Executive Share Option Grants

RNS Number : 5893L

Portmeirion Group PLC

28 April 2015

 

Portmeirion Group PLC

(the "Company")

(the "Group")

Executive Share Option Grants

and

Directors' Dealings

28 April 2015

Executive Share Option Grants

The Company announces that, on 27 April 2015, it granted options to Directors and senior managers over a total of 165,000 Ordinary Shares pursuant to The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the '2012 Plans').  The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the 2012 Plans.  The options granted on 27 April 2015 are normally only exercisable if the increase in the average of the Group's basic adjusted (for changes in accounting standards and exceptional items) earnings per share for each of the three years ending 31 December 2015, 31 December 2016 and 31 December 2017 is at least 10% higher than that for the year ended 31 December 2014.The following Directors of the Company were granted options as detailed below:

	Number of options granted	Exercise price per Ordinary Share	Exercise period
Philip Atherton	33,000	£9.35	28 April 2018 - 26 April 2025
Lawrence Bryan	49,500	£9.35	28 April 2018 - 26 April 2025
Brett Phillips	33,000	£9.35	28 April 2018 - 26 April 2025

The total number of Ordinary Shares over which each Director holds options following this notification is:

	Total number of options over Ordinary Shares
Philip Atherton	94,494
Lawrence Bryan	159,473
Brett Phillips	96,027

Directors' Dealings

The Company also announces that it was notified that The Portmeirion Employees' Share Trust (the 'Trust') on 27 April 2015 purchased 119,377 Ordinary Shares from Lawrence Bryan at a price of £9.35 per Ordinary Share and 30,000 Ordinary Shares from Brett Phillips (10,000 in his name and 20,000 registered in the name of his wife, Delia Phillips) at a price of £9.35 per Ordinary Share.  Following the sale, the Directors hold a beneficial interest in the following number of Ordinary Shares:

	Total number of Ordinary Shares held	% of the issued share capital of the Company with voting rights
Lawrence Bryan	124,228	1.16%
Brett Phillips	90,548	0.84%

The remainder of the Ordinary Shares required to satisfy the above share option grants will be newly issued shares or shares transferred from those held in treasury by the Company.

ENQUIRIES:

Portmeirion Group PLC:
Dick Steele Non-executive Chairman	[phone]	[e-mail]
Brett Phillips	[phone]	[e-mail]
Group Finance Director
Bell Pottinger
Dan de Belder	[phone]	[e-mail]
Kashara Taylor	[phone]	[e-mail]
Panmure Gordon (Nominated Adviser and Broker)	[phone]
Freddy Crossley / Duncan Monteith		Corporate Finance
Tom Salvesen / Maisie Atkinson		Corporate Broking

 

END

 

 

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