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PMP Portmeirion Group Plc

232.00
-12.00 (-4.92%)
Last Updated: 09:24:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Portmeirion Group Plc LSE:PMP London Ordinary Share GB0006957293 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.00 -4.92% 232.00 230.00 234.00 244.00 232.00 244.00 25,719 09:24:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Homefurnishings Stores 111.09M 5.56M 0.4037 5.80 32.2M

Portmeirion Group PLC Executive Share Option Grants (8068N)

11/08/2017 12:41pm

UK Regulatory


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TIDMPMP

RNS Number : 8068N

Portmeirion Group PLC

11 August 2017

11 August 2017

Portmeirion Group PLC

(the "Company")

Executive Share Option Grants

The Company announces that, on 11 August 2017, it granted options to Directors and senior managers over a total of 193,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares") pursuant to The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "2012 Plans").

The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the 2012 Plans. The options granted on 11 August 2017 are normally only exercisable if the increase in the average of the Group's basic adjusted earnings per share (as adjusted for changes in accounting standards and exceptional items) for each of the three years ending 31 December 2017, 31 December 2018 and 31 December 2019 is at least 13% higher than that for the year ended 31 December 2016. The exercise price of the options is in reference to the closing middle market price of an Ordinary Share on 10 August 2017, being the latest date prior to the grant. Of the total number of options granted, 145,000 options over Ordinary Shares were granted to persons discharging managerial responsibilities ("PDMRs") of the Company, as detailed below:

 
                                                        Exercise 
                                                          price 
                                              Number       per 
                                              options    Ordinary 
                                              granted     Share      Exercise period 
 Company directors/officers: 
                             Group Sales &                             12 August 2020 
 Philip Atherton        Marketing Director     25,000     GBP9.60    - 10 August 2027 
 Lawrence                  Chief Executive     40,000     GBP9.60      12 August 2020 
  Bryan                                                              - 10 August 2027 
 Michael Raybould            Group Finance     30,000     GBP9.60      12 August 2020 
                                  Director                           - 10 August 2027 
 Michael Knapper       Operations Director     20,000     GBP9.60      12 August 2020 
                                                                     - 10 August 2027 
 Moira MacDonald             Group Company      7,500     GBP9.60      12 August 2020 
                                 Secretary                           - 10 August 2027 
 Subsidiary company directors: 
 Joanne Barber        Wax Lyrical Managing      7,500     GBP9.60      12 August 2020 
                                  Director                           - 10 August 2027 
 Samantha                      HR Director      7,500     GBP9.60      12 August 2020 
  Pearce                                                             - 10 August 2027 
 Nigel Spencer         Production Director      7,500     GBP9.60      12 August 2020 
                                                                     - 10 August 2027 
                                    Total:    145,000 
 

The total number of Ordinary Shares over which each PDMR holds options following this notification is:

 
                       Total number 
                         of options 
                      over Ordinary 
                             Shares 
 Philip Atherton             60,467 
 Lawrence 
  Bryan                      94,394 
 Michael Raybould            30,000 
 Michael Knapper             31,000 
 Moira MacDonald             11,900 
 Joanne Barber                7,500 
 Samantha 
  Pearce                     11,900 
 Nigel Spencer               34,288 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

_____________________________________________

Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------------------- 
 a)    Name                             Company directors/officers: 
                                        ---------------------------------------- 
                                                                   Group Sales & 
                                         Philip Atherton      Marketing Director 
                                        -----------------  --------------------- 
                                         Lawrence                Chief Executive 
                                          Bryan 
                                        -----------------  --------------------- 
                                         Michael Raybould          Group Finance 
                                                                        Director 
                                        -----------------  --------------------- 
                                         Michael Knapper     Operations Director 
                                        -----------------  --------------------- 
                                         Moira MacDonald           Group Company 
                                                                       Secretary 
                                        -----------------  --------------------- 
                                         Subsidiary company directors: 
                                        ---------------------------------------- 
                                         Joanne Barber      Wax Lyrical Managing 
                                                                        Director 
                                        -----------------  --------------------- 
                                         Samantha                    HR Director 
                                          Pearce 
                                        -----------------  --------------------- 
                                         Nigel Spencer       Production Director 
                                        -----------------  --------------------- 
---  -------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status                  See 1(a) above for all positions 
                                        - all classified as PDMRs 
                                        of the Company 
---  -------------------------------  ------------------------------------------ 
 b)   Initial notification/Amendment   Initial Notification 
---  -------------------------------  ------------------------------------------ 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  --------------------------------------------------------------------------- 
 a)   Name                             Portmeirion Group PLC 
---  -------------------------------  ------------------------------------------ 
 b)   LEI                              2138003QC9J6TLZJHO70 
---  -------------------------------  ------------------------------------------ 
 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               Ordinary Shares of 5 pence 
       financial instrument             each 
---  -------------------------------  ------------------------------------------ 
 b)   Identification code              GB0006957293 
---  -------------------------------  ------------------------------------------ 
 c)   Nature of the transactions       Grant of options over Ordinary 
                                        Shares 
---  -------------------------------  ------------------------------------------ 
 d)   Price(s) and volume(s)           Price at grant: Nil 
                                        Exercise Price: 960 pence 
                                        per Ordinary Share 
                                        Volume(s)                       Options 
                                                                  over 
                                                              Ordinary 
                                                                Shares 
                                        ------------------  ---------- 
                                         Philip Atherton        25,000 
                                        ------------------  ---------- 
                                         Lawrence 
                                          Bryan                 40,000 
                                        ------------------  ---------- 
                                         Michael Raybould       30,000 
                                        ------------------  ---------- 
                                         Michael Knapper        20,000 
                                        ------------------  ---------- 
                                         Moira MacDonald         7,500 
                                        ------------------  ---------- 
                                         Joanne Barber           7,500 
                                        ------------------  ---------- 
                                         Samantha 
                                          Pearce                 7,500 
                                        ------------------  ---------- 
                                         Nigel Spencer           7,500 
                                        ------------------  ---------- 
---  -------------------------------  ------------------------------------------ 
 e)        Aggregated information      Nil, grant of options only 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  ------------------------------------------ 
 f)   Date of the transactions         11 August 2017 
---  -------------------------------  ------------------------------------------ 
 f)   Place of the transactions        Off-market 
---  -------------------------------  ------------------------------------------ 
 

Name of authorised official of issuer responsible for making notification:

Moira MacDonald

Company Secretary to Portmeirion Group PLC

ENQUIRIES:

 
 Portmeirion Group 
  PLC: 
 Dick Steele               +44 (0) 1782     steele_clan@msn.com 
                            744 721 
 Non-executive Chairman 
  Mike Raybould              +44 (0) 1782     mraybould@portmeiriongroup.com 
                             744 721 
 Group Finance Director 
 Bell Pottinger: 
 Dan de Belder             +44 (0) 203      ddebelder@bellpottinger.com 
  Robert McGowan Stuart     772 2561         rmcgowanstuart@bellpottinger.com 
                            +44 (0) 203 
                            772 2553 
 
 Panmure Gordon 
  (Nominated Adviser         +44 (0) 207 
  and Broker):               886 2500 
 Freddy Crossley/          Corporate 
  Duncan Monteith           Finance 
 Tom Salvesen              Corporate 
                            Broking 
 
 
 Cantor Fitzgerald 
  Europe                +44 (0) 207 
  (Joint Broker):       894 7000 
 Catherine Leftley    Corporate 
  /Marc Milmo          Finance 
 Mark Westcott        Sales 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 11, 2017 07:41 ET (11:41 GMT)

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