FIH Group PLC PDMR Dealing & Rule 2.9 (0139A)
March 21 2017 - 3:02AM
UK Regulatory
TIDMFIH
RNS Number : 0139A
FIH Group PLC
21 March 2017
21 March 2017
FIH group plc
("FIH", "the Company" or "the Group")
PDMR Dealing & Rule 2.9
PDMR Dealing
FIH announces that it received notice on 20 March 2017 that Mr G
McManus, a director of the Falkland Islands Company Limited (a
subsidiary of FIH), had exercised an option (the "Option") over
14,761 ordinary shares of 10 pence each in the Company ("Shares")
which had been granted under the Company's Executive Share Option
Scheme (the "Option Scheme") in June and December 2011.
5,416 Options were granted on 27 June 2011 at an exercise price
of 302.5 pence per Share and 9,345 Options were granted on 16
December 2011 at an exercise price of 267.5 pence per Share,
meaning the aggregate total Option exercise value was GBP41,381.28.
However, in accordance with the rules of the Option Scheme to
effectively allow a cashless exercise, 13,364 of the Options were
cancelled and the intrinsic value of the cancelled part of the
Option was offset against the exercise price payable.
As a result of the exercise of the Option and the subsequent
cancellation of Options detailed above, 1,397 Shares were issued to
Mr McManus on 20 March 2017, which he immediately sold for 320p per
Share. These 1,397 Shares are expected to be admitted to trading on
AIM on 22 March 2017.
Mr G McManus is classified as a Person Discharging Managerial
Responsibility for the purposes of Market Abuse Regulations.
Rule 2.9
Following admission of the new Shares to trading on AIM, in
accordance with Rule 2.9 of the Takeover Code, FIH confirms that,
as at 22 March 2017, it will have 12,434,418 ordinary shares of 10
pence each in issue and admitted to trading on AIM under the ISIN
reference GB00BD0CWJ91. The Company holds no shares in
treasury.
Enquiries:
FIH Group plc Tel: +44 (0) 1279 461
630
John Foster
WH Ireland Limited Tel: +44 (0) 20 7220
1666
Joint Financial Adviser
and Nominated Adviser to
FIH
Adrian Hadden
Nick Prowting
Strand Hanson Limited Tel: +44 (0) 20 7409
3494
Joint Financial Adviser
to FIH
Simon Raggett
Stuart Faulkner
Matthew Chandler
FTI Consulting Tel: +44 (0) 20 3727
1000
Communications adviser to
FIH
Edward Westropp
Eleanor Purdon
ANNEX
Template for 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 Mr G McManus
--- ------------------------- ------------------------------------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------------------------------
a) Position/status Finance Director of Falkland
Islands Company Limited (a
subsidiary of FIH)
--- ------------------------- ------------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ------------------------------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------------------------------
a) Name FIH group plc
--- ------------------------- ------------------------------------------------------------------
b) LEI 2138004AXCMSNLBSNB42
--- ------------------------- ------------------------------------------------------------------
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 10 pence ordinary
the financial shares
instrument, type
of instrument GB00BD0CWJ91
Identification
code
--- ------------------------- ------------------------------------------------------------------
b) Nature of the Exercise of Options and sale
transaction of shares
--- ------------------------- ------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
320 pence 1,397
----------- ----------
--- ------------------------- ------------------------------------------------------------------
d) Aggregated information
- Aggregated volume 1,562 shares
- Price
* 1,397 shares sold for 320 pence per share
* 62 partnership shares, and 21 matching shares
purchased through the Company's Share Incentive Plan
at 245.00 pence
* 62 partnership shares, and 20 matching shares
purchased through the Company's Share Incentive Plan
at 239.51 pence
--- ------------------------- ------------------------------------------------------------------
e) Date of the transaction 20 March 2017
--- ------------------------- ------------------------------------------------------------------
f) Place of the transaction AIM market on the London
Stock Exchange
--- ------------------------- ------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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