General Industries - Issue of share options, PDMR shareholding and TVR

Aquila Services

31/03/2016 07:00

RNS Number : 5838T

General Industries PLC

31 March 2016

For Immediate Release

31 March 2016

General Industries PLC

("General Industries" or the "Company")

Issue of Unapproved Share Options, Director/PDMR Shareholding and TVR

General Industries, a company formed to acquire and operate growing businesses in the services sector, announces that it has today issued 103,093 unapproved share options ("Share Options") to David Mairs, Director of Murja Limited, a wholly owned subsidiary of the Company, who joined Murja on 15th February 2016 ("joining date"). This forms part of the Company's reward and remuneration strategy which is to ensure that General Industries attracts, retains and motivates highly skilled personnel contributing to the growth and success of the Group.

The Share Options have been granted to the value of 50,000 based on the mid-market price of 48.5p on the joining date and they will be exercisable on 31 March 2019 at an exercise price of 5p.

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.
Name of the issuer
GENERAL INDUSTRIES PLC
2.
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R,
(ii) a disclosure made in accordance
LR 9.8.6R(1) or
(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
3.
Name of person discharging managerial
responsibilities/director
DAVID MAIRS, DIRECTOR OF MURJA LIMITED
4.
State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5.
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1
N/A
6.
Description of shares (including class), debentures or derivatives or financial instruments relating to shares
N/A
7.
Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
N/A
8.
State the nature of the transaction
N/A
9.
Number of shares, debentures or financial instruments relating to shares acquired
N/A
10.
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
N/A
11.
Number of shares, debentures or financial instruments relating to shares disposed
N/A
12.
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13.
Price per share or value of transaction
N/A
14.
Date and place of transaction
N/A
15.
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
N/A
16.
Date issuer informed of transaction
N/A


If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.
Date of grant
31 MARCH 2016
18.
Period during which or date on which exercisable
31 MARCH 2019
19.
Total amount paid (if any) for grant of the option
NIL
20.
Description of shares or debentures involved (class and number)
UNAPPROVED SHARE OPTIONS
21.
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
0.05 PER SHARE
22.
Total number of shares or debentures over which options held following notification
103,093
23.
Any additional information
N/A
24.
Name of contact and telephone number for queries
DEREK JOSEPH 0207 934 0175


Total Voting Rights

In conformity with rule 5.6.1 of the Financial Conduct Authority's Disclosure and Transparency Rules (the DTRs) the Company is notifying the market of the following:

As at the date of this announcement, the Company's issued share capital consists of 32,608,688 ordinary shares of 5p each with voting rights. There are no shares held in treasury.

The above figure of 32,608,688 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the DTRs.

For further information please visit www.general-industries.co.uk or contact:

General Industries plc

Derek Joseph, Group Finance Director

Tel: 020 7934 0175

Beaumont Cornish Limited, Financial Adviser

Roland Cornish

Tel: 020 7628 3396

This information is provided by RNS

The company news service from the London Stock Exchange

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