Issue of Options

Coral Products

08/07/2025 10:08

RNS Number : 1857Q

Coral Products PLC

08 July 2025

 

Coral Products Plc

("CRU" or the "Company")

Issue of Options

 

Coral Products plc, a group of specialist businesses in the design, UK manufacture and omni-channel supply of a wide range of bespoke plastic products based in Wythenshawe, Manchester, announces that as part of the Company's long-term incentive framework, the Company has granted 10,000,000 options over new ordinary shares of 1 pence each ("Ordinary Shares") in the Company ("Options") to certain Directors and employees of the Company under the Company's existing 2014 EMI Option Plan.

 

These Options are to align the interests of management with shareholders and incentivise delivery of the Company's strategy. The Options have been granted with an exercise price of 10 pence per share, are not exercisable until 24 months from 7 July 2025 ("Date of Grant") and expire on 7 July 2035. There are no vesting conditions attached to the Options.

 

Options granted to certain Directors and PDMRs of the Company are detailed below:

 

Director/
PDMR
Position
Number of Options
Exercise Price
Date of Grant
Expiry Date
Ian Hillman
Group CEO
2,500,000
10 pence
7 July 2025
7 July 2035
Paul Rice
Group CFO
2,500,000
10 pence
7 July 2025
7 July 2035
Robert David
Operations Director
2,500,000
10 pence
7 July 2025
7 July 2035
Paul Freud
Corporate Development Director
1,000,000
10 pence
7 July 2025
7 July 2035

 

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

 

For further information, please contact:

Enquiries:
www.coralproducts.com
Coral Products plc
Joe Grimmond
Ian Hillman
Non-Executive Chairman
CEO
07703 518 148
07773 902145
Cairn Financial Advisers LLP
Sandy Jamieson / Ludovico Lazzaretti
NOMAD and Broker
020 7213 0880
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
A) Ian Hillman
B) Paul Rice
C) Robert David
D) Paul Freud
2
Reason for notification
a.
Position/Status
A) Group CEO
B) Group CFO
C) Operations Director (PDMR)
D) Corporate Development Director
b.
Initial notification/
Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
Coral Products plc
b.
LEI
213800M2XLY2QGBMUN82
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
Identification Code
Ordinary Shares of 1p each
ISIN: GB0002235736
b.
Nature of the transaction
Issue of Options pursuant to the 2014 EMI Option Plan
c.
Price(s) and volume(s)
Price(s) per share
Volume(s)
A)
10 pence
2,500,000
B)
10 pence
2,500,000
C)
10 pence
2,500,000
D)
10 pence
1,000,000
d.
Aggregated information
- Aggregated Volume
- Price
e.
Date of the transaction
7 July 2025
f.
Place of the transaction
London Stock Exchange


 

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