Business
Exercise of Options and Issue of Equity under LTIP
Exercise of Options and Issue of Equity under LTIP.
About this update from Personal Group Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5022A Personal Group Holdings PLC 07 June 2016 \n\n\n\n\n\nPress Release\n\n\n7 June 2016\n\n\n\n\n \n \nPersonal Group Holdings plc\n \n(\"Personal Group\", the \"Company\" or the \"Group\")\n \nExercise of Options and Issue of Equity under the LTIP\n \nPersonal Group Holdings Plc (AIM: PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, announces the following transactions in relation to the Company's Long Term Incentive Plan (\"LTIP1\").\n \nAs announced on 18 December 2012, the Company stated that it had implemented an LTIP to reward directors and certain other senior employees in a way that aligns the interests of LTIP participants with the interests of shareholders, as well as with the Group's long-term strategic plan. Details of this plan, LTIP1, are disclosed in the Group's financial statements for the year ended 31 December 2015.\n \nExercise of Options \n \nThe Company has been informed today by Mark Scanlon, Chief Executive Officer, of the exercise of options over 100,000 Ordinary Shares in the Company at a price of nil pence per share. These options had been granted under LTIP1 as detailed in the announcement on 25 November 2015.\n \nThese shares were immediately sold at £5.15 per Ordinary Share. \n \nFollowing this transaction, Mark Scanlon has an interest of 27,979 Ordinary Shares representing 0.09% of the issued ordinary share capital of the Company and retains options over 205,793 ordinary shares at an exercise value of nil.\n \nIssue of Equity\n \nThe Company has allotted a total of 100,000 new Ordinary Shares of 5p each (\"New Shares\") in connection with the above exercise. Application will be made for the New Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will take place on 13 June 2016.\n \nFollowing Admission, the Company will have 30,546,416 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 30,546,416.\n \n \n \n- ENDS -\n \n \nFor more information please contact:\n\n\n\n\nPersonal Group Holdings Plc\n\n\n \n\n\n\n\nMike Dugdale - Chief Financial Offi...