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Grant of Share Options

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RNS Number : 9883N
RTC Group PLC
22 May 2015
 



RTC Group plc

("RTC" or the "Group")

 

Grant of Share Options

 

 

RTC announces the grant of share options over a total of 560,002 existing ordinary shares of one penny each in the Company ("Ordinary Shares") to members of the Group Board and to key management personnel throughout the Group ("Options"). The Ordinary Shares over which the Options have been granted are held in the Group's Employee Benefit Trust. The Options were granted under the Company's Long-Term Incentive Plan ("LTIP") and EMI 2001 Share Option Scheme ("EMI Scheme") on 22 May 2015 as follows:

 

 

Name

Position

No. of Options granted

Total no. of Options now held

% of issued share capital






B Douie¹

A Pendlebury¹

Executive Chairman

Group Chief Executive Officer

28,572

128,572

103,572

233,572

0.7%

1.6%

S Dye¹

Group Finance Director

112,858

282,858

2.0%

Group wide²

Key management personnel

290,000

1,140,000

8.0%



560,002

1,760,002

12.3%

 

¹ the exercise of certain of these options is subject to the achievement of certain performance conditions set out within the LTIP

² the exercise of certain of these options is subject to the achievement of certain performance conditions

 

The exercise price of the Options is nil pence per share. The market price at date of grant, which equates to the closing middle market price of an Ordinary Share as at the close of business on 21 May 2015, is 70p.  Subject to the achievement of performance conditions in certain cases as indicated above, the options can be exercised at any time from 22 May 2018 to 22 May 2025. 

 

There are now a total of 1,200,000 Options over new Ordinary Shares outstanding, representing approximately 8.4% of the Company's current issued share capital and a total of 560,002 options over existing shares in the Group's Employee Benefit Trust. Options over 115,579 existing shares in the Group's Employee Benefit Trust and a further 123,725 new shares have been reserved for future grants under the Group's LTIP and for future key employees.

 

ENDS

 

 

Enquiries:

RTC Group plc

Bill Douie, Executive Chairman

Andy Pendlebury, CEO

Sarah Dye, Group Finance Director

 

 

Tel:  01332 861 844

Tel:  07766 505 402

 

WH Ireland (Nominated Adviser and Broker)

Andrew Kitchingman / Liam Gribben

 

Tel:  0113 394 6600

About RTC

RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.

ATA is one of the UK's leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.

Ganymede is focussed on the supply and operation of blue collar contingent labour into safety critical markets.

Global Staffing Solutions predominantly provides managed service solutions for international clients.

www.rtcgroupplc.co.uk

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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