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Company Announcements

Grant of Share Options

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RNS Number : 4646S
RTC Group PLC
17 March 2016
 

RTC Group plc

("RTC", the "Company" or the "Group")

 

Grant of Share Options

 

 

RTC announces the grant of share options ("Options") over a total of 402,500 existing ordinary shares of one penny each in the Company ("Ordinary Shares") to members of the Group's Board. 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") on 17 March 2016 as follows:

 

 

Name

Position

No. of Options granted

Total no. of Options now held

% of issued share capital






B Douie

A Pendlebury

Executive Chairman

Group Chief Executive Officer

50,000

225,000

153,572

458,572

1.07%

3.20%

S Dye

Group Finance Director

127,500

410,358

2.86%



402,500

1,022,502

7.13%

 

The exercise of the Options is subject to the achievement of the performance conditions set out within the LTIP.

 

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 16 March 2016, is 80p.  Subject to the achievement of performance conditions as indicated above, the options can be exercised at any time from 17 March 2019 to 17 March 2026. 

 

 

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)

Katy Mitchell / 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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