Unapproved share option issue and shareholdings

RNS Number : 5610C

General Industries PLC

28 June 2016

For Immediate Release

28 June 2016

General Industries PLC

("General Industries" or the "Company")

Issue of Unapproved Share Options and Director/PDMR Shareholding

General Industries, a company formed to acquire and operate growing businesses in the services sector, announces that on Friday 24^th June 2016, in line with the Company's Long Term Incentive Plan, a total of 500,000 unapproved share options ("Share Options") have been granted to key members of staff in recognition of their services in 2015 - 2016. This grant forms part of the Company's reward and remuneration strategy which is to ensure that General Industries attracts, retains and motivates highly skilled personnel contributing to the growth and success of the Group.

Each of the following: Steven Douglas, Susan Kane and Fiona Underwood, Directors of General Industries plc, and Christopher Wood, Director of Altair Consultancy and Advisory Services Limited, a wholly owned subsidiary of the Company, have been issued 100,000 Share Options.

The Share Options have been granted to each Executive Director as named above to the value of £44,000 based on the mid-market price of £0.44 on 24 June 2016 being the date on which the Annual Accounts 2016 were signed and they will be exercisable on 24 June 2019 at an exercise price of £0.05 per share.

Following these grants the Company has a total of 4,800,864 Ordinary Shares under option representing 14.72 % of the issued ordinary share capital of the Company.

In accordance with DTR 3.1 set out below are individual Notifications of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer GENERAL INDUSTRIES PLC	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

3.	Name of person discharging managerial responsibilities/director STEVEN DOUGLAS, DIRECTOR GENERAL INDUSTRIES PLC AND DIRECTOR ALTAIR CONSULTANCY AND ADVISORY SERVICES LTD	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A

5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest ¹ N/A	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares N/A

7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them	8.	State the nature of the transaction N/A

9.	Number of shares, debentures or financial instruments relating to shares acquired N/A	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A

11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A

13.	Price per share or value of transaction N/A	14.	Date and place of transaction N/A

15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A	16.	Date issuer informed of transaction N/A

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.	Date of grant 24 JUNE 2016	18.	Period during which or date on which exercisable 24 JUNE 2019

19.	Total amount paid (if any) for grant of the option NIL	20.	Description of shares or debentures involved (class and number) UNAPPROVED SHARE OPTIONS

21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise £0.05 PER SHARE	22.	Total number of shares or debentures over which options held following notification 715,050 SHARES UNDER OPTION

23.	Any additional information N/A	24.	Name of contact and telephone number for queries DEREK JOSEPH 0207 934 0175

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer GENERAL INDUSTRIES PLC	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

3.	Name of person discharging managerial responsibilities/director SUSAN KANE, DIRECTOR GENERAL INDUSTRIES PLC AND DIRECTOR ALTAIR CONSULTANCY AND ADVISORY SERVICES LTD	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A

5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest ¹ N/A	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares N/A

7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them N/A	8.	State the nature of the transaction N/A

9.	Number of shares, debentures or financial instruments relating to shares acquired N/A	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A

11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A

13.	Price per share or value of transaction N/A	14.	Date and place of transaction N/A

15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A	16.	Date issuer informed of transaction N/A

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.	Date of grant 24 JUNE 2016	18.	Period during which or date on which exercisable 24 JUNE 2019

19.	Total amount paid (if any) for grant of the option NIL	20.	Description of shares or debentures involved (class and number) UNAPPROVED SHARE OPTIONS

21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise £0.05 PER SHARE	22.	Total number of shares or debentures over which options held following notification 715,050 SHARES UNDER OPTION

23.	Any additional information N/A	24.	Name of contact and telephone number for queries DEREK JOSEPH 0207 934 0175

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer GENERAL INDUSTRIES PLC	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

3.	Name of person discharging managerial responsibilities/director FIONA UNDERWOOD, DIRECTOR GENERAL INDUSTRIES PLC AND DIRECTOR ALTAIR CONSULTANCY AND ADVISORY SERVICES LTD	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A

5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest ¹ N/A	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares N/A

7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them N/A	8.	State the nature of the transaction N/A

9.	Number of shares, debentures or financial instruments relating to shares acquired N/A	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A

11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A

13.	Price per share or value of transaction N/A	14.	Date and place of transaction N/A

15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A	16.	Date issuer informed of transaction N/A

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.	Date of grant 24 JUNE 2016	18.	Period during which or date on which exercisable 24 JUNE 2019

19.	Total amount paid (if any) for grant of the option NIL	20.	Description of shares or debentures involved (class and number) UNAPPROVED SHARE OPTIONS

21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise £0.05 PER SHARE	22.	Total number of shares or debentures over which options held following notification 715,050 SHARES UNDER OPTION

23.	Any additional information N/A	24.	Name of contact and telephone number for queries DEREK JOSEPH 0207 934 0175

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer GENERAL INDUSTRIES PLC	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

3.	Name of person discharging managerial responsibilities/director CHRISTOPHER WOODS, DIRECTOR ALTAIR CONSULTANCY AND ADVISORY SERVICES LTD	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A

5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest ¹ N/A	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares N/A

7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them N/A	8.	State the nature of the transaction N/A

9.	Number of shares, debentures or financial instruments relating to shares acquired N/A	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A

11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A

13.	Price per share or value of transaction N/A	14.	Date and place of transaction N/A

15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A	16.	Date issuer informed of transaction N/A

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.	Date of grant 24 JUNE 2016	18.	Period during which or date on which exercisable 24 JUNE 2019

19.	Total amount paid (if any) for grant of the option NIL	20.	Description of shares or debentures involved (class and number) UNAPPROVED SHARE OPTIONS

21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise £0.05 PER SHARE	22.	Total number of shares or debentures over which options held following notification 715,050 SHARES UNDER OPTION

23.	Any additional information N/A	24.	Name of contact and telephone number for queries DEREK JOSEPH 0207 934 0175