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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fletcher King | AQSE:FLK.GB | Aquis Stock Exchange | Ordinary Share | GB0003425310 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 35.50 | 33.00 | 38.00 | 35.50 | 35.50 | 35.50 | 0.00 | 07:01:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFLK
RNS Number : 9637M
Fletcher King PLC
19 October 2016
FLETCHER KING PLC
GRANT OF SHARE OPTIONS
Fletcher King plc (the "Company") announces that it has introduced a new Enterprise Management Incentive plan ("EMI scheme") to strengthen its ability to attract and retain key senior executives through ensuring participants receive competitive incentives which align their interests with those of the Company's shareholders.
Following adoption of the EMI scheme, the remuneration committee has today awarded a total of 600,000 options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Directors and employees (the "Options"). These Options were granted under the rules of the Company's EMI scheme.
The Options are exercisable at the closing mid-market price of Ordinary Shares ("Market Value") as at 18 October 2016, being 48.5 pence per Ordinary Share (the "Exercise Price").
The Options are ordinarily exercisable after a minimum period of five years and conditional on the Market Value of an Ordinary Share at the exercise date having been, for the immediately preceding period of 30 trading days, at least 20% higher than the Market Value of a Share at the date of grant. The Options expire on the tenth anniversary of grant if not exercised.
The Directors who have been awarded Options are as follows:
Director Position Number of Options granted David Fletcher Chairman 100,000 Richard Goode Managing Director 100,000 Robert Dickman Executive Director 100,000 Paul Andrews Executive Director 100,000
All of the above Options were granted under the EMI scheme. In aggregate, the 400,000 Options granted to the Directors represent approximately 4.34 per cent. of the current issued share capital of the Company.
In addition, a further 200,000 Options were awarded to certain employees of the Company, on the same terms as above.
The Company has no other options in issue over its ordinary share capital. Therefore, following the grant of the Options, the total number of Ordinary Shares outstanding under option arrangements is 600,000, representing approximately 6.51 per cent. of the Company's issued share capital.
Enquiries
Fletcher King plc
David Fletcher
Tel: 0207 493 8400
Cairn Financial Advisers LLP
James Caithie / Tony Rawlinson
Tel: 020 7148 7900
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEAFENFLLKFFF
(END) Dow Jones Newswires
October 19, 2016 07:45 ET (11:45 GMT)
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