SWP Group PLC Director/PDMR Shareholding (7202I)

TIDMSWP

RNS Number : 7202I

SWP Group PLC

27 July 2012

SWP Group plc (the "Company")

Grant of Share Options

The Board of SWP Group plc announces that following approval by the Company's Remuneration Committee on 26(th) July 2012, the Board has granted each of its Executive Directors (the "Executive Directors") options ("Options") under the SWP 2010 Unapproved Share Option Plan (the "Unapproved Plan") in total over 6,500,000 ordinary shares of 0.5 pence each in the share capital of the Company ("Ordinary Shares") for nil consideration.

The options granted to the Executive Directors under the Unapproved Plan have an exercise price of 5.0 pence per share. The number of ordinary shares subject to the options granted, together with the beneficial interests of the Executive Directors currently held in the issued share capital of the Company, is as follows:

 
 Director                No. of   No. of Ordinary         Total No.   No. of options           No. of           No. of 
                       Ordinary    Shares subject       of Ordinary        currently         Ordinary         Ordinary 
                 Shares subject        to Options    Shares subject        held as a           Shares           Shares 
                     to Options        previously        to Options       percentage        currently        currently 
                  granted under     granted under     granted under           of the             held        held as a 
                 the Unapproved    the Unapproved    the Unapproved        Company's                        percentage 
                           Plan              Plan              Plan   issued capital                            of the 
                                                                                                             Company's 
                                                                                                          issued share 
                                                                                                               capital 
--------------  ---------------  ----------------  ----------------  ---------------  ---------------  --------------- 
 
 Colin Stott 
  (Executive 
  Director)           2,000,000         2,000,000         4,000,000            1.97%          250,000            0.12% 
--------------  ---------------  ----------------  ----------------  ---------------  ---------------  --------------- 
 
 Alan Walker 
  (Executive 
  Chairman)           1,750,000         1,500,000         3,250,000            1.60%       14,478,457            7.02% 
--------------  ---------------  ----------------  ----------------  ---------------  ---------------  --------------- 
 
 David Pett 
  (Finance 
  Director)           1,000,000         1,000,000         2,000,000            0.98%          396,000            0.19% 
--------------  ---------------  ----------------  ----------------  ---------------  ---------------  --------------- 
 
 Other Senior 
  Executives          1,750,000                 -         1,750,000                -                -                - 
--------------  ---------------  ----------------  ----------------  ---------------  ---------------  --------------- 
 
 
  Total               6,500,000         4,500,000        11,000,000                -                -                - 
--------------  ---------------  ----------------  ----------------  ---------------  ---------------  --------------- 
 

These options enable the Executive Directors to benefit only from the future growth in the value of the Ordinary Shares above 5.0 pence. The Executive Directors may not normally realise any such benefit for three years and the Options expire ten years after being granted.

For further information or enquiries:

 
 J.A.F. Walker        D.J. Pett              R. Kauffer 
 SWP Group plc        SWP Group plc          Peel Hunt LLP 
  Chairman             Director of Finance    Nominated Adviser and 
                                              Broker 
 
 
 Tel: [phone]   Tel: [phone]     Tel: [phone] 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEADXXALXAEFF