REG - Fletcher King PLC - Option Surrender

Fletcher KingAnnouncement

28/04/2020 14:10

RNS Number : 1975L
  
Fletcher King PLC
  
28 April 2020
  
 

 
Fletcher King plc
 
Option Surrender
 
 
Fletcher King plc (the "Company") announces that, further to the announcements of 1 March 2019 and 19 October 2016, the holders of all 1,240,000 options issued under the Company's Enterprise Management Incentive ("EMI") plan have today surrendered the options.  
 
The Company has no short term intention to issue any EMI options to replace the surrendered options. In either the medium term or at such point as the markets in which the Company operates recover from the current COVID-19 situation, the Company expects to construct a suitable incentivisation structure to attract and motivate employees and directors of the Company to drive its business forward in the future. 
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 
 
Enquiries
 
Fletcher King plc
David Fletcher / Peter Bailey
Tel: 0207 493 8400
 
Cairn Financial Advisers LLP
James Caithie / Tony Rawlinson
Tel: 020 7213 0880




 



Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014





Details of the person discharging managerial responsibilities/person closely associated





Name


a)    Richard Goode
b)    Robert Dickman
c)    Paul Andrews
d)    Peter Bailey
e)    David Fletcher





Reason for notification









Position/Status


a)    Director
b)    Director
c)    Director
d)    Director
e)    Director





Initial notification/ Amendment


Initial notification





Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor





Name


Fletcher King plc





LEI





 


21380047ETCYL7UA8W49



 





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





Description of the financial instrument, type of instrument



Identification Code


Options over ordinary shares of 10p each



 
 GB0003425310





Nature of the transaction


Option surrender under EMI plan





Price(s) and volume(s)





























Price(s)


Volume(s)













a) 48.5p
a) 46p
b) 48.5p
b) 46p
c) 48.5p
c) 46p
d) 48.5p
d) 46p
e) 48.5p


a) 100,000
a) 100,000
b) 100,000
b) 150,000
c) 100,000
c) 150,000
d) 100,000
d) 100,000
e) 100,000









 












Aggregated information
 - Aggregated Volume
 - Price


 
1,000,000
46p / 48.5p





Date of the transaction


28 April 2020





Place of the transaction


Outside a trading venue
 













 



 


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