REG - Portmeirion Group - Executive Share Option Grants <Origin Href="QuoteRef">PMGR.L</Origin>
RNS Number : 8068NPortmeirion Group PLC11 August 201711 August 2017
Portmeirion Group PLC
(the "Company")
Executive Share Option Grants
The Company announces that, on 11 August 2017, it granted options to Directors and senior managers over a total of 193,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares") pursuant to The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "2012 Plans").
The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the 2012 Plans. The options granted on 11 August 2017 are normally only exercisable if the increase in the average of the Group's basic adjusted earnings per share (as adjusted for changes in accounting standards and exceptional items) for each of the three years ending 31 December 2017, 31 December 2018 and 31 December 2019 is at least 13% higher than that for the year ended 31 December 2016.The exercise price of the options is in reference to the closing middle market price of an Ordinary Share on 10 August 2017, being the latest date prior to the grant. Of the total number of options granted, 145,000 options over Ordinary Shares were granted to persons discharging managerial responsibilities ("PDMRs") of the Company, as detailed below:
Number options granted
Exercise price per Ordinary Share
Exercise period
Company directors/officers:
Philip Atherton
Group Sales & Marketing Director
25,000
9.60
12 August 2020 - 10 August 2027
Lawrence Bryan
Chief Executive
40,000
9.60
12 August 2020 - 10 August 2027
Michael Raybould
Group Finance Director
30,000
9.60
12 August 2020 - 10 August 2027
Michael Knapper
Operations Director
20,000
9.60
12 August 2020 - 10 August 2027
Moira MacDonald
Group Company Secretary
7,500
9.60
12 August 2020 - 10 August 2027
Subsidiary company directors:
Joanne Barber
Wax Lyrical Managing Director
7,500
9.60
12 August 2020 - 10 August 2027
Samantha Pearce
HR Director
7,500
9.60
12 August 2020 - 10 August 2027
Nigel Spencer
Production Director
7,500
9.60
12 August 2020 - 10 August 2027
Total:
145,000
The total number of Ordinary Shares over which each PDMR holds options following this notification is:
Total number of options
over Ordinary Shares
Philip Atherton
60,467
Lawrence Bryan
94,394
Michael Raybould
30,000
Michael Knapper
31,000
Moira MacDonald
11,900
Joanne Barber
7,500
Samantha Pearce
11,900
Nigel Spencer
34,288
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Company directors/officers:
Philip Atherton
Group Sales &
Marketing Director
Lawrence Bryan
Chief Executive
Michael Raybould
Group Finance Director
Michael Knapper
Operations Director
Moira MacDonald
Group Company Secretary
Subsidiary company directors:
Joanne Barber
Wax Lyrical Managing Director
Samantha Pearce
HR Director
Nigel Spencer
Production Director
2.
Reason for the notification
a)
Position/status
See 1(a) above for all positions - all classified as PDMRs of the Company
b)
Initial notification/Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Portmeirion Group PLC
b)
LEI
2138003QC9J6TLZJHO70
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
Ordinary Shares of 5 pence each
b)
Identification code
GB0006957293
c)
Nature of the transactions
Grant of options over Ordinary Shares
d)
Price(s) and volume(s)
Price at grant: Nil
Exercise Price: 960 pence per Ordinary Share
Volume(s)
Options over Ordinary Shares
Philip Atherton
25,000
Lawrence Bryan
40,000
Michael Raybould
30,000
Michael Knapper
20,000
Moira MacDonald
7,500
Joanne Barber
7,500
Samantha Pearce
7,500
Nigel Spencer
7,500
e)
Aggregated information
- Aggregated volume
- Price
Nil, grant of options only
f)
Date of the transactions
11 August 2017
f)
Place of the transactions
Off-market
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC:
Dick Steele
+44 (0) 1782 744 721
steele_clan@msn.com
Non-executive Chairman
Mike Raybould
+44 (0) 1782 744 721
mraybould@portmeiriongroup.com
Group Finance Director
Bell Pottinger:
Dan de Belder
Robert McGowan Stuart
+44 (0) 203 772 2561
+44 (0) 203 772 2553
rmcgowanstuart@bellpottinger.com
Panmure Gordon
(Nominated Adviser and Broker):
+44 (0) 207 886 2500
Freddy Crossley/ Duncan Monteith
Corporate Finance
Tom Salvesen
Corporate Broking
Cantor Fitzgerald Europe
(Joint Broker):
+44 (0) 207 894 7000
Catherine Leftley /Marc Milmo
Corporate Finance
Mark Westcott
Sales
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHBBGDIIXBBGRB
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