10 Feb 2017 14:33
10 February 2017
Murgitroyd Group PLC ("the Group")
Grant of options
The Group announces that, pursuant to the Group's unapproved Executive Share Option Scheme ("the Scheme"), and as approved by the Remuneration Committee on 10 February 2017, the Board has granted options over 90,000 ordinary shares of 10p each in the Group, all at an exercise price of 402.5p pence per share. Options were granted to the following Director:
Name | Position | Number of Options |
|
|
|
Gordon Stark | Executive Director | 50,000 |
The remainder of the options have been granted to a senior employee.
All of the options issued above are exercisable from 9 February 2020 until 9 February 2032 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.
For further information, please contact:
Keith Young, Murgitroyd Group PLC T: 07802 951913
Sandy Fraser, N+1 Singer (NOMAD and Broker) T: 020 7 496 3000
Nadja Vetter/Emma Crawshaw, Cardew Group T: 020 7 930 0777
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person closely associated.
| |
a) Name
|
Gordon Stark
|
2. Reason for the notification.
| |
a) Position/status
|
PDMR (Director)
|
b) Initial notification/amendment
|
Initial
|
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor.
| |
a) Name
|
Murgitroyd Group PLC
|
b) LEI
|
N/a
|
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
|
Options over ordinary shares of 10 pence each
GB0031067456 |
b) Nature of the transaction
|
Grant of options
|
c) Price(s) and volume(s)
|
50,000 options
Exercise price 402.5p
|
d) Aggregated information
- aggregated volume
- price
|
n/a - single transaction
|
e) Date of the transaction
|
10 February 2017 |
f) Place of the transaction
|
London Stock Exchange, AIM |