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28 Jun 2019 12:13
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
WH Ireland Group Plc
("WH Ireland" or the "Company")
Issue of Options
PDMR shareholding
The Company confirms today that it has issued options over 1,400,000 shares to certain directors, employees, consultants and PDMRs of the Company, the details of which are set out below (the "Options").
The Options are being granted with an exercise price of 45p and vest on the third anniversary of the date of grant. They remain, however, conditional on the continued employment of the recipient at the date of exercise. Out of the total 1,400,000 Options, 1,175,000 Options have been granted under the Long Term Incentive Plan 2017 (the "LTIP") to certain directors and employees. The remaining 225,000 Options have been granted to a consultant and as such are subject to shareholder approval which will be sought at the forthcoming annual general meeting.
The Options granted under the LTIP are over Ordinary Shares in the Company which are already in issue and held by the Sanne Trust, and therefore the exercise of these options will not affect the number of shares in issue in the Company.
In accordance with the agreement with Polygon Global Partners LLP ("Polygon"), announced on 17 October 2017, Polygon has consented to the issue of these share options.
Following the grant of the Options set out in the table below, the total interest in shares and options held by the PDMRs set out in this announcement are as follows:
Name of PDMR | Options Granted | Total Options Held | Total Equity Held |
Phillip Wale | 500,000 | 500,000 | Nil |
Philip Tansey | 200,000 | 200,000 | Nil |
Adam Pollock | 150,000 | 350,000 | 45,159 |
Stephen Ford | 150,000 | 150,000 | 265,765 |
Katy Mitchell | 100,000 | 115,000 | 1,000 |
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Philip Wale | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | WH Ireland Group plc | ||||||
b) | LEI | 213800HB9TO5O4WD6S66 | ||||||
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 | Option over ordinary shares of 0.5 pence each
GB0009241885 | ||||||
b) | Nature of the transaction | Grant of option | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||||
e) | Date of the transaction | 28/06/2019 | ||||||
f) | Place of the transaction | N/A | ||||||
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Philip Tansey | ||||||
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 | WH Ireland Group plc | ||||||
b) | LEI | 213800HB9TO5O4WD6S66 | ||||||
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 | Option over ordinary shares of 0.5 pence each
GB0009241885 | ||||||
b) | Nature of the transaction | Grant of option | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||||
e) | Date of the transaction | 28/06/2019 | ||||||
f) | Place of the transaction | N/A | ||||||
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Adam Pollock | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Head of CIB | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | WH Ireland Group plc | ||||||
b) | LEI | 213800HB9TO5O4WD6S66 | ||||||
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 | Option over ordinary shares of 0.5 pence each
GB0009241885 | ||||||
b) | Nature of the transaction | Grant of option | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||||
e) | Date of the transaction | 28/06/2019 | ||||||
f) | Place of the transaction | N/A | ||||||
|
| |||||||
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Stephen Ford | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Head of Private Wealth Management | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | WH Ireland Group plc | ||||||
b) | LEI | 213800HB9TO5O4WD6S66 | ||||||
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 | Option over ordinary shares of 0.5 pence each
GB0009241885 | ||||||
b) | Nature of the transaction | Grant of option | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||||
e) | Date of the transaction | 28/06/2019 | ||||||
f) | Place of the transaction | N/A | ||||||
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Katy Mitchell | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Group Company Secretary | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | WH Ireland Group plc | ||||||
b) | LEI | 213800HB9TO5O4WD6S66 | ||||||
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 | Option over ordinary shares of 0.5 pence each
GB0009241885 | ||||||
b) | Nature of the transaction | Grant of option | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction
| ||||||
e) | Date of the transaction | 28/06/2019 | ||||||
f) | Place of the transaction | N/A | ||||||
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Phillip Wale, Chief Executive Officer +44(0) 20 7220 1666
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott, Miriam Greenwood +44(0) 20 3368 3555
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