Redhall Group PLC Grant of Options (4609S)
October 02 2017 - 9:51AM
UK Regulatory
TIDMRHL
RNS Number : 4609S
Redhall Group PLC
02 October 2017
2 October 2017
Redhall Group plc
("Redhall" or the "Company")
Grant of award under the Redhall 2007 Discretionary Share Option
Plan (the "Plan")
The Company announces that on 29 September 2017, the
Remuneration Committee of the Board of Redhall (the "Remuneration
Committee") granted 2,000,000 options (the "Options") over ordinary
shares of 0.01 pence each in the Company ("Ordinary Shares") to
Wayne Pearson, an executive director of the Company, in accordance
with the terms of the Plan.
The Options, which are granted at a price of 9.375 pence (the
closing price of an Ordinary Share on 29 September 2017) and are
exercisable at a price of 16.2 pence, shall vest on 29 September
2020 subject to the achievement by the Company of performance
targets set by the Remuneration Committee and linked to the growth
in the price of Ordinary Shares (the "Vesting Conditions").
Subject to the achievement of the Vesting Conditions, the
Options will be exercisable into Ordinary Shares by Wayne Pearson
between 29 September 2020 and 29 September 2027.
The Company publicly discloses the following notifications:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Wayne Pearson
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Chief Operating Officer
--- ------------------------ -------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Redhall Group plc
--- ------------------------ -------------------------------
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 Award of options over Ordinary
the financial Shares
instrument, type
of instrument
GB0001112035
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award made pursuant to the
transaction Redhall 2007 Discretionary
Share Option Plan
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
nil 2,000,000
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated NA
volume
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 29 September 2017
--- ------------------------ -------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------ -------------------------------
Contact details:
Redhall Group plc Tel: +44 (0)
1924 385 386
Phil Brierley, Chief Executive
Chris Kelly, Group Finance Director
Buchanan Tel: +44 (0)
20 7466 5000
Mark Court, Sophie Cowles
GCA Altium, NOMAD
Tim Richardson, Simon Lord Tel: +44 (0)
845 505 4343
WH Ireland, Broker
Adrian Hadden, Ed Allsopp Tel: +44 (0)
20 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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