13 Nov 2017 16:50
13 November 2017
Lakehouse plc (the "Company")
Notification of Transaction by Directors/PDMRs
Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR's) and persons closely associated with them. Jeremy Simpson's total beneficial interest in the Company remains unchanged at 342,606 Ordinary Shares, representing 0.22% of the issued share capital of the Company.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Jeremy Simpson | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer (PDMR) | |
b) | Initial notification/ Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name
| Lakehouse plc | |
b) |
LEI | N/A | |
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 | An option to acquire ordinary shares of 10p each in the capital of Lakehouse plc ("Shares") | |
b) |
Nature of the transaction | Grant of an award structured as a nil-cost option (with zero exercise price per Share) over 500,000 Shares ("Award"), under, and subject to, the terms of the Lakehouse plc Special Incentive Award Plan ("Plan"). The number of shares in respect of which the award may ultimately be exercised will be dependent upon the extent to which the performance conditions set out in the Plan are satisfied but in all circumstances, cannot exceed 1,000,000 Shares (maximum vesting if the performance conditions are met in full). The award will normally become capable of exercise on the day after the first to occur of: (i) 31 January 2019; or (ii) the date that the audited financial results for the Financial year ending 30 September 2018 are published ("Vesting Date") and will cease to be capable of exercise (and lapse) on the day immediately before the second anniversary of such Vesting Date. | |
c) |
Price(s) and volume(s)
| Price(s) | Volume(s) |
Nil per share | 500,000 | ||
d) | Aggregated information - Aggregated price - Aggregated volume - Aggregated total | N/A - single transaction | |
e) |
Date of the transaction | 13 November 2017 | |
f) |
Place of the transaction | United Kingdom | |
g) | Additional Information |
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