Business
Grant of Share Options
Grant of Share Options.
About this update from Castings Public Limited Company
[{"type":"text","content":"\n\nCastings plc (the \"Company\")\nGrant of Share Options and Notification of Transactions by Persons Discharging Managerial Responsibilities (\"PDMRs\")\nCastings plc (\"the Group\"), announces that the board has today made a grant of nominal value share options over 37,620 ordinary shares in the Group (\"Options\") pursuant to the Castings 2020 Restricted Share Plan as follows:\n \n· A Vicary - 21,779 Options\n \n· S J Mant - 15,841 Options\n \nThe awards vest after three years 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. The Option holder shall be entitled to receive an amount (in cash or shares) equal to any dividend which would have been paid on the Option shares during the holding period.\n \nIf all of the Options were exercised in full, this would represent approximately 0.09% of the Group's issued share capital.\n \nThe 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\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\n1. Adam Vicary\n \n2. Steven Mant\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\n1. Chief Executive Office\n \n2. Group Finance Director\n\n\n\n\nb)\n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3\n \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\nCastings plc\n\n\n\n\nb)\n\n\nLEI\n\n\n2138004LKVACAUE94W70\n\n\n\n\n4\n \n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial\ninstrument, type of instrument\nIdentification code\n\n\nOrdinary shares of 10 pence each &nbs...