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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bonmarche Holdings Plc | LSE:BON | London | Ordinary Share | GB00BF8H6F45 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMBON
RNS Number : 7731S
Bonmarche Holdings PLC
23 December 2016
23 December 2016
Bonmarché Holdings plc
("Bonmarché" or the "Company")
Grant of Options under the Bonmarché Long Term Incentive Plan ("LTIP")
and
Grant of Joining Awards
LTIP awards
Bonmarché, one of the UK's largest women's value retailers, announces that, following approval of the amendments to the LTIP by shareholders at the Company's AGM held on 28 July 2016, nil-cost options over the Company's Ordinary Shares of 1.0 pence each ("Ordinary Shares") were granted today to the following Directors of the Company:
Hot Features
Premium
Director Number of Options
Granted
------------------- ------------------
Helen Connolly 173,611
------------------- ------------------
Stephen Alldridge 118,055
------------------- ------------------
The options granted have a vesting period of three years, may be exercised up to the tenth anniversary of grant, and have no exercise price. Performance conditions apply such that 75% of the award has targets based on EPS performance over 3 years; and 25% of the awards have targets based on TSR performance over 3 years. The awards have been granted in the form of tax qualifying LTIP awards and consist of the nil-cost options referred to above and a separate tax qualifying option over 34,722 Shares with an exercise price of GBP0.864 per Share. Each tax qualifying option is subject to the same performance conditions and vesting period as apply to the nil-cost options. On the exercise of the nil-cost option and tax qualifying option, the extent to which the nil-cost option is capable of exercise shall be reduced to take account of the gain made on the exercise of the tax qualifying option to ensure that the pre-tax value delivered to the director is not increased by the grant of the tax qualifying option.
Joining awards
In addition, as referred to in the Company's Directors' Remuneration Report for the period ending 26 March 2016, the Company agreed to grant Helen Connolly share awards in connection with her recruitment to compensate for awards forfeited on leaving her previous employer. The number of shares awarded was determined by reference to the Company's share price on the three business days immediately before Mrs Connolly joined the Company on 15 August 2016.The first nil-cost option vests on a date six months from Helen Connolly's start date. The remaining nil-cost options will vest on the same dates as the forfeited awards, as set out below.
Number of Options Vesting Date
Granted
------------------ -----------------
12,466 15 February 2017
------------------ -----------------
36,761 1 March 2017
------------------ -----------------
31,191 1 March 2018
------------------ -----------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------------
a) Name Helen Connolly
---- --------------------------------- -------------------------------------
2 Reason for notification
---- ------------------------------------------------------------------------
a) Position / status Chief Executive Officer
---- --------------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---- --------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------
a) Name Bonmarché Holdings plc
---- --------------------------------- -------------------------------------
b) LEI n/a
---- --------------------------------- -------------------------------------
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 1 pence
instrument, type of instrument. each
Identification code
GB00BF8H6F45
---- --------------------------------- -------------------------------------
b) Nature of the transaction Grant of share plan awards
---- --------------------------------- -------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
--------- -------------------------
Nil Option over
173,611 shares
under the Bonmarché
Long Term Incentive
Plan exercisable
for nil per
share.
--------- -------------------------
Nil Option over
34,722 shares
under the Bonmarché
Long Term Incentive
Plan exercisable
for GBP0.864
per share.
--------- -------------------------
Nil Options over
80,418 shares
exercisable
for nil per
share.
--------- -------------------------
---- --------------------------------- -------------------------------------
d) Aggregated information
* Aggregated volume 288,751
Nil
* Price
---- --------------------------------- -------------------------------------
e) Date of the transaction 23 December 2016
---- --------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---- --------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------------
a) Name Stephen Alldridge
---- --------------------------------- -------------------------------------
2 Reason for notification
---- ------------------------------------------------------------------------
a) Position / status Finance Director
---- --------------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
---- --------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------------
a) Name Bonmarché Holdings plc
---- --------------------------------- -------------------------------------
b) LEI n/a
---- --------------------------------- -------------------------------------
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 1 pence
instrument, type of instrument. each
Identification code
GB00BF8H6F45
---- --------------------------------- -------------------------------------
b) Nature of the transaction Grant of share plan awards
---- --------------------------------- -------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
--------- -------------------------
Nil Option over
118,055 shares
under the Bonmarché
Long Term Incentive
Plan exercisable
for nil per
share.
--------- -------------------------
Nil Option over
34,722 shares
under the Bonmarché
Long Term Incentive
Plan exercisable
for GBP0.864
per share.
--------- -------------------------
---- --------------------------------- -------------------------------------
d) Aggregated information
* Aggregated volume 152,777
Nil
* Price
---- --------------------------------- -------------------------------------
e) Date of the transaction 23 December 2016
---- --------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
---- --------------------------------- -------------------------------------
ENQUIRIES:
Bonmarché Holdings
plc c/o FTI +44 (0)20 3727
Stephen Alldridge, Finance 1000
Director
FTI Consulting - Communications
advisor
Jonathon Brill, Georgina
Goodhew +44 (0)20 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEEALADALDKFFF
(END) Dow Jones Newswires
December 23, 2016 09:45 ET (14:45 GMT)
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