CPPGroup Plc Director/PDMR Shareholding (2945R)
June 26 2015 - 2:00AM
UK Regulatory
TIDMCPP
RNS Number : 2945R
CPPGroup Plc
26 June 2015
26 June 2015
CPPGroup plc
Director Shareholdings
On 25 June 2015, under the terms of a new share incentive
scheme, the CPGroup Share Matching Plan (the "Plan"), 3,000,000
ordinary shares of 1p each in CPPGroup Plc (the "Company") were
acquired by Mr Stephen Callaghan. Consideration of 3 pence per
share was paid for these shares (the "Investment Shares")
Under the terms of the Plan, for each Investment Share
purchased, the participant is awarded options over three "Matching
Shares", with an exercise price of 1p per share. Accordingly, on
the same date, Mr Callaghan was awarded options over 9,000,000 1p
ordinary shares in the capital of the Company. These options are
designed to support the business strategy by aligning management
incentives to the creation of sustainable shareholder value.
The options will vest over a three-year period as follows:
Vesting Date Proportion
of award
to vest
First anniversary of grant
date 25%
-----------
Second anniversary of grant
date 25%
-----------
Third anniversary of grant
date 50%
-----------
Following the above acquisitions and awards, Mr Callaghan's'
total interest in the Company's shares is as follows:
Ordinary shares held 3.000,000
Interests in unvested shares
under incentive plans 9,000,000
----------
The total number of shares purchased under the Plan is
8,550,000, and the total options awarded over Matching Shares
25,650,000.
The total issued share capital of the Group, following the above
purchases is 846,898,328.
Enquiries:
CPPGroup Plc
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)1904 545395
Nominated Adviser and Broker
Numis Securities Limited: Robert Bruce; Stuart Skinner; Charles
Farquhar
Tel: +44 (0)20 7260 1000
Media
Tulchan Communications: Martin Robinson
Tel: +44 (0)20 7353 4200
Notes to Editors
CPPGroup Plc (CPP or the Group) is an international assistance
business operating in the UK and overseas. CPP primarily operates a
business-to-business-to-consumer (B2B2C) business model providing
products and services to customers through Business Partners and
direct to consumer. The Group's core assistance products help to
provide security and are designed to make everyday life easier to
manage.
As announced on 15 April 2015, Stephen Callaghan's appointment
as interim Chief Executive Officer is pending regulatory
approval.
For more information on CPP visit www.cppgroupplc.com
REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
Registered number: 07151159
This information is provided by RNS
The company news service from the London Stock Exchange
END
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