Last checked at 1 Apr 2011 16:18
Portmeirion Group PLC
(the "Company")
Exercise of Options & Directors Dealings
1 April 2011
The Company announces that on 1 April 2011 three directors of the Company exercised options under The Portmeirion 2002 Share Option Scheme to subscribe for a total of 147,144 ordinary shares of 5p each in the Company ("Ordinary Shares"). Accordingly, the Company issued and allotted 147,144 Ordinary Shares.
The options were exercised as follows:
DIRECTOR | NUMBER OF OPTIONS EXERCISED | EXERCISE PRICE PER SHARE |
L. Bryan (Chief Executive) | 57,144 | £3.45 |
M. Haynes (Group Sales & Marketing Director) | 45,000 | £3.45 |
B. W. J. Phillips (Finance Director) | 45,000 | £3.45 |
Application has been made for 147,144 Ordinary Shares to be admitted to trading on AIM and trading of these shares is expected to commence on or around 4 April 2011.
The Company was also informed on 1 April 2011 that on 1 April 2011 the above three directors of the Company subsequently sold a total of 110,821 Ordinary Shares at 488p per share, this amount largely being sufficient to pay their associated costs, as follows:
DIRECTOR | NUMBER OF SHARES SOLD | TOTAL HOLDING POST EXERCISE AND SALE | PERCENTAGE HOLDING POST EXERCISE AND SALE |
Lawrence Bryan | 40,621 | 218,523 | 2.15% |
Michael Haynes | 32,700 | 37,300 | 0.37% |
Brett Phillips | 37,500 | 47,955 | 0.47% |
Following this notification, the Company has 10,710,174 Ordinary Shares in issue and 10,149,956 Ordinary Shares with voting rights. The total number of Ordinary Shares now held by the Company in treasury is 560,218.
Enquiries: | ||
Dick Steele | Non-executive Chairman | 01782 744721 |
Brett Philips | Group Finance Director | 01782 744721 |
Pelham Bell Pottinger | 020 7861 3881 | |
Dan De Belder | ||
Seymour Pierce Limited (Nominated Adviser and Broker) | 020 7107 8000 | |
Freddy Crossley/ Catherine Leftley | Corporate Finance | |
David Banks/Katie Ratner | Corporate Broking | |