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