Molins PLC Grant of Options (6016H)

TIDMMLIN

RNS Number : 6016H

Molins PLC

09 June 2017

FOR IMMEDIATE RELEASE 09 June 2017

MOLINS PLC

Grant of Options

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR") and persons closely associated with them.

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                     Tony Steels - Chief Executive 
---  -----------------------  -------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status          See 1(a) above - Mr Steels classified 
                                as a PDMR of the Company 
---  -----------------------  -------------------------------------- 
 b)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                     Molins PLC 
---  -----------------------  -------------------------------------- 
 b)   LEI 
---  -----------------------  -------------------------------------- 
 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              Ordinary Shares of 25p each 
       of the financial 
       instrument, 
       type of instrument 
---  -----------------------  -------------------------------------- 
 b)   Identification           GB0005991111 
       code 
---  -----------------------  -------------------------------------- 
 c)   Nature of the            Award of nil cost options over 
       transaction              ordinary shares pursuant to the 
                                rules of the Company's annual 
                                management incentive bonus scheme. 
                                For the award to vest, Mr Steels 
                                must remain in employment for 
                                three years from the award date. 
                                The rights in the shares are 
                                deferred, such that any dividends 
                                and other distributions attaching 
                                to the shares between the date 
                                of the award and the realisation 
                                date do not form part of the 
                                award. In exceptional circumstances 
                                and at the Company's discretion, 
                                the Company may make a cash payment 
                                of a sum equivalent to the value 
                                of the shares that would otherwise 
                                vest. 
---  -----------------------  -------------------------------------- 
 d)   Price(s) and             Volume(s): 
       volume(s)                Nil cost options over 113,800 
                                ordinary shares 
                                Price: 
                                GBPnil 
---  -----------------------  -------------------------------------- 
 d)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  -------------------------------------- 
 e)   Date of the              8 June 2017 
       transactions 
---  -----------------------  -------------------------------------- 
 f)   Place of the             Outside a trading venue 
       transaction 
---  -----------------------  -------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Nick Eland

Company Secretary to Molins PLC

Enquiries:

Molins PLC

Tel: [phone]

Nick Eland, Company Secretary

Panmure Gordon (UK) Limited (NOMAD)

Tel: [phone]

Andrew Potts / Peter Steel - Corporate Finance

James Stearns - Corporate Broking

Hudson Sandler

Tel: [phone]

Nick Lyon / Jasper Bartlett

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 09, 2017 02:00 ET (06:00 GMT)