3 Jul 2018 09:20
3 July 2018
easyHotel plc (AIM:EZH)
("easyHotel")
Grant of share options to executive directors
easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, confirms that on 2 July 2018 its remuneration committee granted nil-cost options over 204,116 ordinary shares of 1p each ("Ordinary Shares") to its Chief Executive Officer, Guy Parsons and over 159,935 Ordinary Shares to its Chief Financial Officer, Marc Vieilledent. The grant of the share options, which is made in respect of the financial year ended 30 September 2017, is subject to shareholder approval.
These awards are subject to stretching performance conditions based on achieving a combination of certain strategic and financial targets and, depending on the extent to which the relevant targets are achieved, may vest in part or in full after three years subject to continued employment. Awards that do not vest after the three year performance period will lapse. The awards were made under the easyHotel 2015 Performance Share Plan.
-Ends-
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
| ||||
a)
| Name
| 1. GUY PAUL CUTHBERT PARSONS 2. MARC ANDRE LOUIS VIEILLEDENT
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| 1. CHIEF EXECUTIVE OFFICER 2. 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
| EASYHOTEL PLC | |||
b)
| LEI
| 213800B35EIIHXVVSA50 | |||
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 | EASYHOTEL PLC ORDINARY SHARES OF 1P EACH | |||
Identification code | ISIN: GB00BN56KF84 | ||||
b)
| Nature of the transaction
| GRANT OF NIL COST OPTION OVER ORDINARY SHARES UNDER THE EASYHOTEL PLC 2015 PERFORMANCE SHARE PLAN | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
1. | £0.00 | 204,116 | |||
2. | £0.00 | 159,935 | |||
d)
| Aggregated information | ||||
- Aggregated volume | 364,051 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 2 JULY 2018 | |||
f)
| Place of the transaction
| LONDON | |||