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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Portmeirion Group Plc | LSE:PMP | London | Ordinary Share | GB0006957293 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.50 | 0.98% | 257.50 | 250.00 | 265.00 | 260.50 | 255.00 | 255.00 | 10,724 | 12:36:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Homefurnishings Stores | 111.09M | 5.56M | 0.4037 | 6.38 | 35.43M |
TIDMPMP
RNS Number : 8327L
Portmeirion Group PLC
04 May 2020
4 May 2020
Portmeirion Group PLC
(the "Company")
Executive Share Option Grants
The Company announces that, on 4 May 2020, it granted options to Directors and senior managers over a total of 200,500 ordinary shares of 5 pence each in the Company ("Ordinary Shares") pursuant to The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "2012 Plans").
The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the 2012 Plans. The options granted on 4 May 2020 are normally only exercisable if t he increase in the average of the Group's basic adjusted earnings per share (as adjusted for changes in accounting standards and exceptional items) for each of the two years ending 31 December 2021 and 31 December 2022 is at least 10% higher than that for the year ended 31 December 2019. The exercise price of the options is in reference to the closing middle market price of an Ordinary Share on 1 May 2020, being the latest date prior to the grant. Of the total number of options granted, 160,500 options over Ordinary Shares were granted to persons discharging managerial responsibilities ("PDMRs") of the Company, as detailed below:
Exercise Number price options per Ordinary granted Share Exercise period Company directors/officers: Group Sales & Marketing 5 May 2023 - 3 May Philip Atherton Director 21,000 GBP4.46 2030 ------------------------- --------- -------------- ------------------- Michael Raybould Chief Executive 40,000 GBP4.46 5 May 2023 - 3 May 2030 ------------------------- --------- -------------- ------------------- Michael Knapper Operations Director 21,000 GBP4.46 5 May 2023 - 3 May 2030 ------------------------- --------- -------------- ------------------- David Sproston Group Finance Director 29,000 GBP4.46 5 May 2023 - 3 May 2030 ------------------------- --------- -------------- ------------------- Moira MacDonald Group Company Secretary 7,500 GBP4.46 5 May 2023 - 3 May 2030 ------------------------- --------- -------------- ------------------- Subsidiary company directors: Robert Findler Production Director 6,000 GBP4.46 5 May 2023 - 3 May (Portmeirion UK) 2030 ------------------------- --------- -------------- ------------------- Samantha Pearce HR Director (Portmeirion 6,000 GBP4.46 5 May 2023 - 3 May UK) 2030 ------------------------- --------- -------------- ------------------- Jacqui Gale Managing Director (Wax 10,000 GBP4.46 5 May 2023 - 3 May Lyrical) 2030 ------------------------- --------- -------------- ------------------- William Robedee President (Portmeirion 15,000 GBP4.46 5 May 2023 - 3 May USA) 2030 ------------------------- --------- -------------- ------------------- Allison Bertorelli Chief Financial Officer 5,000 GBP4.46 5 May 2023 - 3 May (Portmeirion USA) 2030 ------------------------- --------- -------------- ------------------- Total: 160,500 GBP4.46 5 May 2023 - 3 May 2030 ------------------------- --------- -------------- -------------------
The total number of Ordinary Shares over which each PDMR holds options following this notification is:
Total number of options over Ordinary Shares Philip Atherton 16,499 Michael Raybould - Michael Knapper 2,511 David Sproston - Moira MacDonald 2,693 Robert Findler - Samantha Pearce 100 Jacqui Gale - William Robedee - Allison Bertorelli -
Dick Steele, Chairman commented:
With the challenges that Covid-19 has brought to businesses worldwide, it is as important as ever that we incentivise and retain our key directors and senior managers to drive our business through this period of uncertainty. Performance-related s hare options are a powerful tool to do just that whilst aligning their interests with those of shareholders .
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1. Details of the person discharging managerial responsibilities/person closely associated a) Name Company directors/officers: Group Sales & Philip Atherton Marketing Director ------------------------- Michael Raybould Chief Executive ------------------------- Michael Knapper Operations Director ------------------------- David Sproston Group Finance Director ------------------------- Moira MacDonald Group Company Secretary ------------------------- Subsidiary company directors: Robert Findler Production Director (Portmeirion UK) ------------------------- Samantha Pearce HR Director (Portmeirion UK) ------------------------- Jacqui Gale Managing Director (Wax Lyrical) ------------------------- William Robedee President (Portmeirion USA) ------------------------- Allison Bertorelli Chief Financial Officer (Portmeirion USA) ------------------------- ------------------------------- ------------------------------------------------ 2. Reason for the notification --------------------------------------------------------------------------------- a) Position/status See 1(a) above for all positions - all classified as PDMRs of the Company ------------------------------- ------------------------------------------------ b) Initial notification/Amendment Initial Notification ------------------------------- ------------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------------------- a) Name Portmeirion Group PLC ------------------------------- ------------------------------------------------ b) LEI 2138003QC9J6TLZJHO70 ------------------------------- ------------------------------------------------ 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 financial Ordinary Shares of 5 pence each instrument ------------------------------- ------------------------------------------------ b) Identification code GB0006957293 ------------------------------- ------------------------------------------------ c) Nature of the transactions Grant of options over Ordinary Shares ------------------------------- ------------------------------------------------ d) Price(s) and volume(s) Price at grant: Nil Exercise Price: 446 pence per Ordinary Share Volume(s) Options over Ordinary Shares Philip Atherton 21,000 --------------- Michael Raybould 40,000 --------------- Michael Knapper 21,000 --------------- David Sproston 29,000 --------------- Moira MacDonald 7,500 --------------- Robert Findler 6,000 --------------- Samantha Pearce 6,000 --------------- Jacqui Gale 10,000 --------------- William Robedee 15,000 --------------- Allison Bertorelli 5,000 --------------- ------------------------------- ------------------------------------------------ e) Aggregated information Nil, grant of options only * Aggregated volume * Price ------------------------------- ------------------------------------------------ f) Date of the transactions 4 May 2020 ------------------------------- ------------------------------------------------ f) Place of the transactions Off-market ------------------------------- ------------------------------------------------
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC: Mike Raybould +44 (0) 1782 743 mraybould@portmeiriongroup.com Chief Executive Officer 444 David Sproston +44 (0) 1782 743 dsproston@portmeiriongroup.com Group Finance Director 444 Hudson Sandler: Dan de Belder +44 (0) 207 796 ddebelder@hudsonsandler.com Nick Moore 4133 nmoore@hudsonsandler.com Panmure Gordon: (Nominated Adviser and +44 (0) 207 886 Broker) 2500 Freddy Crossley / Joanna Corporate Finance Langley James Stearns Corporate Broking
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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(END) Dow Jones Newswires
May 04, 2020 06:42 ET (10:42 GMT)
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