Directors' Shareholdings

RNS Number : 4526A

Origin Enterprises Plc

28 September 2015

 



Directors' Shareholdings

Origin Enterprises plc Long Term Incentive Plan 2012 ('2012 LTIP Plan')

Awards pursuant to the 2012 LTIP Plan over ordinary shares of €0.01 cent in the capital of Origin Enterprises plc ('Origin' or 'the Company') were granted to Origin's current Executive Directors on 13 December 2012 and 26 September 2014.  The awards granted on 13 December 2012 resulted in Tom O'Mahony having a contingent interest in 544,554 ordinary shares and Declan Giblin having a contingent interest in 123,762 ordinary shares.  The benefits arising with respect to these awards, which carried a subscription price of €0.04 per share, were subject to certain targets and thresholds as provided for under the 2012 LTIP Plan, including the financial performance of Origin over the three year period to 31 July 2015.  Now that the targets and thresholds have been assessed, Tom O'Mahony and Declan Giblin have a beneficial interest in 181,518 ordinary shares and 82,508 ordinary shares, respectively, as a result of these awards.  Ordinary shares are now issuable to these Directors upon them serving notice to the Company which can occur on any date up to 31 July 2021.

Following the benefits arising with respect to the 13 December 2012 awards made under the 2012 LTIP Plan, the interests of the Executive Directors in the Company's issued share capital is as set out in the below table.

Director	Ordinary Shares Held	%*	Shares in which a Director has a beneficial interest under the 2012 LTIP Plan - 13 December 2012 awards	Shares in which a Director has a contingent interest under the 2012 LTIP Plan - 26 September 2014 awards**
Declan Giblin	220,227	0.18%	82,508	100,000
Imelda Hurley	25,000	0.02%	-	100,000
Tom O'Mahony	1,464,855	1.17%	181,518	250,000

*    Percentage of the issued share capital of the Company excluding treasury shares.

**  The benefits arising with respect to these 26 September 2014 awards are given in the announcement made by the Company on that date.

ENDS

Enquiries:

Origin Enterprises plc

Pat Morrissey

Company Secretary                                           Tel:  [phone]

Imelda Hurley

Chief Financial Officer                                       Tel: [phone]

Murray Consultants

Douglas Keatinge                                              Tel: [phone]

About Origin Enterprises plc

Origin Enterprises plc is a focused Agri-Services group providing on-farm advice and the supply of agri-inputs.  The Agri-Services business through its manufacturing and distribution operations in Ireland, the United Kingdom, Poland, Ukraine and Romania has leading market positions in the supply of specialist agronomy services, crop nutrition and feed ingredients.  The Group is listed on the ESM and AIM markets of the Irish and London Stock Exchanges. 

ESM ticker symbol:             OIZ

AIM ticker symbol:               OGN

Website:                                www.originenterprises.com

 

END

 

 

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