27 Mar 2012 14:24
27 March 2012
Arena Leisure plc ("Arena" or the "Company")
Vesting of Share Options and LTIPs
The Company announces that, following the sanction by the Court of the Scheme, 12,313,933 ordinary shares of 5 pence each in the Company have been allotted subject to admission, which is expected to take place tomorrow. Application has been made to the UK Listing Authority and the London Stock Exchange for the admission of these shares.
Of these shares, 3,592,743 have been allotted as a result of the exercise of share options by employees (including certain directors) and 8,721,190 have been allotted following vesting of awards granted pursuant to the Arena Leisure Long Term Incentive Plan ("LTIP").
In connection with the exercise of share options or vesting of LTIP awards, the Board of Arena has been notified that today the following directors received ordinary shares in the Company as detailed below:
Director / PDMR | Number of shares received for nil consideration under LTIP | Number of shares acquired at 40.75p | Number of shares acquired at 39.50p | Total number of shares acquired | Resultant holding |
Mark Elliott, Chief Executive | 2,543,829 | 1,000,000 | 1,045,845 | 4,589,674 | 4,671,153 |
Tony Harris, Finance Director | 1,569,521 | - | - | 1,569,521 | 1,619,798 |
Ian Renton, Racing Director | 1,523,856 | - | 560,953 | 2,084,809 | 2,163,996 |
Note: Mark Elliott's resultant holding includes 40,479 shares held by his wife and Tony Harris' resultant holding includes 50,277 shares held by his wife.
On admission, the issued share capital of the Company will consist of 376,515,940 ordinary shares of 5 pence each.
Capitalised terms in this announcement have the same meanings as set out in the scheme document dated 10 February 2012.
Enquiries: | |
College Hill | |
Matthew Smallwood Justine Warren | +44 20 7457 2020 |