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22 May 2015 07:00
RTC Group plc
("RTC" or the "Group")
Grant of Share Options
RTC announces the grant of share options over a total of 560,002 existing ordinary shares of one penny each in the Company ("Ordinary Shares") to members of the Group Board and to key management personnel throughout the Group ("Options"). The Ordinary Shares over which the Options have been granted are held in the Group's Employee Benefit Trust. The Options were granted under the Company's Long-Term Incentive Plan ("LTIP") and EMI 2001 Share Option Scheme ("EMI Scheme") on 22 May 2015 as follows:
Name | Position | No. of Options granted | Total no. of Options now held | % of issued share capital |
B Douie¹ A Pendlebury¹ | Executive Chairman Group Chief Executive Officer | 28,572 128,572 | 103,572 233,572 | 0.7% 1.6% |
S Dye¹ | Group Finance Director | 112,858 | 282,858 | 2.0% |
Group wide² | Key management personnel | 290,000 | 1,140,000 | 8.0% |
560,002 | 1,760,002 | 12.3% |
¹ the exercise of certain of these options is subject to the achievement of certain performance conditions set out within the LTIP
² the exercise of certain of these options is subject to the achievement of certain performance conditions
The exercise price of the Options is nil pence per share. The market price at date of grant, which equates to the closing middle market price of an Ordinary Share as at the close of business on 21 May 2015, is 70p. Subject to the achievement of performance conditions in certain cases as indicated above, the options can be exercised at any time from 22 May 2018 to 22 May 2025.
There are now a total of 1,200,000 Options over new Ordinary Shares outstanding, representing approximately 8.4% of the Company's current issued share capital and a total of 560,002 options over existing shares in the Group's Employee Benefit Trust. Options over 115,579 existing shares in the Group's Employee Benefit Trust and a further 123,725 new shares have been reserved for future grants under the Group's LTIP and for future key employees.
ENDS
Enquiries:
RTC Group plc Bill Douie, Executive Chairman Andy Pendlebury, CEO Sarah Dye, Group Finance Director |
Tel: 01332 861 844 Tel: 07766 505 402 |
WH Ireland (Nominated Adviser and Broker) Andrew Kitchingman / Liam Gribben
| Tel: 0113 394 6600 |
About RTC
RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.
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Global Staffing Solutions predominantly provides managed service solutions for international clients.
www.rtcgroupplc.co.uk
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