REG - Coral Products PLC - Issue of Options

Coral ProductsAnnouncement

08/07/2025 10:15

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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/     Position                        Number of Options      Exercise Price  Date of Grant  Expiry Date

 PDMR
 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                                                                                              Non-Executive Chairman             07703 518 148

 Ian Hillman                                                                                               CEO                                07773 902145

 Cairn Financial Advisers LLP                                                                              NOMAD and Broker                   020 7213 0880

 Sandy Jamieson / Ludovico Lazzaretti

 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/                                        Initial notification

             Amendment
 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  Ordinary Shares of 1p each

             Identification Code

                                                                          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

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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