Business
Issue of Options
Issue of Options.
About this update from Fiske Plc
[{"type":"text","content":"\n \nRNS Number : 7252S Fiske PLC 04 October 2017 \n\n4 October 2017\n \nFiske Plc\n('Fiske' or 'the Company')\nIssue of Options\nThe Company announces that pursuant to the rules of the Company Option Agreement (\"the Plan\"), it has granted an option to subscribe for 250,000 ordinary shares of 25 pence each in the Company (\"Ordinary Shares\") to James Philip Quibell Harrison, the Chief Executive of the Company (the \"Options\"), which shall vest in two tranches. 125,000 Options shall vest if EPS has increased by at least 25 per cent. from 31 May 2017 to 31 May 2018. The remaining 125,000 Options shall vest if EPS has increased by at least 25 per cent. from 31 May 2018 to 31 May 2019 or if a compound average increase in EPS of 25 per cent. has been achieved from 31 May 2017 to 31 May 2019.\nThe Options are exercisable at 70.0 pence and will expire on 31 December 2024.\nFollowing this issue, Mr Harrison holds an unchanged interest of 2,280,802 Ordinary Shares in the Company, equivalent to approximately 19.73% of the Company's issued share capital and 250,000 Options. The Options in issue to Mr Harrison are equivalent to 2.16% of the Company's total issued share capital.\nThere are now 325,000 options outstanding, representing 2.81% of the Company's issued share capital.\nFor further information please contact:\n • Salmaan Khawaja/Harrison Clarke, Grant Thornton UK LLP (Nominated Adviser)\n (tel: 020 7383 5100)\n • Gerard Luchini, Fiske Plc - Company Secretary\n (tel: 020 7448 4700)\nThe information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibility / person closely associated\n \n\n\n\n\n \na)\n\n\n \nName\n\n\n \nJames Philip Quibell Harrison \n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\n \na)\n\n\n \nPosition/status\n\n\n \nPDMR ( CEO)\n\n\n\n\n \nb)\n\n\n \nInitial notification/amendment\n\n\n \nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monit...