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JOUL Joules Group Plc

9.22
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Joules Group Plc LSE:JOUL London Ordinary Share GB00BZ059357 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% 9.22 9.40 9.60 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Joules Group plc Grant of 2017 awards to Directors under DBP & LTIP (3495O)

18/08/2017 7:00am

UK Regulatory


Joules (LSE:JOUL)
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TIDMJOUL

RNS Number : 3495O

Joules Group plc

17 August 2017

18 August 2017

Joules Group plc

Grant of 2017 awards to Directors under DBP and LTIP

Joules Group plc ("Joules" or the "Company") announces today that it has granted awards over ordinary shares of 1p each in the Company ("Ordinary Shares") under the Joules 2016 Deferred Bonus Plan (the "DBP") and the Joules 2016 Long Term Incentive Plan (the "LTIP") to the Directors as set out below.

 
Director       Number of Ordinary  Number of Ordinary 
                   Shares subject      Shares subject 
                     to DBP award       to LTIP award 
Tom Joule                  51,455             106,858 
Colin Porter               52,990             110,048 
Marc Dench                 54,142             119,617 
 

The vesting of the DBP awards is subject to ongoing employment with the Company. Subject to the rules of the DBP, the award will vest on 24 July 2020 and remain exercisable until the tenth anniversary of the grant date.

The vesting of the LTIP awards is subject to ongoing employment with the Company and the achievement of performance conditions based upon Joules' earnings per share in the financial year to May 2020 and the level of revenues derived from international sales in the financial year to May 2020. Ordinarily, the awards will vest (subject to the achievement of the performance conditions) following the publication of Joules' annual report and accounts for the year ended May 2020.

Each award under the DBP and LTIP has been granted in the form of an option with an exercise price per share of GBP0.01.

Given Tom Joule's shareholding in the Company, the DBP and LTIP awards granted to him may, on exercise, give rise to an obligation to make a general offer under Rule 9 of The Takeover Code (unless a waiver of this obligation was granted to Tom by The Takeover Panel and approved by independent shareholders). As such, a resolution to approve such a waiver may be included in the Company's Notice of Annual General Meeting to be sent out to shareholders in due course.

 
 PDMR notification - Marc Dench 
      1. Details of the Restricted Person / person 
       closely associated with him or her 
            a) Name                                      Marc Dench 
 2. Reason for the notification 
            a) Position/status                           CFO 
            b) Initial notification /                    Initial notification 
             Amendment 
      3. Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
            a) Name                                      Joules Group plc 
            b) LEI                                       213800BNGLSIPD111Y68 
      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 
             instrument, type of instrument               1p each in the capital 
                                                          of Joules Group plc 
            b) Identification code                       ISIN GB00BZ059357 
            c) Nature of the transaction                 Grant of options 
            d) Price(s) and volume(s)                    Volume(s) granted: 
                                                          DBP: 54,142 
                                                          LTIP: 119,617 
 
                                                          Price(s): 
                                                          DBP: nil 
                                                          LTIP: nil 
                           e) Aggregated information:    Aggregate volume granted: 
                            i. Aggregated volume          173,759 
                            ii. price 
                                                          Price(s): nil 
            f) Date of the transaction                   2017-08-17 
            g) Place of the transaction                    Outside a trading venue 
 
 
 
 PDMR notification - Colin Porter 
      2. Details of the Restricted Person 
       / person closely associated with him 
       or her 
            c) Name                                      Colin Porter 
 4. Reason for the notification 
            a) Position/status                           CEO 
            b) Initial notification                      Initial notification 
             / Amendment 
      5. Details of the issuer, emission 
       allowance market participant, auction 
       platform, auctioneer or auction monitor 
            a) Name                                      Joules Group 
                                                          plc 
            b) LEI                                       213800BNGLSIPD111Y68 
      5. 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 
            h) Description of the                        Ordinary shares 
             financial instrument,                        of 1p each in 
             type of instrument                           the capital of 
                                                          Joules Group 
                                                          plc 
            i) Identification code                       ISIN GB00BZ059357 
            j) Nature of the transaction                 Grant of options 
            k) Price(s) and volume(s)                    Volume(s) granted: 
                                                          DBP: 52,990 
                                                          LTIP: 110,048 
 
                                                          Price(s): 
                                                          DBP: nil 
                                                          LTIP: nil 
                           l) Aggregated information:    Aggregate volume 
                            i. Aggregated volume          granted: 163,038 
                            ii. price 
                                                          Price(s): nil 
            m) Date of the transaction                   2017-08-17 
            n) Place of the transaction                    Outside a trading venue 
 
 
 
 PDMR notification - Tom Joule 
      3. Details of the Restricted Person 
       / person closely associated with him 
       or her 
            c) Name                                      Tom Joule 
 6. Reason for the notification 
            a) Position/status                           Chief Brand Officer 
            b) Initial notification                      Initial notification 
             / Amendment 
      7. Details of the issuer, emission 
       allowance market participant, auction 
       platform, auctioneer or auction monitor 
            a) Name                                      Joules Group 
                                                          plc 
            b) LEI                                       213800BNGLSIPD111Y68 
      6. 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 
            o) Description of the                        Ordinary shares 
             financial instrument,                        of 1p each in 
             type of instrument                           the capital of 
                                                          Joules Group 
                                                          plc 
            p) Identification code                       ISIN GB00BZ059357 
            q) Nature of the transaction                 Grant of options 
            r) Price(s) and volume(s)                    Volume(s) granted: 
                                                          DBP: 51,455 
                                                          LTIP: 106,858 
 
                                                          Price(s): 
                                                          DBP: nil 
                                                          LTIP: nil 
                           s) Aggregated information:    Aggregate volume 
                            i. Aggregated volume          granted: 158,313 
                            ii. price 
                                                          Price(s): nil 
            t) Date of the transaction                   2017-08-17 
            u) Place of the transaction                    Outside a trading venue 
 
 

Enquiries:

 
 Joules Group plc                    Tel: +44 (0) 
                                      1858 435 255 
 Colin Porter, CEO 
  Marc Dench, CFO 
 Peel Hunt LLP (Nominated Advisor    Tel: +44 (0) 
  and joint broker)                   20 7418 8900 
 Dan Webster 
  Adrian Trimmings 
  George Sellar 
 Liberum Capital Limited (joint      Tel: +44 (0) 
  broker)                             20 3100 2000 
 John Fishley 
  Joshua Hughes 
 Hudson Sandler (Public Relations)   Tel: +44 (0) 
                                      20 7796 4133 
 Michael Sandler 
  Alex Brennan 
  Lucy Wollam 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHDBGDIDBBBGRR

(END) Dow Jones Newswires

August 18, 2017 02:00 ET (06:00 GMT)

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