Creightons PLC Share Option Grant (4383S)
March 16 2021 - 6:42AM
UK Regulatory
TIDMCRL
RNS Number : 4383S
Creightons PLC
16 March 2021
Creightons Plc
(the "Company" or "the Group")
Share Option Grant
This notification is made in accordance with DTR
3.1.4R(1)(a).
Creightons plc announces that options over a total of 1,965,000
ordinary 1p shares in the Company have been granted to 481
employees of companies in the Group as part of the Company's policy
of providing long-term share-linked and tax-effective incentives to
all employees of the Group employees and directors.
These options have been granted under the Company's 2018 Share
Option Plan and represent a dilution of 3.03% of the Company's
total equity.
The Board believes this is an effective way of rewarding service
and commitment to the Group and to provide on-going incentives to
all employees and directors.
The options were issued at 74.50p per ordinary share and can be
exercised between the third and tenth anniversary of 16(th) March
2021, subject to the option holder's continued employment and the
Company's share price having been not less than 74.50p per share
for three consecutive days on or after 16(th) March 2024. No
consideration is payable in respect of the grant of these
options.
Shareholders will benefit from this grant since it re-enforces
the Company's policy of providing long-term share-linked and
tax-effective incentives to all our employees.
Enquiries:
Creightons plc
NDJ O'Shea, Director 01733 281 000
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