Directors dealing/grant of options

RNS Number : 0443V

Tristel PLC

04 August 2015

 

Tristel plc

("Tristel" or "the Company")

Directors dealing/grant of options

Tristel plc (AIM: TSTL), the manufacturer of infection prevention, contamination control and hygiene products, announces today that Paul Swinney, CEO and Elizabeth Dixon, Finance Director, have been granted options over 636,567 ordinary 1 pence shares ("Ordinary Shares") under the Tristel plc Performance Share Plan 2015. The options are exercisable at 1 pence per share subject to certain profit objectives being met or the share price of the Company being equal to or greater than 134 pence per Ordinary Share for a period of 30 consecutive dealing days.

The options are exercisable for a period of five years from date of vesting in three equal tranches following publication of the annual results. The first tranche will vest, if performance conditions are met, on publication of the results to 30 June 2016.  

Following the award, the equity interests of the executive directors are as follows:

Director	Ordinary Shares currently held	Options over Ordinary Shares currently held	Options over Ordinary Shares granted	Total options held post grant	Percentage interest in fully diluted share capital
Paul Swinney	915,000	1,250,000	414,179	1,664,179	5.8%
Liz Dixon	45,067	227,500	222,388	449,888	1.1%
Total	960,067	1,477,500	636,567	2,104,067	6.9%

For further information please contact:       

Tristel plc	Tel: [phone]
Paul Swinney, Chief Executive Officer
Liz Dixon, Finance Director
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Lianne Cawthorne	Mob: [phone]
finnCap	Tel: [phone]
Geoff Nash/ Giles Rolls (Corporate Finance)
Stephen Norcross (Corporate Broking)

 

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