Murgitroyd Group PLC Grant of options (6464W)
February 10 2017 - 8:33AM
UK Regulatory
TIDMMUR
RNS Number : 6464W
Murgitroyd Group PLC
10 February 2017
10 February 2017
Murgitroyd Group PLC ("the Group")
Grant of options
The Group announces that, pursuant to the Group's unapproved
Executive Share Option Scheme ("the Scheme"), and as approved by
the Remuneration Committee on 10 February 2017, the Board has
granted options over 90,000 ordinary shares of 10p each in the
Group, all at an exercise price of 402.5p pence per share. Options
were granted to the following Director:
Name Position Number of Options
Gordon Stark Executive Director 50,000
The remainder of the options have been granted to a senior
employee.
All of the options issued above are exercisable from 9 February
2020 until 9 February 2032 with the conditions that the average
annual dividend increase (excluding special or exceptional
dividends) is 10% above the rate of UK CPI; dividend cover
(excluding special or exceptional dividends) is no less than 2
times; and "Total Shareholder Return" is at least 10% above the
average for the FTSE Small Cap, between the date of grant and the
date of exercise.
For further information, please contact:
Keith Young, Murgitroyd Group PLC T: 07802 951913
Sandy Fraser, N+1 Singer (NOMAD and Broker) T: 020 7 496 3000
Nadja Vetter/Emma Crawshaw, Cardew Group T: 020 7 930 0777
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial
responsibilities/person closely associated.
------------------------------------------------------------------
a) Name Gordon Stark
------------------------------------- ---------------------------
2. Reason for the notification.
------------------------------------------------------------------
a) Position/status PDMR (Director)
------------------------------------- ---------------------------
b) Initial notification/amendment Initial
------------------------------------- ---------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor.
------------------------------------------------------------------
a) Name Murgitroyd Group PLC
------------------------------------- ---------------------------
b) LEI N/a
------------------------------------- ---------------------------
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 Options over ordinary
financial instrument, shares of 10 pence each
type of instrument
GB0031067456
Identification code
------------------------------------- ---------------------------
b) Nature of the transaction Grant of options
------------------------------------- ---------------------------
c) Price(s) and volume(s) 50,000 options
Exercise price 402.5p
------------------------------------- ---------------------------
d) Aggregated information n/a - single transaction
- aggregated volume
- price
------------------------------------- ---------------------------
e) Date of the transaction 10 February 2017
------------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange,
AIM
------------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBSGDDBXBBGRG
(END) Dow Jones Newswires
February 10, 2017 09:33 ET (14:33 GMT)
Murgitroyd (LSE:MUR)
Historical Stock Chart
From Apr 2024 to May 2024
Murgitroyd (LSE:MUR)
Historical Stock Chart
From May 2023 to May 2024