Portmeirion Group PLC Exercise of Options and PDMR Shareholdings (6018F)
May 18 2017 - 12:20PM
UK Regulatory
TIDMPMP
RNS Number : 6018F
Portmeirion Group PLC
18 May 2017
Portmeirion Group PLC
(the "Company" and the "Group")
Exercise of Options and PDMR Shareholdings
The Portmeirion Group 2010 Deferred Incentive Share Option Plan
(the "Deferred Plan") Exercises
The Company announces that, on 18 May 2017, the following
Executive Directors exercised options which were granted on 15
April 2014 pursuant to the Deferred Plan to subscribe for and
retain a total of 1,225 ordinary shares of 5 pence each in the
Company ("Ordinary Shares") as detailed below:
Number of Total exercise Total number % of Company's
options exercised price of Ordinary issued
Shares share capital
held following following
Admission Admission
Philip Atherton 392 GBP1 392 >0.01
Lawrence Bryan 833 GBP1 143,667 1.33
In addition, a recent former employee of the Company exercised
509 options granted on 15 April 2014 under the Deferred Plan.
Accordingly, the Company has transferred 1,734 Ordinary Shares from
shares held in treasury by the Company in respect of the above
exercises.
Application has been made for 1,734 Ordinary Shares to be
admitted to trading on AIM ("Admission") and trading of these
Ordinary Shares is expected to commence on or around 24 May
2017.
Following Admission, the total number of Ordinary Shares held by
the Company in treasury is 237,743, and the Company will have
11,005,033 Ordinary Shares in issue and 10,767,290 Ordinary Shares
with voting rights. The figure of 10,767,290 Ordinary Shares may be
used by shareholders of Portmeirion Group PLC as the denominator
for the calculations to determine if they are required to notify
their interest in, or a change to their interest in, the Company
under the FCA's Disclosure and Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons
discharging managerial responsibilities / person closely associated
with them.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name Lawrence Bryan - Chief Executive
Philip Atherton - Group
Sales & Marketing Director
--- ------------------------------- ---------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position/status See 1(a) above for all positions
- all classified as PDMRs
of the Company
--- ------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------
a) Name Portmeirion Group PLC
--- ------------------------------- ---------------------------------
b) LEI 2138003QC9J6TLZJHO70
--- ------------------------------- ---------------------------------
3. 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 Ordinary Shares of 5 pence
financial instrument each
--- ------------------------------- ---------------------------------
b) Identification code GB0006957293
--- ------------------------------- ---------------------------------
c) Nature of the transactions Exercise of options over
Ordinary Shares
--- ------------------------------- ---------------------------------
d) Price(s) and volume(s) Exercise price of GBP1 per
all 392 Deferred Plan options
over Ordinary Shares exercised
by Philip Atherton.
Exercise price of GBP1 per
all 833 Deferred Plan options
over Ordinary Shares exercised
by Lawrence Bryan.
--- ------------------------------- ---------------------------------
e) Aggregated information GBP1
* Aggregated volume GBP1
* Price
--- ------------------------------- ---------------------------------
f) Date of the transactions 18 May 2017
--- ------------------------------- ---------------------------------
f) Place of the transactions Outside a trading venue
--- ------------------------------- ---------------------------------
Name of authorised official of issuer responsible for making
notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group
PLC:
Dick Steele +44 (0) 1782 steele_clan@msn.com
744 721
Non-executive Chairman
Mike Raybould +44 (0) 1782 mraybould@portmeiriongroup.com
744 721
Group Finance Director
Bell Pottinger:
Dan de Belder/Saskia +44 (0) 203 ddebelder@bellpottinger.com
Lumley 772 2561
Panmure Gordon
(Nominated Adviser +44 (0) 207
and Broker): 886 2500
Freddy Crossley/ Corporate
Duncan Monteith Finance
Tom Salvesen Corporate
Broking
Cantor Fitzgerald
Europe +44 (0) 207
(Joint Broker): 894 7000
Catherine Leftley Corporate
/Marc Milmo Finance
David Banks Sales
This information is provided by RNS
The company news service from the London Stock Exchange
END
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