Redhall Group PLC Grant of Options (4609S)

TIDMRHL

RNS Number : 4609S

Redhall Group PLC

02 October 2017

2 October 2017

Redhall Group plc

("Redhall" or the "Company")

Grant of award under the Redhall 2007 Discretionary Share Option Plan (the "Plan")

The Company announces that on 29 September 2017, the Remuneration Committee of the Board of Redhall (the "Remuneration Committee") granted 2,000,000 options (the "Options") over ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") to Wayne Pearson, an executive director of the Company, in accordance with the terms of the Plan.

The Options, which are granted at a price of 9.375 pence (the closing price of an Ordinary Share on 29 September 2017) and are exercisable at a price of 16.2 pence, shall vest on 29 September 2020 subject to the achievement by the Company of performance targets set by the Remuneration Committee and linked to the growth in the price of Ordinary Shares (the "Vesting Conditions").

Subject to the achievement of the Vesting Conditions, the Options will be exercisable into Ordinary Shares by Wayne Pearson between 29 September 2020 and 29 September 2027.

The Company publicly discloses the following notifications:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      Wayne Pearson 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           Chief Operating Officer 
---  ------------------------  ------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                      Redhall Group plc 
---  ------------------------  ------------------------------- 
 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            Award of options over Ordinary 
       the financial             Shares 
       instrument, type 
       of instrument 
                                 GB0001112035 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Award made pursuant to the 
       transaction               Redhall 2007 Discretionary 
                                 Share Option Plan 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   nil         2,000,000 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
 
       - Aggregated               NA 
       volume 
 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   29 September 2017 
---  ------------------------  ------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ------------------------------- 
 

Contact details:

 
  Redhall Group plc                       Tel: +44 (0) 
                                           1924 385 386 
  Phil Brierley, Chief Executive 
   Chris Kelly, Group Finance Director 
 
  Buchanan                                Tel: +44 (0) 
                                           20 7466 5000 
  Mark Court, Sophie Cowles 
 
  GCA Altium, NOMAD 
  Tim Richardson, Simon Lord              Tel: +44 (0) 
                                           845 505 4343 
 
  WH Ireland, Broker 
  Adrian Hadden, Ed Allsopp               Tel: +44 (0) 
                                           20 7220 1666 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFSWFLEFWSELS

(END) Dow Jones Newswires

October 02, 2017 10:51 ET (14:51 GMT)