25 Jan 2019 15:40
25 January 2019
Filta Group Holdings plc
("Filta" or the "Company")
Awards of share options and share appreciation rights
Filta Group Holdings plc (AIM: FLTA), a provider of fryer management and other services to commercial kitchens, announces that, further to previous announcements, an employee share option scheme for qualifying UK employees ("2017 Filta Group Holdings EMI Scheme") and a share acquisition rights ("SARs") scheme for qualifying US employees ("2017 Filta Group Inc Stock Appreciation Rights Plan") have been adopted by the Company.
Under the 2017 Filta Group Holdings EMI Scheme, the Company has granted options to the following persons discharging managerial responsibilities ("PDMRs"):
PDMR | No of options |
Debbie Sarson-Lowe | 70,000 |
Alastair Anderson | 30,000 |
Edward Palin | 90,000 |
The options have an exercise price of 215 pence per share and vest over a period of 4 years from 2020 to 2023, subject to the satisfaction of both time and certain performance conditions relating to annual profit growth over defined targets, and are exercisable at any time after vesting for a period of 10 years from 11 January 2019. The Company has a total of 1,250,000 options over ordinary shares outstanding, representing approximately 4.30% of the Company's current issued share capital.
Under the 2017 Filta Group Inc Stock Appreciation Rights Plan, the SARs are structured as conditional cash 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 of 215 pence at the date of exercise. The Company has issued a total of 120,000 SARs to the following PDMRs:
PDMR | No of SARs |
Brian Hogan (Director) | 30,000 |
Tom Dunn (PDMR) | 30,000 |
Rob Totten (PDMR) | 30,000 |
Annalisa Bhim (PDMR) | 30,000 |
The vesting period and conditions for the SARs scheme are identical to those for the 2017 Filta Group Holdings EMI Scheme. The Company has a total of 505,000 unvested SARs outstanding,
For further information:
Filta Group Holdings plc
Jason Sayers, Chief Executive +1 407 996 5550
Cenkos Securities
Stephen Keys, Harry Hargreaves 020 7397 8900
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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 (Managing Director, Filta 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: | 2138006C7GROHSV29B25 | |||
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: | Grant of options over ordinary shares | |||
c) | Price(s) and volume(s): | Price(s) | Volume(s) | ||
Nil | 70,000 | ||||
d) | Aggregated volume: Price: | 70,000 Nil | |||
e) | Date of the Transaction: | 11 January 2019 | |||
f) | Place of the Transaction: | Outside trading venue | |||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Alastair Anderson | |
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: | 2138006C7GROHSV29B25 | |
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: | Grant of options over 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: | 11 January 2019 | |
f) | Place of the Transaction: | Outside trading venue | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Edward Palin | |
2 | Reason for the notification | ||
a) | Position/Status:
| PDMR (Managing Director, Watbio 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: | 2138006C7GROHSV29B25 | |
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: | Grant of options over ordinary shares | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
Nil | 90,000 | ||
d) | Aggregated volume: Price: | 90,000 Nil | |
e) | Date of the Transaction: | 11 January 2019 | |
f) | Place of the Transaction: | Outside trading venue | |