Option block at Perpetual

Perpetual's board has prevented members of its sales and fund management team from exercising their share options, writes Kira Nickerson. This follows the rise in Perpetual's share price once it announced its sales to Amvescap. The options, which Investment Week understands were granted last year, had not been exercised before because Perpetual's share price had tended to be lower than the £39 value per share on the options. When Amvescap announced its bid for Perpetual in late October, the share price moved higher, hitting a 52-week high of £43.62 on 6 November. The company's 52-week s...