Business
Issue of Options
Issue of Options.
About this update from Billington Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5970X Billington Holdings PLC 30 April 2019 \n\n30 April 2019\nBillington Holdings Plc\n(\"the Company\" or \"Billington\")\nIssue of Options\nDirector Dealings\n \nThe Company confirms today that, as part of its incentive programme for its Executive Directors, it has today granted options as set out below:\n \nMark Smith\n \nThe Company today has granted to Mark Smith an option pursuant to the rules of the Non Tax Advantaged Plan to acquire 4,689 of Ordinary Shares of £0.10 each in the Company at an exercise price of £nil per share (\"Non-RTAP Options\").\n \nFollowing this grant, Mark Smith remains directly interested in 5,000 Ordinary Shares representing 0.039% of the Company and now holds total options over 46,542 Ordinary Shares in the Company.\n \nTrevor Michael Taylor\n \nThe Company has today granted to Trevor Michael Taylor an option pursuant to the rules of the Non Tax Advantaged Plan to acquire 3,696 of Ordinary Shares of £0.10 each in the Company at an exercise price of nil per share (\"Non-RTAP Options\").\n \nFollowing this grant, Trevor Michael Taylor is directly interested in 6,000 Ordinary Shares representing 0.046% of the Company and now holds total options over 44,078 Ordinary Shares in the Company.\n \nThe Non-RTAP Options can be exercised at any time between the third anniversary and the tenth anniversary of the date of grant of the Option, subject to the relevant employee remaining employed in the Company and otherwise at the discretion of the Board.\n \nIt is currently intended that the exercise of these options will be satisfied by the issue of shares from the Billington Employee Share Option Trust.\n \nThe following notifications, made in accordance with the requirements of the E U Market Abuse Regulation, gives further details.\n \n \n \n \n\n\n\n\n1 \n\n\nDetails of the person discharging managerial responsibilities/person closely associated \n\n\n\n\na)\n\n\nName\n\n\nMark Smith\n\n\n\n\n2 \n\n\nReason for the notification \n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive Officer\n\n\n\n\nb)\n\n\nInitial notification/ Amendment\n\n\nInitial Notification\n\n\n\n\n3 \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor \n\n\n\n\na)\n\n\nName\n\n...