Issue of Options

RNS Number : 8538D

W.H. Ireland Group PLC

28 June 2019

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

WH Ireland Group Plc

("WH Ireland" or the "Company")

Issue of Options

PDMR shareholding

The Company confirms today that it has issued options over 1,400,000 shares to certain directors, employees, consultants and PDMRs of the Company, the details of which are set out below (the "Options").

The Options are being granted with an exercise price of 45p and vest on the third anniversary of the date of grant. They remain, however, conditional on the continued employment of the recipient at the date of exercise.  Out of the total 1,400,000 Options, 1,175,000 Options have been granted under the Long Term Incentive Plan 2017 (the "LTIP") to certain directors and employees.  The remaining 225,000 Options have been granted to a consultant and as such are subject to shareholder approval which will be sought at the forthcoming annual general meeting.

The Options granted under the LTIP are over Ordinary Shares in the Company which are already in issue and held by the Sanne Trust, and therefore the exercise of these options will not affect the number of shares in issue in the Company.

In accordance with the agreement with Polygon Global Partners LLP ("Polygon"), announced on 17 October 2017, Polygon has consented to the issue of these share options.

Following the grant of the Options set out in the table below, the total interest in shares and options held by the PDMRs set out in this announcement are as follows:

Name of PDMR	Options Granted	Total Options Held	Total Equity Held
Phillip Wale	500,000	500,000	Nil
Philip Tansey	200,000	200,000	Nil
Adam Pollock	150,000	350,000	45,159
Stephen Ford	150,000	150,000	265,765
Katy Mitchell	100,000	115,000	1,000

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities
a)	Name	Philip Wale
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	WH Ireland Group plc
b)	LEI	213800HB9TO5O4WD6S66
4	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
a)	Description of the financial instrument, type of instrument Identification code	Option over ordinary shares of 0.5 pence each GB0009241885
b)	Nature of the transaction	Grant of option
c)	Price(s) and volume(s)	Price(s) Volume(s) 45p per share 500,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A - single transaction
e)	Date of the transaction	28/06/2019
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Philip Tansey
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	WH Ireland Group plc
b)	LEI	213800HB9TO5O4WD6S66
4	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
a)	Description of the financial instrument, type of instrument Identification code	Option over ordinary shares of 0.5 pence each GB0009241885
b)	Nature of the transaction	Grant of option
c)	Price(s) and volume(s)	Price(s) Volume(s) 45p per share 200,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A - single transaction
e)	Date of the transaction	28/06/2019
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Adam Pollock
2	Reason for the notification
a)	Position/status	Head of CIB
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	WH Ireland Group plc
b)	LEI	213800HB9TO5O4WD6S66
4	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
a)	Description of the financial instrument, type of instrument Identification code	Option over ordinary shares of 0.5 pence each GB0009241885
b)	Nature of the transaction	Grant of option
c)	Price(s) and volume(s)	Price(s) Volume(s) 45p per share 150,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A - single transaction
e)	Date of the transaction	28/06/2019
f)	Place of the transaction	N/A
1	Details of the person discharging managerial responsibilities
a)	Name	Stephen Ford
2	Reason for the notification
a)	Position/status	Head of Private Wealth Management
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	WH Ireland Group plc
b)	LEI	213800HB9TO5O4WD6S66
4	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
a)	Description of the financial instrument, type of instrument Identification code	Option over ordinary shares of 0.5 pence each GB0009241885
b)	Nature of the transaction	Grant of option
c)	Price(s) and volume(s)	Price(s) Volume(s) 45p per share 150,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A - single transaction
e)	Date of the transaction	28/06/2019
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities
a)	Name	Katy Mitchell
2	Reason for the notification
a)	Position/status	Group Company Secretary
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	WH Ireland Group plc
b)	LEI	213800HB9TO5O4WD6S66
4	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
a)	Description of the financial instrument, type of instrument Identification code	Option over ordinary shares of 0.5 pence each GB0009241885
b)	Nature of the transaction	Grant of option
c)	Price(s) and volume(s)	Price(s) Volume(s) 45p per share 100,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A - single transaction
e)	Date of the transaction	28/06/2019
f)	Place of the transaction	N/A

For further information please contact:

WH Ireland Group plc                                                                                                         www.whirelandplc.com

Phillip Wale, Chief Executive Officer                                                                                 [phone]            

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott, Miriam Greenwood                                                                              [phone]         

 

END

 

 

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