Last checked at 3 Jan 2019 07:00
3 January 2019
H&T Group plc
("H&T", the "Company" or the "Group")
(AIM: HAT)
Performance Share Plan ("PSP") Awards
H&T Group plc announces details of awards on 28 December 2018 under the H&T Group plc 2018 Performance Share Plan ("PSP") (the "Grant").
Pursuant to the PSP, the following awards have been made to the Executive Directors of the Group:
Name | Role | PSP Award (number of shares) | Vesting Date | Total options following the Grant (number of shares)
|
Mr J Nichols | Chief Executive Officer | 98,707 | 28/12/2021 | 280,021 |
Mr S Fenerty | Finance Director | 73,024 | 28/12/2021 | 189,868 |
In addition, an award of 203,310 nil cost ordinary shares was made to other senior executives of the Group, again under the PSP.
In accordance with the rules of the PSP, the shares subject to the PSP awards will be released on 28 December 2021 subject to continued employment and the satisfaction of certain specific performance conditions. The awards are further subject to claw back and malus provisions.
The performance conditions for the awards are based on achieving growth in Total Shareholder Return at between 10% and 18% per annum and Profit Before Tax at between 9% and 16.2% per annum.
Enquiries:
H&T Group plc
Tel: 0870 9022 600
John Nichols, chief executive
Steve Fenerty, finance director
Numis Securities (broker and nominated adviser)
Tel: 020 7260 1000
Mark Lander, corporate broking
Freddie Barnfield, nominated adviser
Haggie Partners (financial public relations)
Tel: 020 7562 4444
Damian Beeley
Sarah Shephard
Chanice Smith
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a)
| Name
| 1) John Nichols 2) Stephen Fenerty | |||||||||
2
| Reason for the notification
| ||||||||||
a)
| Position/status
| 1) Chief Executive Officer 2) Finance Director
| |||||||||
b)
| Initial notification /Amendment | Initial notification | |||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||
a)
| Name
| H&T Group plc | |||||||||
b)
| LEI
| 2138006N2X1XSBSDSU74
| |||||||||
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
Identification code
| H&T GROUP PLC Ordinary shares of 5 pence
GB00B12RQD06
| |||||||||
b)
| Nature of the transaction
| Issue of options | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
- Aggregated value
|
See 4c) above | |||||||||
e)
| Date of the transaction
| 28 December 2018 | |||||||||
f)
| Place of the transaction
| Outside of a trading venue | |||||||||