Knights Group Holdings PLC Grant of Options under 2018 SAYE Scheme (1952L)

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RNS Number : 1952L

Knights Group Holdings PLC

21 December 2018

21 December 2018

Knights Group Holdings plc

Grant of Options under 2018 SAYE Scheme

("Knights", the "Company" or the "Group")

Knights, one of the UK's fastest growing regional legal and professional services businesses, announces the grant of options to employees as part of its Savings-Related Share Option Scheme ("SAYE") for 2018. The scheme is open to all permanent employees, giving them the opportunity to participate in the future growth of the Group via share option arrangements.

Eligible employees were invited to subscribe for options over Knights' ordinary shares of GBP0.002 each ("Shares") with an exercise price of 161.52p, which represents a 20% discount to the closing middle market price of 201.9p on 23 November 2018 being the trading day before the invitation to participate was made. The options have a contract start date of 1 February 2019 and are exercisable from 36 months thereafter.

A total of 192 employees elected to participate, and pursuant to these elections, options over a total of 900,785 Shares have been granted today. This includes options granted over a total of 71,320 Shares to the following eight employees who are regarded as Persons Discharging Managerial Responsibilities ("PDMR's"):

 
 NAME                 SHARES UNDER OPTION IN SAYE 
 Andrew Pilkington               6,686 
                     ---------------------------- 
 Julia Stokes                    4,457 
 Kate Lewis                     11,144 
 Lisa Bridgwood                 11,144 
                     ---------------------------- 
 Mark Anton-Smith               11,144 
 Nigel Johnson                  11,144 
                     ---------------------------- 
 Philip Marsh                    4,457 
 Tom Bower                      11,144 
 TOTAL                          71,320 
                     ---------------------------- 
 

Ends

Enquiries

 
 Knights 
 David Beech, CEO                              via MHP Communications 
                                              ----------------------- 
 Numis (Nominated Adviser and Broker) 
 Stuart Skinner, Kevin Cruickshank, Michael 
  Burke                                              [phone] 
                                              ----------------------- 
 MHP Communications (Media enquiries) 
 Andrew Jaques, Katie Hunt, Kelsey Traynor           [phone] 
                                                     [e-mail] 
                                              ----------------------- 
 

Notes to Editors

Knights is a fast-growing, regional legal and professional services business, ranked within the UK top 100 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all of the key areas of corporate and commercial law so that it can offer end-to-end support to businesses of all sizes and in all sectors. The Company's main focus is on the UK's secondary regional markets, offering 'big city' quality expertise from a regional cost base. Currently, Knights operates from eight offices located in Cheltenham, Chester, Derby, Newcastle-Under-Lyme, Manchester, Wilmslow, Oxford and Leicester.

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December 21, 2018 02:00 ET (07:00 GMT)