Fletcher King PLC Grant of Share Options (0376O)
05 Outubro 2021 - 4:01AM
UK Regulatory
TIDMFLK
RNS Number : 0376O
Fletcher King PLC
05 October 2021
5 October 2021
Fletcher King plc
("Fletcher King" or "the Company")
Grant of Share Options
The Board of Fletcher King PLC (AIM: FLK) announces that,
further to the announcement of 19 October 2016 regarding the
introduction of a new Enterprise Management Incentive plan and the
announcement of 28 April 2020 regarding the surrender of options,
the remuneration committee has today awarded a total of 920,000
options over ordinary shares of 10 pence each in the Company
("Ordinary Shares") to certain Directors, PDMRs and employees (the
"Options"). The Options were granted under the rules of the
Company's EMI scheme.
The Options are exercisable at the closing mid-market price of
Ordinary Shares ("Market Value") as at 4 October 2021, being 50
pence per Ordinary Share (the "Exercise Price").
The Options are ordinarily exercisable after a minimum period of
five years and conditional on the Market Value of an Ordinary Share
at the exercise date having been, for the immediately preceding
period of 30 trading days, at least 20% higher than the Market
Value of a Share at the date of grant. The Options expire on the
tenth anniversary of grant if not exercised.
The Directors and PDMRs who have been awarded Options are as
follows:
Name Position/PDMR Number of Options
granted
Robert Dickman Executive Director 250,000
-------------------- ------------------
Paul Andrews Managing Director 250,000
-------------------- ------------------
Peter Bailey Finance Director 200,000
-------------------- ------------------
Paul Morris PDMR 100,000
-------------------- ------------------
In aggregate, the 800,000 Options granted to the Directors and
PDMRs represent approximately 8.69 per cent. of the current issued
share capital of the Company.
In addition, a further 120,000 Options were awarded to certain
employees of the Company, on the same terms as above.
Following the grant of the Options, the total number of Ordinary
Shares outstanding under option arrangements is 920,000
representing approximately 9.99 per cent. of the Company's issued
share capital.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
Enquiries
Fletcher King plc
David Fletcher / Peter Bailey
Tel: 0207 493 8400
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Tel: 020 7213 0880
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person
closely associated
Name a) Robert Dickman
b) Paul Andrews
c) Peter Bailey
d) Paul Morris
------------------------------------------------------
Reason for notification
------------------------------------------------------
Position/Status a) Executive Director
b) Managing Director
c) Finance Director
d) Director of subsidiary company
------------------------------------------------------
Initial notification/ Initial
Amendment
------------------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Fletcher King plc
------------------------------------------------------
LEI 21380047ETCYL7UA8W49
------------------------------------------------------
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
Description of Options over ordinary shares of 10p each
the financial
instrument, type
of instrument GB0003425310
Identification
Code
------------------------------------------------------
Nature of the Grant of Options to subscribe for ordinary
transaction shares
------------------------------------------------------
Price(s) and Price(s) Volume(s)
volume(s)
a) 50p a) 250,000
b) 50p b) 250,000
c) 50p c) 200,000
d) 50p d) 100,000
---------- ------------
Aggregated information
- Aggregated
Volume
800,000
- Price 50p
------------------------------------------------------
Date of the transaction 5 October 2021
------------------------------------------------------
Place of the UK
transaction
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END
DSHEAXESEEEFFEA
(END) Dow Jones Newswires
October 05, 2021 03:01 ET (07:01 GMT)
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