11 Jul 2017 16:55
11 July 2017
Carpetright plc
GRANT OF OPTIONS UNDER THE 2013 LONG TERM INCENTIVE PLAN ("the Plan")
The July 2017 awards under the Plan were made today to the following Directors, over ordinary shares of 1p each in Carpetright plc as follows:
Name | Director/PDMR | Options of the following number of Shares |
|
|
|
W Walsh | Director | 364,285 |
N Page | Director | 198,412 |
The price used to determine the value of the awards was £1.89 per share, being the average of the middle market quotation for Carpetright shares as derived from the LSE Daily Official List for the 5 trading days prior to the date of the award. The awards will vest, subject to the terms of the Plan (including the performance condition being met), in July 2020.
The performance condition relative to the awards is as follows:
Cumulative Underlying EPS over the three financial years ending 2018,2019 and 2020 | % of Award that Vests (on a straight line basis between points) |
Less than 64.8p | 0% |
64.8p | 25% |
79.2p | 100% |
Formal notification of the dealings is set out below:
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Wilf Walsh | |||
2
| Reason for the notification | ||||
a)
| Position/status | Chief Executive | |||
b)
| Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Carpetright plc | |||
b)
| LEI
| 213800GO32BSNNHXID90 | |||
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 | Ordinary Shares | |||
|
| ||||
Identification code | GB0001772945 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options under the Long Term Incentive Plan | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Option Price(s) | Volume(s) |
| |
|
| £0 | 364,285 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 364,285 | ||||
|
| ||||
- Price | Option price £0 | ||||
|
| ||||
e)
| Date of the transaction
| 11 July 2017 | |||
f)
| Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Neil Page | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Carpetright plc | |||
b)
| LEI
| 213800GO32BSNNHXID90 | |||
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 | Ordinary Shares | |||
|
| ||||
Identification code | GB0001772945 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options under the Long Term Incentive Plan | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Option Price(s) | Volume(s) |
| |
|
| £0 | 198,412 |
| |
|
|
| |||
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 198,412 | ||||
|
| ||||
- Price | Option price £0 | ||||
|
| ||||
e)
| Date of the transaction
| 11 July 2017 | |||
f)
| Place of the transaction | Outside a trading venue | |||
Z Dolan
01708 802000