TIDMFLTA

RNS Number : 2536T

Filta Group Holdings PLC

16 July 2020

16 July 2020

Filta Group Holdings plc

("Filta" or the "Company")

Awards of share options and stock appreciation rights

Filta Group Holdings plc (AIM: FLTA) , a leading provider of fryer management and other services to commercial kitchens, announces that share options have been granted to certain persons discharging managerial responsibilities ("PDMRs") and employees under the Company's existing Share Option Scheme (being the 2017 Filta Group Holdings EMI Scheme). Furthermore, the Company has granted certain PDMRs and employees stock appreciation rights ("SARs") under the Company's existing SAR Plan (being the 2017 Filta Group Inc Stock Appreciation Rights Plan).

The options have an exercise price of 96.5 pence per share and will vest over a period of 3 years from 2022 to 2024, subject to the satisfaction of both time and certain performance conditions relating to annual profit growth over defined targets and are exercisable at any time after vesting for a period of 10 years from 15 July 2020. The Company has a total of 1,357,500 options over ordinary shares outstanding, representing approximately 4.67% of the Company's current issued share capital. The total consists of 67,500 vested and 1,290,000 unvested options.

The Company has granted options to the following PDMRs:

 
 PDMR              No of options 
 Ana-Maria Aloy    35,000 
 Harriet Morley    25,000 
 Edward Palin      25,000 
 Julie Sutton      15,000 
 

Under the 2017 Filta Group Inc Stock Appreciation Rights Plan, the SARs are structured as conditional cash bonuses whose value will be calculated by reference to the amount by which the price of the Company's ordinary shares has risen above the base price of 96.5 pence at the date of exercise.

The Company has issued a total of 132,500 SARs which include the following PDMRs:

 
 PDMR             No of SARs 
 Brian Hogan      30,000 
 Tom Dunn         30,000 
 Rob Totten       20,000 
 Annalisa Bhim    10,000 
 

The vesting period and conditions for the SARs scheme are identical to those for the 2017 Filta Group Holdings EMI Scheme. The Company has a total of 625,000 SARs outstanding of which 132,500 have vested and 492,500 remain unvested.

For further information:

Filta Group Holdings plc

   Jason Sayers, Chief Executive Officer          +1 407 996 5550 

Brian Hogan, Chief Financial Officer

Cenkos Securities

   Stephen Keys, Harry Hargreaves                            020 7397 8900 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 a)     Name:                                  Ana-Maria Aloy 
       -------------------------------------  -------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/Status:                       PDMR (Corporate Controller) 
       -------------------------------------  -------------------------------------- 
 b)     Initial Notification/Amendment:        Initial Notification 
       -------------------------------------  -------------------------------------- 
 3      Details of the issuer, emission allowance market participation, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------- 
 a)     Name:                                  Filta Group Holdings plc 
       -------------------------------------  -------------------------------------- 
 b)     LEI:                                   2138006C7GROHSV29B25 
       -------------------------------------  -------------------------------------- 
 4.     Details of 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           Ordinary Shares of 10 pence each 
         instrument:                            ISIN: GB00BFH55S51 
         Identification code: 
       -------------------------------------  -------------------------------------- 
 b)     Nature of the transaction:             Grant of options over ordinary 
                                                shares 
       -------------------------------------  -------------------------------------- 
 c)     Price(s) and volume(s):                   Price(s)            Volume(s) 
       -------------------------------------  ----------------  -------------------- 
                               Nil                                     35,000 
   -----------------------------------------------------------  -------------------- 
 d)     Aggregated volume:                     35,000 
         Price:                                 Nil 
       -------------------------------------  -------------------------------------- 
 e)     Date of the Transaction:               15 July 2020 
       -------------------------------------  -------------------------------------- 
 f)     Place of the Transaction:              Outside trading venue 
       -------------------------------------  -------------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          Harriet Morley 
      ---------------------------------------------  ------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/Status:                               PDMR (Group Head of Finance) 
      ---------------------------------------------  ------------------------------------ 
 b)    Initial Notification/Amendment:                Initial Notification 
      ---------------------------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance market participation, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name:                                          Filta Group Holdings plc 
      ---------------------------------------------  ------------------------------------ 
 b)    LEI:                                           2138006C7GROHSV29B25 
      ---------------------------------------------  ------------------------------------ 
 4.    Details of 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                   Ordinary Shares of 10 pence each 
        instrument:                                    ISIN: GB00BFH55S51 
        Identification code: 
      ---------------------------------------------  ------------------------------------ 
 b)    Nature of the transaction:                     Grant of options over ordinary 
                                                       shares 
      ---------------------------------------------  ------------------------------------ 
 c)    Price(s) and volume(s):                            Price(s)          Volume(s) 
      ---------------------------------------------  -----------------  ----------------- 
                                   Nil                                        25,000 
  --------------------------------------------------------------------  ----------------- 
 d)    Aggregated volume:                             25,000 
        Price:                                         Nil 
      ---------------------------------------------  ------------------------------------ 
 e)    Date of the Transaction:                       15 July 2020 
      ---------------------------------------------  ------------------------------------ 
 f)    Place of the Transaction:                      Outside trading venue 
      ---------------------------------------------  ------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          Edward Palin 
      ---------------------------------------------  ------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/Status:                               PDMR (Commercial Director, UK 
                                                       operations) 
      ---------------------------------------------  ------------------------------------ 
 b)    Initial Notification/Amendment:                Initial Notification 
      ---------------------------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance market participation, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name:                                          Filta Group Holdings plc 
      ---------------------------------------------  ------------------------------------ 
 b)    LEI:                                           2138006C7GROHSV29B25 
      ---------------------------------------------  ------------------------------------ 
 4.    Details of 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                   Ordinary Shares of 10 pence each 
        instrument:                                    ISIN: GB00BFH55S51 
        Identification code: 
      ---------------------------------------------  ------------------------------------ 
 b)    Nature of the transaction:                     Grant of options over ordinary 
                                                       shares 
      ---------------------------------------------  ------------------------------------ 
 c)    Price(s) and volume(s):                            Price(s)          Volume(s) 
      ---------------------------------------------  -----------------  ----------------- 
                                   Nil                                        25,000 
  --------------------------------------------------------------------  ----------------- 
 d)    Aggregated volume:                             25,000 
        Price:                                         Nil 
      ---------------------------------------------  ------------------------------------ 
 e)    Date of the Transaction:                       15 July 2020 
      ---------------------------------------------  ------------------------------------ 
 f)    Place of the Transaction:                      Outside trading venue 
      ---------------------------------------------  ------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          Julie Sutton 
      ---------------------------------------------  ------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/Status:                               PDMR (Operations Director, UK 
                                                       operations) 
      ---------------------------------------------  ------------------------------------ 
 b)    Initial Notification/Amendment:                Initial Notification 
      ---------------------------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance market participation, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name:                                          Filta Group Holdings plc 
      ---------------------------------------------  ------------------------------------ 
 b)    LEI:                                           2138006C7GROHSV29B25 
      ---------------------------------------------  ------------------------------------ 
 4.    Details of 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                   Ordinary Shares of 10 pence each 
        instrument:                                    ISIN: GB00BFH55S51 
        Identification code: 
      ---------------------------------------------  ------------------------------------ 
 b)    Nature of the transaction:                     Grant of options over ordinary 
                                                       shares 
      ---------------------------------------------  ------------------------------------ 
 c)    Price(s) and volume(s):                            Price(s)          Volume(s) 
      ---------------------------------------------  -----------------  ----------------- 
                                   Nil                                        15,000 
  --------------------------------------------------------------------  ----------------- 
 d)    Aggregated volume:                             15,000 
        Price:                                         Nil 
      ---------------------------------------------  ------------------------------------ 
 e)    Date of the Transaction:                       15 July 2020 
      ---------------------------------------------  ------------------------------------ 
 f)    Place of the Transaction:                      Outside trading venue 
      ---------------------------------------------  ------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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