TIDMFLK

RNS Number : 1975L

Fletcher King PLC

28 April 2020

Fletcher King plc

Option Surrender

Fletcher King plc (the "Company") announces that, further to the announcements of 1 March 2019 and 19 October 2016, the holders of all 1,240,000 options issued under the Company's Enterprise Management Incentive ("EMI") plan have today surrendered the options.

The Company has no short term intention to issue any EMI options to replace the surrendered options. In either the medium term or at such point as the markets in which the Company operates recover from the current COVID-19 situation, the Company expects to construct a suitable incentivisation structure to attract and motivate employees and directors of the Company to drive its business forward in the future.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

Cairn Financial Advisers LLP

James Caithie / Tony Rawlinson

Tel: 020 7213 0880

 
 Notification of a Transaction pursuant to Article 19(1) of 
  Regulation (EU) No. 596/2014 
 Details of the person discharging managerial responsibilities/person 
  closely associated 
 Name                             a) Richard Goode 
                                   b) Robert Dickman 
                                   c) Paul Andrews 
                                   d) Peter Bailey 
                                   e) David Fletcher 
                            ----------------------------------------------------- 
 Reason for notification 
                            ----------------------------------------------------- 
 Position/Status                  a) Director 
                                   b) Director 
                                   c) Director 
                                   d) Director 
                                   e) Director 
                            ----------------------------------------------------- 
 Initial notification/       Initial notification 
  Amendment 
                            ----------------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                        Fletcher King plc 
                            ----------------------------------------------------- 
 LEI                            21380047ETCYL7UA8W49 
                            ----------------------------------------------------- 
 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 
 Description of              Options over ordinary shares of 10p each 
  the financial 
  instrument, type 
  of instrument               GB0003425310 
 
  Identification 
  Code 
                            ----------------------------------------------------- 
 Nature of the               Option surrender under EMI plan 
  transaction 
                            ----------------------------------------------------- 
 
 Price(s) and volume(s)       Price(s)    Volume(s) 
                              a) 48.5p    a) 100,000 
                               a) 46p      a) 100,000 
                               b) 48.5p    b) 100,000 
                               b) 46p      b) 150,000 
                               c) 48.5p    c) 100,000 
                               c) 46p      c) 150,000 
                               d) 48.5p    d) 100,000 
                               d) 46p      d) 100,000 
                               e) 48.5p    e) 100,000 
                             ----------  ------------ 
 
 
 Aggregated information 
   - Aggregated 
   Volume                     1,000,000 
   - Price                     46p / 48.5p 
                            ----------------------------------------------------- 
 Date of the transaction     28 April 2020 
                            ----------------------------------------------------- 
 Place of the transaction    Outside a trading venue 
                            -----------------------------------------------------

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END

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April 28, 2020 09:07 ET (13:07 GMT)

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