27 Sep 2018 14:26
27 September 2018
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Murgitroyd Group PLC ("the Group")
Grant of options
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The Group announces that, pursuant to the Group's unapproved Executive Share Option Scheme ("the Scheme") the Board has granted options over 170,000 ordinary shares of 10p each in the Group, all at an exercise price of 685p pence per share. Options were granted to the following Director:
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| Name | Position | Number of Options |
| Â | Â | Â |
| Gordon Stark | Executive Director | 50,000 |
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The remainder of the options have been granted to senior employees.
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All of the options issued above are exercisable from 25 September 2021 until 24 September 2033 with the conditions that the average annual dividend increase (excluding special or exceptional dividends) is 10% above the rate of UK CPI; dividend cover (excluding special or exceptional dividends) is no less than 2 times; and "Total Shareholder Return" is at least 10% above the average for the FTSE Small Cap, between the date of grant and the date of exercise.
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For further information, please contact:
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Keith Young, Murgitroyd Group PLC T: 07802 951913
Sandy Fraser, N+1 Singer (NOMAD and Broker) T: 0207 496 3000
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The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
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| Â 1. Details of the person discharging managerial responsibilities/person closely associated. Â | |
|  a) Name  |  Gordon Stark  |
| Â 2. Reason for the notification. Â | |
|  a) Position/status  |  PDMR (Director)  |
|  b) Initial notification/amendment  |  Initial  |
| Â 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor. Â | |
|  a) Name  |  Murgitroyd Group PLC  |
|  b) LEI  |  N/a  |
| Â 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. Â | |
|  a) Description of the financial instrument, type of instrument  Identification code  |  Options over ordinary shares of 10 pence each |
|  b) Nature of the transaction  |  Grant of options  |
|  c) Price(s) and volume(s)  |  50,000 options Exercise price 685p  |
|  d) Aggregated information  - aggregated volume  - price  |  N/a - single transaction  |
|  e) Date of the transaction  |  25 September 2018 |
|  f) Place of the transaction  |  London Stock Exchange, AIM |
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