Share Option Grant

RNS Number : 4383S

Creightons PLC

16 March 2021

 

Creightons Plc

(the "Company" or "the Group")

Share Option Grant

This notification is made in accordance with DTR 3.1.4R(1)(a). 

Creightons plc announces that options over a total of 1,965,000 ordinary 1p shares in the Company have been granted to 481 employees of companies in the Group as part of the Company's policy of providing long-term share-linked and tax-effective incentives to all employees of the Group employees and directors.

These options have been granted under the Company's 2018 Share Option Plan and represent a dilution of 3.03% of the Company's total equity.

The Board believes this is an effective way of rewarding service and commitment to the Group and to provide on-going incentives to all employees and directors.

The options were issued at 74.50p per ordinary share and can be exercised between the third and tenth anniversary of 16^th March 2021, subject to the option holder's continued employment and the Company's share price having been not less than 74.50p per share for three consecutive days on or after 16^th March 2024. No consideration is payable in respect of the grant of these options.

Shareholders will benefit from this grant since it re-enforces the Company's policy of providing long-term share-linked and tax-effective incentives to all our employees.

Enquiries: Creightons plc NDJ O'Shea, Director 01733 281 000

 

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