Last checked at 24 Jun 2014 15:18
24 June 2014
H&T Group plc
LTIP Award Vesting and Directors' Dealings
H&T Group plc ("H&T" or the "Company") announces that on 24 June 2014, 29,422 ordinary shares in H&T were issued and allotted by the Company to John Nichols, Chief Executive Officer of the Company, and 12,950 ordinary shares in H&T were issued and allotted by the Company to Steve Fenerty, the Company's Finance Director, in satisfaction of the vesting of awards granted on 5 April 2011 under the Company's Long-Term Incentive Plan ("LTIP")(the "Awards").
The vesting of the Awards was subject to the satisfaction of a performance condition based on the Company's total shareholder return. The Awards were made at nil cost to the recipient and were transferred from the Company's Employee Benefit Trust.
On 24 June 2014, John Nichols and Steve Fenerty sold a proportion of their vested shares in order to settle their net tax liability accruing on vesting. Mr Nichols sold a total of 15,942 ordinary shares in H&T at a price of 170 pence per share and Mr Fenerty sold a total of 7,017 ordinary shares in H&T at a price of 170 pence per share.
Following the vesting of the Awards and the subsequent partial sales, John Nichols' shareholding in the Company is now 1,079,530 ordinary shares in H&T, representing 2.93% of the current issued share capital of the Company. Steve Fenerty's shareholding in the Company is now 305,933 ordinary shares, representing 0.83% of the Company's current issued share capital.
Enquiries:
H&T Group plc | Tel: +44 (0)870 9022 600 |
John Nichols, Chief Executive | |
Steve Fenerty, Finance Director | |
Numis Securities | Tel: +44 (0)20 7260 1000 |
Etienne Bottari / Freddie Barnfield - Nominated Advisor | |
Mark Lander - Corporate Broking | |
Bell Pottinger Financial & Corporate (Public relations) | Tel: +44 (0)20 7861 3232 |
Clinton Manning / Emma Kent |