SpaceandPeople PLC Grant of Options (7804T)
April 01 2016 - 1:01AM
UK Regulatory
TIDMSAL
RNS Number : 7804T
SpaceandPeople PLC
01 April 2016
SpaceandPeople plc
("SpaceandPeople" or the "Company")
Grant of Options
SpaceandPeople (AIM:SAL) the retail, promotional and brand
experience specialist, announces that it has granted options over a
total 700,000 new ordinary shares of 1p each in the Company
("Ordinary Shares") under its existing share option scheme (the
"Options"). The Options have been granted to certain directors and
senior management of the Company as follows:
Name No. of Options
granted
Mathew Bending 120,000
Nancy Cullen 120,000
Gregor Dunlay 120,000
Various other
employees 340,000
700,000
--------------
The Options are exercisable at a price of 61p per share being
the closing share price on 29 March 2016 and vest no earlier than
31 March 2019. The Options expire on the tenth anniversary of the
date of grant.
The vesting of the Options is conditional on the continued
employment of the option holder as well as the satisfaction of
certain financial performance conditions, namely Earnings Per Share
growth and Total Shareholder Returns growth. The Options will vest
in full should the Company achieve EPS growth and TSR growth of 10
per cent per annum over the three year vesting period; however,
should a minimum of 5 per cent growth be achieved, 50% of the
Options will vest. Above 5 per cent growth, the number of Options
that will vest will be calculated on a straight line basis between
the minimum 50 per cent and maximum 100 per cent of the
entitlement, whilst no Options will vest if growth is below 5 per
cent for the year.
Details of the directors' resultant holdings of Ordinary Shares
and options over Ordinary Shares are as follows:
Name Total No. of No. of Existing
Options Ordinary Shares
Mathew Bending 320,000 2,102,200
Nancy Cullen 320,000 1,333,000
Gregor Dunlay 320,000 10,000
The total number of options now outstanding over Ordinary Shares
is 1,642,307 representing 8.4 per cent of the Company's existing
issued share capital.
For further information, contact:
SpaceandPeople plc 0845 241 8215
Matthew Bending
Gregor Dunlay
Cantor Fitzgerald Europe 020 7894 7000
David Foreman / Will Goode (Corporate
Finance)
About SpaceandPeople plc:
SpaceandPeople facilitates and manages promotional space for
marketing campaigns and retailing in shopping centres and other
high footfall locations, such as theme parks and railway stations.
SpaceandPeople is at the forefront of developing the concept of
space as an advertising and promotional medium. It offers consumer
brands the opportunity to promote their products through direct
engagement with consumers through a mix of experiential marketing
events and complementary above the line advertising and multimedia
campaigns. SpaceandPeople offers a comprehensive service covering
brokerage, consultancy and venue centric media buying.
SpaceandPeople is independently funded and its shares are admitted
to trading on AIM. The Company acquired Retail Profile, the RMU
specialist, in May 2010 and operates in the UK, Germany, India and
Russia.
www.spaceandpeople.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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