Swallowfield PLC Board Appointment & Grant of share options (8742R)
June 19 2018 - 6:43AM
UK Regulatory
TIDMSWL
RNS Number : 8742R
Swallowfield PLC
19 June 2018
Swallowfield plc
("Swallowfield" or "the Company")
Board Appointment
& Grant of share options
Swallowfield plc, a market leader in the development,
formulation, and supply of personal care and beauty products,
including its own portfolio of brands refers to its announcement on
27 February 2018 and confirms that Tim Perman will be appointed to
the board of Swallowfield as Chief Executive Officer with effect
from 1 July 2018. As announced at that time, Tim will replace Chris
How who will step down from the board on 1 July 2018.
Pursuant to the rules of the Swallowfield plc 2009 Long Term
Incentive Plan ("LTIP"), the Company has granted options to certain
directors and employees to subscribe for up to 212,190 ordinary
shares of 5p each (the "Options") as follows:
Director/Employee Number of new Total Number % of issued share
Options granted of Options now capital represented
held by Options now
held
Tim Perman 77,160 77,160 0.45%
Jane Fletcher 77,160 99,877 0.58%
Matthew Gazzard 57,870 57,870 0.34%
212,190 234,907 1.37%
All of the 212,190 new Options granted under the LTIP have
performance conditions attached to them linked to earning per share
targets. The award for Jane Fletcher represents a 24-month period
and for Matthew Gazzard an 18-month period in the absence of an
award being made to those individuals for the trading year 2018. In
relation to Tim Perman the award represents a 12-month period. To
the extent that the performance conditions are met at the end of
the three-year performance cycle, then the Options can be exercised
at a price of GBP0.05 per Option. They are exercisable, to the
extent vested and subject to meeting the performance criteria, for
a period of 10 years from the date of grant.
Following the grant of the Options the total number of ordinary
shares subject to options and which could, in the future, be issued
is 535,000. This represents 3.12% of the current issued share
capital of the Company which comprises 17,135,542 Ordinary
Shares.
For further information, please contact:
Swallowfield plc
-------------------------- ---------------
Chris How Chief Executive Officer 01823 662 241
-------------------------- ---------------
Matthew Gazzard Group Finance Director 01823 662 241
-------------------------- ---------------
Mark Taylor/ Jen Boorer N+1 Singer 0207 496 3000
-------------------------- ---------------
Josh Royston / Hilary
Buchanan Alma PR 07780 901979
-------------------------- ---------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tim Perman
------------------------------ -----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status CEO Designate
------------------------------ -----------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Swallowfield plc
------------------------------ -----------------------------------
b) LEI 213800BSD8D9QEUKCE17
------------------------------ -----------------------------------
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 each
financial instrument,
type of instrument
GB0008667304
Identification code
------------------------------ -----------------------------------
b) Nature of the transaction Grant of options
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of GBP0.05 per
Option 77,160
----------
------------------------------ -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------ -----------------------------------
e) Date of the transaction 18(th) June 2018
------------------------------ -----------------------------------
f) Place of the transaction London Stock Exchange
------------------------------ -----------------------------------
c Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jane Fletcher
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Group Sales And Marketing Director
---------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Swallowfield plc
---------------------------- -------------------------------------
b) LEI 213800BSD8D9QEUKCE17
---------------------------- -------------------------------------
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 each
financial instrument,
type of instrument
GB0008667304
Identification code
---------------------------- -------------------------------------
b) Nature of the transaction Grant of options
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of GBP0.05 per
Option 77,160
----------
---------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---------------------------- -------------------------------------
e) Date of the transaction 18(th) June 2018
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange
---------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Gazzard
------------------------------ -----------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Group Finance Director
------------------------------ -----------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Swallowfield plc
------------------------------ -----------------------------------
b) LEI 213800BSD8D9QEUKCE17
------------------------------ -----------------------------------
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 each
financial instrument,
type of instrument
GB0008667304
Identification code
------------------------------ -----------------------------------
b) Nature of the transaction Grant of options
------------------------------ -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of GBP0.05 per
Option 57,870
----------
------------------------------ -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------ -----------------------------------
e) Date of the transaction 18(th) June 2018
------------------------------ -----------------------------------
f) Place of the transaction London Stock Exchange
------------------------------ -----------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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