Existing Option Surrender & Director/PDMR Dealings

Fletcher King PLC

31 January 2025

 

31 January 2025

Fletcher King plc

("Fletcher King" or the "Company")

Surrender of Existing Options and Director/PDMR Dealings

The Board of Fletcher King PLC (AIM: FLK) announces that certain Directors, a PDMR and employees of the Company have surrendered, in aggregate, 920,000 options over new Ordinary Shares which were granted on 5 October 2021 ("Option Surrender") for nil consideration.

As at the date of this announcement and following the Option Surrender, there is a total of 920,000 options over new Ordinary Shares in the Company, representing approximately 9% of the Company's existing issued share capital. 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

Fletcher King plc	Tel: [phone]
David Fletcher, Chairman Peter Bailey, Finance Director
Cairn Financial Advisers LLP	Tel: [phone]
(Nominated Adviser)
James Caithie Liam Murray

Forward Looking Statements

Certain statements in this announcement are forward-looking statements relating to the Company's operations, performance and financial position based on current expectations of, and assumptions and forecasts made by, management.  They are subject to a number of risks, uncertainties and other factors which could cause actual results, performance or achievements of the Company to differ materially from any outcomes or results expressed or implied by such forward-looking statements.  Undue reliance should not be placed on such forward looking statements.  They are made only as of the date of this announcement and no representation, assurance, guarantee or warranty is given in relation to them including as to their accuracy, completeness, or the basis on which they are made.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
Details of the person discharging managerial responsibilities/person closely associated
Name	a) Robert Dickman b) Paul Andrews c) Peter Bailey d) Paul Morris
Reason for notification	Initial Notification
Position/Status	a) Executive Director b) Managing Director c) Finance Director d) PDMR (Director of subsidiary company)
Initial notification/ Amendment	Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Fletcher King plc
LEI	21380047ETCYL7UA8W49
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
Description of the financial instrument, type of instrument Identification Code	Options over ordinary shares of 10p each    GB0003425310
Nature of the transaction	Surrender of Options to subscribe for ordinary shares
Price(s) and volume(s)
		Price(s)	Volume(s)
		a) Nil b) Nil c) Nil d) Nil	a) 250,000 b) 250,000 c) 200,000 d) 100,000
Aggregated information - Aggregated Volume  - Price	800,000 Nil
Date of the transaction	29 January 2025
Place of the transaction	UK

 

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