REG - Fletcher King PLC - Grant of Share Options

Fletcher KingAnnouncement

19/03/2024 07:00

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RNS Number : 3123H  Fletcher King PLC  19 March 2024

19 March 2024

 

 

Fletcher King plc

 

("Fletcher King" or "the Company")

 

 

Grant of Share Options

 

 

The Board of Fletcher King PLC (AIM: FLK) announces that the Company has
awarded a total of 920,000 options over ordinary shares of 10 pence each in
the Company ("Ordinary Shares") to certain Directors, PDMRs and employees (the
"Options"). The Options have been granted under the rules of the Company's
existing EMI scheme.

 

The Options are exercisable at 34.07 pence per Ordinary Share (the "Exercise
Price"), being the preceding 30-day VWAP as of market close on 15 March 2024.

 

The Options are exercisable after a minimum period of five years subject to a
performance condition. The performance condition requires that, the Market
Value of an Ordinary Share on the exercise date has been at least 40.88 pence,
over the immediately preceding period of 30 trading days. The Options expire
on the tenth anniversary of grant if not exercised.

 

The Directors and PDMRs who have been awarded Options are as follows:

 

 Name            Position/PDMR       Number of Options granted
 Robert Dickman  Executive Director  250,000
 Paul Andrews    Managing Director   250,000
 Peter Bailey    Finance Director    200,000
 Paul Morris     PDMR                100,000
 Total                               800,000

 

In aggregate, the 1,600,000 Options granted to the Directors and PDMRs
represent approximately 15.6% per cent. of the current issued share capital of
the Company.

 

In addition, a further 120,000 Options have been awarded to certain employees
of the Company, on the same terms as above.

 

Following the grant of the Options, the total number of Ordinary Shares
outstanding under these option arrangements is 1,840,000 representing
approximately 18% per cent. of the Company's issued share capital.

 

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.

 

 

Enquiries:

 

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

 

Cairn Financial Advisers LLP

James Caithie / Liam Murray

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) Robert Dickman

                                                              b) Paul Andrews

                                                              c) Peter Bailey

                                                              d) Paul Morris

 Reason for notification                                       Initial Notification
 Position/Status                                              a) Executive Director

                                                              b) Managing Director

                                                              c) Finance Director

                                                              d) Director of subsidiary company

 Initial notification/                                        Initial

 Amendment
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Fletcher King plc

 21380047ETCYL7UA8W49
 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  Options over ordinary shares of 10p each

Identification Code
 

                                                               GB0003425310
 Nature of the transaction                                    Grant of Options to subscribe for ordinary shares
 Price(s) and volume(s)
                                                                          Price(s)     Volume(s)
                                                              a) 34.07p   a) 250,000

                                                              b) 34.07p   b) 250,000

                                                              c) 34.07p   c) 200,000

                                                              d) 34.07p   d) 100,000

 Aggregated information

 - Aggregated Volume

  - Price                                                     800,000

                                                              34.07p
 Date of the transaction                                      18 March 2024
 Place of the transaction                                     UK

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)

a) 34.07p

b) 34.07p

c) 34.07p

d) 34.07p

 

a) 250,000

b) 250,000

c) 200,000

d) 100,000

 

Aggregated information

- Aggregated Volume

 - Price

 

 

800,000

34.07p

Date of the transaction

18 March 2024

Place of the transaction

UK

 

 

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