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FLK Fletcher King Plc

35.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fletcher King Plc LSE:FLK London Ordinary Share GB0003425310 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% 35.00 33.00 37.00 35.00 35.00 35.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 3.13M 233k 0.0227 15.42 3.59M

Fletcher King PLC Grant of Share Options (6547R)

01/03/2019 4:10pm

UK Regulatory


Fletcher King (LSE:FLK)
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RNS Number : 6547R

Fletcher King PLC

01 March 2019

FLETCHER KING PLC

GRANT OF SHARE OPTIONS

Fletcher King plc (the "Company") announces that, further to the announcement of 19 October 2016 regarding the introduction of a new Enterprise Management Incentive plan, the remuneration committee has today awarded a total of 640,000 options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Directors and employees (the "Options"). These Options were granted under the rules of the Company's EMI scheme.

The Options are exercisable at the closing mid-market price of Ordinary Shares ("Market Value") as at 28 February 2019, being 46 pence per Ordinary Share (the "Exercise Price").

The Options are ordinarily exercisable after a minimum period of five years and conditional on the Market Value of an Ordinary Share at the exercise date having been, for the immediately preceding period of 30 trading days, at least 20% higher than the Market Value of a Share at the date of grant. The Options expire on the tenth anniversary of grant if not exercised.

The Directors who have been awarded Options are as follows:

 
 Director         Position             Number of Options 
                                        granted 
 Richard Goode    Managing Director    100,000 
 Robert Dickman   Executive Director   150,000 
 Paul Andrews     Executive Director   150,000 
 

In aggregate, the 400,000 Options granted to the Directors represent approximately 4.34 per cent. of the current issued share capital of the Company.

In addition, a further 240,000 Options were awarded to certain employees of the Company, on the same terms as above.

Following the grant of the Options, the total number of Ordinary Shares outstanding under option arrangements is 1,240,000, representing approximately 13.46 per cent. of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries

Fletcher King plc

David Fletcher

Tel: 0207 493 8400

Cairn Financial Advisers LLP

James Caithie / Tony Rawlinson

Tel: 020 7213 0880

 
 Notification of a Transaction pursuant to Article 19(1) of 
  Regulation (EU) No. 596/2014 
 Details of the person discharging managerial responsibilities/person 
  closely associated 
 Name                                  Richard Goode 
                                      --------------------------------------------------- 
 Reason for notification 
                                      --------------------------------------------------- 
 Position/Status                       Director 
                                      --------------------------------------------------- 
 Initial notification/                 Initial 
  Amendment 
                                      --------------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                                  Fletcher King plc 
                                      --------------------------------------------------- 
 LEI                                                    21380047ETCYL7UA8W49 
                                      --------------------------------------------------- 
 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 
 Description of                        Options over ordinary shares of 10p each 
  the financial 
  instrument, type 
  of instrument 
                                        GB0003425310 
  Identification 
  Code 
                                      --------------------------------------------------- 
 Nature of the                         Grant of Options to subscribe for ordinary 
  transaction                           shares 
                                      --------------------------------------------------- 
 
 Price(s) and volume(s)                 Price(s)                      Volume(s) 
   Exercise price 
    of 46p per 
    share                                                             100,000 
  -----------------------------------------------------------------  ---------------- 
 
 Aggregated information 
                                         N/A 
  - Aggregated Volume 
 
  - Price 
                                      --------------------------------------------------- 
 Date of the transaction               1 March 2019 
                                      --------------------------------------------------- 
 Place of the transaction              UK 
                                      --------------------------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 19(1) of 
  Regulation (EU) No. 596/2014 
 Details of the person discharging managerial responsibilities/person 
  closely associated 
 Name                                  Robert Dickman 
                                      --------------------------------------------------- 
 Reason for notification 
                                      --------------------------------------------------- 
 Position/Status                       Director 
                                      --------------------------------------------------- 
 Initial notification/                 Initial 
  Amendment 
                                      --------------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                                  Fletcher King plc 
                                      --------------------------------------------------- 
 LEI                                                    21380047ETCYL7UA8W49 
                                      --------------------------------------------------- 
 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 
 Description of                        Options over ordinary shares of 10p each 
  the financial 
  instrument, type 
  of instrument 
                                        GB0003425310 
  Identification 
  Code 
                                      --------------------------------------------------- 
 Nature of the                         Grant of Options to subscribe for ordinary 
  transaction                           shares 
                                      --------------------------------------------------- 
 
 Price(s) and volume(s)                 Price(s)                      Volume(s) 
   Exercise price 
    of 46p per 
    share                                                             150,000 
  -----------------------------------------------------------------  ---------------- 
 
 Aggregated information 
                                         N/A 
  - Aggregated Volume 
 
  - Price 
                                      --------------------------------------------------- 
 Date of the transaction               1 March 2019 
                                      --------------------------------------------------- 
 Place of the transaction              UK 
                                      --------------------------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 19(1) of 
  Regulation (EU) No. 596/2014 
 Details of the person discharging managerial responsibilities/person 
  closely associated 
 Name                                  Paul Andrews 
                                      --------------------------------------------------- 
 Reason for notification 
                                      --------------------------------------------------- 
 Position/Status                       Director 
                                      --------------------------------------------------- 
 Initial notification/                 Initial 
  Amendment 
                                      --------------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                                  Fletcher King plc 
                                      --------------------------------------------------- 
 LEI                                                    21380047ETCYL7UA8W49 
                                      --------------------------------------------------- 
 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 
 Description of                        Options over ordinary shares of 10p each 
  the financial 
  instrument, type 
  of instrument 
                                        GB0003425310 
  Identification 
  Code 
                                      --------------------------------------------------- 
 Nature of the                         Grant of Options to subscribe for ordinary 
  transaction                           shares 
                                      --------------------------------------------------- 
 
 Price(s) and volume(s)                 Price(s)                      Volume(s) 
   Exercise price 
    of 46p per 
    share                                                             150,000 
  -----------------------------------------------------------------  ---------------- 
 
 Aggregated information 
                                         N/A 
  - Aggregated Volume 
 
  - Price 
                                      --------------------------------------------------- 
 Date of the transaction               1 March 2019 
                                      --------------------------------------------------- 
 Place of the transaction              UK 
                                      --------------------------------------------------- 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 01, 2019 11:10 ET (16:10 GMT)

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