We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Richoux | LSE:RIC | London | Ordinary Share | GB00B0NYFG99 | ORD 4P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 0.75 | 1.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRIC
RNS Number : 0829W
Richoux Group PLC
09 November 2017
9 November 2017
Richoux Group plc (the "Company")
Director/PDMR Shareholdings
Share Incentive Award
The Company announces that on 9 November 2017, certain Directors/PDMRs have subscribed for a special class of restricted shares in Richoux Limited ("A Shares"), a wholly owned subsidiary of the Company, which may on vesting be exchanged for the relevant number of ordinary shares of 4 pence each in the Company ("Ordinary Shares") (the "Shares Incentives"). The subscription price for the A Shares is 1 penny per A Share.
The number of Ordinary Shares to be issued to each Director/PDMR in exchange for their A Shares will be determined by the following formula: the number of A Shares held multiplied by the closing mid-market price of the Ordinary Shares on the dealing day immediately preceding the vesting date less 10 pence, multiplied by 1,000. Pursuant to the Share Incentives, the relevant directors/PDMRs may acquire up to 3,400,000 Ordinary Shares in aggregate. The A Shares are equal in value to the net benefit that would be delivered if the Share Incentives were provided by way of a share option over Ordinary Shares at an exercise price of 10 pence per Ordinary Share (i.e. the value above 10 pence per Ordinary Share).
The A Shares can only be exchanged for Ordinary Shares if the average closing mid-market share price for the Ordinary Shares is 40p or more over any period of ten consecutive dealing days (the "Hurdle"). If the Hurdle is not met the A Shares will have no value. Subject to the Hurdle being met, the Share Incentives are exchangeable at the earliest of: (1) the second anniversary of the relevant subscription date, (2) a sale of 100% of the share capital of the Company to a third party or (3) a takeover event or a liquidation of the Company.
The Share Incentive subscriptions are set out below:
Hot Features
Premium
Directors' Holdings Number Maximum
of A Shares number
subscribed of Ordinary
for Shares
on exchange
-------------------------- ------------- -------------
Simon Morgan
Non-Executive Chairman 150 150,000
Mehdi Gashi
Operations Director 2,500 2,500,000
Sameh Amer
PDMR 750 750,000
9 November 2017
ENQUIRIES:
Richoux Group plc
Susan Ludley (020) 7483 7000
Cenkos Securities plc
Bobbie Hilliam (020) 7397 8900
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ---------------------------------------------------------------------------
a) Name: Simon Morgan
--- -------------------------------- -----------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------------
a) Position/Status: Non-Executive Chairman
--- -------------------------------- -----------------------------------------
b) Initial Notification/Amendment: Initial Notification
--- -------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market
participation, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------------
a) Name: Richoux Group plc
--- -------------------------------- -----------------------------------------
b) LEI: 2138001QX7TELHBM9E27
--- -------------------------------- -----------------------------------------
4. Details of 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 Restricted shares in Richoux
the financial Limited ("A Shares"), a wholly
instrument: owned subsidiary of Richoux
Group plc, which may, on the
Identification applicable hurdle being met,
code: be exchanged for the relevant
number of ordinary shares of
4 pence each in Richoux Group
plc.
ISIN: GB00B0NYFG99
--- -------------------------------- -----------------------------------------
b) Nature of the Share Incentive Arrangement
transaction:
--- -------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--- -------------------------------- --------- ------------------------------
GBP0.01 To be determined on exchange.
Upon the applicable hurdle
being met, the A Shares
may be exchanged for up
to 150,000 ordinary shares
of 4 pence each in Richoux
Group plc.
--- -------------------------------- --------- ------------------------------
d) Aggregated volume: To be determined on exchange.
Price: Upon the applicable hurdle being
met, the A Shares may be exchanged
for up to 150,000 ordinary shares
of 4 pence each in Richoux Group
plc.
GBP1.50
--- -------------------------------- -----------------------------------------
e) Date of the Transaction: 9 November 2017
--- -------------------------------- -----------------------------------------
f) Place of the Outside a trading venue
Transaction:
--- -------------------------------- -----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ---------------------------------------------------------------------------
a) Name: Mehdi Gashi
--- -------------------------------- -----------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------------
a) Position/Status: Operations Director
--- -------------------------------- -----------------------------------------
b) Initial Notification/Amendment: Initial Notification
--- -------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market
participation, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------------
a) Name: Richoux Group plc
--- -------------------------------- -----------------------------------------
b) LEI: 2138001QX7TELHBM9E27
--- -------------------------------- -----------------------------------------
4. Details of 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 Restricted shares in Richoux
the financial Limited ("A Shares"), a wholly
instrument: owned subsidiary of Richoux
Group plc, which may, on the
Identification applicable hurdle being met,
code: be exchanged for the relevant
number of ordinary shares of
4 pence each in Richoux Group
plc.
ISIN: GB00B0NYFG99
--- -------------------------------- -----------------------------------------
b) Nature of the Share Incentive Arrangement
transaction:
--- -------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--- -------------------------------- --------- ------------------------------
GBP0.01 To be determined on exchange.
Upon the applicable hurdle
being met, the A Shares
may be exchanged for up
to 2,500,000 ordinary
shares of 4 pence each
in Richoux Group plc.
--- -------------------------------- --------- ------------------------------
d) Aggregated volume: To be determined on exchange.
Upon the applicable hurdle being
Price: met, the A Shares may be exchanged
for up to 2,500,000 ordinary
shares of 4 pence each in Richoux
Group plc.
GBP25.00
--- -------------------------------- -----------------------------------------
e) Date of the Transaction: 9 November 2017
--- -------------------------------- -----------------------------------------
f) Place of the Outside a trading venue
Transaction:
--- -------------------------------- -----------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ---------------------------------------------------------------------------
a) Name: Sameh Amer
--- -------------------------------- -----------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------------
a) Position/Status: PDMR
--- -------------------------------- -----------------------------------------
b) Initial Notification/Amendment: Initial Notification
--- -------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market
participation, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------------
a) Name: Richoux Group plc
--- -------------------------------- -----------------------------------------
b) LEI: 2138001QX7TELHBM9E27
--- -------------------------------- -----------------------------------------
4. Details of 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 Restricted shares in Richoux
the financial Limited ("A Shares"), a wholly
instrument: owned subsidiary of Richoux
Group plc, which may, on the
Identification applicable hurdle being met,
code: be exchanged for the relevant
number of ordinary shares of
4 pence each in Richoux Group
plc.
ISIN: GB00B0NYFG99
--- -------------------------------- -----------------------------------------
b) Nature of the Award of Series A ordinary shares
transaction:
--- -------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s):
--- -------------------------------- --------- ------------------------------
GBP0.01 To be determined on exchange.
Upon the applicable hurdle
being met, the A Shares
may be exchanged for up
to 750,000 ordinary shares
of 4 pence each in Richoux
Group plc.
--- -------------------------------- --------- ------------------------------
d) Aggregated volume: To be determined on exchange.
Upon the applicable hurdle being
Price: met, the A Shares may be exchanged
for up to 750,000 ordinary shares
of 4 pence each in Richoux Group
plc.
GBP7.50
--- -------------------------------- -----------------------------------------
e) Date of the Transaction: 9 November 2017
--- -------------------------------- -----------------------------------------
f) Place of the Outside a trading venue
Transaction:
--- -------------------------------- -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHFSMFLUFWSEEF
(END) Dow Jones Newswires
November 09, 2017 09:29 ET (14:29 GMT)
1 Year Richoux Chart |
1 Month Richoux Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
