H&T Group PLC Performance Share Plan Awards (0151M)

TIDMHAT

RNS Number : 0151M

H&T Group PLC

03 January 2019

3 January 2019

H&T Group plc

("H&T", the "Company" or the "Group")

(AIM: HAT)

Performance Share Plan ("PSP") Awards

H&T Group plc announces details of awards on 28 December 2018 under the H&T Group plc 2018 Performance Share Plan ("PSP") (the "Grant").

Pursuant to the PSP, the following awards have been made to the Executive Directors of the Group:

 
 Name            Role                PSP Award     Vesting Date   Total options following 
                                      (number of                   the Grant 
                                      shares)                      (number of shares) 
                 Chief Executive 
 Mr J Nichols     Officer            98,707        28/12/2021     280,021 
 Mr S Fenerty    Finance Director    73,024        28/12/2021     189,868 
 

In addition, an award of 203,310 nil cost ordinary shares was made to other senior executives of the Group, again under the PSP.

In accordance with the rules of the PSP, the shares subject to the PSP awards will be released on 28 December 2021 subject to continued employment and the satisfaction of certain specific performance conditions. The awards are further subject to claw back and malus provisions.

The performance conditions for the awards are based on achieving growth in Total Shareholder Return at between 10% and 18% per annum and Profit Before Tax at between 9% and 16.2% per annum.

Enquiries:

H&T Group plc

Tel: [phone]

John Nichols, chief executive

Steve Fenerty, finance director

Numis Securities (broker and nominated adviser)

Tel: [phone]

Mark Lander, corporate broking

Freddie Barnfield, nominated adviser

Haggie Partners (financial public relations)

Tel: [phone]

Damian Beeley

Sarah Shephard

Chanice Smith

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ---------------------------------------------------------------------- 
 a)   Name                             1) John Nichols 
                                        2) Stephen Fenerty 
---  --------------------------  ------------------------------------------ 
 2    Reason for the notification 
---  ---------------------------------------------------------------------- 
 a)   Position/status                  1) Chief Executive Officer 
                                        2) Finance Director 
---  --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ---------------------------------------------------------------------- 
 a)   Name                        H&T Group plc 
---  --------------------------  ------------------------------------------ 
 b)   LEI                         2138006N2X1XSBSDSU74 
---  --------------------------  ------------------------------------------ 
 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          H&T GROUP PLC Ordinary shares of 5 pence 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00B12RQD06 
---  --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Issue of options 
---  --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                           Price (p)    Volume 
                                     John Nichols       Nil          98,707 
                                                       -----------  ------- 
                                     Stephen Fenerty    Nil          73,024 
                                                       -----------  ------- 
---  --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume          See 4c) above 
 
       - Price 
 
       - Aggregated value 
---  --------------------------  ------------------------------------------ 
 e)   Date of the transaction     28 December 2018 
---  --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside of a trading venue 
---  --------------------------  ------------------------------------------ 
 

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January 03, 2019 02:00 ET (07:00 GMT)