FIH Group PLC PDMR Dealing & Rule 2.9 (0139A)

TIDMFIH

RNS Number : 0139A

FIH Group PLC

21 March 2017

21 March 2017

FIH group plc

("FIH", "the Company" or "the Group")

PDMR Dealing & Rule 2.9

PDMR Dealing

FIH announces that it received notice on 20 March 2017 that Mr G McManus, a director of the Falkland Islands Company Limited (a subsidiary of FIH), had exercised an option (the "Option") over 14,761 ordinary shares of 10 pence each in the Company ("Shares") which had been granted under the Company's Executive Share Option Scheme (the "Option Scheme") in June and December 2011.

5,416 Options were granted on 27 June 2011 at an exercise price of 302.5 pence per Share and 9,345 Options were granted on 16 December 2011 at an exercise price of 267.5 pence per Share, meaning the aggregate total Option exercise value was GBP41,381.28. However, in accordance with the rules of the Option Scheme to effectively allow a cashless exercise, 13,364 of the Options were cancelled and the intrinsic value of the cancelled part of the Option was offset against the exercise price payable.

As a result of the exercise of the Option and the subsequent cancellation of Options detailed above, 1,397 Shares were issued to Mr McManus on 20 March 2017, which he immediately sold for 320p per Share. These 1,397 Shares are expected to be admitted to trading on AIM on 22 March 2017.

Mr G McManus is classified as a Person Discharging Managerial Responsibility for the purposes of Market Abuse Regulations.

Rule 2.9

Following admission of the new Shares to trading on AIM, in accordance with Rule 2.9 of the Takeover Code, FIH confirms that, as at 22 March 2017, it will have 12,434,418 ordinary shares of 10 pence each in issue and admitted to trading on AIM under the ISIN reference GB00BD0CWJ91. The Company holds no shares in treasury.

Enquiries:

 
 
   FIH Group plc                 Tel: [phone] 
                                 630 
 
   John Foster 
 WH Ireland Limited            Tel: [phone] 
                                1666 
 
   Joint Financial Adviser 
   and Nominated Adviser to 
   FIH 
   Adrian Hadden 
   Nick Prowting 
 Strand Hanson Limited         Tel: [phone] 
                                3494 
 
   Joint Financial Adviser 
   to FIH 
   Simon Raggett 
   Stuart Faulkner 
   Matthew Chandler 
 FTI Consulting                Tel: [phone] 
                                1000 
 
   Communications adviser to 
   FIH 
   Edward Westropp 
   Eleanor Purdon 
 

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------------------------------- 
 a)   Name                       Mr G McManus 
---  -------------------------  ------------------------------------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------------------------------------- 
 a)   Position/status            Finance Director of Falkland 
                                  Islands Company Limited (a 
                                  subsidiary of FIH) 
---  -------------------------  ------------------------------------------------------------------ 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------------------------------- 
 a)   Name                       FIH group plc 
---  -------------------------  ------------------------------------------------------------------ 
 b)   LEI                        2138004AXCMSNLBSNB42 
---  -------------------------  ------------------------------------------------------------------ 
 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             Options over 10 pence ordinary 
       the financial              shares 
       instrument, type 
       of instrument              GB00BD0CWJ91 
 
       Identification 
       code 
---  -------------------------  ------------------------------------------------------------------ 
 b)   Nature of the              Exercise of Options and sale 
       transaction                of shares 
---  -------------------------  ------------------------------------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)     Volume(s) 
                                   -----------  ---------- 
                                    320 pence    1,397 
                                   -----------  ---------- 
---  -------------------------  ------------------------------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume              1,562 shares 
 
       - Price 
                                         *    1,397 shares sold for 320 pence per share 
 
 
                                         *    62 partnership shares, and 21 matching shares 
                                              purchased through the Company's Share Incentive Plan 
                                              at 245.00 pence 
 
 
                                         *    62 partnership shares, and 20 matching shares 
                                              purchased through the Company's Share Incentive Plan 
                                              at 239.51 pence 
---  -------------------------  ------------------------------------------------------------------ 
 e)   Date of the transaction    20 March 2017 
---  -------------------------  ------------------------------------------------------------------ 
 f)   Place of the transaction   AIM market on the London 
                                  Stock Exchange 
---  -------------------------  ------------------------------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 21, 2017 03:02 ET (07:02 GMT)