Lakehouse plc Director/PDMR Shareholding (3641W)

TIDMLAKE

RNS Number : 3641W

Lakehouse plc

13 November 2017

13 November 2017

Lakehouse plc (the "Company")

Notification of Transaction by Directors/PDMRs

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR's) and persons closely associated with them. Michael McMahon's total beneficial interest in the Company remains unchanged at 5,463,890 Ordinary Shares, representing 3.47% of the issued share capital of the Company.

 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  --------------------------------------------------------------------- 
  a)     Name                       Michael McMahon 
-----  -------------------------  ------------------------------------------ 
 2      Reason for the notification 
-----  --------------------------------------------------------------------- 
  a)    Position/status            Chief Operating Officer (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 
         of the financial           shares of 10p each in the capital 
         instrument,                of Lakehouse plc ("Shares") 
         type of instrument 
         Identification 
         code 
-----  -------------------------  ------------------------------------------ 
  b)     Nature of the             Grant of an award structured as 
          transaction               a nil-cost option (with zero exercise 
                                    price per Share) over 500,000 
                                    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 1,000,000 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 the second 
                                    anniversary of such Vesting Date. 
-----  -------------------------  ------------------------------------------ 
 c)     Price(s) and                       Price(s)             Volume(s) 
         volume(s) 
-----  -------------------------  -------------------------  --------------- 
                        Nil per share                            500,000 
  ---------------------------------------------------------  --------------- 
 d)     Aggregated                 N/A - single transaction 
         information 
         - Aggregated 
         price 
         - Aggregated 
         volume 
         - Aggregated 
         total 
-----  -------------------------  ------------------------------------------ 
  e)     Date of the               13 November 2017 
          transaction 
-----  -------------------------  ------------------------------------------ 
  f)     Place of the              United Kingdom 
          transaction 
-----  -------------------------  ------------------------------------------ 
 g)     Additional 
         Information 
-----  ----------------------------------------------------  --------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 13, 2017 11:50 ET (16:50 GMT)