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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Spire Healthcare Group Plc | LSE:SPI | London | Ordinary Share | GB00BNLPYF73 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.20% | 253.00 | 252.50 | 253.00 | 254.00 | 251.00 | 251.00 | 77,046 | 14:49:32 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Health & Allied Services,nec | 1.36B | 27.3M | 0.0676 | 37.43 | 1.02B |
TIDMSPI
RNS Number : 1619B
Spire Healthcare Group PLC
31 March 2017
31 March 2017
Spire Healthcare Group plc (the "Company")
Exercise of 2014 Long Term Incentive Plan award
On 30 March 2017, Simon Gordon, an Executive Director of the Company, exercised his vested Long Term Incentive Plan award (the "Award") over ordinary shares in the Company. The Award was originally granted in the form of nil-cost options on 30 September 2014.
Performance conditions
The performance period for the Award ended on 31 December 2016. The Award was based on targets linked to earnings per share (EPS) and relative total shareholder return (TSR) performance.
Half of the Award was based on TSR performance measured against the constituents of the FTSE 250 (excluding investment trusts). Threshold vesting (25% of the element) required median performance, with outperformance of the upper quartile required for full vesting. Over the period to 31 December 2016, the Company delivered a total shareholder return of +76%. This was well within the upper quartile of the comparator group, and therefore this element of the Award vested in full.
The remaining half of the award was based on EPS targets. The 2016 EPS was below the threshold of 20.6 pence, and therefore this element of the Award lapsed in full.
Exercise of Award
Simon Gordon sold sufficient shares to cover his Income Tax and NIC liabilities and then retained the balance of his Award.
Director Type of award Shares vested Shares Shareholding and exercised sold* following transaction -------------- --------------- --------------- ------- ------------- Conditional Share Award (in the form of nil-cost Simon Gordon options) 124,113 58,539 537,332 -------------- --------------- --------------- ------- -------------
*All shares sold were at an average share price of 327.5829 pence.
Enquiries:
Philip Davies
Deputy Company Secretary
020 7427 9092
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated ---- -------------------------------------------------------------------- a) Name Simon Gordon ---- ------------------------ ------------------------------------------ 2 Reason for the notification ---- -------------------------------------------------------------------- a) Position/status Executive Director and Chief Financial Officer ---- ------------------------ ------------------------------------------ b) Initial notification Initial notification /Amendment ---- ------------------------ ------------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- -------------------------------------------------------------------- a) Name Spire Healthcare Group 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 Ordinary shares of 1 pence each of the financial instrument, type of instrument Identification code ---- ------------------------ ------------------------------------------ b) Nature of Exercise of a nil-cost share option the transaction over 124,113 shares granted under the Company's Long Term Incentive Plan and subsequent sale of 58,539 shares to cover Income Tax and NIC liabilities. ---- ------------------------ ------------------------------------------ c) Price(s) and Price(s) Volume(s) volume(s) ---- ------------------------ -------------------------- -------------- 327.5829 pence 58,539 -------------------------------------------------------- -------------- d) Aggregated As above information - Aggregated volume - Price ---- ------------------------ ------------------------------------------ e) Date of the 2017-03-30 transaction ---- ------------------------ ------------------------------------------ f) Place of the XLON transaction ---- ------------------------ ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGIGDXGSXBGRB
(END) Dow Jones Newswires
March 31, 2017 04:40 ET (08:40 GMT)
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