Coral Products PLC Grant of Options (5335A)

TIDMCRU

RNS Number : 5335A

Coral Products PLC

30 May 2019

CORAL PRODUCTS PLC

("Coral" or the "Group")

Grant of Options

Coral Products plc, a specialist in the design, manufacture and supply of plastic products, announces that Lenka Gaborova, a PDMR of the Company and Financial Controller of Tatra Rotalac Ltd, one of the Company's wholly owned subsidiary, has been granted 100,000 options ("EMI Options") over ordinary shares of 1 pence each in the share capital of the Company under the 2014 EMI Share Option Scheme.

The EMI Options have an exercise price 16 pence per ordinary share and are exercisable between the second and tenth anniversary of the signing of the EMI Options agreement, being 29 May 2019, after which they will lapse.

Prior to the grant of the EMI Options, Lenka Gaborova held no options nor ordinary shares in the Company.

This announcement contains inside information for the purpose of Article 7 of the EU Regulation 596/2014 and has been arranged for release by Sharon Gramauskas, Finance Director of the Company.

For further information please contact:

Enquiries

 
 Coral Products plc                                                     Tel: 01942 272 
  Joe Grimmond, Non-Executive Chairman                                   882 
  Mick Wood, CEO 
 Nominated Adviser and Broker 
  Cairn Financial Advisers LLP                                            Tel: 020 7213 
  Tony Rawlinson / Liam Murray                                            0880 
 Capital Markets Consultants Limited                                    Tel: 07515 587 
  Richard Pearson                                                        184 
 
  Notification of a Transaction pursuant to Article 19(1) of Regulation 
   (EU) No. 596/2014 
  1     Details of the person discharging managerial responsibilities/person 
         closely associated 
       ---------------------------------------------------------------------------------------- 
  a.    Name                         Lenka Gaborova 
       ---------------------------  ----------------------------------------------------------- 
  2     Reason for notification 
       ---------------------------  ----------------------------------------------------------- 
  a.    Position/Status              PDMR of the Company, Financial Controller 
                                      of Tatra Rotalac Ltd 
       ---------------------------  ----------------------------------------------------------- 
  b.    Initial notification/        Initial 
         Amendment 
       ---------------------------  ----------------------------------------------------------- 
  3     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------------------- 
  a.    Name                         Coral Products plc 
       ---------------------------  ----------------------------------------------------------- 
  b.    LEI                          213800M2XLY2QGBMUN82 
       ---------------------------  ----------------------------------------------------------- 
  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               Options over ordinary shares of 1 penny 
         the financial                each 
         instrument, type 
         of instrument                ISIN: GB0002235736 
 
         Identification 
         Code 
       ---------------------------  ----------------------------------------------------------- 
  b.    Nature of the                Grant of share options 
         transaction 
       ---------------------------  ----------------------------------------------------------- 
 
  c.    Price(s) and volume(s)            Price(s) per   Volume(s) 
                                           share 
       ---------------------------       ------------- 
                                          16p            100,000 
                                         -------------  ------------- 
 
  d.    Aggregated information 
 
         - Aggregated Volume           As above 
 
         - Price                       As above 
       ---------------------------  ----------------------------------------------------------- 
  e.    Date of the transaction      29 May 2019 
       ---------------------------  ----------------------------------------------------------- 
  f.    Place of the transaction     UK 
       ---------------------------  -----------------------------------------------------------

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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