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25 Jun 2014 14:27
25 June 2014
Jelf Group plc
("Jelf" or the "Company")
Director Dealing
Today, the Board announces a new award has been made to Phil Barton, an Executive Director of the Company and Chief Executive of Jelf's Insurance Division, under the Jelf Group Long Term Incentive Plan ("2008 LTIP"), which provides for awards of equity-settled share appreciation rights ("SARs") to certain executive directors and key employees.
Exercise of the SARS is subject to the achievement of specified performance conditions. If these conditions are met, these SARS vest from 01 October 2018 to 30 September 2021. The base price for this award is 116.5p and the hurdle price for the vesting of the SARS is 175p.
The table below shows the SARs granted to Phil Barton under the 2008 LTIP:
Director | Number of SARs granted | Percentage of issued share capital | Total number of share options and SARs held following this grant | Percentage of issued share capital |
Phil Barton | 550,000 | 0.65% | 2,034,971* | 2.39% |
*9,971 of the total relates to Save as You Earn options.
In addition, as at the date of this announcement, Phil Barton holds 265,566 ordinary shares of 1p each in the capital of the Company, representing 0.31 per cent. of the issued share capital of the Company. All other Directors' interests are unchanged.
For further information, please contact:
Jelf Group plc
Alex Alway, Chief Executive John Harding, Group Finance and Operations Director
| 01454 272727
|
finnCap
Matt Goode, Corporate Finance Ben Thompson, Corporate Finance Stephen Norcross, Corporate Broking | 0207 220 0500 |
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