8 Feb 2016 07:00
For immediate release | 8 February 2016 |
Redhall Group plc
("Redhall" or the "Group")
Grant of Options
Redhall Group plc (AIM: RHL), the manufacturing and specialist services group, announces that, it has allocated 3,000,000 options over ordinary shares of 0.01p each to senior managers of the Group under the Redhall Long Term Incentive Plan ("LTIP"). The vesting of these awards is subject to the satisfaction of performance conditions including 30 per cent. compound annual total shareholder return based upon the share price at date of grant over a performance period of two years.
The Directors believe that equity incentives are and will continue to be an important means of retaining, attracting and motivating senior management. Further details of the LTIP are set out in the circular to shareholders dated 11 September 2015 and are available on Redhall's website at www.redhallgroup.co.uk.
Contact details:
Redhall Group plc | Tel: +44 (0) 1924 385 386 |
Phil Brierley, Chief Executive Chris Kelly, Group Finance Director | |
Buchanan | Tel: +44 (0) 20 7466 5000 |
Mark Court, Sophie Cowles, Jane Glover | |
Altium, NOMAD and Financial Advisors | |
Simon Lord, Paul Lines | Tel: +44 (0) 845 505 4343 |
WH Ireland, Broker | |
Adrian Hadden, Liam Gribben | Tel: +44 (0) 20 7220 1666 |
RHL.L (RHL)