Augean Plc Grant of Share Options under LTIP (7745D)
May 02 2017 - 02:02AM
UK Regulatory
TIDMAUG
RNS Number : 7745D
Augean Plc
02 May 2017
02 May 2017
Augean plc
("Augean" or "the Group")
Grant of Share Options under Long Term Incentive Plan
Augean, one of the UK's leading specialist waste management
businesses, announces that it has granted share options ("Options")
to certain of its directors, persons discharging managerial
responsibility ("PDMRs") and employees for up to 1,580,535 ordinary
shares of 10 pence each in the capital of the Company ("Ordinary
Shares") pursuant to the terms of the Augean plc 2014 Long Term
Incentive Plan (the "LTIP").
734,481 of these Options have been granted to Stewart Davies and
Mark Fryer as set out below:
Director Number of Total Number % of issued
Options granted of Options held share capital
following this represented
grant by total options
held
Stewart
Davies 428,619 2,279,289 2.22%
Mark
Fryer 305,862 305,862 0.3%
In addition, 686,878 of these Options have been granted to PDMRs
(other than Stewart Davies and Mark Fryer) as set out below:
PDMR Number of Options
granted
John Rauch 271,878
Andrew Woolcock 83,000
Nigel Bowen 83,000
Edward Pigg 83,000
Helen Simms 83,000
Gene Wilson 83,000
The Options have certain performance conditions attaching to
them and are based on the achievement of these conditions during
the period from 1 January 2017 to 31 December 2019. The Options
will vest as follows:
i. 25% of each award will vest subject to performance conditions
based on the Company's relative total shareholder return ("TSR"),
comprising both the change in share price and cumulative dividends.
The Company's TSR will be measured relative to the FTSE AIM
All-Share Index; and
ii. subject to the achievement of a Return on Capital Employed
("ROCE") condition being, 75% of each award will be subject to
performance conditions based on the Company's diluted earnings per
share.
To the extent that the performance conditions have been
satisfied, the Options will vest on the date of the publication of
the Company's 2019 Annual Report and Accounts. The Options have an
exercise price of 10 pence each.
Following the above grant there are 5,782,828 options over
Ordinary Shares. This represents 5.6% of the current issued share
capital of the Company, which comprises 102,748,383 Ordinary
Shares.
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 1. Stewart Davies
2. Mark Fryer
3. John Rauch
4. Andrew Woolcock
5. Nigel Bowen
6. Edward Pigg
7. Helen Simms
8. Gene Wilson
---- ----------------------------------------------------------- ---------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
1. Chief Executive Officer
a) Position/status 2. Group Finance Director
3. Group Operating Officer
4. PDMR - Director of Energy and Construction
5. PDMR - Director of Industry and Infrastructure
6. PDMR - Director of Augean Integrated Services
7. PDMR - Director of Radioactive Waste Services
8. PDMR - Director of Corporate Stewardship
---- ----------------------------------------------------------- ---------------------------------------------------
b) Initial notification/Amendment Initial notification
---- ----------------------------------------------------------- ---------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------------------------------------------
a) Name Augean Plc
---- ----------------------------------------------------------- ---------------------------------------------------
b) LEI 213800FX9OGD148QCP81
---- ----------------------------------------------------------- ---------------------------------------------------
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 instrument, type of Ordinary 10p shares
instrument ISIN: GB00B02H2F76
Identification code
---- ----------------------------------------------------------- ---------------------------------------------------
b) Nature of the transaction Grant of Options
---- ----------------------------------------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------- ----------
1. 10 pence 428,619
2. 10 pence 305,862
3. 10 pence 271,878
4. 10 pence 83,000
5. 10 pence 83,000
6. 10 pence 83,000
7. 10 pence 83,000
8. 10 pence 83,000
-------------- ----------
---- ----------------------------------------------------------- ---------------------------------------------------
d) Aggregated information N/a (Single transaction)
- Aggregated volume
- Price
---- ----------------------------------------------------------- ---------------------------------------------------
e) Date of the transaction 28 April 2017
---- ----------------------------------------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---- ----------------------------------------------------------- ---------------------------------------------------
For further information, call:
Augean plc
Dr Stewart Davies, Chief
Executive
Mark Fryer, Group Finance
Director 01937 844 980
N+1 Singer
Shaun Dobson
Alex Price 020 7496 3000
FTI Consulting
Oliver Winters
Fiona Walker 020 3727 1535
This information is provided by RNS
The company news service from the London Stock Exchange
END
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