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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fireangel Safety Technology Group Plc | LSE:FA. | London | Ordinary Share | GB0030508757 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.25 | 3.50 | 5.00 | 4.25 | 4.25 | 4.25 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Equip, Nec | 57.46M | -5.85M | -0.0323 | -1.32 | 7.7M |
TIDMFA.
RNS Number : 6886E
FireAngel Safety Technology Group
09 July 2021
9 July 2021
FireAngel Safety Technology Group plc
('FireAngel', the 'Group' or the 'Company')
Award of Options under Share Plan
PDMR shareholdings
FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that on 8 July 2021 it made awards of options ("Options") over a total of 7,470,891 FireAngel Safety Technology Group plc ordinary shares of 2p each (the 'Shares') to certain directors and senior managers employed within the Group, under its Long-Term Incentive Plan ('LTIP').
Under the LTIP, awards were made to the following Persons Discharging Managerial Responsibility ('PDMRs'):
Name Position Status LTIP Options award (over Shares) Directors Director and John Conoley Executive Chairman PDMR 1,821,272 ------------------------ -------------- ------------- Director and Zoe Fox Chief Finance Officer PDMR 1,311,316 ------------------------ -------------- ------------- Senior Managers Nick Rutter Chief Product Officer PDMR 450,000 ------------------------ -------------- ------------- Rene Nolten Business Unit Director PDMR 450,000 ------------------------ -------------- ------------- Claire Pickard Supply Chain Director PDMR 450,000 ------------------------ -------------- ------------- Steve Boggis Business Unit Director PDMR 450,000 ------------------------ -------------- -------------
Under the LTIP, selected employees are entitled to exercise an Option to receive a certain number of Shares at any time after a three-year vesting period ("Vesting Period"), at a cost to the employee of the nominal value of the Shares.
Vesting of the LTIP Options is dependent on performance targets, based on total shareholder return ('TSR') and Earnings per share ('EPS'). The award is split evenly across the 2 performance conditions with 50 per cent. of the total award for each performance condition.
The maximum number of Options that vest and become exercisable into Shares at the end of the Vesting Period is calculated as follows for each performance condition:
Total Shareholder Return % of Options that vest under the (TSR) TSR performance condition (50% of total award) Less than 100% growth Nil ----------------------------------------------------- 100% growth 25% ----------------------------------------------------- Between 100% growth and Between 25% and 100% on a straight-line 200% growth basis ----------------------------------------------------- 200% growth or more 100% ----------------------------------------------------- Earnings Per Share (EPS) % of Options that vest under the EPS performance condition (50% of total award) Less than 2.2 pence Nil ----------------------------------------------------- Between 2.2 pence and 3.2 Between 0% and 25% on a straight-line pence basis ----------------------------------------------------- Between 3.2 pence and 4.2 Between 25% and 100% on a straight-line pence basis ----------------------------------------------------- 4.2 pence or more 100% -----------------------------------------------------
Following the Vesting Period, the Options are exercisable for 10 years, after which, any un-exercised Option will lapse.
Any entitlement under the LTIP will lapse on cessation of employment prior to the end of the three-year vesting period, unless cessation of employment is by reason of redundancy, ill health or death.
In addition to these awards, both John Conoley and Nick Rutter have irrevocably and unconditionally surrendered and cancelled 1,500,000 and 250,000 Options respectively in the capital of the Company under the FireAngel Safety Technology Group 2015 Long Term Incentive Plan, previously awarded on 2 August 2019.
Following the awards and surrenders, the total interests of each of the PDMRs referred to above in Shares is as follows:
Name Ordinary % of ordinary Interest shares held shares in shares held in share schemes Directors --------------------------------------------------------------------------------- John Conoley (including wife's holding) 739,463 0.41% 7,177,446 ------------- -------------- ----------- Zoe Fox 52,417 0.03% 1,443,260 ------------- -------------- ----------- Senior Managers --------------------------------------------------------------------------------- Nick Rutter 4,102,107 2.27% 877,107 ------------- -------------- ----------- Rene Nolten - - 575,000 ------------- -------------- ----------- Claire Pickard (including husband's holding) 241,711 0.13% 653,000 ------------- -------------- ----------- Steve Boggis - 450,000 ------------- -------------- -----------
For further information, please contact:
FireAngel Safety Technology Group plc 024 7771 7700 John Conoley, Executive Chairman Zoe Fox, Chief Finance Officer Shore Capital (Nominated adviser and Joint broker) 020 7408 4050 Tom Griffiths/David Coaten Singer Capital Markets (Joint Broker) Rick Thompson/Alex Bond 020 7496 3000 Houston (Financial PR) Kate Hoare/Laura Stewart 020 4529 0549
Notes to Editors
About FireAngel Safety Technology Group plc
FireAngel's mission is to protect, save and improve our customers' lives by making innovative, leading edge technology simple and accessible. FireAngel is one of the market leaders in the European home safety products market.
FireAngel's principal products are connected smoke alarms, CO alarms, heat alarms and accessories. The Company has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories. Products are sold under FireAngel's leading brands of FireAngel, FireAngel Pro, FireAngel Specification and AngelEye.
For further product information, please visit: www.fireangeltech.com
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(END) Dow Jones Newswires
July 09, 2021 02:00 ET (06:00 GMT)
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