13 Aug 2020 12:30
13 August 2020
finnCap Group plc
("finnCap" or the "Group")
Option Grant
As indicated in the announcement of Richard's appointment on 14 February, finnCap today announces the grant of options over 250,000 shares to Richard Snow, an executive director of finnCap, under the finnCap Group plc Company Share Option Plan. The earliest vesting date for the options is 20 May 2025 and the exercise price is 15.5p, being the market price of finnCap ordinary shares at the date Richard joined finnCap. The options are subject to performance conditions calculated by reference to the Group's profit before tax over the next five years.
Following this grant of options, Richard Snow continues to have a beneficial interest over 233,333 Ordinary Shares, representing approximately 0.14% of the current total voting rights of the Company and now has options over 250,000 shares. The Company's Ordinary Shares referred to above are finnCap Group plc ordinary shares of 1 penny each and the total number of shares in issue is 171,657,005.
Further details on this are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulation.
Contacts
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer investor.relations@finncap.com
Richard Snow, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Tim Redfern
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Richard Snow | |||
2
| Reason for the notification
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a)
| Position/status
| Director - Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| finnCap Group plc | |||
b)
| LEI
| 213800DLRUJW6JVNS533 | |||
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 | Ordinary shares | |||
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Identification code | GB00BGKPX309 | ||||
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b)
| Nature of the transaction
| Grant of options under the finnCap Group plc Company Share Option Plan at an exercise price of 15.5p per share | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 250,000 |
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d)
| Aggregated information |
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- Aggregated volume | N/A | ||||
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- Price |
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e)
| Date of the transaction
| 13 August 2020 | |||
f)
| Place of the transaction
| Outside a trading venue | |||