Inspiration Healthcare Group PLC Grant of Options (9811V)
November 09 2017 - 1:01AM
UK Regulatory
TIDMIHC
RNS Number : 9811V
Inspiration Healthcare Group PLC
09 November 2017
9(th) November 2017
Inspiration Healthcare Group plc
("Inspiration Healthcare" or the "Company")
Grant of Options
Inspiration Healthcare Group plc (AIM: IHC), the global medical
device company, announces that, on 8(th) November 2017 the Company
granted to certain key employees enterprise management incentive
options ("Options") over 285,338 ordinary shares of 10 pence each
("Ordinary Shares") in the capital of the Company under the
Inspiration Healthcare Group plc Long Term Incentive Plan ("Option
Scheme").
The Options granted under the Option Scheme are exercisable at
nil cost to the employee and are subject to a performance
condition, to be measured over a three-year period ending on 31
January 2020, of growth in earnings per Ordinary Share in issue
("EPS") of 40% or more compounded over the three-year period. If
the growth in EPS is less than 40% but greater than 35% the number
of Option Shares available for exercise will be capped at 75%. If
the growth in EPS is less than 35% but greater than 30% the number
of Option Shares available for exercise will be capped at 50%. If
the growth in EPS is less than 30% the Options will lapse.
If they vest and subject to the rules of the Option Scheme, the
Options are exercisable for a period of two years following
publication of the audited accounts of the Company for the
financial year ending on 31 January 2020.
Mike Briant, the Chief Financial Officer, is the recipient of an
Option over 135,338 Ordinary Shares pursuant to his contract of
employment agreed on commencement, which is not subject to the
performance condition. That Option, when exercised, currently
represents his entire beneficial, interest in the capital of the
Company.
The Company announces the following PDMR dealings in accordance
with article 19(3) of the Market Abuse Regulation:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Mike Briant
--- ------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------- -----------------------------
b) Initial notification Initial
/Amendment
--- ------------------------- -----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Inspiration Healthcare Group
plc
--- ------------------------- -----------------------------
b) LEI 213800GKFT3ENAPMDL15
--- ------------------------- -----------------------------
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 Ordinary Shares of 10p each
the financial
instrument, type
of instrument ISIN: GB00BXDZL105
Identification
code
--- ------------------------- -----------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil cost 135,338
---------- ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume
N/A - single transaction
- Price
--- ------------------------- -----------------------------
e) Date of the transaction 8 November 2017
--- ------------------------- -----------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------- -----------------------------
Enquiries:
Inspiration Healthcare Group plc Tel: 01455 840555
Neil Campbell, Chief Executive Officer
Mike Briant, Chief Financial Officer
Nominated Adviser & Broker Tel: 0207 397 8900
Cenkos Securities plc
Bobbie Hilliam
Mark Connelly (NOMAD)
Cadogan PR Tel: 07771 713608
Alex Walters
This information is provided by RNS
The company news service from the London Stock Exchange
END
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