MUR.L Regulatory News (MUR)

RNS Number : 6464W

Murgitroyd Group PLC

10 February 2017

 

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

 

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