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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 250.00 | 245.00 | 255.00 | 250.00 | 250.00 | 250.00 | 400 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Homefurnishings Stores | 102.74M | -8.46M | -0.6146 | -4.07 | 34.4M |
From May 2019 to May 2024
TIDMPMP
RNS Number : 4710I
Portmeirion Group PLC
09 August 2019
9 August 2019
Portmeirion Group PLC
(the "Company")
Exercise of Options and PDMR Shareholdings
The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the "Option Plans") and The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan")
As part of its long term employee remuneration and retention incentives, the Company announces that, on 8 August 2019, the following transactions occurred for the persons discharging managerial responsibilities ("PDMRs") as shown below:
Hot Features
Premium
Option Plans Deferred Exercise Deferred
number options Plan number Price over Plan existing
granted (A) options granted Deferred options exercised
(B) Plan options (C)
Company directors/officers:
Group Sales & Marketing
Philip Atherton Director - 4,173 GBP1.00 1,365
Lawrence Bryan Chief Executive - 10,007 GBP1.00 2,860
Michael Knapper Operations Director - 2,615 GBP1.00 -
Moira MacDonald Company Secretary 4,600 - - -
Michael Raybould Group Finance Director - 4,358 GBP1.00 -
Subsidiary Company directors:
Production Director
Robert Findler (Portmeirion UK) 7,500 - - -
Managing Director (Wax
Jacqui Gale Lyrical) 10,000 - - -
HR Director
(Portmeirion
Samantha Pearce UK) 4,600 - - -
Finance Director
(Portmeirion
David Sproston UK) 4,600 - - -
--------------- ---------------- ------------- ------------------------
Total: 31,300 21,153 4,225
Note:
(A) Grant of options under Option Plans.
(B) Grant of new options under Deferred Plan against 2018 performance and incentive arrangements (further detail below).
(C) Exercise of existing options under the Deferred Plan.
The Company granted 31,300 options over Ordinary Shares to the PDMRs shown above and a further 46,000 options over Ordinary Shares to other senior managers pursuant to the Option Plans, including the amounts shown above.
In addition, the Company granted 21,153 options to Executive Directors shown above over Ordinary Shares pursuant to the Deferred Plan. In accordance with the rules of the Deferred Plan, the number of options granted is based on the gross incentive payment earned by the relevant Director in respect of the year ended 31 December 2018.
As a result of the exercise of Deferred Plan options detailed above, the Company transferred 4,225 Ordinary Shares from those held in treasury by the Company. Consequently, the Company has made an application to the London Stock Exchange for 4,225 new Ordinary Shares to be admitted to trading on AIM and trading of these Ordinary Shares is expected to commence on or around 14 August 2019 ("Admission").
Following Admission, the total number of Ordinary Shares held by the Company in treasury is 230,382 and the Company will have 11,107,483 Ordinary Shares in issue and 10,877,101 Ordinary Shares with voting rights. The figure of 10,877,101 Ordinary Shares may be used by shareholders of the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
PDMR Shareholdings
The total number of Ordinary Shares over which each PDMR holds options and the total number of Ordinary Shares with voting rights held following this Admission is:
Total number Total number Ordinary Shares
of options of Ordinary percentage
over Ordinary Shares with of Company's
Shares voting rights Ordinary Shares
with voting
rights
Philip Atherton 56,965 16,499 0.15%
Lawrence Bryan 96,947 98,561 0.91%
Michael Knapper 49,365 2,511 0.02%
Moira MacDonald 19,600 2,693 0.02%
Michael Raybould 67,275 - -
Robert Findler 10,500 - -
Jacqui Gale 10,000 - -
Samantha Pearce 19,600 100 0.00%
David Sproston 17,100 - -
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
------------------------------
Lawrence Bryan Chief Executive
------------------------------
Michael Knapper Operations Director
------------------------------
Moira MacDonald Group Company Secretary
------------------------------
Michael Raybould Group Finance Director
------------------------------
Subsidiary Company directors:
Jacqui Gale Managing Director (Wax
Lyrical)
------------------------------
Robert Findler Production Director
(Portmeirion UK)
------------------------------
Samantha Pearce HR Director (Portmeirion
UK)
------------------------------
David Sproston Finance Director (Portmeirion
UK)
------------------------------
------------------------------- --------------------------------------------------------------------------
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 (A) Performance related, Grant of
options under Option Plans. Exercise
period 9 August 2022 - 7 August
2029.
(B) Grant of new options under The
Portmeirion Group 2018 Deferred
Incentive Share Option Plan (the
"Deferred Plan").
(C) Exercise of Existing options
under the Deferred Plan.
------------------------------- --------------------------------------------------------------------------
d) Price(s) and volume(s) In respect of (A) Grant of options
under Option Plans
Price at grant: Nil
Exercise Price: GBP9.80 pence per
Ordinary Share
Volume(s)
Options over Ordinary
Shares
Moira MacDonald 4,600
----------------------
Robert Findler 7,500
----------------------
Jacqui Gale 10,000
----------------------
Samantha Pearce 4,600
----------------------
David Sproston 4,600
----------------------
In respect of (B) Grant of options
under Deferred Plan
Price at grant: Nil
Exercise Price (per PDMR in respect
of all options granted): GBP1 Options over Ordinary
Shares
Philip Atherton 4,173
----------------------
Lawrence Bryan 10,007
----------------------
Michael Knapper 2,615
----------------------
Michael Raybould 4,358
----------------------
In respect of (C) Exercise of options
under the Deferred Plan
Exercise Price (per PDMR in respect
of all options exercised): GBP1 Options over Ordinary
Shares
Philip Atherton 1,365
----------------------
Lawrence Bryan 2,860
----------------------
------------------------------- --------------------------------------------------------------------------
e) Aggregated information In respect of (A) Grant of options
* Aggregated volume under Option Plans
Nil, grant of options only
In respect of (B) Grant of options
* Price under Deferred Plan
Nil, grant of options only
In respect of (C) Exercise of options
under the Deferred Plan
GBP1.00
GBP1.00
------------------------------- --------------------------------------------------------------------------
f) Date of the transactions
In respect of (A) Grant of options
under Option Plans - 8 August 2019
In respect of (B) Grant of options
under Deferred Plan 8 August 2019
In respect of (C) Exercise of options
under the Deferred Plan - 8 August
2019
------------------------------- --------------------------------------------------------------------------
g) Place of the transactions In respect of (A) Grant of options
under Option Plans - - Off-market
In respect of (B) Grant of options
under Deferred Plan - Off-market
In respect of (C) Exercise of options
under the Deferred Plan - Off-market
------------------------------- --------------------------------------------------------------------------
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC:
Dick Steele, +44 (0) 1782 steele_clan@msn.com
Non-executive Chairman 744721
Mike Raybould, +44 (0) 1782 mraybould@portmeiriongroup.com
Group Finance Director 744721
Hudson Sandler:
Dan de Belder +44 (0) 207 796 ddebelder@hudsonsandler.com
Nick Moore 4133 nmoore@hudsonsandler.com
Oenone Potter opotter@hudsonsandler.com
Panmure Gordon:
(Nominated Adviser and +44 (0) 207 886
Broker) 2500
Freddy Crossley / Joanna Corporate Finance
Langley
James Stearns Corporate Broking
Cantor Fitzgerald Europe:
+44 (0) 207 894
(Joint Broker) 7000
Phil Davies / Rick Thompson Corporate Finance
Casper Shand Kydd Sales
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
DSHPPMATMBAMBFL
(END) Dow Jones Newswires
August 09, 2019 02:00 ET (06:00 GMT)
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