TIDMFA.
RNS Number : 8891H
FireAngel Safety Technology Group
05 August 2019
5 August 2019
FireAngel Safety Technology Group plc
('FireAngel', the 'Group' or the 'Company')
Award of Options under Share Plan
PDMR shareholdings
FireAngel (AIM: FA.), one of Europe's leading developers and
suppliers of home safety products, announces that on 2 August 2019
it made awards over a total of 3,390,000 FireAngel Safety
Technology Group plc ordinary shares of 2p each (the 'Shares') to
certain directors and senior managers employed within the Group,
under its Long-Term Incentive Plan ('LTIP').
Under the LTIP, awards were made to the following Persons
Discharging Managerial Responsibility ('PDMRs'):
Name Position Status LTIP award (number
of Shares)
Directors
Director and
John Conoley Executive Chairman PDMR 1,500,000
--------------------- -------------- -------------------
Chief Product Director and
Nick Rutter Officer PDMR 250,000
--------------------- -------------- -------------------
Group Finance Director and
Mike Stilwell Director PDMR 750,000
--------------------- -------------- -------------------
Senior Managers
Business Unit
Adam Devey Director PDMR 100,000
--------------------- -------------- -------------------
Zoe Fox Finance Director PDMR 100,000
--------------------- -------------- -------------------
Andy Gregg Operations Director PDMR 100,000
--------------------- -------------- -------------------
Business Unit
James King Director PDMR 100,000
--------------------- -------------- -------------------
Business Unit
Rene Nolten Director PDMR 100,000
--------------------- -------------- -------------------
Business Unit
Claire Pickard Director PDMR 100,000
--------------------- -------------- -------------------
Following the awards, the total interests of each of the PDMRs
referred to above in Shares is as follows:
Name Ordinary shares Interest in Resultant % of issued
held shares in total interest share capital
share schemes
Directors
John Conoley 61,181 1,500,000 1,561,181 2.06%
---------------- --------------- ---------------- ---------------
Nick Rutter 3,800,000 375,000 4,175,000 5.50%
---------------- --------------- ---------------- ---------------
Mike Stilwell 55,538 750,000 805,538 1.06%
---------------- --------------- ---------------- ---------------
Senior Managers
Adam Devey 5,558 100,000 105,558 0.14%
---------------- --------------- ---------------- ---------------
Zoe Fox - 131,944 131,944 0.17%
---------------- --------------- ---------------- ---------------
Andy Gregg - 100,000 100,000 0.13%
---------------- --------------- ---------------- ---------------
James King - 118,333 118,333 0.16%
---------------- --------------- ---------------- ---------------
Rene Nolten - 125,000 125,000 0.16%
---------------- --------------- ---------------- ---------------
Claire Pickard 82,500 100,000 182,500 0.24%
---------------- --------------- ---------------- ---------------
Under the LTIP, selected employees are entitled to exercise an
option to receive a certain number of Shares at any time after a
three-year vesting period, at a cost to the employee of the nominal
value of the Shares. The number of Shares that are awarded at the
end of the three-year period is dependent on the achievement of
certain performance criteria.
Vesting of the LTIP awards is dependent on achievement of total
shareholder return ('TSR'). If TSR on Shares is 200% or more at the
end of three years following the award, all of the Shares awarded
will vest. If TSR is 100%, then 25% of the awarded Shares will
vest. Between these points the number of Shares that vest will be
pro-rata. If TSR is less than 100% then no Shares will vest. The
limit on the number of Shares over which interests may be awarded
remains unchanged.
Any entitlement under the LTIP will lapse on cessation of
employment prior to the end of the three-year vesting period,
unless cessation of employment is by reason of redundancy, ill
health or death.
In addition to these awards, it is the intention of the
Remuneration Committee to implement a share matching scheme for
executive directors and PDMRs for shares acquired within a year of
any fundraising event.
For further information, please contact:
FireAngel Safety Technology Group plc 024 7771 7700
John Conoley, Executive Chairman
Mike Stilwell, Group Finance Director
Shore Capital (Nominated adviser and broker) 020 7408 4050
Tom Griffiths
Notes to Editors
About FireAngel Safety Technology Group plc
FireAngel's mission is to protect, save and improve our
customers' lives by making innovative, leading edge technology
simple and accessible. FireAngel is one of the market leaders in
the European home safety products market.
FireAngel's principal products are smoke alarms, CO alarms, heat
alarms and accessories. The Company has an extensive portfolio of
patented intellectual property in Europe, the US and other selected
territories. Products are sold under FireAngel's leading brands of
FireAngel, FireAngel Pro, AngelEye and FireAngel Connect.
For further product information, please visit:
www.fireangeltech.com
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.
END
DSHFMGGRRKNGLZG
(END) Dow Jones Newswires
August 05, 2019 05:00 ET (09:00 GMT)
Grafico Azioni Fireangel Safety Technol... (LSE:FA.)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Fireangel Safety Technol... (LSE:FA.)
Storico
Da Apr 2023 a Apr 2024
