16 Nov 2017 07:00
16 November 2017
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Grant of Options
The Board of AFH, a leading financial planning led investment management firm, announces that it has granted 210,000 options to the Company's Executive Directors and a further 220,000 options to other members of management, all exercisable at 250 pence per Ordinary Share, under the Company's growth share scheme. These are exercisable as to 50% after three years subject to the satisfaction of performance criteria and the remaining 50% after the fifth anniversary of grant.
Name | Number of Options granted | Type of grant | Total number of Options held following grant | Per cent. of current issued share capital(1) |
Alan Hudson (Chief Executive Officer) | 125,000 | Growth Share Scheme | 475,000 | 1.26% |
Paul Wright (Chief Financial Officer) | 40,000 | Growth Share Scheme | 382,000 | 1.02% |
Alexis Larvin (Executive Director) | 25,000 | Growth Share Scheme | 202,420
| 0.54% |
Austin Broad (Executive Director) | 20,000 | Growth Share Scheme | 182,420 | 0.49% |
(1) Assumes that the new Ordinary Shares issued pursuant to the Placing announced on 15 November 2017 are admitted to trading on AIM
Following the grant of options, and assuming that the new Ordinary Shares placed pursuant to the Placing announced on 15 November 2017 are admitted to trading on AIM, the total number of options outstanding to subscribe for Ordinary Shares in the Company, will be 2,857,000, representing 7.6 per cent. of the Company's issued share capital, of which 1,345,425, representing 3.6 per cent. of the Company's issued share capital, are held by existing directors of AFH.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name
| 1. Alan Hudson 2. Paul Wright 3. Alex Larvin 4. Austin Broad | ||||||||||
2 | Reason for the notification | |||||||||||
a) | Position/status
| 1. Chief Executive Officer 2. Chief Financial Officer 3. Executive Director 4. Executive Director
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b) | Initial notification/ Amendment
| Initial notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name
| AFH Financial Group plc | ||||||||||
b) | LEI
| 213800MVLNB5CWDY8X63 | ||||||||||
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
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a) | Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 10 pence
GB00B4W5WQ08
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b) | Nature of the transaction
| 1. Grant of Options 2. Grant of Options 3. Grant of Options 4. Grant of Options
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c) | Price(s) and volume(s)
|
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d) | Aggregated information
- Aggregated volume
- Price
| N/A
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e) | Date of the transaction
| 15 November 2017 | ||||||||||
f) | Place of the transaction
| Outside trading venue - off market | ||||||||||