Option Surrenders and Grants

RNS Number : 4932I

finnCap Group PLC

02 April 2020

 

2 April 2020

finnCap Group plc

("finnCap" or the "Group")

Option Surrenders and Grants

finnCap today announces the surrender and grant of certain options, as set out further below, which are separate to those announced in the trading update yesterday.

finnCap's lease of new premises in 1 Bartholomew Close commences today, 2 April.  Following the commencement of the lease the Group no longer qualifies to grant EMI options.  The Board therefore considered whether to make any further final grants of EMI options prior to 2 April.

As approved by the Board, on 1 April, holders of options pursuant to the finnCap Unapproved Plan surrendered options over a total of 3,150,000 shares and finnCap granted options over an equivalent number of shares pursuant to the finnCap EMI Plan.  This means that the total number of options granted by the Group remains the same and there will be no additional dilution for shareholders.

Stuart Andrews, an executive director of finnCap, has surrendered options over 300,000 shares and been granted options over the same number on equivalent terms.  Further details on this are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulation.

Contacts

finnCap Group plc   Tel: [phone]

Sam Smith, Chief Executive Officer  [e-mail]

Tom Hayward, Chief Financial Officer

Grant Thornton (Nominated Adviser)      Tel: [phone]

Philip Secrett/Samantha Harrison/Seamus Fricker

finnCap Ltd (Broker)   Tel: [phone]

Rhys Williams

Tim Redfern

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Andrews
2	Reason for the notification
a)	Position/status	Director - Managing Director, finnCap
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	finnCap Group plc
b)	LEI	213800DLRUJW6JVNS533
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	Ordinary shares
	Identification code	GB00BGKPX309
b)	Nature of the transaction	Option surrender under finnCap Unapproved Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	300,000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	1 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Andrews
2	Reason for the notification
a)	Position/status	Director - Managing Director, finnCap
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	finnCap Group plc
b)	LEI	213800DLRUJW6JVNS533
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	Ordinary shares
	Identification code	GB00BGKPX309
b)	Nature of the transaction	Grant of options under finnCap EMI Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	300,000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	1 April 2020
f)	Place of the transaction	Outside a trading venue

 

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