Fletcher King PLC Grant of Share Options (6547R)
March 01 2019 - 11:10AM
UK Regulatory
TIDMFLK
RNS Number : 6547R
Fletcher King PLC
01 March 2019
FLETCHER KING PLC
GRANT OF SHARE OPTIONS
Fletcher King plc (the "Company") announces that, further to the
announcement of 19 October 2016 regarding the introduction of a new
Enterprise Management Incentive plan, the remuneration committee
has today awarded a total of 640,000 options over ordinary shares
of 10 pence each in the Company ("Ordinary Shares") to certain
Directors and employees (the "Options"). These Options were granted
under the rules of the Company's EMI scheme.
The Options are exercisable at the closing mid-market price of
Ordinary Shares ("Market Value") as at 28 February 2019, being 46
pence per Ordinary Share (the "Exercise Price").
The Options are ordinarily exercisable after a minimum period of
five years and conditional on the Market Value of an Ordinary Share
at the exercise date having been, for the immediately preceding
period of 30 trading days, at least 20% higher than the Market
Value of a Share at the date of grant. The Options expire on the
tenth anniversary of grant if not exercised.
The Directors who have been awarded Options are as follows:
Director Position Number of Options
granted
Richard Goode Managing Director 100,000
Robert Dickman Executive Director 150,000
Paul Andrews Executive Director 150,000
In aggregate, the 400,000 Options granted to the Directors
represent approximately 4.34 per cent. of the current issued share
capital of the Company.
In addition, a further 240,000 Options were awarded to certain
employees of the Company, on the same terms as above.
Following the grant of the Options, the total number of Ordinary
Shares outstanding under option arrangements is 1,240,000,
representing approximately 13.46 per cent. of the Company's issued
share capital.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries
Fletcher King plc
David Fletcher
Tel: 0207 493 8400
Cairn Financial Advisers LLP
James Caithie / Tony Rawlinson
Tel: 020 7213 0880
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person
closely associated
Name Richard Goode
---------------------------------------------------
Reason for notification
---------------------------------------------------
Position/Status Director
---------------------------------------------------
Initial notification/ Initial
Amendment
---------------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Fletcher King plc
---------------------------------------------------
LEI 21380047ETCYL7UA8W49
---------------------------------------------------
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
Description of Options over ordinary shares of 10p each
the financial
instrument, type
of instrument
GB0003425310
Identification
Code
---------------------------------------------------
Nature of the Grant of Options to subscribe for ordinary
transaction shares
---------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of 46p per
share 100,000
----------------------------------------------------------------- ----------------
Aggregated information
N/A
- Aggregated Volume
- Price
---------------------------------------------------
Date of the transaction 1 March 2019
---------------------------------------------------
Place of the transaction UK
---------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person
closely associated
Name Robert Dickman
---------------------------------------------------
Reason for notification
---------------------------------------------------
Position/Status Director
---------------------------------------------------
Initial notification/ Initial
Amendment
---------------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Fletcher King plc
---------------------------------------------------
LEI 21380047ETCYL7UA8W49
---------------------------------------------------
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
Description of Options over ordinary shares of 10p each
the financial
instrument, type
of instrument
GB0003425310
Identification
Code
---------------------------------------------------
Nature of the Grant of Options to subscribe for ordinary
transaction shares
---------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of 46p per
share 150,000
----------------------------------------------------------------- ----------------
Aggregated information
N/A
- Aggregated Volume
- Price
---------------------------------------------------
Date of the transaction 1 March 2019
---------------------------------------------------
Place of the transaction UK
---------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person
closely associated
Name Paul Andrews
---------------------------------------------------
Reason for notification
---------------------------------------------------
Position/Status Director
---------------------------------------------------
Initial notification/ Initial
Amendment
---------------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Fletcher King plc
---------------------------------------------------
LEI 21380047ETCYL7UA8W49
---------------------------------------------------
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
Description of Options over ordinary shares of 10p each
the financial
instrument, type
of instrument
GB0003425310
Identification
Code
---------------------------------------------------
Nature of the Grant of Options to subscribe for ordinary
transaction shares
---------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of 46p per
share 150,000
----------------------------------------------------------------- ----------------
Aggregated information
N/A
- Aggregated Volume
- Price
---------------------------------------------------
Date of the transaction 1 March 2019
---------------------------------------------------
Place of the transaction UK
---------------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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