finnCap Group PLC Option Surrenders and Grants (4932I)
April 02 2020 - 2:00AM
UK Regulatory
TIDMFCAP
RNS Number : 4932I
finnCap Group PLC
02 April 2020
2 April 2020
finnCap Group plc
("finnCap" or the "Group")
Option Surrenders and Grants
finnCap today announces the surrender and grant of certain
options, as set out further below, which are separate to those
announced in the trading update yesterday.
finnCap's lease of new premises in 1 Bartholomew Close commences
today, 2 April. Following the commencement of the lease the Group
no longer qualifies to grant EMI options. The Board therefore
considered whether to make any further final grants of EMI options
prior to 2 April.
As approved by the Board, on 1 April, holders of options
pursuant to the finnCap Unapproved Plan surrendered options over a
total of 3,150,000 shares and finnCap granted options over an
equivalent number of shares pursuant to the finnCap EMI Plan. This
means that the total number of options granted by the Group remains
the same and there will be no additional dilution for
shareholders.
Stuart Andrews, an executive director of finnCap, has
surrendered options over 300,000 shares and been granted options
over the same number on equivalent terms. Further details on this
are included in the notification below, made in accordance with the
requirements of the EU Market Abuse Regulation.
Contacts
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
investor.relations@finncap.com
Tom Hayward, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Tim Redfern
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stuart Andrews
------------------------------------- ------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status Director - Managing Director, finnCap
------------------------------------- ------------------------------------------------
b) Initial notification Initial
/Amendment
------------------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name finnCap Group plc
------------------------------------- ------------------------------------------------
b) LEI 213800DLRUJW6JVNS533
------------------------------------- ------------------------------------------------
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
financial instrument,
type of instrument
Identification code GB00BGKPX309
b) Nature of the transaction Option surrender under finnCap Unapproved
Plan
------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
---------------------- ---------------------
Price(s) Volume(s)
---------------------- ---------------------
Nil 300,000
----------------------------------------------------------------- ---------------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 1 April 2020
------------------------------------- ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stuart Andrews
------------------------------------- --------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Director - Managing Director, finnCap
------------------------------------- --------------------------------------------
b) Initial notification Initial
/Amendment
------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name finnCap Group plc
------------------------------------- --------------------------------------------
b) LEI 213800DLRUJW6JVNS533
------------------------------------- --------------------------------------------
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
financial instrument,
type of instrument
Identification code GB00BGKPX309
b) Nature of the transaction Grant of options under finnCap EMI
Plan
------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
Nil 300,000
--------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 1 April 2020
------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- --------------------------------------------
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END
DSHDFLFBBZLBBBQ
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