Holders Technology PLC Issue of Options (6723A)
March 28 2017 - 2:02AM
UK Regulatory
TIDMHDT
RNS Number : 6723A
Holders Technology PLC
28 March 2017
28 March 2017
HOLDERS TECHNOLOGY plc
("Holders Technology" or the "Company")
Issue of Options
Holders Technology plc, (AIM: HDT), announces that on 27 March
2017 it granted options to acquire 120,000 ordinary shares of 10
pence each in the Company ("Shares") to Victoria Blaisdell, Group
Managing Director, and options to acquire 100,000 Shares to Paul
Geraghty, Group Finance Director. The options are granted under the
rules of the Key Management Incentive Plan.
The number of Shares that Mrs Blaisdell and Mr Geraghty are
entitled to acquire is determined by reference to the average price
of a Share during the period of 20 dealing days ending with the
third anniversary of the grant of the award (or, in the event of an
earlier change of control of the Company, the price per Share
payable to shareholders to acquire control). If that average share
price is less than 41.25 pence, neither Mrs Blaisdell nor Mr
Geraghty will have any entitlement to acquire any Shares. If the
average share price is 41.25 pence, Mrs Blaisdell and Mr Geraghty
will be entitled to acquire 36,000 Shares and 30,000 Shares
respectively, and that entitlement will increase, on a
straight-line basis, to 120,000 Shares and 100,000 Shares
respectively where the average share price is 100 pence or higher.
The options can be exercised between the third and fourth
anniversary of grant at a price of 10 pence per Share, subject to
the conditions above.
In addition, Thomas Bray, Executive Director, holds options to
acquire 100,000 Shares which were granted before joining the
Holders Technology Board. If the average Share price in a period of
20 dealing days prior to 23 March 2019 is less than 30 pence, Mr
Bray will have no entitlement to acquire any Shares (or, in the
event of an earlier change of control of the Company, the price per
Share payable to shareholders to acquire control will be used). If
the average Share price is 30 pence, Mr Bray will be entitled to
acquire 30,000 Shares, and that entitlement will increase, on a
straight-line basis, to 100,000 Shares where the average share
price is 100 pence or higher. The options can be exercised between
23 March 2019 and 23 March 2020 at a price of 10 pence per Share,
subject to the conditions above.
The above options are the only Share options currently held by
Holders Technology Board members. All other existing share options
held by Holders Technology Board members have been cancelled or
waived.
For further information, contact:
Holders Technology plc 01896 758781
Rudi Weinreich, Executive Chairman
Victoria Blaisdell, Group Managing Director
Paul Geraghty, Group Finance Director
Northland Capital Partners Limited - Nomad & Broker
020 3861 6626
Gerry Beaney, Corporate Finance
Tom Price, Corporate Finance
Rob Rees, Sales and Broking
Website www.holderstechnology.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFFDVFIDFID
(END) Dow Jones Newswires
March 28, 2017 02:02 ET (06:02 GMT)
Holders Technology (LSE:HDT)
Historical Stock Chart
From Apr 2024 to May 2024
Holders Technology (LSE:HDT)
Historical Stock Chart
From May 2023 to May 2024