REG - FireAngel SafetyTech - Award of Options

Fireangel Safety TechnologyAnnouncement

05/08/2019 10:00

RNS Number : 8891H
FireAngel Safety Technology Group
05 August 2019
 


5 August 2019
FireAngel Safety Technology Group plc 
('FireAngel', the 'Group' or the 'Company')
Award of Options under Share Plan
PDMR shareholdings
 
FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that on 2 August 2019 it made awards over a total of 3,390,000 FireAngel Safety Technology Group plc ordinary shares of 2p each (the 'Shares') to certain directors and senior managers employed within the Group, under its Long-Term Incentive Plan ('LTIP').
 
Under the LTIP, awards were made to the following Persons Discharging Managerial Responsibility ('PDMRs'):
 




Name


Position


Status


LTIP award (number of Shares)




 




Directors




John Conoley


Executive Chairman


Director and PDMR


1,500,000




Nick Rutter


Chief Product Officer


Director and PDMR


250,000




Mike Stilwell


Group Finance Director


Director and PDMR


750,000




 


 


 


 




Senior Managers




Adam Devey


Business Unit Director


PDMR


100,000




Zoe Fox


Finance Director


PDMR


100,000




Andy Gregg


Operations Director


PDMR


100,000




James King


Business Unit Director


PDMR


100,000




Rene Nolten


Business Unit Director


PDMR


100,000




Claire Pickard


Business Unit Director


PDMR


100,000




 
Following the awards, the total interests of each of the PDMRs referred to above in Shares is as follows:
 




Name


Ordinary shares held


Interest in shares in share schemes


Resultant total interest


% of issued share capital




 


 


 


 


 




Directors




John Conoley


61,181


1,500,000


1,561,181


2.06%




Nick Rutter


3,800,000


375,000


4,175,000


5.50%




Mike Stilwell


55,538


750,000


805,538


1.06%




 


 


 


 


 




Senior Managers




Adam Devey


5,558


100,000


105,558


0.14%




Zoe Fox


-


131,944


131,944


0.17%




Andy Gregg


-


100,000


100,000


0.13%




James King


-


118,333


118,333


0.16%




Rene Nolten


-


125,000


125,000


0.16%




Claire Pickard


82,500


100,000


182,500


0.24%




 
Under the LTIP, selected employees are entitled to exercise an option to receive a certain number of Shares at any time after a three-year vesting period, at a cost to the employee of the nominal value of the Shares.  The number of Shares that are awarded at the end of the three-year period is dependent on the achievement of certain performance criteria.
 
Vesting of the LTIP awards is dependent on achievement of total shareholder return ('TSR').  If TSR on Shares is 200% or more at the end of three years following the award, all of the Shares awarded will vest.  If TSR is 100%, then 25% of the awarded Shares will vest.  Between these points the number of Shares that vest will be pro-rata.  If TSR is less than 100% then no Shares will vest.  The limit on the number of Shares over which interests may be awarded remains unchanged.
 
Any entitlement under the LTIP will lapse on cessation of employment prior to the end of the three-year vesting period, unless cessation of employment is by reason of redundancy, ill health or death.
 
In addition to these awards, it is the intention of the Remuneration Committee to implement a share matching scheme for executive directors and PDMRs for shares acquired within a year of any fundraising event.
 
 
For further information, please contact:
 




FireAngel Safety Technology Group plc


024 7771 7700




John Conoley, Executive Chairman


 




Mike Stilwell, Group Finance Director
 
Shore Capital (Nominated adviser and broker)


 
 
020 7408 4050




Tom Griffiths


 




 
Notes to Editors
 
About FireAngel Safety Technology Group plc
FireAngel's mission is to protect, save and improve our customers' lives by making innovative, leading edge technology simple and accessible.  FireAngel is one of the market leaders in the European home safety products market.
 
FireAngel's principal products are smoke alarms, CO alarms, heat alarms and accessories.  The Company has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories.  Products are sold under FireAngel's leading brands of FireAngel, FireAngel Pro, AngelEye and FireAngel Connect. 
 
For further product information, please visit: www.fireangeltech.com  
 
 
 




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