2 Jul 2020 15:57
2 July 2020
Share plc
("the Company")
Director Share Option Exercises
On 17 February 2020 the Boards of Antler Holdco Limited ("ii") (the holding company of Interactive Investor and the ii Group) and Share plc announced that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Share plc by ii ("the Acquisition"). It was proposed that the Acquisition would be implemented by way of a court sanctioned scheme of arrangement under Part 26 of the Companies Act ("the Scheme").
Share plc (AIM:SHRE.LN) announces that on 30 June Gavin Oldham (Chairman), Richard Stone (Chief Executive Officer) and Mike Birkett (Finance Director) each exercised all of their remaining share options capable of being exercised pursuant to the terms of the applicable share option scheme rules under which those options were granted and in accordance with the Rule 15 letter to share option holders issued on 29 May 2020 in consequence of the Scheme.
Gavin Oldham exercised options over a total of 259,894 Ordinary Shares all granted under the Company's Unapproved Share Option Schemes. Richard Stone exercised options over a total of 3,582,406 Ordinary Shares granted under the Company's Unapproved Share Option Schemes, the Long Term Equity Incentive Plan Scheme and the EMI Share Option Scheme. Mike Birkett exercised options over a total of 1,247,442 Ordinary Shares granted under the Company's Unapproved Share Option Schemes and the Long Term Equity Incentive Plan Scheme. Full details of the exercises by each director under each scheme grant with applicable exercise prices are set out in the table below:
Gavin Oldham (Chairman)
Scheme | Number of Options exercised | Exercise Price |
Unapproved | 162,707 | 25 pence |
Unapproved | 11,145 | 22.5 pence |
Unapproved | 11,176 | 23 pence |
Unapproved | 10,958 | 24.5 pence |
Unapproved | 10,887 | 24 pence |
Unapproved | 10,899 | 39 pence |
Unapproved | 10,655 | 38 pence |
Unapproved | 10,655 | 30 pence |
Unapproved | 10,406 | 28.5 pence |
Unapproved | 10,406 | 27.5 pence |
Richard Stone (CEO)
Scheme | Number of Options exercised | Exercise Price |
Unapproved | 103,074 | 25 pence |
Unapproved | 9,863 | 22.5 pence |
Unapproved | 1,063,750 | 1 pence |
Unapproved | 1,063,750 | 1 pence |
Unapproved | 10,899 | 39 pence |
Unapproved | 12,076 | 38 pence |
Unapproved | 12,076 | 30 pence |
Unapproved | 12,400 | 28.5 pence |
Unapproved | 12,400 | 27.5 pence |
EMI | 9,894 | 28.5 pence |
EMI | 40,931 | 25 pence |
EMI | 9,934 | 23 pence |
EMI | 10,714 | 24.5 pence |
EMI | 10,645 | 24 pence |
LTEIP | 600,000 | Nil |
LTEIP | 600,000 | Nil |
Mike Birkett (Finance Director)
Scheme | Number of Options exercised | Exercise Price |
Unapproved | 9,446 | 39 pence |
Unapproved | 9,511 | 38 pence |
Unapproved | 9,511 | 30 pence |
Unapproved | 9,487 | 28.5 pence |
Unapproved | 9,487 | 27.5 pence |
LTEIP | 600,000 | Nil |
LTEIP | 600,000 | Nil |
Following these share option exercises, Gavin Oldham's aggregate shareholding has increased to 34,909,971 Ordinary Shares, representing approximately 23.15% of the current issued Ordinary Shares. The total holding of the Gavin Oldham family concert party (which includes Mr Oldham) is now 99,196,957 Ordinary Shares, which represents approximately 65.78% of the current issued Ordinary Shares.
Richard Stone's aggregate shareholding has increased to 4,702,724 Ordinary Shares (representing 3.12% of the current issued Ordinary Shares). Mr Stone and persons closely associated with him now hold 4,779,643 Ordinary Shares (representing 3.17% of the current issued Ordinary Shares).
Mike Birkett's aggregate shareholding has increased to 1,361,030 Ordinary Shares (representing 0.9% of the current issued Ordinary Shares).
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
|
Gavin Oldham | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chairman | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Share plc | ||||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||||
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
| |||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||||
b)
| Nature of the transaction
| Exercise of Unapproved Share Scheme Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
259,894
£0.263 | ||||||
e)
| Date of the transaction
| 30/06/20 | ||||||
f)
| Place of the transaction
| XOFF | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
|
Richard Stone | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| CEO | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Share plc | ||||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||||
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
Transaction 1 | |||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||||
b)
| Nature of the transaction
| Exercise of Unapproved Share Scheme Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
2,310,694
£0.031 | ||||||
e)
| Date of the transaction
| 30/06/20 | ||||||
f)
| Place of the transaction
| XOFF | ||||||
Transaction 2 | ||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||||
b)
| Nature of the transaction
| Exercise of Long Term Equity Incentive Plan Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,200,000
nil
| ||||||
e)
| Date of the transaction
| 30/06/20 | ||||||
f)
| Place of the transaction
| XOFF | ||||||
Transaction 3 | ||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||||
b)
| Nature of the transaction
| Exercise of Enterprise Management Incentive Share Scheme Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
82,118
£0.25
| ||||||
e)
| Date of the transaction
| 30/06/20 | ||||||
f)
| Place of the transaction
| XOFF | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Mike Birkett | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Finance Director | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Share plc | ||||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||||
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
Transaction 1 | |||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||||
b)
| Nature of the transaction
| Exercise of Unapproved Share Scheme Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
47,442
£0.326 | ||||||
e)
| Date of the transaction
| 30/06/20 | ||||||
f)
| Place of the transaction
| XOFF | ||||||
Transaction 2 | ||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||||
b)
| Nature of the transaction
| Exercise of Long Term Equity Incentive Plan Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,200,000
Nil | ||||||
e)
| Date of the transaction
| 30/06/20 | ||||||
f)
| Place of the transaction
| XOFF | ||||||
For more information, please contact:
Share plc | 01296 414141 |
Richard Stone, Chief Executive | |
Giles Pemberton, Company Secretary | |
Cenkos Securities plc, Nominated Adviser and Broker | 020 7397 8900 |
Katy Birkin/Mark Connelly |