Portmeirion Group PLC Executive Share Option Grants (8327L)
04 Mayo 2020 - 5:42AM
UK Regulatory
TIDMPMP
RNS Number : 8327L
Portmeirion Group PLC
04 May 2020
4 May 2020
Portmeirion Group PLC
(the "Company")
Executive Share Option Grants
The Company announces that, on 4 May 2020, it granted options to
Directors and senior managers over a total of 200,500 ordinary
shares of 5 pence each in the Company ("Ordinary Shares") pursuant
to The Portmeirion 2012 Approved Share Option Plan and The
Portmeirion 2012 Unapproved Share Option Plan (the "2012
Plans").
The options are subject to the achievement of performance
criteria as determined by the Remuneration Committee, and as
required under the 2012 Plans. The options granted on 4 May 2020
are normally only exercisable if t he increase in the average of
the Group's basic adjusted earnings per share (as adjusted for
changes in accounting standards and exceptional items) for each of
the two years ending 31 December 2021 and 31 December 2022 is at
least 10% higher than that for the year ended 31 December 2019. The
exercise price of the options is in reference to the closing middle
market price of an Ordinary Share on 1 May 2020, being the latest
date prior to the grant. Of the total number of options granted,
160,500 options over Ordinary Shares were granted to persons
discharging managerial responsibilities ("PDMRs") of the Company,
as detailed below:
Exercise
Number price
options per Ordinary
granted Share Exercise period
Company directors/officers:
Group Sales & Marketing 5 May 2023 - 3 May
Philip Atherton Director 21,000 GBP4.46 2030
------------------------- --------- -------------- -------------------
Michael Raybould Chief Executive 40,000 GBP4.46 5 May 2023 - 3 May
2030
------------------------- --------- -------------- -------------------
Michael Knapper Operations Director 21,000 GBP4.46 5 May 2023 - 3 May
2030
------------------------- --------- -------------- -------------------
David Sproston Group Finance Director 29,000 GBP4.46 5 May 2023 - 3 May
2030
------------------------- --------- -------------- -------------------
Moira MacDonald Group Company Secretary 7,500 GBP4.46 5 May 2023 - 3 May
2030
------------------------- --------- -------------- -------------------
Subsidiary company directors:
Robert Findler Production Director 6,000 GBP4.46 5 May 2023 - 3 May
(Portmeirion UK) 2030
------------------------- --------- -------------- -------------------
Samantha Pearce HR Director (Portmeirion 6,000 GBP4.46 5 May 2023 - 3 May
UK) 2030
------------------------- --------- -------------- -------------------
Jacqui Gale Managing Director (Wax 10,000 GBP4.46 5 May 2023 - 3 May
Lyrical) 2030
------------------------- --------- -------------- -------------------
William Robedee President (Portmeirion 15,000 GBP4.46 5 May 2023 - 3 May
USA) 2030
------------------------- --------- -------------- -------------------
Allison Bertorelli Chief Financial Officer 5,000 GBP4.46 5 May 2023 - 3 May
(Portmeirion USA) 2030
------------------------- --------- -------------- -------------------
Total: 160,500 GBP4.46 5 May 2023 - 3 May
2030
------------------------- --------- -------------- -------------------
The total number of Ordinary Shares over which each PDMR holds
options following this notification is:
Total number of
options
over Ordinary Shares
Philip Atherton 16,499
Michael Raybould -
Michael Knapper 2,511
David Sproston -
Moira MacDonald 2,693
Robert Findler -
Samantha Pearce 100
Jacqui Gale -
William Robedee -
Allison Bertorelli -
Dick Steele, Chairman commented:
With the challenges that Covid-19 has brought to businesses
worldwide, it is as important as ever that we incentivise and
retain our key directors and senior managers to drive our business
through this period of uncertainty. Performance-related s hare
options are a powerful tool to do just that whilst aligning their
interests with those of shareholders .
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 (MAR).
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons
discharging managerial responsibilities / person closely associated
with them.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Company directors/officers:
Group Sales &
Philip Atherton Marketing Director
-------------------------
Michael Raybould Chief Executive
-------------------------
Michael Knapper Operations Director
-------------------------
David Sproston Group Finance Director
-------------------------
Moira MacDonald Group Company Secretary
-------------------------
Subsidiary company directors:
Robert Findler Production Director
(Portmeirion UK)
-------------------------
Samantha Pearce HR Director (Portmeirion
UK)
-------------------------
Jacqui Gale Managing Director (Wax
Lyrical)
-------------------------
William Robedee President (Portmeirion
USA)
-------------------------
Allison Bertorelli Chief Financial Officer
(Portmeirion USA)
-------------------------
------------------------------- ------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions
- all classified as PDMRs of the
Company
------------------------------- ------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Portmeirion Group PLC
------------------------------- ------------------------------------------------
b) LEI 2138003QC9J6TLZJHO70
------------------------------- ------------------------------------------------
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 Ordinary Shares of 5 pence each
instrument
------------------------------- ------------------------------------------------
b) Identification code GB0006957293
------------------------------- ------------------------------------------------
c) Nature of the transactions Grant of options over Ordinary Shares
------------------------------- ------------------------------------------------
d) Price(s) and volume(s) Price at grant: Nil
Exercise Price: 446 pence per Ordinary
Share
Volume(s) Options
over Ordinary
Shares
Philip Atherton 21,000
---------------
Michael Raybould 40,000
---------------
Michael Knapper 21,000
---------------
David Sproston 29,000
---------------
Moira MacDonald 7,500
---------------
Robert Findler 6,000
---------------
Samantha Pearce 6,000
---------------
Jacqui Gale 10,000
---------------
William Robedee 15,000
---------------
Allison Bertorelli 5,000
---------------
------------------------------- ------------------------------------------------
e) Aggregated information Nil, grant of options only
* Aggregated volume
* Price
------------------------------- ------------------------------------------------
f) Date of the transactions 4 May 2020
------------------------------- ------------------------------------------------
f) Place of the transactions Off-market
------------------------------- ------------------------------------------------
Name of authorised official of issuer responsible for making
notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC:
Mike Raybould +44 (0) 1782 743 mraybould@portmeiriongroup.com
Chief Executive Officer 444
David Sproston +44 (0) 1782 743 dsproston@portmeiriongroup.com
Group Finance Director 444
Hudson Sandler:
Dan de Belder +44 (0) 207 796 ddebelder@hudsonsandler.com
Nick Moore 4133 nmoore@hudsonsandler.com
Panmure Gordon:
(Nominated Adviser and +44 (0) 207 886
Broker) 2500
Freddy Crossley / Joanna Corporate Finance
Langley
James Stearns Corporate Broking
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END
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May 04, 2020 06:42 ET (10:42 GMT)
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