11 Dec 2017 13:06
11 December 2017
Richoux Group plc(the "Company")
Grant of Options
The Company announces that, on 11 December 2017, it granted options over 300,000 ordinary shares of 4 pence each in the capital of the Company ("Options") to Salvatore Diliberto, Non-Executive Director, pursuant to the Company's Unapproved Share Option Scheme 2014. Salvatore Diliberto now holds Options over 1,300,000 ordinary shares.
The Options are exercisable at a price of 14 pence per share, being the closing price on 8 December 2017; and vest between 3 and 10 years from the date of grant.
Following the above grant, the Company has a total of 5,354,003 ordinary shares under option, representing approximately 4.3 per cent of the Company's issued share capital.
ENQUIRIES:
Richoux Group plc
Susan Ludley (020) 7483 7000
Cenkos Securities plc
Bobbie Hilliam (020) 7397 8900
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Salvatore Diliberto | |
2 | Reason for the notification | ||
a) | Position/Status:
| Non-Executive Director | |
b) | Initial Notification/Amendment:
| Initial Notification | |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Name: | Richoux Group plc | |
b) | LEI: | 2138001QX7TELHBM9E27 | |
4. | Details of 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: Identification code: | Options over ordinary shares of 4 pence each in the capital of the Company ISIN: GB00B0NYFG99 | |
b) | Nature of the transaction: | Grant of Options | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
- | 300,000 | ||
d) | Aggregated volume: Price: | N/A - single transaction | |
e) | Date of the Transaction: | 11 December 2017 | |
f) | Place of the Transaction: | Outside a trading venue | |