Last checked at 11 Apr 2017 07:00
Maintel Holdings Plc ("Maintel" or "the Company")
Grant of Options
The Company today announces that on 10 April 2017 the following options were granted over ordinary shares of 1 pence each in Maintel ("Ordinary Shares") to certain Directors and other persons discharging managerial responsibilities, in accordance with the rules of the Company's 2015 Long-Term Incentive Plan ("LTIP"):
Director | Number of options over Ordinary Shares |
|
| Exercise Price £ | Total number of options over Ordinary Shares | |||||||
Eddie Buxton | 10,000 |
|
| 0.01 | 229,045 | |||||||
Rufus Grig | 8,000 |
|
| 0.01 | 8,000 | |||||||
Stuart Legg | 25,000 |
|
| 0.01 | 53,409 | |||||||
Kevin Stevens | 5,000 |
|
| 0.01 | 33,409 | |||||||
James Stevenson | 8,000 |
|
| 0.01 | 8,000 | |||||||
| 15,000 |
|
| 0.01 | 33,409 | |||||||
These options are subject to certain challenging performance conditions (the "Performance Conditions") and will vest on 10 April 2020 (being the 3rd anniversary of the award date) if certain conditions are met (the "Vesting Date"). The options expire on 10 April 2027.
If the Performance Conditions are not fully satisfied at the end of the Vesting Date, then the options will vest proportionately against the achievement of certain threshold criteria; any portion that has not vested as a consequence of the Performance Conditions not being satisfied in full or on a threshold basis will lapse.
In aggregate, options are outstanding over 385,272 Ordinary Shares, being 2.7% of the Company's current issued share capital. The number of shares under option, the Performance Conditions and exercise prices may be adjusted at the discretion of the Remuneration Committee in the event of a variation in the issued share capital of the Company.
Further information will be included in the Company's annual report and accounts for the financial period ending 31 December 2017.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
11 April 2017
Enquiries:
Maintel Holdings Plc
Dale Todd - Company Secretary 020 7401 0562
finnCap Ltd
Jonny Franklin-Adams / Emily Watts 020 7220 0500
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Eddie Buxton | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Maintel Holdings Plc | ||||
b) | LEI: | 2138008TDMNV6ODDI497 | ||||
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: | Ordinary shares of 1p each GB00B046YG73 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares under the Company's 2015 Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 10 April 2017 | ||||
f) | Place of the transaction: | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Rufus Grig | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Group Strategy Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Maintel Holdings Plc | ||||
b) | LEI: | 2138008TDMNV6ODDI497 | ||||
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: | Ordinary shares of 1p each GB00B046YG73 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares under the Company's 2015 Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 10 April 2017 | ||||
f) | Place of the transaction: | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Stuart Legg | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Group Sales and Marketing Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Maintel Holdings Plc | ||||
b) | LEI: | 2138008TDMNV6ODDI497 | ||||
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: | Ordinary shares of 1p each GB00B046YG73 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares under the Company's 2015 Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 10 April 2017 | ||||
f) | Place of the transaction: | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Kevin Stevens | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Group Integration and Transformation Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Maintel Holdings Plc | ||||
b) | LEI: | 2138008TDMNV6ODDI497 | ||||
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: | Ordinary shares of 1p each GB00B046YG73 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares under the Company's 2015 Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 10 April 2017 | ||||
f) | Place of the transaction: | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | James Stevenson | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Group Operations Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Maintel Holdings Plc | ||||
b) | LEI: | 2138008TDMNV6ODDI497 | ||||
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: | Ordinary shares of 1p each GB00B046YG73 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares under the Company's 2015 Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 10 April 2017 | ||||
f) | Place of the transaction: | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mark Townsend | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief financial officer | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Maintel Holdings Plc | ||||
b) | LEI: | 2138008TDMNV6ODDI497 | ||||
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: | Ordinary shares of 1p each GB00B046YG73 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares under the Company's 2015 Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 10 April 2017 | ||||
f) | Place of the transaction: | Off market transaction | ||||