30 May 2017 17:43
TOTAL PRODUCE PLC
(the 'Company')
The Company announces that it received notification from the following Executive Directors (the "Directors") of the Company on 30 May 2017, that they had exercised their share options as detailed below.
Name
| Exercise Price Options GrantedSept 2007 | Number of Shares | Exercise Price Options GrantedMarch 2008 | Number of Shares |
Carl McCann | €0.65 | 275,000 | €0.60 | 300,000 |
Rory Byrne | €0.65 | 275,000 | €0.60 | 300,000 |
John F. Gernon | €0.65 | 200,000 | €0.60 | 190,000 |
Frank Davis | €0.65 | 160,000 | €0.60 | 140,000 |
The Directors further advised the Company that they had sold sufficient shares in the Company at a price of €2.01 to cover all taxes and exercise costs associated with the exercise and purchase of their respective option shares.
Details of these transactions are set out in the attached notifications made in accordance with Article 19 of Regulation (EU) No 596/2014.
Following these transactions the Directors' shareholdings in the Company are as follows:
Name | No. of Shares | Percentage of Issued Share Capital |
Carl McCann | 4,403,085 | 1.34 |
Rory Byrne | 2,536,967 | 0.78 |
John F. Gernon | 1,384,771 | 0.43 |
Frank Davis | 1,764,494 | 0.54 |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||||||
a) | Name | CARL MCCANN
| ||||||||||
Reason for the notification
| ||||||||||||
a) | Position/status | CHAIRMAN, DIRECTOR AND PDMR
| ||||||||||
b) | Initial Notification Amendment | INITIAL NOTIFICATION
| ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name | TOTAL PRODUCE PLC | ||||||||||
b) | LEI | 635400K7UEIKHMNKLJ02
| ||||||||||
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 €0.01 EACH
ISIN IE00B1HDWM43 | ||||||||||
b) | Nature of the transaction | 1. ACQUISITION OF 275,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN SEPTEMBER 2007 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.65 PER SHARE
2. ACQUISITION OF 300,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN MARCH 2008 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.60 PER SHARE
3. SALE OF 375,000 ORDINARY SHARES TO FUND ALL TAXES AND EXERCISE COSTS ASSOCIATED WITH THE EXERCISE OF OPTIONS LISTED IN 1. AND 2. ABOVE
| ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||||||||
e) | Date of the transaction | 1.2017-05-30 2. 2017-05-30 3. 2017-05-30 | ||||||||||
f) | Place of the transaction | DUBLIN
| ||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||||
a) | Name | RORY BYRNE
| ||||||||
Reason for the notification
| ||||||||||
a) | Position/status | CHIEF EXECUTIVE OFFICER, DIRECTOR AND PDMR
| ||||||||
b) | Initial Notification Amendment | INITIAL NOTIFICATION
| ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | TOTAL PRODUCE PLC | ||||||||
b) | LEI | 635400K7UEIKHMNKLJ02
| ||||||||
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 €0.01 EACH
ISIN IE00B1HDWM43 | ||||||||
b) | Nature of the transaction | 1. ACQUISITION OF 275,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN SEPTEMBER 2007 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.65 PER SHARE
2. ACQUISITION OF 300,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN MARCH 2008 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.60 PER SHARE
3. SALE OF 375,000 ORDINARY SHARES TO FUND ALL TAXES AND EXERCISE COSTS ASSOCIATED WITH THE EXERCISE OF OPTIONS LISTED IN 1. AND 2. ABOVE
| ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||||||
e) | Date of the transaction | 1. 2017-05-30 2. 2017-05-30 3. 2017-05-30 | ||||||||
f) | Place of the transaction | DUBLIN
| ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||||
a) | Name | FRANK DAVIS
| ||||||||
Reason for the notification
| ||||||||||
a) | Position/status | FINANCE DIRECTOR AND PDMR
| ||||||||
b) | Initial Notification Amendment | INITIAL NOTIFICATION
| ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | TOTAL PRODUCE PLC | ||||||||
b) | LEI | 635400K7UEIKHMNKLJ02
| ||||||||
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 €0.01 EACH
ISIN IE00B1HDWM43 | ||||||||
b) | Nature of the transaction | 1. ACQUISITION OF 160,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN SEPTEMBER 2007 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.65 PER SHARE
2. ACQUISITION OF 140,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN MARCH 2008 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.60 PER SHARE
3. SALE OF 202,000 ORDINARY SHARES TO FUND ALL TAXES AND EXERCISE COSTS ASSOCIATED WITH THE EXERCISE OF OPTIONS LISTED IN 1. AND 2. ABOVE
| ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||||||
e) | Date of the transaction | 1.2017-05-30 2. 2017-05-30 3. 2017-05-30 | ||||||||
f) | Place of the transaction | DUBLIN
| ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||||||
a) | Name | JOHN F. GERNON
| ||||||||
Reason for the notification
| ||||||||||
a) | Position/status | DIRECTOR AND PDMR
| ||||||||
b) | Initial Notification Amendment | INITIAL NOTIFICATION
| ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | TOTAL PRODUCE PLC | ||||||||
b) | LEI | 635400K7UEIKHMNKLJ02
| ||||||||
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 €0.01 EACH
ISIN IE00B1HDWM43 | ||||||||
b) | Nature of the transaction | 1. ACQUISITION OF 200,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN SEPTEMBER 2007 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.65 PER SHARE
2. ACQUISITION OF 190,000 ORDINARY SHARES ON THE EXERCISE OF VESTED OPTIONS GRANTED IN MARCH 2008 UNDER THE TOTAL PRODUCE PLC EMPLOYEE SHARE OPTION SCHEME AT AN EXERCISE PRICE OF €0.60 PER SHARE
3. SALE OF 263,000 ORDINARY SHARES TO FUND ALL TAXES AND EXERCISE COSTS ASSOCIATED WITH THE EXERCISE OF OPTIONS LISTED IN 1. AND 2. ABOVE
| ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||||||
e) | Date of the transaction | 1.2017-05-30 2. 2017-05-30 3. 2017-05-30 | ||||||||
f) | Place of the transaction | DUBLIN
| ||||||||
TOT.L (TOT)