Grant of Share Options
01/03/2019 16:10
RNS Number : 6547R
Fletcher King PLC
01 March 2019
FLETCHER KING PLC
GRANT OF SHARE OPTIONS
Fletcher King plc (the "Company") announces that, further to the announcement of 19 October 2016 regarding the introduction of a new Enterprise Management Incentive plan, the remuneration committee has today awarded a total of 640,000 options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Directors and employees (the "Options"). These Options were granted under the rules of the Company's EMI scheme.
The Options are exercisable at the closing mid-market price of Ordinary Shares ("Market Value") as at 28 February 2019, being 46 pence per Ordinary Share (the "Exercise Price").
The Options are ordinarily exercisable after a minimum period of five years and conditional on the Market Value of an Ordinary Share at the exercise date having been, for the immediately preceding period of 30 trading days, at least 20% higher than the Market Value of a Share at the date of grant. The Options expire on the tenth anniversary of grant if not exercised.
The Directors who have been awarded Options are as follows:
| Director | Position | NumberofOptionsgranted | ||
| Richard Goode | Managing Director | 100,000 | ||
| Robert Dickman | Executive Director | 150,000 | ||
| Paul Andrews | Executive Director | 150,000 |
| 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 | Richard Goode | ||||||||
| Reason for notification | |||||||||
| Position/Status | Director | ||||||||
| Initial notification/ Amendment | Initial | ||||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| Name | Fletcher King plc | ||||||||
| LEI |
| ||||||||
| 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 | Grant of Options to subscribe for ordinary shares | ||||||||
| Price(s) and volume(s) | |||||||||
| Price(s) | Volume(s) | ||||||||
| Exercise price of 46p per share | 100,000 | ||||||||
| Aggregated information - Aggregated Volume - Price | N/A | ||||||||
| Date of the transaction | 1 March 2019 | ||||||||
| Place of the transaction | UK | ||||||||
| 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 | Robert Dickman | ||||||||
| Reason for notification | |||||||||
| Position/Status | Director | ||||||||
| Initial notification/ Amendment | Initial | ||||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| Name | Fletcher King plc | ||||||||
| LEI |
| ||||||||
| 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 | Grant of Options to subscribe for ordinary shares | ||||||||
| Price(s) and volume(s) | |||||||||
| Price(s) | Volume(s) | ||||||||
| Exercise price of 46p per share | 150,000 | ||||||||
| Aggregated information - Aggregated Volume - Price | N/A | ||||||||
| Date of the transaction | 1 March 2019 | ||||||||
| Place of the transaction | UK | ||||||||
| 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 | Paul Andrews | ||||||||
| Reason for notification | |||||||||
| Position/Status | Director | ||||||||
| Initial notification/ Amendment | Initial | ||||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| Name | Fletcher King plc | ||||||||
| LEI |
| ||||||||
| 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 | Grant of Options to subscribe for ordinary shares | ||||||||
| Price(s) and volume(s) | |||||||||
| Price(s) | Volume(s) | ||||||||
| Exercise price of 46p per share | 150,000 | ||||||||
| Aggregated information - Aggregated Volume - Price | N/A | ||||||||
| Date of the transaction | 1 March 2019 | ||||||||
| Place of the transaction | UK | ||||||||