Business
Issue of Options
Issue of Options.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Dillistone Group Plc\n \n \n (\"Dillistone\", the \"Company\" or the \"Group\")\n \n \n \n Issue of Options\n \n \n \n \n Dillistone Group Plc, the AIM quoted supplier of software and services to recruiters, announces the grant on 16 June 2022 of options over 570,000 Ordinary Shares of 5p each in Dillistone (the \"Options\") to certain of its Directors and other members of staff.\n \n \n Options over 500,000 Ordinary Shares were granted, exercisable within 3 to 10 years but subject to performance conditions, to five Directors under the Company's LTIP scheme with an exercise price of 22.5p per share. Details of the grants to Directors are set out below. The remuneration committee has approved the grant of options and the thresholds which are challenging.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Status\n \n \n \n \n \n \n LTIP option grant at 22.5p\n \n \n \n \n \n \n No. Options held post Grant including Savings Related Share Options\n \n \n \n \n \n \n Current Shareholding\nin Company\n \n \n \n \n \n \n \n \n Jason Starr\n \n \n \n \n \n Director\n \n \n \n \n 100,000\n \n \n \n \n 150,000\n \n \n \n \n 3,577,591\n \n \n \n \n \n \n \n Simon Warburton\n \n \n \n \n \n Director\n \n \n \n \n 100,000\n \n \n \n \n 166,250\n \n \n \n \n 77,290\n \n \n \n \n \n \n \n Paul Mather\n \n \n \n \n \n Director\n \n \n \n \n 100,000\n \n \n \n \n 217,500*\n \n \n \n \n 82,177\n \n \n \n \n \n \n \n Steve Hammond\n \n \n \n \n \n Director\n \n \n \n \n 100,000\n \n \n \n \n 191,250\n \n \n \n \n 0\n \n \n \n \n \n \n \n Ian Mackin\n \n \n \n \n \n Director\n \n \n \n \n 100,000\n \n \n \n \n 131,250\n \n \n \n \n 0\n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n \n \n \n \n \n \n \n 500,000\n \n \n \n \n \n \n 856,250\n \n \n \n \n \n \n 3,737,058\n \n \n \n \n \n \n \n * Paul Mather's interest includes options over 51,250 shares granted to his spouse as an employee.\n \n \n In addition, options over 70,000 Ordinary Shares with an exercise price of 22.5p per share were granted, exercisable within 3 to 10 years but without performance conditions, to other members of staff.\n \n \n Following this grant, the Company has 1,819,725 Ordinary Shares under option, representing 9.25% of the current issued share capital of the Company.\n \n \n \n Commenting on the grant, Giles Fearnley, Non Executive C...