Business
Options Announcement
Options Announcement.
About this update from Portmeirion Group Plc
[{"type":"text","content":"\n \nRNS Number : 0870Y Portmeirion Group PLC 12 May 2016 \n\n \nPortmeirion Group PLC\n(the \"Company\" and the \"Group\")\n \nShare Option Grants, Exercise of Options and Holding(s) in Company\n \nShare Option Grants & Exercises\n \nThe Company announces that, on 11 May 2016, it granted options to Executive Directors over a total of 5,830 ordinary shares of 5 pence each in the Company (\"Ordinary Shares\") pursuant to The Portmeirion Group 2010 Deferred Incentive Share Option Plan (the \"Plan\"). The following Directors of the Company were granted options as detailed below:\n \n\n\n\n\n\n\n\nNumber of\noptions granted\n\n\nTotal exercise\nprice\n\n\nExercise period\n\n\n\n\nPhilip Atherton\n\n\n1,365\n\n\n£1\n\n\n12 May 2019 - 10 August 2019\n\n\n\n\nLawrence Bryan\n\n\n2,860\n\n\n£1\n\n\n12 May 2019 - 10 August 2019\n\n\n\n\nBrett Phillips\n\n\n1,605\n\n\n£1\n\n\n12 May 2019 - 10 August 2019\n\n\n\n\n \nIn addition the Company announces that, on 11 May 2016, the following Executive Directors exercised options which were granted on 19 April 2013 under the Plan to subscribe for a total of 3,303 Ordinary Shares as detailed below:\n \n\n\n\n\n\n\n\nNumber of\noptions exercised\n\n\nTotal exercise\nprice\n\n\nTotal number Ordinary Shares held following Admission\n\n\n% of issued share capital following Admission\n\n\n\n\nLawrence Bryan\n\n\n2,106\n\n\n£1\n\n\n142,834\n\n\n1.33%\n\n\n\n\nBrett Phillips\n\n\n1,197\n\n\n£1\n\n\n91,745\n\n\n0.85%\n\n\n\n\n \nAccordingly, the Company has transferred 3,303 Ordinary Shares from shares held in treasury by the Company in respect of the above exercise.\n \nAlso on 11 May 2016, the Company announces that an employee of the Group exercised options under The Portmeirion 2012 Approved Share Option Plan to subscribe for a total of 1,879 Ordinary Shares at an exercise price of £6.10 each. Accordingly, the Company has issued 1,879 Ordinary Shares in respect of the exercise. \n \nApplication has been made for 5,182 Ordinary Shares to be admitted to trading on AIM (\"Admission\") and trading of these shares is expected to commence on or around 18 May 2016.\n \nFollowing Admission, the total number of Ordinary Shares held by the Company in treasury is 239,477, and the Company will have 11,005,033 Ordinary Shares in issue and...