Richoux Group PLC Grant of Options (9830Y)

TIDMRIC

RNS Number : 9830Y

Richoux Group PLC

11 December 2017

11 December 2017

Richoux Group plc

(the "Company")

Grant of Options

The Company announces that, on 11 December 2017, it granted options over 300,000 ordinary shares of 4 pence each in the capital of the Company ("Options") to Salvatore Diliberto, Non-Executive Director, pursuant to the Company's Unapproved Share Option Scheme 2014. Salvatore Diliberto now holds Options over 1,300,000 ordinary shares.

The Options are exercisable at a price of 14 pence per share, being the closing price on 8 December 2017; and vest between 3 and 10 years from the date of grant.

Following the above grant, the Company has a total of 5,354,003 ordinary shares under option, representing approximately 4.3 per cent of the Company's issued share capital.

ENQUIRIES:

Richoux Group plc

   Susan Ludley                        [phone] 

Cenkos Securities plc

   Bobbie Hilliam                     [phone] 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ----------------------------------------------------------------------- 
 a)    Name:                               Salvatore Diliberto 
----  ----------------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------------- 
 a)    Position/Status:                    Non-Executive Director 
----  ----------------------------------  ----------------------------------- 
 b)    Initial Notification/Amendment:     Initial Notification 
----  ----------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance market 
        participation, auction platform, auctioneer 
        or auction monitor 
----  ----------------------------------------------------------------------- 
 a)    Name:                               Richoux Group plc 
----  ----------------------------------  ----------------------------------- 
 b)    LEI:                                2138001QX7TELHBM9E27 
----  ----------------------------------  ----------------------------------- 
 4.    Details of 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                      Options over ordinary shares 
        the financial                       of 4 pence each in the capital 
        instrument:                         of the Company 
        Identification 
        code:                               ISIN: GB00B0NYFG99 
----  ----------------------------------  ----------------------------------- 
 b)    Nature of the                       Grant of Options 
        transaction: 
----  ----------------------------------  ----------------------------------- 
 c)    Price(s) and                        Price(s)           Volume(s) 
        volume(s): 
----  ----------------------------------  -----------------  ---------------- 
   -                                                          300,000 
  ---------------------------------------------------------  ---------------- 
 d)    Aggregated volume:                  N/A - single transaction 
        Price: 
----  ----------------------------------  ----------------------------------- 
 e)    Date of the Transaction:            11 December 2017 
----  ----------------------------------  ----------------------------------- 
 f)    Place of the                        Outside a trading venue 
        Transaction: 
----  ----------------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 11, 2017 08:06 ET (13:06 GMT)