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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Manroy | LSE:MAN | London | Ordinary Share | GB00B4L12X65 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 85.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMAN
RNS Number : 0814R
Manroy PLC
28 October 2011
28 October 2011
Manroy Plc
("Manroy" or the "Company")
Grant of Options over Ordinary Shares to employees under
Enterprise Management Incentive Scheme
and Director Dealing
Manroy (AIM:MAN), the leading UK machine gun manufacturer, announces that it has today granted options ("Options") over a total of 217,250 ordinary shares of 5p each in the Company ("Ordinary Shares") to a number of employees, including certain Directors, pursuant to Manroy's Enterprise Management Incentive Scheme ("the Scheme").
The Options are exercisable at 95 pence per share, being the price at which the Company issued new Ordinary Shares pursuant to the placing in August this year, and the vesting of Options is subject to certain performance criteria set by the Remuneration Committee of the Board. The first date of exercise of the Options is three years from the date of grant and the last date of exercise is ten years from the date of grant.
Included within this grant of Options are Options granted to Glyn Bottomley, Chief Executive, over 100,000 Ordinary Shares and Paul Carter, Finance Director, over 25,000 Ordinary Shares. Following this grant of Options, Glyn Bottomley holds an Option over a total of 100,000 Ordinary Shares and Paul Carter holds Options over a total of 125,000 Ordinary Shares. As Glyn Bottomley and Paul Carter are members of the Concert Party (as defined in the Company's circular dated 25 July 2011), exercise by them of any of their Options would be subject to the provisions of Rule 9 of the City Code on Takeovers and Mergers.
Manroy's issued share capital comprises 18,194,202 Ordinary Shares. Following today's grant of Options, the Company has granted, in aggregate, Options over 556,815 Ordinary Shares.
In addition, the Company has today been notified that Gerry Clark, Non-Executive Director, has purchased into his SIPP 20,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 88p per Ordinary Share on 26 October 2011 and a further 20,000 Ordinary Shares at a price of 90p per share on 27 October 2011. Following these transactions, Gerry Clark's interest in the Company is 87,541 Ordinary Shares, representing approximately 0.48 per cent. of the Company's issued share capital.
For further information please contact:
Manroy Plc Tel: 01483 274 765 Andrew Blurton, Chairman Arbuthnot Securities Limited Tel: 020 7012 2000 Tom Griffiths Ed Groome Tavistock Communications Tel: 020 7920 3150 Baron Phillips Simon Compton
Notes to Editors:
Manroy is a UK based manufacturer of machine guns, mounts and other associated products. A key Ministry of Defence supplier for 26 years, Manroy currently manufactures, supplies and supports:
-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG; -- the 7.62mm General Purpose Machine Gun ("GPMG"); -- M16, M4 and M5 weapons; -- Quick Change Barrel kits; and -- weapon tripods and mounting systems.
Manroy is focused on the opportunity to derive further value from existing partner relationships and create additional revenue streams by continuing to expand the product offering, and to move into new territories.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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