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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Augean Plc | LSE:AUG | London | Ordinary Share | GB00B02H2F76 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 371.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAUG
RNS Number : 7745D
Augean Plc
02 May 2017
02 May 2017
Augean plc
("Augean" or "the Group")
Grant of Share Options under Long Term Incentive Plan
Augean, one of the UK's leading specialist waste management businesses, announces that it has granted share options ("Options") to certain of its directors, persons discharging managerial responsibility ("PDMRs") and employees for up to 1,580,535 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") pursuant to the terms of the Augean plc 2014 Long Term Incentive Plan (the "LTIP").
734,481 of these Options have been granted to Stewart Davies and Mark Fryer as set out below:
Director Number of Total Number % of issued Options granted of Options held share capital following this represented grant by total options held Stewart Davies 428,619 2,279,289 2.22% Mark Fryer 305,862 305,862 0.3%
In addition, 686,878 of these Options have been granted to PDMRs (other than Stewart Davies and Mark Fryer) as set out below:
PDMR Number of Options granted John Rauch 271,878 Andrew Woolcock 83,000 Nigel Bowen 83,000 Edward Pigg 83,000 Helen Simms 83,000 Gene Wilson 83,000
The Options have certain performance conditions attaching to them and are based on the achievement of these conditions during the period from 1 January 2017 to 31 December 2019. The Options will vest as follows:
i. 25% of each award will vest subject to performance conditions based on the Company's relative total shareholder return ("TSR"), comprising both the change in share price and cumulative dividends. The Company's TSR will be measured relative to the FTSE AIM All-Share Index; and
ii. subject to the achievement of a Return on Capital Employed ("ROCE") condition being, 75% of each award will be subject to performance conditions based on the Company's diluted earnings per share.
To the extent that the performance conditions have been satisfied, the Options will vest on the date of the publication of the Company's 2019 Annual Report and Accounts. The Options have an exercise price of 10 pence each.
Following the above grant there are 5,782,828 options over Ordinary Shares. This represents 5.6% of the current issued share capital of the Company, which comprises 102,748,383 Ordinary Shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
1 Details of the person discharging managerial responsibilities/person closely associated ---- ---------------------------------------------------------------------------------------------------------------- a) Name 1. Stewart Davies 2. Mark Fryer 3. John Rauch 4. Andrew Woolcock 5. Nigel Bowen 6. Edward Pigg 7. Helen Simms 8. Gene Wilson ---- ----------------------------------------------------------- --------------------------------------------------- 2 Reason for the notification ---- ---------------------------------------------------------------------------------------------------------------- 1. Chief Executive Officer a) Position/status 2. Group Finance Director 3. Group Operating Officer 4. PDMR - Director of Energy and Construction 5. PDMR - Director of Industry and Infrastructure 6. PDMR - Director of Augean Integrated Services 7. PDMR - Director of Radioactive Waste Services 8. PDMR - Director of Corporate Stewardship ---- ----------------------------------------------------------- --------------------------------------------------- b) Initial notification/Amendment Initial notification ---- ----------------------------------------------------------- --------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- ---------------------------------------------------------------------------------------------------------------- a) Name Augean Plc ---- ----------------------------------------------------------- --------------------------------------------------- b) LEI 213800FX9OGD148QCP81 ---- ----------------------------------------------------------- --------------------------------------------------- 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 financial instrument, type of Ordinary 10p shares instrument ISIN: GB00B02H2F76 Identification code ---- ----------------------------------------------------------- --------------------------------------------------- b) Nature of the transaction Grant of Options ---- ----------------------------------------------------------- --------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) -------------- ---------- 1. 10 pence 428,619 2. 10 pence 305,862 3. 10 pence 271,878 4. 10 pence 83,000 5. 10 pence 83,000 6. 10 pence 83,000 7. 10 pence 83,000 8. 10 pence 83,000 -------------- ---------- ---- ----------------------------------------------------------- --------------------------------------------------- d) Aggregated information N/a (Single transaction) - Aggregated volume - Price ---- ----------------------------------------------------------- --------------------------------------------------- e) Date of the transaction 28 April 2017 ---- ----------------------------------------------------------- --------------------------------------------------- f) Place of the transaction London Stock Exchange, AIM ---- ----------------------------------------------------------- ---------------------------------------------------
For further information, call:
Augean plc Dr Stewart Davies, Chief Executive Mark Fryer, Group Finance Director 01937 844 980 N+1 Singer Shaun Dobson Alex Price 020 7496 3000 FTI Consulting Oliver Winters Fiona Walker 020 3727 1535
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHSEDFMAFWSESL
(END) Dow Jones Newswires
May 02, 2017 02:01 ET (06:01 GMT)
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