Business
Grant of Options
Grant of Options.
About this update from Btg Consulting Plc
[{"type":"text","content":"\n \nRNS Number : 4030N Begbies Traynor Group PLC 25 July 2014 \n \n\n25 July 2014\n \nBegbies Traynor Group plc\nGrant of Options\nBegbies Traynor Group plc (\"the Group\"), announces that the Board has today made a grant of share options under the Group's Share Option Scheme 2013 to one of its executive directors, Nick Taylor, who has been granted options over 250,000 ordinary 5 pence shares in the Group (\"Ordinary Shares\") at the option price of 51.00 pence. In addition to this award, the Group has also granted options under the same scheme to John Humphrey, the Group's Company Secretary, over 125,000 Ordinary Shares at the option price of 51.00 pence.\n \nHalf of the total awards granted to each individual vest immediately but may only be exercised after three years provided that the individual remains with the Group. The other half of the total awards made to each individual only vest if certain performance hurdles are achieved, at which point the balance of the awards may be exercised. This requires both an overall increase in adjusted earnings per share of RPI plus 2.5% over a consecutive three year period and the level of total shareholder return equalling or exceeding the median of the combined FTSE AIM Financial Services and FTSE AIM Industrial Goods & Services indexes over the same period.\n \nThe options detailed above, if exercised in full, will represent approximately 0.41% of the Group's issued share capital.\n \n- ENDS -\n \nEnquiries please contact:\n \nBegbies Traynor Group PLC 0161 837 1700\nRic Traynor - Executive Chairman\nNick Taylor - Group Finance Director\n \nCanaccord Genuity Limited ...