5 May 2017 15:56
5 May 2017
Share plc
(the "Company")
Directors' Dealings
Share plc (AIM: SHRE.LN) notifies the following option grants on 4 May 2017 to Company Directors as part of its policy of awarding options to Senior Managers and Directors every six months.
Richard Stone, Chief Executive, has been granted nil-cost options over 1,200,000 Ordinary Shares (representing approximately 0.84% of the current issued Ordinary Shares). These options have been granted under the terms of the Share plc 2017 Long Term Equity Incentive Plan, are subject to the achievement of performance conditions and are exercisable as to up to 50% of the shares subject to the options from 4 May 2020 to 4 May 2027 and as to the balance from 4 May 2021 to 4 May 2027. Following this grant, Richard Stone held 5,967,437 Ordinary Shares under option or co-ownership arrangements with the Employee Benefit Trust (representing 4.15% of the current issued Ordinary Shares).
Mike Birkett, Finance Director, has been granted nil-cost options over 1,200,000 Ordinary Shares (representing approximately 0.84% of the current issued Ordinary Shares). These options have been granted under the terms of the Share plc 2017 Long Term Equity Incentive Plan, are subject to the achievement of performance conditions and are exercisable as to up to 50% of the shares subject to the options from 4 May 2020 to 4 May 2027 and as to the balance from 4 May 2021 to 4 May 2027. Following this grant, Mike Birkett now holds 2,484,108 Ordinary Shares under option (representing 1.73% of the current issued Ordinary Shares).
The Company has, and will continue to operate, a policy of seeking to settle all option exercises, Share Incentive Plan awards and any other equity settled payments to staff using shares purchased by the Employee Benefit Trust (EBT) in the secondary market. As at 31 December 2016 the EBT held just under 5.7 million Ordinary Shares.
Share plc also announces that on 4 May Richard Stone exercised an option over 1,063,750 Ordinary Shares, with an exercise price of 1 pence per share and then sold 597,205 Ordinary Shares at a price of 25 pence per Ordinary Share, as permitted under the terms of the option to cover tax arising on exercise. Share plc further announces that on 5 May Richard Stone sold 466,545 Ordinary Shares held outside of his Self Invested Pension Plan at a price of 26.5 pence per Ordinary Share and purchased 466,545 Ordinary Shares within his Self Invested Pension Plan at a price of 26.5 pence per Ordinary Share. Following these transactions, Richard Stone has increased his holding to 667,672 Ordinary Shares (representing 0.46% of the current issued Ordinary Shares) in addition to a remaining 4,903,687 Ordinary Shares under option or co-ownership arrangements with the Employee Benefit Trust (representing 3.41% of the current issued Ordinary Shares).
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Richard Stone | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Share plc | ||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||
4
| 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 financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||
b)
| Nature of the transaction
| GRANT OF NIL COST OPTIONS OVER ORDINARY SHARES UNDER THE TERMS OF THE SHARE PLC 2017 LONG TERM EQUITY INCENTIVE PLAN | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 04/05/17 | ||||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | ||||
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
MIKE BIRKETT | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| FINANCE DIRECTOR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Share plc | ||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||
4
| 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 financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||
b)
| Nature of the transaction
| GRANT OF NIL COST OPTIONS OVER ORDINARY SHARES UNDER THE TERMS OF THE SHARE PLC 2017 LONG TERM EQUITY INCENTIVE PLAN | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 04/05/17 | ||||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | ||||
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Richard Stone | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Share plc | ||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||
4
| 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
Transaction 1 | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||
b)
| Nature of the transaction
| EXERCISE OF OPTIONS | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 04/05/17 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
4
| 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
Transaction 2 | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||
b)
| Nature of the transaction
| Sale of shares to cover tax arising on exercise of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 04/05/17 | ||||
f)
| Place of the transaction
| London Stock Exchange XLON | ||||
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Richard Stone | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Share plc | ||||
b)
| LEI
| 213800GEZ4DHXJKGPB78 | ||||
4
| 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
Transaction 1 | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||
b)
| Nature of the transaction
| Sale of shares held outside his self invested pension plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 05/05/17 | ||||
f)
| Place of the transaction
| London Stock Exchange XLON | ||||
4
| 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
Transaction 2 | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| ORDINARY SHARES OF 0.5 PENCE EACH
ISIN: GB0001977866
| ||||
b)
| Nature of the transaction
| Purchase of shares into his self invested pension plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 05/05/17 | ||||
f)
| Place of the transaction
| London Stock Exchange XLON | ||||
For further information please contact:
Share plc
Richard Stone - Chief Executive 01296 41 41 41
Barbara Pierssene - Company Secretary
Cenkos Securities plc (Nominated Advisor)
Ivonne Cantu/Mark Connelly 0207 397 8900