REG - John Lewis Of Hunger - Grant of Share Options

John Lewis of HungerfordAnnouncement

25/03/2019 15:50

RNS Number : 9296T
John Lewis Of Hungerford PLC
25 March 2019
 


25 March 2019
 
John Lewis of Hungerford plc
(the "Company")
 
Grant of Share Options
 
John Lewis of Hungerford Plc (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, announces that it has today granted options over 26,440,838 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at an exercise price of 1 pence per Ordinary Share to all employees and Directors of the Company under the Company's Unapproved and EMI Share Option Plan ("Option Plan").
 
All Directors and PDMR's of the Company have been issued Share Options as follows:
 



Director/PDMR


Number of Share Options granted


Share Options held as a percentage of issued share capital




Gary O'Brien


5,602,366


3.00%




Kiran Noonan


9,337,276


5.00%




James Barnard


746,982


0.40%




Andrew Tucker


746,982


0.40%




Mark Rose


746,982


0.40%



 
Aggressive performance conditions apply to the vesting of options under the Option Plan that are linked to profit and share price performance. In addition, the Option Plan includes a hurdle criteria which stipulates that no Ordinary Shares under the share price performance criteria will vest until the share price of an Ordinary Share reaches 3 pence.
 
The Option Plan was approved by shareholders at the 2018 Annual General Meeting and the principal terms of the Option Plan were summarised in Appendix 1 to the 2018 Notice of AGM available on the Company's website www.john-lewis.co.uk.
 
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
 
Enquiries:
 



John Lewis of Hungerford plc
Gary O'Brien - Chairman


01235 774300














Cenkos Securities plc
Katy Birkin
Azhic Basirov


0207 397 8900



 
 
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gary O'Brien
 




2


Reason for the notification




a)


Position/status


Non-executive Chairman
 




b)


Initial notification/Amendment


Initial Notification
 




3


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




a)


Name


John Lewis of Hungerford plc
 




b)


LEI


254900N2MR89E8ZEO985
 




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 0.1p each








Identification code


GB0004773148
 




b)


Nature of the transaction


Grant of share options over ordinary shares of 0.1p each
 




c)


Price(s) and volumes(s)


Price(s)


Volume(s)
 




£0.00


5,602,366
 




d)


Aggregated information


N/A (single transaction)
 








Aggregated volume


N/A (single transaction)
 








Price


N/A (single transaction)
 




e)


Date of the transaction


25 March 2019
 




f)


Place of the transaction


Outside of a trading venue
 



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Kiran Noonan
 




2


Reason for the notification




a)


Position/status


Chief Executive Officer
 




b)


Initial notification/Amendment


Initial Notification
 




3


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




a)


Name


John Lewis of Hungerford plc
 




b)


LEI


254900N2MR89E8ZEO985
 




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 0.1p each








Identification code


GB0004773148
 




b)


Nature of the transaction


Grant of share options over ordinary shares of 0.1p each
 




c)


Price(s) and volumes(s)


Price(s)


Volume(s)
 




£0.00


9,337,276
 




d)


Aggregated information


N/A (single transaction)
 








Aggregated volume


N/A (single transaction)
 








Price


N/A (single transaction)
 




e)


Date of the transaction


25 March 2019
 




f)


Place of the transaction


Outside of a trading venue
 



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


James Barnard
 




2


Reason for the notification




a)


Position/status


Non-executive Director
 




b)


Initial notification/Amendment


Initial Notification
 




3


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




a)


Name


John Lewis of Hungerford plc
 




b)


LEI


254900N2MR89E8ZEO985
 




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 0.1p each








Identification code


GB0004773148
 




b)


Nature of the transaction


Grant of share options over ordinary shares of 0.1p each
 




c)


Price(s) and volumes(s)


Price(s)


Volume(s)
 




£0.00


746,982
 




d)


Aggregated information


N/A (single transaction)
 








Aggregated volume


N/A (single transaction)
 








Price


N/A (single transaction)
 




e)


Date of the transaction


25 March 2019
 




f)


Place of the transaction


Outside of a trading venue
 



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Andrew Tucker
 




2


Reason for the notification




a)


Position/status


PDMR
 




b)


Initial notification/Amendment


Initial Notification
 




3


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




a)


Name


John Lewis of Hungerford plc
 




b)


LEI


254900N2MR89E8ZEO985
 




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 0.1p each








Identification code


GB0004773148
 




b)


Nature of the transaction


Grant of share options over ordinary shares of 0.1p each
 




c)


Price(s) and volumes(s)


Price(s)


Volume(s)
 




£0.00


746,982
 




d)


Aggregated information


N/A (single transaction)
 








Aggregated volume


N/A (single transaction)
 








Price


N/A (single transaction)
 




e)


Date of the transaction


25 March 2019
 




f)


Place of the transaction


Outside of a trading venue
 



 
 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Mark Rose
 




2


Reason for the notification




a)


Position/status


PDMR
 




b)


Initial notification/Amendment


Initial Notification
 




3


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




a)


Name


John Lewis of Hungerford plc
 




b)


LEI


254900N2MR89E8ZEO985
 




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 0.1p each








Identification code


GB0004773148
 




b)


Nature of the transaction


Grant of share options over ordinary shares of 0.1p each
 




c)


Price(s) and volumes(s)


Price(s)


Volume(s)
 




£0.00


746,982
 




d)


Aggregated information


N/A (single transaction)
 








Aggregated volume


N/A (single transaction)
 








Price


N/A (single transaction)
 




e)


Date of the transaction


25 March 2019
 




f)


Place of the transaction


Outside of a trading venue
 



 




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