2 Oct 2017 15:51
2 October 2017
Redhall Group plc
("Redhall" or the "Company")
Grant of award under the Redhall 2007 Discretionary Share Option Plan (the "Plan")
The Company announces that on 29 September 2017, the Remuneration Committee of the Board of Redhall (the "Remuneration Committee") granted 2,000,000 options (the "Options") over ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") to Wayne Pearson, an executive director of the Company, in accordance with the terms of the Plan.
The Options, which are granted at a price of 9.375 pence (the closing price of an Ordinary Share on 29 September 2017) and are exercisable at a price of 16.2 pence, shall vest on 29 September 2020 subject to the achievement by the Company of performance targets set by the Remuneration Committee and linked to the growth in the price of Ordinary Shares (the "Vesting Conditions").
Subject to the achievement of the Vesting Conditions, the Options will be exercisable into Ordinary Shares by Wayne Pearson between 29 September 2020 and 29 September 2027.
The Company publicly discloses the following notifications:
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Wayne Pearson | ||||
2
| Reason for the notification
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a)
| Position/status
| Chief Operating Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Redhall Group plc | ||||
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
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a)
| Description of the financial instrument, type of instrument
Identification code
| Award of options over Ordinary Shares
GB0001112035
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b)
| Nature of the transaction
| Award made pursuant to the Redhall 2007 Discretionary Share Option Plan
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c)
| Price(s) and volume(s)
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d)
| Aggregated information
- Aggregated volume
- Price
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NA | ||||
e)
| Date of the transaction
| 29 September 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Contact details:
Redhall Group plc | Tel: +44 (0) 1924 385 386 |
Phil Brierley, Chief Executive Chris Kelly, Group Finance Director |
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Buchanan | Tel: +44 (0) 20 7466 5000 |
Mark Court, Sophie Cowles |
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GCA Altium, NOMAD |
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Tim Richardson, Simon Lord | Tel: +44 (0) 845 505 4343 |
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WH Ireland, Broker |
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Adrian Hadden, Ed Allsopp | Tel: +44 (0) 20 7220 1666 |