CSOP update

About this update from Ramsdens Holdings Plc

Ramsdens Holdings PLC   ("Ramsdens" or the "Company")   CSOP update   Ramsdens Holdings PLC, the diversified financial services provider and retailer, announces the cancellation of options granted in 2022 under the Company Share Option Plan (the " CSOP ") to certain personnel of the trading subsidiary (the " Options "). The Options relate to a total of 110,000 ordinary shares of 1 pence each in the Company exercisable at 200.5 pence per share. The Options were held by 20 members of the Senior Management Team, each with 5,500 options, including Jason Carr and Mark Smith, both of whom are deemed persons discharging managerial responsibility (" PDMRs ") as directors of the Company's trading subsidiary.   Ramsdens' Board has taken the decision to cancel these CSOP options, and instead offer the beneficiaries a cash bonus, paid from the Company's cash reserves. The Board believes that this will benefit all shareholders by limiting the shares in issue whilst also providing appropriate management reward for the growth of the business.   DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS   1   Details of the person discharging managerial responsibilities / person closely associated   a)   Name   Jason Carr 2   Reason for the notification   a)   Position/status   IT Director of trading subsidiary b)   Initial notification /Amendment   Initial Notification 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a)   Name   Ramsdens Holdings PLC b)   LEI   2138009OAUOROKMFPK95 4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a)   Description of the financial instrument, type of instrument   Identification code   Share options over ordinary shares of 1p each.     GB00BDR6V192 b)   Nature of the transaction     Cancellation of options over ordinary shares c)   Price(s) and volume(s)       Price(s) Volume(s) N/A 5,500 d)   Aggregated information     - Aggregated volume - Price   Price(s) Volume(s) N/A 5,500   e)   Date of the transaction   12 March 2025 f)   Place of the transaction     Off market     1   Details of the person discharging managerial responsibilities / person closely associated   a)   Name   Mark Smith 2   Reason for the notification   a)   Position/status   Finance Director of trading subsidiary b)   Initial notification /Amendment   Initial Notification 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   a)   Name   Ramsdens Holdings PLC b)   LEI   2138009OAUOROKMFPK95 4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a)   Description of the financial instrument, type of instrument   Identification code   Share options over ordinary shares of 1p each.     GB00BDR6V192 b)   Nature of the transaction     Cancellation of options over ordinary shares c)   Price(s) and volume(s)       Price(s) Volume(s) N/A 5,500 d)   Aggregated information     - Aggregated volume - Price   Price(s) Volume(s) N/A 5,500   e)   Date of the transaction   12 March 2025 f)   Place of the transaction     Off market       Enquiries:                     Ramsdens Holdings PLC                                                      Tel: +44 (0) 1642 579957 Peter Kenyon, CEO Martin Clyburn, CFO   Panmure Liberum Limited (Nominated Adviser and Broker)                                      Tel: +44 (0) 20 3100 2000 Atholl Tweedie Will King   Hudson Sandler (Financial PR)                                                                         Tel: +44 (0) 20 7796 4133 Alex Brennan Lucy Wollam-Coles Emily Brooker   About Ramsdens   Ramsdens is a growing, diversified, financial services provider and retailer, operating in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery.  Ramsdens does not offer unsecured high-cost short term credit.   Headquartered on Teesside, the Group operates from 169 stores within the UK (including one franchised store) and has a growing online presence.   Ramsdens is fully FCA authorised for its pawnbroking and credit broking activities and as an authorised payment institution.   www.ramsdensplc.com   www.ramsdensjewellery.co.uk   www.ramsdenscurrency.co.uk   www.ramsdenspawnbrokers.co.uk   www.ramsdensgoldbuying.co.uk    

View stock analysis, news, and events for Ramsdens Holdings Plc