General Industries PLC Issue of share options, PDMR shareholding and TVR (5838T)

TIDMGNI

RNS Number : 5838T

General Industries PLC

31 March 2016

For Immediate Release

31 March 2016

General Industries PLC

("General Industries" or the "Company")

Issue of Unapproved Share Options, Director/PDMR Shareholding and TVR

General Industries, a company formed to acquire and operate growing businesses in the services sector, announces that it has today issued 103,093 unapproved share options ("Share Options") to David Mairs, Director of Murja Limited, a wholly owned subsidiary of the Company, who joined Murja on 15(th) February 2016 ("joining date"). This forms part of the Company's reward and remuneration strategy which is to ensure that General Industries attracts, retains and motivates highly skilled personnel contributing to the growth and success of the Group.

The Share Options have been granted to the value of GBP50,000 based on the mid-market price of 48.5p on the joining date and they will be exercisable on 31 March 2019 at an exercise price of 5p.

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 
                                                  State whether the notification 
                                                   relates to (i) a transaction 
                                                   notified in accordance 
                                                   with DTR 3.1.2 R, 
                                                   (ii) a disclosure made 
                                                   in accordance 
                                                   LR 9.8.6R(1) or 
                                                   (iii) a disclosure made 
       Name of the issuer                          in accordance with section 
                                                   793 of the Companies 
 1.     GENERAL INDUSTRIES PLC              2.     Act (2006). 
----  -----------------------------------  ----  ------------------------------- 
 
                                                  State whether notification 
                                                   relates to a person 
       Name of person discharging                  connected with a person 
        managerial                                 discharging managerial 
        responsibilities/director                  responsibilities/director 
                                                   named in 3 and identify 
        DAVID MAIRS, DIRECTOR                      the connected person 
 3.     OF MURJA LIMITED                    4.     N/A 
----  -----------------------------------  ----  ------------------------------- 
 
       Indicate whether the 
        notification is in respect 
        of a holding of the                       Description of shares 
        person referred to in                      (including class), debentures 
        3 or 4 above or in respect                 or derivatives or financial 
        of a nonbeneficial interest                instruments relating 
        (1)                                        to shares 
 5.     N/A                                 6.     N/A 
----  -----------------------------------  ----  ------------------------------- 
 
       Name of registered shareholders(s) 
        and, if more than one, 
        the number of shares                      State the nature of 
        held by each of them                       the transaction 
 7.     N/A                                 8.     N/A 
----  -----------------------------------  ----  ------------------------------- 
 
                                                  Percentage of issued 
                                                   class acquired (treasury 
                                                   shares of that class 
       Number of shares, debentures                should not be taken 
        or financial instruments                   into account when calculating 
        relating to shares acquired                percentage) 
 9.     N/A                                 10.    N/A 
----  -----------------------------------  ----  ------------------------------- 
 
                                                  Percentage of issued 
                                                   class disposed (treasury 
                                                   shares of that class 
       Number of shares, debentures                should not be taken 
        or financial instruments                   into account when calculating 
        relating to shares disposed                percentage) 
 11.    N/A                                 12.    N/A 
----  -----------------------------------  ----  ------------------------------- 
 
       Price per share or value 
        of transaction                            Date and place of transaction 
 13.    N/A                                 14.    N/A 
----  -----------------------------------  ----  ------------------------------- 
 
       Total holding following 
        notification and total 
        percentage holding following 
        notification (any treasury 
        shares should not be 
        taken into account when                   Date issuer informed 
        calculating percentage)                    of transaction 
 15.    N/A                                 16.    N/A 
----  -----------------------------------  ----  ------------------------------- 
 
 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

 
                                          Period during which 
       Date of grant                       or date on which exercisable 
 
 17.    31 MARCH 2016               18.    31 MARCH 2019 
----  ---------------------------  ----  ------------------------------ 
 
       Total amount paid (if              Description of shares 
        any) for grant of the              or debentures involved 
        option                             (class and number) 
 
 19.    NIL                         20.    UNAPPROVED SHARE OPTIONS 
----  ---------------------------  ----  ------------------------------ 
 
       Exercise price (if 
        fixed at time of grant)           Total number of shares 
        or indication that                 or debentures over which 
        price is to be fixed               options held following 
        at the time of exercise            notification 
 
 21.    GBP0.05 PER SHARE           22.    103,093 
----  ---------------------------  ----  ------------------------------ 
 
                                          Name of contact and 
                                           telephone number for 
                                           queries 
 
       Any additional information          DEREK JOSEPH 0207 934 
 23.    N/A                         24.    0175 
----  ---------------------------  ----  ------------------------------ 
 
 

Total Voting Rights

In conformity with rule 5.6.1 of the Financial Conduct Authority's Disclosure and Transparency Rules (the DTRs) the Company is notifying the market of the following:

As at the date of this announcement, the Company's issued share capital consists of 32,608,688 ordinary shares of 5p each with voting rights. There are no shares held in treasury.

The above figure of 32,608,688 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the DTRs.

For further information please visit www.general-industries.co.uk or contact:

General Industries plc

Derek Joseph, Group Finance Director

Tel: [phone]

Beaumont Cornish Limited, Financial Adviser

Roland Cornish

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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March 31, 2016 02:00 ET (06:00 GMT)