Filta Group Holdings PLC Awards of share options (7652T)
18 Novembre 2019 - 12:46PM
UK Regulatory
TIDMFLTA
RNS Number : 7652T
Filta Group Holdings PLC
18 November 2019
18 November 2019
Filta Group Holdings plc
("Filta" or the "Company")
Awards of share options
Filta Group Holdings plc (AIM: FLTA), a leading provider of
fryer management, grease management solutions and other services to
commercial kitchens, announces that share options have been granted
to certain person 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 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 146 pence per share and
will vest over a period of 4 years from 2021 to 2024, subject to
the satisfaction of both time and certain performance conditions
relating to annual profit growth over defined targets. The options
are exercisable any time after vesting for a period of 10 years
from 18 November 2019. The Company has a total of 1,340,000 options
over ordinary shares outstanding, representing approximately 4.61%
of the Company's current issued share capital. The total consists
of 25,000 vested and 1,315,000 unvested options.
The Company has granted options to the following PDMRs:
PDMR No of options
Julie Sutton 45,000
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 146
pence at the date of exercise. 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 600,000 SARs
outstanding of which 87,500 have vested and 512,500 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: Julie Sutton
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2 Reason for the notification
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a) Position/Status: PDMR (Director of Operations)
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b) Initial Notification/Amendment: Initial Notification
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3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
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a) Name: Filta Group Holdings plc
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b) LEI: 2138006C7GROHSV29B25
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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.
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a) Description of the financial Ordinary Shares of 10 pence each
instrument: ISIN: GB00BFH55S51
Identification code:
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b) Nature of the transaction: Grant of options over ordinary
shares
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c) Price(s) and volume(s): Price(s) Volume(s)
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Nil 45,000
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d) Aggregated volume: 45,000
Price: Nil
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e) Date of the Transaction: 18 November 2019
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f) Place of the Transaction: Outside trading venue
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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
DSHFFLFFAFUSELF
(END) Dow Jones Newswires
November 18, 2019 06:46 ET (11:46 GMT)
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