Director/PDMR Shareholding

RNS Number : 6732U

Cenkos Securities PLC

08 April 2016

 

8 April 2016

Cenkos Securities plc

("Cenkos" or the "Company")

Bonus Deferral Scheme and Director's Dealings

As described in the Company's 2015 Annual Report and Accounts, the Company recently adopted a deferred bonus scheme (the "Scheme") which will apply to bonuses awarded to the Company's employees in respect of financial years ended 31 December 2015 onwards.

The Company announces that, in accordance with the Scheme, a portion of certain of the Company's executive directors' 2015 bonuses will be deferred (the "Deferred Bonuses"). In respect of Mike Chilton, an executive director of the Company, the Deferred Bonus will be satisfied through the issue of a total of 15,163 existing ordinary shares of 1p each in the Company ("Ordinary Shares") held by Cenkos' employee benefit trust ("EBT") at an effective issue price of 122.0 pence per Ordinary Share. The award of these Ordinary Shares will vest in three equal tranches on 8 April 2017, 8 April 2018 and 8 April 2019 respectively.

Enquiries:

Jim Durkin                                                                              [phone]

Chief Executive Officer       

Cenkos Securities plc

Dr Azhic Basirov / David Jones / Ben Jeynes                    [phone]

Nominated Adviser

Smith & Williamson Corporate Finance Limited

David Rydell / Duncan Mayall / James Newman             [phone]

Bell Pottinger              

 

END

 

 

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