Business
SAYE Option Scheme
SAYE Option Scheme.
About this update from Nahl Group Plc
[{"type":"text","content":"\n \nRNS Number : 6080K NAHL Group PLC 26 June 2014 \n \n\n \n26 June 2014 \n \nNAHL Group Plc\n \n(\"NAHL\" or the \"Company\")\n \nSAYE Option Scheme\n \nNAHL Group Plc, a leading UK consumer marketing business focused on the UK personal injury market, announces a successful take-up of the Company's new SAYE option scheme (the \"Scheme\"), with 56 employees choosing to partake in the Scheme.\nThe Scheme was set up immediately prior to admission to trading on AIM (\"Admission\"), and it was anticipated that options (\"Options\") over the Company's ordinary Shares of £0.0025 (\"Ordinary Shares\") would be granted to UK-based employees of NAHL who are eligible (\"Eligible Employees\") according to the criteria set by the Company's remuneration committee.\n270,448 Options were granted to Eligible Employees, representing 0.7% of NAHL's existing issued share capital of 41,150,000 Ordinary Shares. Under the terms of the Scheme, the Options were granted at an exercise price of £1.60, being 80% of the placing price upon Admission. The granting of these Options were formally approved by the Board on 23 June 2014.\nEligible Employees who are partaking in the Scheme have committed to contributing between £5 and £500 per month over a three to five year period. At the end of that contracted period, their accumulated funds can then be withdrawn from the Scheme as cash or used to exercise the Options at the contracted exercise price.\nTwo of NAHL's directors, Russell Atkinson and Stephen Dolton, have contracted to enter into this Scheme, as follows:\n\n\n\n\nDirector\n\n\nNo. of Options granted\n\n\nMonthly \nSaving\n\n\nTerm of SAYE savings contract\n\n\nOption price\n\n\n\n\nRussell Atkinson (CEO)\n \n\n\n11,250\n\n\n£500\n\n\n3 years\n\n\n£1.60\n\n\n\n\nStephen Dolton (CFO)\n \n\n\n11,250\n\n\n£500\n\n\n3 years\n\n\n£1.60\n\n\n\n\n \n \nRussell Atkinson holds 340,780 Ordinary Shares, representing 0.83% of the Company's existing issued share capital and, upon Admission, was granted a further 437,500 Ordinary Shares in respect of an EMI plan and an LTIP scheme.\nStephen Dolton holds 851,498 Ordinary Shares, representing 2.07% of the Company's existing issued share capital and, upon Admission, was granted a further 362,500 Ordinary Shares in respect of an EMI plan and an LTIP sche...