18 Aug 2017 07:00
18 August 2017
Joules Group plc
Grant of 2017 awards to Directors under DBP and LTIP
Joules Group plc ("Joules" or the "Company") announces today that it has granted awards over ordinary shares of 1p each in the Company ("Ordinary Shares") under the Joules 2016 Deferred Bonus Plan (the "DBP") and the Joules 2016 Long Term Incentive Plan (the "LTIP") to the Directors as set out below.
Director | Number of Ordinary Shares subject to DBP award | Number of Ordinary Shares subject to LTIP award |
Tom Joule | 51,455 | 106,858 |
Colin Porter | 52,990 | 110,048 |
Marc Dench | 54,142 | 119,617 |
The vesting of the DBP awards is subject to ongoing employment with the Company. Subject to the rules of the DBP, the award will vest on 24 July 2020 and remain exercisable until the tenth anniversary of the grant date.
The vesting of the LTIP awards is subject to ongoing employment with the Company and the achievement of performance conditions based upon Joules' earnings per share in the financial year to May 2020 and the level of revenues derived from international sales in the financial year to May 2020. Ordinarily, the awards will vest (subject to the achievement of the performance conditions) following the publication of Joules' annual report and accounts for the year ended May 2020.
Each award under the DBP and LTIP has been granted in the form of an option with an exercise price per share of £0.01.
Given Tom Joule's shareholding in the Company, the DBP and LTIP awards granted to him may, on exercise, give rise to an obligation to make a general offer under Rule 9 of The Takeover Code (unless a waiver of this obligation was granted to Tom by The Takeover Panel and approved by independent shareholders). As such, a resolution to approve such a waiver may be included in the Company's Notice of Annual General Meeting to be sent out to shareholders in due course.
PDMR notification - Marc Dench
| |||
1. Details of the Restricted Person / person closely associated with him or her
| |||
a) Name |
Marc Dench | ||
2. Reason for the notification |
| ||
a) Position/status |
CFO | ||
b) Initial notification / Amendment |
Initial notification | ||
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||
a) Name |
Joules Group plc | ||
b) LEI |
213800BNGLSIPD111Y68 | ||
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 |
Ordinary shares of 1p each in the capital of Joules Group plc | ||
b) Identification code |
ISIN GB00BZ059357 | ||
c) Nature of the transaction |
Grant of options | ||
d) Price(s) and volume(s) |
Volume(s) granted: DBP: 54,142 LTIP: 119,617
Price(s): DBP: nil LTIP: nil
| ||
e) Aggregated information: i. Aggregated volume ii. price |
Aggregate volume granted: 173,759
Price(s): nil | ||
f) Date of the transaction |
2017-08-17 | ||
g) Place of the transaction |
| ||
| |||
PDMR notification - Colin Porter
| |||
2. Details of the Restricted Person / person closely associated with him or her
| |||
c) Name |
Colin Porter | ||
4. Reason for the notification |
| ||
a) Position/status |
CEO | ||
b) Initial notification / Amendment |
Initial notification | ||
5. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||
a) Name |
Joules Group plc | ||
b) LEI |
213800BNGLSIPD111Y68 | ||
5. 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
| |||
h) Description of the financial instrument, type of instrument |
Ordinary shares of 1p each in the capital of Joules Group plc | ||
i) Identification code |
ISIN GB00BZ059357 | ||
j) Nature of the transaction |
Grant of options | ||
k) Price(s) and volume(s) |
Volume(s) granted: DBP: 52,990 LTIP: 110,048
Price(s): DBP: nil LTIP: nil
| ||
l) Aggregated information: i. Aggregated volume ii. price |
Aggregate volume granted: 163,038
Price(s): nil
| ||
m) Date of the transaction |
2017-08-17 | ||
n) Place of the transaction |
| ||
| |||
PDMR notification - Tom Joule
| |||
3. Details of the Restricted Person / person closely associated with him or her
| |||
c) Name |
Tom Joule | ||
6. Reason for the notification |
| ||
a) Position/status |
Chief Brand Officer | ||
b) Initial notification / Amendment |
Initial notification | ||
7. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||
a) Name |
Joules Group plc | ||
b) LEI |
213800BNGLSIPD111Y68 | ||
6. 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
| |||
o) Description of the financial instrument, type of instrument |
Ordinary shares of 1p each in the capital of Joules Group plc | ||
p) Identification code |
ISIN GB00BZ059357 | ||
q) Nature of the transaction |
Grant of options | ||
r) Price(s) and volume(s) |
Volume(s) granted: DBP: 51,455 LTIP: 106,858
Price(s): DBP: nil LTIP: nil
| ||
s) Aggregated information: i. Aggregated volume ii. price |
Aggregate volume granted: 158,313
Price(s): nil
| ||
t) Date of the transaction |
2017-08-17 | ||
u) Place of the transaction |
| ||
| |||
Enquiries:
Joules Group plc | Tel: +44 (0) 1858 435 255 |
Colin Porter, CEO Marc Dench, CFO
|
|
Peel Hunt LLP (Nominated Advisor and joint broker) | Tel: +44 (0) 20 7418 8900 |
Dan Webster Adrian Trimmings George Sellar
|
|
Liberum Capital Limited (joint broker) | Tel: +44 (0) 20 3100 2000 |
John Fishley Joshua Hughes
|
|
Hudson Sandler (Public Relations) | Tel: +44 (0) 20 7796 4133 |
Michael Sandler Alex Brennan Lucy Wollam |
|