Business
Grant of options under the Company's LTIP and CSOP
Grant of options under the Company's LTIP and CSOP.
About this update from Ms International Plc
[{"type":"text","content":"\n \n \n RNS Number : 5426L\n MS International PLC\n 30 April 2020\n \n \n \n \n 30 April 2020\n \n \n \n \n \n MS INTERNATIONAL plc\n \n \n (the \"Company\")\n \n \n \n \n \n Grant of options under the Company's LTIP and CSOP\n \n \n \n \n \n Director/PDMR Shareholding\n \n \n The Company announces that it has today granted options over a total of 1,575,000 ordinary shares of 10 pence each in the capital of the Company (\"Ordinary Shares\") to certain directors and employees pursuant to the Company's Long Term Incentive Plan (\"LTIP\") and Company Share Option Plan (\"CSOP\").\n Grants under the LTIP\n Options over 500,000 Ordinary Shares have been granted under the LTIP, exercisable at nil cost. The options granted under the LTIP will vest in equal instalments on the second and third anniversaries of the award date, subject to the share price reaching or exceeding 300 pence for a consecutive 90 day period following the date of grant. Vested options will expire if they haven't been exercised after ten years from the date of grant.\n Grants under the CSOP\n Options over 1,075,000 Ordinary Shares have been granted under the CSOP, exercisable at a price of 141 pence, being the share price at the time of grant. Options over 400,000 Ordinary Shares granted under the CSOP will vest as to one third on each of the third, fourth and fifth anniversaries of the award date. The remaining options granted under the CSOP will vest as to one third on each of the third, fourth and fifth anniversaries of the award date, subject to the share price reaching or exceeding 200 pence for a consecutive 90 day period following the date of grant. Vested options will expire if they haven't been exercised after ten years from the date of grant.\n Details of the grants of options over Ordinary Shares to persons discharging managerial responsibilities are set out in the table below.\n \n \n \n \n Name and position\n \n \n Number of LTIP options granted\n \n \n Number of CSOP options granted\n \n \n Total resulting number of options over Ordinary Shares\n \n \n \n \n Michael Bell, Executive Chairman\n \n \n 300,000\n \n \n 100,000\n \n \n 400,000\n \n \n \n \n Michael O'Connell, Finance Director\n \n \n 200,000\n \n \n 75,000\n \n \n 275,000\n \n \n \n \n Nicholas Bell, Executive Director\n \n \n nil\n \n \n 75,...