Business
Executive Share Option Grants
Executive Share Option Grants.
About this update from Portmeirion Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8327L\n Portmeirion Group PLC\n 04 May 2020\n \n \n \n \n 4 May 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Portmeirion Group PLC\n \n \n (the \"Company\")\n \n \n \n \n \n Executive Share Option Grants\n \n \n \n \n \n The Company announces that, on 4 May 2020, it granted options to Directors and senior managers over a total of 200,500 \n ordinary \n shares of 5 pence each in the Company (\"Ordinary Shares\") \n pursuant to The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the \"2012 Plans\").\n \n \n \n \n \n The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the 2012 Plans. The options granted on 4 May 2020 are normally only exercisable if t\n he increase in the average of the Group's basic adjusted earnings per share (as adjusted for changes in accounting standards and exceptional items) for each of the two years ending 31 December 2021 and 31 December 2022 is at least 10% higher than that for the year ended 31 December 2019. \n The exercise price of the options is in reference to the closing middle market price of an Ordinary Share on 1 May 2020, being the latest date prior to the grant. Of the total number of options granted, 160,500 options over Ordinary Shares were granted to \n persons discharging managerial responsibilities (\"PDMRs\")\n of the Company, as detailed below:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Number options granted\n \n \n \n \n Exercise price per Ordinary Share\n \n \n \n \n Exercise period\n \n \n \n \n \n \n Company directors/officers:\n \n \n \n \n \n \n Philip Atherton\n \n \n \n \n Group Sales & Marketing Director\n \n \n \n \n 21,000\n \n \n \n \n £4.46\n \n \n \n \n 5 May 2023 - 3 May 2030\n \n \n \n \n \n \n Michael Raybould\n \n \n \n \n Chief Executive\n \n \n \n \n 40,000\n \n \n \n \n £4.46\n \n \n \n \n 5 May 2023 - 3 May 2030\n \n \n \n \n \n \n Michael Knapper\n \n \n \n \n Operations Director\n \n \n \n \n 21,000\n \n \n \n \n £4.46\n \n \n \n \n 5 May 2023 - 3 May 2030\n \n \n \n \n \n \n David Sproston\n \n \n \n \n Group Finance Director\n \n \n \n \n 29,000\n \n \n \n \n £4.46\n \n \n \n \n 5 May 2023 - 3 May ...