30 Jun 2020 10:15
30 June 2020
Share plc
("the Company")
Expiry of Share Options Grant
Share plc (AIM:SHRE.LN) announces that on 25 June 2020 the trustees of the Co-Ownership Equity Plan Share Incentive Scheme (Sharesecure Limited and Richard Tolkien) reached agreement with Richard Stone, Chief Executive Officer of the Company, to amend the terms of the agreement between them of 29 June 2010 ("the Co-Ownership Agreement") of which Mr Stone was the intended beneficiary. The effect of the amendment was to bring forward the expiry date of the grant made to Mr Stone on 29 June 2010 over 39,788 shares with a strike price of 32 pence ("the Grant"). The expiry date for the Grant was brought forward from 29 June 2020 to 25 June 2020.
As a result of the amendment to the Co-Ownership Agreement the Grant expired with effect from 25 June 2020. Consequently Mr Stone's rights in the shares held by the Trustee were relinquished on that date and the shares were sold in line with the rules of the scheme without any benefit accruing to Mr Stone.
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
|
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
| Expiry of share options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| ||||
e)
| Date of the transaction
| 25/06/20 | ||||
f)
| Place of the transaction
| XOFF | ||||
For more information, please contact:
Share plc | 01296 414141 |
Giles Pemberton, Company Secretary | |
Cenkos Securities plc, Nominated Adviser and Broker | 020 7397 8900 |
Mark Connelly/Katy Birkin |