Last checked at 26 Jun 2014 09:40
26 June 2014
NAHL Group Plc
("NAHL" or the "Company")
SAYE Option Scheme
NAHL Group Plc, a leading UK consumer marketing business focused on the UK personal injury market, announces a successful take-up of the Company's new SAYE option scheme (the "Scheme"), with 56 employees choosing to partake in the Scheme.
The Scheme was set up immediately prior to admission to trading on AIM ("Admission"), and it was anticipated that options ("Options") over the Company's ordinary Shares of £0.0025 ("Ordinary Shares") would be granted to UK-based employees of NAHL who are eligible ("Eligible Employees") according to the criteria set by the Company's remuneration committee.
270,448 Options were granted to Eligible Employees, representing 0.7% of NAHL's existing issued share capital of 41,150,000 Ordinary Shares. Under the terms of the Scheme, the Options were granted at an exercise price of £1.60, being 80% of the placing price upon Admission. The granting of these Options were formally approved by the Board on 23 June 2014.
Eligible Employees who are partaking in the Scheme have committed to contributing between £5 and £500 per month over a three to five year period. At the end of that contracted period, their accumulated funds can then be withdrawn from the Scheme as cash or used to exercise the Options at the contracted exercise price.
Two of NAHL's directors, Russell Atkinson and Stephen Dolton, have contracted to enter into this Scheme, as follows:
Director | No. of Options granted | Monthly Saving | Term of SAYE savings contract | Option price |
Russell Atkinson (CEO)
| 11,250 | £500 | 3 years | £1.60 |
Stephen Dolton (CFO)
| 11,250 | £500 | 3 years | £1.60 |
Russell Atkinson holds 340,780 Ordinary Shares, representing 0.83% of the Company's existing issued share capital and, upon Admission, was granted a further 437,500 Ordinary Shares in respect of an EMI plan and an LTIP scheme.
Stephen Dolton holds 851,498 Ordinary Shares, representing 2.07% of the Company's existing issued share capital and, upon Admission, was granted a further 362,500 Ordinary Shares in respect of an EMI plan and an LTIP scheme.
For Further information please call:
NAHL Group Limited | Tel: +44 (0) 1536 488 540 |
Russell Atkinson (CEO) | |
Steve Dolton (CFO) |
Execution Noble & Company Limited, trading as Espirito Santo Investment Bank (Nominated Adviser & Broker) | Tel: +44 (0) 20 7456 9191 |
John Llewellyn-Lloyd | |
Harry Stockdale |
FTI Consulting (Financial PR) | Tel: +44 (0) 20 3727 1000 |
Oliver Winters | |
Alex Beagley |
Notes to Editors
NAHL is a leading UK consumer marketing business focused on the UK personal injury market, advertising through its core brand - National Accident Helpline. Having been established in 1993, the Group's business has grown to become the largest outsourced marketing services provider to the personal injury market - a market which is valued at approximately £3 billion in fees generated mainly by law firms. NAHL's core business model is based on enquiry origination through direct response marketing, connecting claimants, who have been injured in non-fault accidents, with specialist law firms.
More information is available at www.nahlgroupplc.co.uk and www.national-accident-helpline.co.uk.