Lakehouse plc Director/PDMR Shareholding (6240I)

TIDMLAKE

RNS Number : 6240I

Lakehouse plc

01 September 2016

LAKEHOUSE PLC

DIRECTOR/PDMR SHAREHOLDING

Released: 1 September 2016

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                      Robert Holt 
-----  ------------------------  -------------------------------------------- 
 2.     Reason for the notification 
-----  ---------------------------------------------------------------------- 
 (a)    Position/status           Executive Chairman (PDMR) 
-----  ------------------------  -------------------------------------------- 
 (b)    Initial notification      Initial notification 
         / Amendment 
-----  ------------------------  -------------------------------------------- 
 3.     Details of the issuer, emission allowance market 
         participant, auction platform, auctioneer or 
         auction monitor 
-----  ---------------------------------------------------------------------- 
 (a)    Name                      Lakehouse 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               An option to acquire ordinary shares 
         of the financial          of 10p each in the capital of Lakehouse 
         instrument,               plc ("Shares") 
         type of instrument 
        Identification            GB00BSKS1M86 
         code 
-----  ------------------------  -------------------------------------------- 
 (b)    Nature of                 Grant of an award structured as 
         the transaction           a nil-cost option (with zero exercise 
                                   price per Share) over 2,307,692 
                                   Shares ("Award"), under, and subject 
                                   to, the terms of the Lakehouse 
                                   plc Special Incentive Award Plan 
                                   ("Plan"). The number of Shares 
                                   in respect of which the Award may 
                                   ultimately be exercised will be 
                                   dependent upon the extent to which 
                                   the performance conditions set 
                                   out in the Plan are satisfied but 
                                   in all circumstances cannot exceed 
                                   4,615,384 Shares (maximum vesting 
                                   if the performance conditions are 
                                   met in full). The Award will normally 
                                   become capable of exercise on the 
                                   day after the first to occur of: 
                                   (i) 31 January 2019; or (ii) the 
                                   date that the audited financial 
                                   results for the Financial Year 
                                   ending 30 September 2018 are published 
                                   ("Vesting Date") and will cease 
                                   to be capable of exercise (and 
                                   lapse) on the day immediately before 
                                   second anniversary of such Vesting 
                                   Date. 
-----  ------------------------  -------------------------------------------- 
 (c)    Price(s) and              Price(s)                     Volume(s) 
         volume(s) 
-----  ------------------------  ---------------------------  --------------- 
   Nil per Share                                               2,307,692 
  ----------------------------------------------------------  --------------- 
 (d)    Aggregated                N/A - single transaction 
         information 
-----  ------------------------  -------------------------------------------- 
 (e)    Date of transaction       31 August 2016 
-----  ------------------------  -------------------------------------------- 
 (f)    Place of transaction      United Kingdom 
-----  ------------------------  -------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 01, 2016 02:00 ET (06:00 GMT)