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Grant of Options

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By LSE RNS

RNS Number : 4609S
Redhall Group PLC
02 October 2017
 

                                                                                                                        2 October 2017

 

Redhall Group plc

("Redhall" or the "Company")

 

Grant of award under the Redhall 2007 Discretionary Share Option Plan (the "Plan")

 

The Company announces that on 29 September 2017, the Remuneration Committee of the Board of Redhall (the "Remuneration Committee") granted 2,000,000 options (the "Options") over ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") to Wayne Pearson, an executive director of the Company, in accordance with the terms of the Plan.

 

The Options, which are granted at a price of 9.375 pence (the closing price of an Ordinary Share on 29 September 2017) and are exercisable at a price of 16.2 pence, shall vest on 29 September 2020 subject to the achievement by the Company of performance targets set by the Remuneration Committee and linked to the growth in the price of Ordinary Shares (the "Vesting Conditions").

 

Subject to the achievement of the Vesting Conditions, the Options will be exercisable into Ordinary Shares by Wayne Pearson between 29 September 2020 and 29 September 2027. 

 

The Company publicly discloses the following notifications:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

  

Wayne Pearson

2

 

Reason for the notification

 

a)

 

Position/status

  

Chief Operating Officer

b)

 

Initial notification /Amendment

  

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Redhall Group plc

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 the financial instrument, type of instrument

 

Identification code

 

Award of options over Ordinary Shares

 

 

 GB0001112035

 

b)

 

Nature of the transaction

  

Award made pursuant to the Redhall 2007 Discretionary Share Option Plan

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

nil

2,000,000

 

d)

 

Aggregated information

 

- Aggregated volume

  

- Price

 

 

 

NA

e)

 

Date of the transaction

  

29 September 2017

f)

 

Place of the transaction

  

Outside a trading venue

 

 

 

Contact details:

 

Redhall Group plc

Tel: +44 (0) 1924 385 386

Phil Brierley, Chief Executive

Chris Kelly, Group Finance Director

 

 

 

Buchanan

Tel: +44 (0) 20 7466 5000

Mark Court, Sophie Cowles

 

 

 

GCA Altium, NOMAD

 

Tim Richardson, Simon Lord

Tel: +44 (0) 845 505 4343

 

 

WH Ireland, Broker

 

Adrian Hadden, Ed Allsopp

Tel: +44 (0) 20 7220 1666

 


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