Sprue Aegis Share Discussion Threads

[pj 1] 12/11/2014 18:55

At the year end, the following directors had an interest in the following share options:

G R A Whitworth 285,000 ordinary 2p shares, exercisable by 15th May 2015 at 19.25p per share
N A Rutter 435,000 ordinary 2p shares, exercisable by 15th May 2015 at 19.25p per share
J R Gahan 300,000 ordinary 2p shares, exercisable by 29th June 2017 at 35.00p per share
G R A Whitworth 75,000 ordinary 2p shares, exercisable by 29th June 2017 at 35.00p per share
N A Rutter 75,000 ordinary 2p shares, exercisable by 29th June 2017 at 35.00p per share


==============================================================================
Directors' emoluments in respect of the directors of Sprue Aegis plc £'000 £'000
Aggregate emoluments 1,084 669
The emoluments of the highest paid director 252 160
During the year three directors exercised a total of 1,150,000 share options at an average option price of 0.22 pence. The share-based payment charge
relating to the remaining three directors was £574 (2012: £9,024).
Under the defined contribution pension scheme the pension cost charge payable by the group in respect of the directors for the year amounted to
£39,567 (2012: £31,735). Contribution payments under the defined contribution pension scheme to the highest paid director amounted to £6,848 (2012:
£14,946).
SPRUE AEGIS PLC
The element of the share-based payment charge relating to the highest paid director was £547 (2012: £1,147).
The number of directors accruing benefits under the defined contribution pension scheme is three (2012: 3)

[extrader] 12/11/2014 18:44

Hi GHF,

I'm an SPRP holder and attended Mello, where I saw little to shake my conviction re the 'bull case' for the Company.

I'm also not concerned about the materiality of the PMDR transaction.

However, having looked for info re PMDR remuneration to put the whole story in context, I couldn't find anything, either in the 2013 accounts (pre AIM) or in the Admission Document.

I'm not familiar whether this is a statutory requirement and thought its omission a bit odd.

Grateful if - as an old SPRP hand - you'd clarify and share the info, if you have it.

Many thanks

ATB

[glasshalfull] 12/11/2014 18:20

Can't believe the volume of posts generated for a £60k share sale! Where are you all when there are discussions on performance & future strategy?

This is a NON EVENT & I don't believe worthy of discussion. As THE BIG FELLA mentions, sales are made for a variety of reasons & I think is pointless speculating on the reasons behind it.

Note that he has plenty of skin in the game via options that are currently worth £900k.

Now, if Directors sold a large quantity en-mass then that would be worthy of attention!


Regards,
GHF

[extrader] 12/11/2014 17:52

Hi all,

The FD's compensation package isn't obvious (input welcome) but a 20k/£60K sale doesn't seem outlandish,given :

(a) this would have generated £12K 18 months ago, may be just prudent top-slicing and tax planning; esp. given
(b) if they rise to 450p in the foreseeable, that's 'only' an extra £ 30K.

Even in Coventry, £60K won't get you far trading in the property market !

The more interesting questions to me are :

(1) can't see management remuneration in the 2013 A/R, maybe it's in the Admission Doc ?
(Edit : No, doesn't seem to be......odd)
(2) A 47K shareholding doesn't on the face of it seem terribly high to start with, esp. for someone who's been with the co since 2010....

Any thoughts?

ATB

[shauney2] 12/11/2014 17:47

Agreed TBF.It was a genuine sale.At least they went straight to the market and not through EFH.
Maybe he is buying his wife a Merc soft top for Christmas.

I see the naked trader added to his holding according to his blog today.

[the big fella] 12/11/2014 17:25

Falling shares? This is nearly at an all time high. The legislative drivers in France and Germany will drive this forward for years to come.
CGT - the more you pay mean the more successful you have been.

[ghostofahangman] 12/11/2014 16:55

It's amazing how many people hold onto falling shares that they are making a big profit on, because they don't want to pay the CGT bill

[the big fella] 12/11/2014 16:48

There are such things as personal reasons. I have sold a few recently, primarily because I held over 200k shares - so that is a lot of cash riding on one investment. I bought a new car and am renovating a property so raised c£100k. It is not that I think the shares will fall, but the whole idea of investing in shares is to make a profit and spend the cash on nice things. Well it is in my book anyway.
Who knows what JG wants the cash for, but I very much doubt he is selling because he is aware of anything untoward with the business itself.

[gucci] 12/11/2014 16:31

hhmmmm
doesnt look too good

[99matti99] 12/11/2014 16:30

BRR interview of John Gahan, Group Finance Director at Mello 2014:

'This year is set to be a record year for SPRP'
'The business has never been in such a good position'
'Would like to think that we can maintain growth of turnover (CAGR 37% since '07) and profit (CAGR 32% since '07). It gets more challenging as we get bigger. Market opportunities look very exciting to us.....lot of opportunities within grasp'

.....but I will sell more than half my holding!......hmmmmmmmmmm........

[gucci] 12/11/2014 16:19

exactly my thoughts MG1982

[mg1982] 12/11/2014 16:14

Im surprised that with such a small holding he still decided to sell nearly half of his stake.

[gucci] 12/11/2014 16:13

its always personal reasons

[scottishfield] 12/11/2014 16:12

''for personal reasons'', just needs the money imo

[gucci] 12/11/2014 16:11

thats more than half his holding

[gucci] 12/11/2014 16:10

12 November 2014



Sprue Aegis plc



("Sprue" or the "Company")



Director's Dealing



The Company announces that it has been notified that earlier today and yesterday, John Gahan, Group Finance Director, sold 27,000 Ordinary Shares ("Ordinary Shares") in the Company at an average price of £3.02 per share for personal reasons.



Following this transaction, John Gahan has an interest in 20,000 Ordinary Shares, which represents approximately 0.04 per cent. of the Company's issued share capital.





- Ends -

[glasshalfull] 11/11/2014 18:07

Very welcome tanners.

Click on link below per my tweet, for John Gahan's interview at Mello 2014.

@Glasshalfull1: #Mello2014 - SPRP (Sprue Aegis) John Gahan, Group FD courtesy of @brr_mediauk #TMFPP

Regards,
GHF

[tanners] 11/11/2014 15:00

GHF - likewise, thanks for the report from the Mello event.....all sounds quietly exciting!

[gucci] 10/11/2014 16:14

delayed 10k buy ar 307p just posted

[gucci] 10/11/2014 15:56

l2 getting ready for a move

[pj 1] 10/11/2014 15:49

Ill answer that @450p , ok?

[macarre] 10/11/2014 15:46

Just topped up. Was that a good trade?

[gucci] 10/11/2014 13:39

breaking out

[shauney2] 10/11/2014 11:37

Cheers GHF,sees to have moved the price on.

[whymps2] 09/11/2014 20:31

Thanks Ghf