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20 May 2016 13:30
20 May 2016
Cello Group plc
("Cello" or the "Company")
Director's dealing
The Company has been notified that on 20 May 2016 the following directors of the Company exercised options under the PSP Option Scheme 2010 ("PSP") and the Approved Share Option Plan 2009 ("Approved") in order to increase their stakes in the Company.
Details of the exercise of options by the directors are set out below:
Director | Option Scheme | No of options held prior to exercise | No of options exercised | Exercise Price | No of options held post exercise |
Mark Scott | PSP | 1,550,000 | 770,000 | 10p | 780,000 |
Mark Scott | Approved | 72,000 | 72,000 | 31.5p | - |
Mark Bentley | PSP | 605,000 | 130,000 | 10p | 475,000 |
Stephen Highley | PSP | 420,000 | 50,000 | 10p | 370,000 |
Following the exercise of these options the directors made the following sale of ordinary shares of 10 pence each in the Company ("Ordinary Shares"), these sales were made to cover exercise, tax and national insurance costs:
Director | No of ordinary shares prior to exercise and sale | No of ordinary shares sold | Sale Price | Retained interest in ordinary shares | % of issued share capital (as enlarged by the issue of options) |
Mark Scott | 964,379 | 486,204 | 97.2p | 1,320,175 | 1.52% |
Mark Bentley | 285,479 | 77,476 | 97.2p | 338,003 | 0.39% |
Stephen Highley | 2,046,889 | 22,285 | 97.2p | 2,074,604 | 2.39% |
Contacts:
Cello Group 020 7812 8460
Mark Scott, Chief Executive
Mark Bentley, Finance Director
Cenkos Securities 0207 397 8900
Bobbie Hilliam
Harry Pardoe
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