Cambian Group PLC Grant of nil cost options (0825X)
February 16 2017 - 5:49AM
UK Regulatory
TIDMCMBN
RNS Number : 0825X
Cambian Group PLC
16 February 2017
Cambian Group PLC
16 February 2017
Grant of nil cost options
Cambian Group plc, following the announcement of the disposal of
the adult services business on 28 December 2016, has now made
awards under its Long Term Incentive Plan ("LTIP") as previously
set out in the Circular dated 9 December 2016, to its Chief
Executive, Saleem Asaria over 301,810 shares and its Chief
Operating Officer Anne Marie Carrie over 181,086 shares ("Awards").
Awards have also been made to Group Property Director David Turner
over 90,543 shares and to Group Business Development Director
Jeremy Wiles over 90,543 shares.
The awards for executives under the LTIP are equivalent to 100%
of salary and for David Turner and Jeremy Wiles are equivalent to
75% of salary and will vest on the third anniversary of grant
subject to an absolute total shareholder return metric being
met.
The Remuneration Committee expects to make the next LTIP award
in 2017, following the announcement of the Company's preliminary
results for the financial year ended 31 December 2016 in line with
the normal remuneration cycle. It is proposed a similar metric will
be considered for future awards in line with the new strategic plan
and its approved remuneration policy. Shareholders will be informed
of any material proposed changes.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Saleem Asaria
--- ----------------- --------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Chief Executive
--- ----------------- --------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Cambian Group plc
--- ----------------- --------------------------------------
b) LEI
--- ----------------- --------------------------------------
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 Nil cost options over Ordinary Shares
of the of 1 pence
financial ISIN: GB00BKXNB024
instrument,
type of
instrument
Identification
code
--- ----------------- --------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil
Cost
Options 301,810
---------- ----------
--- ----------------- --------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ----------------- --------------------------------------
e) Date of 15 February 2017
the transaction
--- ----------------- --------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--- ----------------- --------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Anne Marie Carrie
--- ----------------- --------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Chief Operating Officer
--- ----------------- --------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Cambian Group plc
--- ----------------- --------------------------------------
b) LEI
--- ----------------- --------------------------------------
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 Nil cost options over Ordinary Shares
of the of 1 pence
financial ISIN: GB00BKXNB024
instrument,
type of
instrument
Identification
code
--- ----------------- --------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil
Cost
Options 181,086
---------- ----------
--- ----------------- --------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ----------------- --------------------------------------
e) Date of 15 February 2017
the transaction
--- ----------------- --------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--- ----------------- --------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name David Turner
--- ----------------- --------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Group Property Director
--- ----------------- --------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Cambian Group plc
--- ----------------- --------------------------------------
b) LEI
--- ----------------- --------------------------------------
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 Nil cost options over Ordinary Shares
of the of 1 pence
financial ISIN: GB00BKXNB024
instrument,
type of
instrument
Identification
code
--- ----------------- --------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil
Cost
Options 90,543
---------- ----------
--- ----------------- --------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ----------------- --------------------------------------
e) Date of 15 February 2017
the transaction
--- ----------------- --------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--- ----------------- --------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Jeremy Wiles
--- ----------------- --------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Group Business Development Director
--- ----------------- --------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Cambian Group plc
--- ----------------- --------------------------------------
b) LEI
--- ----------------- --------------------------------------
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 Nil cost options over Ordinary Shares
of the of 1 pence
financial ISIN: GB00BKXNB024
instrument,
type of
instrument
Identification
code
--- ----------------- --------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
Nil
Cost
Options 90,543
---------- ----------
--- ----------------- --------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ----------------- --------------------------------------
e) Date of 15 February 2017
the transaction
--- ----------------- --------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--- ----------------- --------------------------------------
- Ends -
For further information:
ENQUIRIES:
Francis Jardine
Company Secretary and Head of Legal
Tel: 020 8735 6150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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