Business
Grant of Share Options
Grant of Share Options.
About this update from Btg Consulting Plc
[{"type":"text","content":"\n \n \n RNS Number : 5502T\n Begbies Traynor Group PLC\n 21 July 2020\n \n \n \n \n \n \n21 July 2020\n \n \n \n \n \n Begbies Traynor Group plc\n \n \n \n \n \n Grant of Share Options and Notification of Transactions of persons discharging managerial responsibilities (\"PDMRs\")\n \n \n \n \n \n \n \n \n Begbies Traynor Group plc (\"the Group\"), announces that the board\n \n has today made a grant of nominal value share options over 4,275,000 ordinary shares in the Group (\"Options\") pursuant to the \n Group's Share Option Scheme 2013. The awards vest after three years conditional on meeting financial performance measures and are conditional on the option holder remaining with the Group during the performance period. Following the exercise of the Options there is an additional two-year holding period for the shares. \n \n \n \n \n \n The allocation includes awards to two of the Group's executive directors who are classified as PDMRs, Mark Fry and Nick Taylor, who have each been granted 250,000 Options with the following performance conditions: One third of these Options will vest in the event that the level of total shareholder return over the three year performance period equals or exceeds the median position of the FTSE AIM All Share Index over the same period. The remaining two thirds of these Options will be assessed with reference to compound annual growth in adjusted diluted earnings per share (\"EPS Growth\") when measured over the same three year performance period, with one third of the award vesting if 5% EPS Growth is achieved and the balance of the award vesting proportionately between 5-20% EPS Growth. \n \n \n \n \n \n The remaining options over 3,775,000 ordinary shares have been granted to members of the Group's business recovery and financial advisory partner group and senior Group employees. These options have similar stretching financial performance measures.\n \n \n \n \n \n If all of the Options were exercised in full, this would represent approximately 3.3% of the Group's issued share capital.\n \n \n \n \n \n The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n \n ...