Cape plc Director / PDMR notification (7826Z)

TIDMCIU

RNS Number : 7826Z

Cape plc

17 March 2017

17 March 2017

Cape plc ('Cape' or the 'Company')

Director / PDMR notification

Cape Performance Share Plan

Cape plc (the "Company") announces that, pursuant to its annual grant under its 2011 Performance Share Plan and subject to the limitations set out in its Remuneration Policy (as adopted on 14 May 2014), Joe Oatley and Michael Speakman were granted nil-cost options over the Company's ordinary shares of 25 pence each on 17 March 2017:

 
Director           Number of options  Total number 
                    and                of shares over 
                    % of issued        which options 
                    capital            are held, and 
                                       % of issued 
                                       capital following 
                                       this notification 
Joe Oatley         364,333 - 0.30%    905,533 - 0.75% 
Michael Speakman   270,989 - 0.22%    673,532 - 0.56% 
 

Subject to certain performance conditions being met, the options will vest on a sliding scale basis on the third anniversary of the date of grant, and be exercisable during the period 17 March 2020 to 16 March 2022. Such part of the options which do not vest, due to the performance conditions not being met, will lapse.

Cape plc

Richard Allan

Company Secretary

Direct dial: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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March 17, 2017 03:00 ET (07:00 GMT)