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19 Apr 2011 07:00
Portmeirion Group PLC
(the "Company")
Exercise of Options
19 April 2011
The Company announces that on 18 April 2011 two directors of the Company exercised options under The Portmeirion 2002 Share Option Scheme to subscribe for a total of 62,000 ordinary shares of 5p each in the Company ("Ordinary Shares").
The options were exercised by directors of the Company as follows:
DIRECTOR | NUMBER OF OPTIONS EXERCISED | EXERCISE PRICE PER SHARE |
L. Bryan (Chief Executive) | 38,000 | £2.60 |
M. Haynes (Group Sales & Marketing Director) | 24,000 | £2.60 |
The total number of Ordinary shares which the Director holds following this notification is:
Total number Ordinary shares held | |
Lawrence Bryan | 256,523 |
Michael Haynes | 61,300 |
The Company also announces that two employees of the Company exercised options under The Portmeirion 2002 Share Option Scheme to subscribe for a total of 18,000 ordinary shares of 5p each in the Company.
Accordingly, the Company has issued and allotted 80,000 Ordinary Shares.
The Company has transferred 62,000 shares from a number of shares held in treasury by the Company and the balance of 18,000 will be issued as new shares. The total number of Ordinary Shares now held by the Company in treasury is 498,218. The Company has 10,728,174 Ordinary Shares in issue and 10,229,956 Ordinary Shares with voting rights following this notification.
Application has been made for 80,000 Ordinary Shares to be admitted to trading on AIM and trading of these shares is expected to commence on or around 26 April 2011.
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 | |
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