Business
Director/PDMR Dealing, exercise & grant of options
Director/PDMR Dealing, exercise & grant of options.
About this update from Fih Group Plc
[{"type":"text","content":"\n \nRNS Number : 4829C FIH Group PLC 17 June 2019 \n\n17 June 2019\n \nFIH group plc\n(\"FIH\" or \"the Company\")\n \nDirector/PDMR Dealing, exercise and grant of nil cost options\n \nFIH group plc, the AIM quoted international group which owns essential services businesses focused on retail, transport and logistics announces that today, Mr. John Foster, the Chief Executive, exercised nil cost options (\"Options\") to acquire 8,040 shares in FIH, under the terms of the Company's Long Term Incentive Plan. 7,664 of these shares will be transferred from the Employee Share Ownership Plan, and 376 have been issued as new share capital (the \"New Shares\").\n \nFollowing this award, the underlying beneficial ownership of shares held by Mr. Foster including 1,375 matching shares from the Group's Share Incentive Plan, is 104,176 shares representing 0.83 per cent of the Company's 12,502,513 total voting rights. \n \nThe New Shares will be admitted to trading pursuant to an existing block listing and will rank pari pasu with existing Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, FIH under the FCA's Disclosure and Transparency Rules.\n \nFIH group plc, also announces that under the terms of the Group's Long Term Incentive Plan, Mr. John Foster was today granted 10,772, nil cost options in FIH group plc. \n \nAs announced in the Company's final results, John Foster received a deferred shares award for the year ended 31 March 2019 to be awarded in three equal tranches over the next three years. The deferred bonus awards were approved by the Remuneration Committee in June 2019 and are structured as a nil cost options to acquire shares for nil consideration on on the first three anniversaries of the date of grant and to the extent not exercised shall lapse on the fourth anniversary of the date of grant, provided Mr. John Foster remains in employment. The number of options granted was calculated based on the £33,825 of his bonus awarded as options, divided by 314 pence being the average share price over the preceding three days.\n \nThese options are not deemed to represent a beneficial holding until the vesting conditions linked t...