Bonmarche Holdings PLC Grant of Options under the Bonmarch TIP (3496M)
July 27 2017 - 11:37AM
UK Regulatory
TIDMBON
RNS Number : 3496M
Bonmarche Holdings PLC
27 July 2017
27 July 2017
Bonmarché Holdings plc
("Bonmarché" or the "Company")
Grant of Options under the Bonmarché Long Term Incentive Plan
("LTIP")
Bonmarché, one of the UK's largest women's value retailers,
announces that, nil-cost options over the Company's ordinary shares
of 1.0 pence each ("Ordinary Shares") were granted today to the
following Directors of the Company:
Director Ordinary Shares
over which options
have been granted
------------------- --------------------
Helen Connolly 171,821
------------------- --------------------
Stephen Alldridge 116,838
------------------- --------------------
The options granted have a vesting period of three years, may be
exercised up to the tenth anniversary of grant, and have no
exercise price. Performance conditions apply such that 75% of the
award has targets based on EPS performance over three years; and
25% of the awards have targets based on TSR performance over three
years. The awards have been granted in the form of tax qualifying
LTIP awards and consist of the nil-cost options referred to above
and, for each Director set out above, a separate tax qualifying
option over 34,364 Ordinary Shares with an exercise price of
GBP0.873 per Ordinary Share. Each tax qualifying option is subject
to the same performance conditions and vesting period as apply to
the nil-cost options. On the exercise of the nil-cost option and
the tax qualifying option, the extent to which the nil-cost option
is capable of exercise shall be reduced to take account of the gain
made on the exercise of the tax qualifying option to ensure that
the pre-tax value delivered to the director is not increased by the
grant of the tax qualifying option.
Enquiries:
Bonmarché Holdings c/o FTI +44 (0)20 3727
plc 1000
Stephen Alldridge, Finance
Director
Caroline Farbridge, Company
Secretary
FTI Consulting - Communications
adviser
Jonathon Brill
Georgina Goodhew +44 (0)20 3727 1000
1 Details of the person discharging managerial
responsibilities / person closely associated
--------------------------------- ------------------------------------------------------------------------
a) Name Helen Connolly
--------------------------------- ----------------------------------- -----------------------------------
2 Reason for notification
--------------------------------- ------------------------------------------------------------------------
a) Position / status Chief Executive Officer
--------------------------------- ----------------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--------------------------------- ------------------------------------------------------------------------
a) Name Bonmarché Holdings plc
--------------------------------- ----------------------------------- -----------------------------------
b) LEI 213380022WC23QGTTAF58
--------------------------------- ----------------------------------- -----------------------------------
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 financial Ordinary shares of 1 pence
instrument, type of instrument. each
Identification code
GB00BF8H6F45
--------------------------------- ----------------------------------- -----------------------------------
b) Nature of the transaction Grant of Options under the
Bonmarché Long Term Incentive
Plan
--------------------------------- ----------------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
--------- -------------------
Nil Nil-cost option
over 171,821
Ordinary Shares
--------- -------------------
Nil Option over
34,364 Ordinary
Shares exercisable
for GBP0.873
per Ordinary
Share
--------- -------------------
--------------------------------- ----------------------------------- -----------------------------------
d) Aggregated information
* Aggregated volume 206,185
Nil
* Price
--------------------------------- ----------------------------------- -----------------------------------
e) Date of the transaction 27 July 2017
--------------------------------- ----------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ----------------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------
a) Name Stephen Alldridge
---- --------------------------------- ------------------------------------
2 Reason for notification
---- -----------------------------------------------------------------------
a) Position / status 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 Bonmarché Holdings plc
---- --------------------------------- ------------------------------------
b) LEI 213380022WC23QGTTAF58
---- --------------------------------- ------------------------------------
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 financial Ordinary shares of 1 pence
instrument, type of instrument. each
Identification code
GB00BF8H6F45
---- --------------------------------- ------------------------------------
b) Nature of the transaction Grant of Options under the
Bonmarché Long Term Incentive
Plan
---- --------------------------------- ------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
--------- -------------------
Nil Nil-cost option
over 116,838
Ordinary Shares
--------- -------------------
Nil Option over
34,364 Ordinary
Shares exercisable
for GBP0.873
per Ordinary
Share
--------- -------------------
---- --------------------------------- ------------------------------------
d) Aggregated information
* Aggregated volume 151,202
Nil
* Price
---- --------------------------------- ------------------------------------
e) Date of the transaction 27 July 2017
---- --------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
---- --------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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