REG - CMO Group PLC - Establishment of CSOP & Grant of Options
16/12/2021 07:00
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RNS Number : 7580V CMO Group PLC 16 December 2021
CMO Group PLC
("CMO", the "Company" or "the Group")
Establishment of CSOP & Grant of Options
CMO Group PLC, the UK's largest online-only retailer of building materials,
confirms the establishment of a new company share option plan (the "CSOP") and
the grant of options to certain PDMRs pursuant to the CSOP.
The Board recognised the importance of long-term equity incentive schemes as a
means to attract, recruit and retain key employees. While the Company has
already adopted the CMOStores Group Limited Long Term Incentive Plan, intended
for the benefit of executive directors of the Group, the CSOP is intended to
ensure all employees are properly incentivised and able to closely identify
with the objectives of the Group. It is intended that options granted pursuant
to the CSOP will vest subject to standard performance conditions and with an
exercise price linked to the prevailing market share price at the time of
grant.
The Company confirms that following the establishment of the CSOP, it has
granted new share options (the "Options") to the following PDMRs of the Group:
PDMR Title No. of Options granted
Colin Winterburn Operations Director 6,500
John Boseley Head of Category 4,500
Nicholas Fisher Director of Sales & Customer Service 4,500
Amy Hatswell Head of Human Resources 4,500
The Options, which have a ten-year life, have an exercise price of 168 pence
and vest on the third anniversary from the date of grant.
Enquiries:
CMO Group PLC Via Instinctif
Dean Murray, CEO
Jonathan Lamb, CFO
Liberum Capital Limited (Nominated Adviser & Broker) Tel: +44 20 3100 2000
Andrew Godber
Lauren Kettle
Cara Murphy
Instinctif Partners
Justine Warren Tel: +44 20 7457 2010
Matthew Smallwood Tel: +44 20 7457 2005
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Winterburn
2 Reason for the notification
a) Position/status Operations Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CMO Group plc
b) LEI 213800XLXLT3ATYF6A30
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 1 penny
Identification code ISIN: GB00BMB5Y385
b) Nature of the transaction Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
168p 6,500
d) Aggregated information
N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2021
f) Place of the transaction Off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Boseley
2 Reason for the notification
a) Position/status Head of Category
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CMO Group plc
b) LEI 213800XLXLT3ATYF6A30
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 1 penny
Identification code ISIN: GB00BMB5Y385
b) Nature of the transaction Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
168p 4,500
d) Aggregated information
N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2021
f) Place of the transaction Off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nicholas Fisher
2 Reason for the notification
a) Position/status Director of Sales & Customer Service
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CMO Group plc
b) LEI 213800XLXLT3ATYF6A30
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 1 penny
Identification code ISIN: GB00BMB5Y385
b) Nature of the transaction Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
168p 4,500
d) Aggregated information
N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2021
f) Place of the transaction Off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Amy Hatswell
2 Reason for the notification
a) Position/status Head of Human Resources
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name CMO Group plc
b) LEI 213800XLXLT3ATYF6A30
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 1 penny
Identification code ISIN: GB00BMB5Y385
b) Nature of the transaction Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
168p 4,500
d) Aggregated information
N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2021
f) Place of the transaction Off-market transaction
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