8 May 2017 11:40
Filta Group Holdings plc
("Filta" or the "Company")
8 May 2017
Awards of share options and share appreciation rights
The Company announces that, further to its previously announced intention, it has adopted a share option scheme, the 2017 Filta Group Holdings EMI Scheme, for the benefit of employees and that it has offered options to all qualifying UK employees, including awards to the following persons discharging managerial responsibilities ("PDMRs"):
| No of options | Vesting dates | Exercise price (pence) |
Debbie Sarson-Lowe | 30,000 | 05.05.19-05.05.21 | 97p |
Dave Burns | 30,000 | 05.05.19-05.05.21 | 97p |
Andy Stevens | 30,000 | 05.05.19-05.05.21 | 97p |
The options may vest, subject to the satisfaction of certain conditions, over a period of 3 years between 2019 and 2021 and are exercisable at any time after vesting and within 10 years from now. Options have been awarded over a total of 330,000 ordinary shares, equivalent to 1.20% of the Company's current issued share capital.
The Company also announces that all qualifying US employees have been awarded share acquisition rights (SAR's). The SAR's are conditional bonuses whose value will be calculated by reference to the amount by which the price of the Company's ordinary shares has risen above the base price at the date of exercise, thus providing holders of SAR's the same reward value as if the SAR's were share options. The qualifying conditions and timing of vesting are identical to those within the share option scheme for UK employees. SAR's have been awarded to the following US-based Director and other PDMR's:
| No of SAR's | Vesting dates | Base price (pence) |
Brian Hogan (Director) | 90,000 | 05.05.19-05.05.21 | 97p |
Tom Dunn (PDMR) | 90,000 | 05.05.19-05.05.21 | 97p |
Rob Totten (PDMR) | 30,000 | 05.05.19-05.05.21 | 97p |
A total of 352,500 SAR's have been awarded having an aggregate base price of £341,925.
For further information:
Filta Group Holdings plc
Jason Sayers, Chief Executive +1 407 996 5550
Cenkos Securities
Bobbie Hilliam, Harry Pardoe 020 7397 8927
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name: | Debbie Sarson-Lowe | ||
| 2 | Reason for the notification | |||
| a) | Position/Status:
| PDMR (Chief Operating Officer, UK operations) | ||
| b) | Initial Notification/Amendment:
| Initial Notification | ||
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | |||
| a) | Name: | Filta Group Holdings plc | ||
| b) | LEI: | N/a | ||
| 4. | Details of 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: Identification code: | Ordinary Shares of 10 pence each ISIN: GB00BFH55S51 | ||
| b) | Nature of the transaction: | Purchase of Ordinary shares | ||
| c) | Price(s) and volume(s): | Price(s) | Volume(s) | |
| Nil | 30,000 | |||
| d) | Aggregated volume: Price: | 30,000 Nil | ||
| e) | Date of the Transaction: | 5 May 2017 | ||
| f) | Place of the Transaction: | N/a | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Dave Burns | |
2 | Reason for the notification | ||
a) | Position/Status:
| PDMR (Sales Director, UK operations) | |
b) | Initial Notification/Amendment:
| Initial Notification | |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Name: | Filta Group Holdings plc | |
b) | LEI: | N/a | |
4. | Details of 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: Identification code: | Ordinary Shares of 10 pence each ISIN: GB00BFH55S51 | |
b) | Nature of the transaction: | Purchase of Ordinary shares | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
Nil | 30,000 | ||
d) | Aggregated volume: Price: | 30,000 Nil | |
e) | Date of the Transaction: | 5 May 2017 | |
f) | Place of the Transaction: | N/a | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Andy Stevens | |
2 | Reason for the notification | ||
a) | Position/Status:
| PDMR (Finance Director, UK operations) | |
b) | Initial Notification/Amendment:
| Initial Notification | |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Name: | Filta Group Holdings plc | |
b) | LEI: | N/a | |
4. | Details of 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: Identification code: | Ordinary Shares of 10 pence each ISIN: GB00BFH55S51 | |
b) | Nature of the transaction: | Purchase of Ordinary shares | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
Nil | 30,000 | ||
d) | Aggregated volume: Price: | 30,000 Nil | |
e) | Date of the Transaction: | 5 May 2017 | |
f) | Place of the Transaction: | N/a | |