Portmeirion Group PLC Executive Share Option Grants (8068N)
August 11 2017 - 6:41AM
UK Regulatory
TIDMPMP
RNS Number : 8068N
Portmeirion Group PLC
11 August 2017
11 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:
Exercise
price
Number per
options Ordinary
granted Share Exercise period
Company directors/officers:
Group Sales & 12 August 2020
Philip Atherton Marketing Director 25,000 GBP9.60 - 10 August 2027
Lawrence Chief Executive 40,000 GBP9.60 12 August 2020
Bryan - 10 August 2027
Michael Raybould Group Finance 30,000 GBP9.60 12 August 2020
Director - 10 August 2027
Michael Knapper Operations Director 20,000 GBP9.60 12 August 2020
- 10 August 2027
Moira MacDonald Group Company 7,500 GBP9.60 12 August 2020
Secretary - 10 August 2027
Subsidiary company directors:
Joanne Barber Wax Lyrical Managing 7,500 GBP9.60 12 August 2020
Director - 10 August 2027
Samantha HR Director 7,500 GBP9.60 12 August 2020
Pearce - 10 August 2027
Nigel Spencer Production Director 7,500 GBP9.60 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:
----------------------------------------
Group Sales &
Philip Atherton Marketing Director
----------------- ---------------------
Lawrence Chief Executive
Bryan
----------------- ---------------------
Michael Raybould Group Finance
Director
----------------- ---------------------
Michael Knapper Operations Director
----------------- ---------------------
Moira MacDonald Group Company
Secretary
----------------- ---------------------
Subsidiary company directors:
----------------------------------------
Joanne Barber Wax Lyrical Managing
Director
----------------- ---------------------
Samantha HR Director
Pearce
----------------- ---------------------
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 Ordinary Shares of 5 pence
financial instrument 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 Nil, grant of options only
* Aggregated volume
* Price
--- ------------------------------- ------------------------------------------
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 steele_clan@msn.com
744 721
Non-executive Chairman
Mike Raybould +44 (0) 1782 mraybould@portmeiriongroup.com
744 721
Group Finance Director
Bell Pottinger:
Dan de Belder +44 (0) 203 ddebelder@bellpottinger.com
Robert McGowan Stuart 772 2561 rmcgowanstuart@bellpottinger.com
+44 (0) 203
772 2553
Panmure Gordon
(Nominated Adviser +44 (0) 207
and Broker): 886 2500
Freddy Crossley/ Corporate
Duncan Monteith Finance
Tom Salvesen Corporate
Broking
Cantor Fitzgerald
Europe +44 (0) 207
(Joint Broker): 894 7000
Catherine Leftley Corporate
/Marc Milmo Finance
Mark Westcott Sales
This information is provided by RNS
The company news service from the London Stock Exchange
END
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