Grant of Options

RNS Number : 5335A

Coral Products PLC

30 May 2019

 

CORAL PRODUCTS PLC

("Coral" or the "Group")

Grant of Options

Coral Products plc, a specialist in the design, manufacture and supply of plastic products, announces that Lenka Gaborova, a PDMR of the Company and Financial Controller of Tatra Rotalac Ltd, one of the Company's wholly owned subsidiary, has been granted 100,000 options ("EMI Options") over ordinary shares of 1 pence each in the share capital of the Company under the 2014 EMI Share Option Scheme.

The EMI Options have an exercise price 16 pence per ordinary share and are exercisable between the second and tenth anniversary of the signing of the EMI Options agreement, being 29 May 2019, after which they will lapse.

Prior to the grant of the EMI Options, Lenka Gaborova held no options nor ordinary shares in the Company.

This announcement contains inside information for the purpose of Article 7 of the EU Regulation 596/2014 and has been arranged for release by Sharon Gramauskas, Finance Director of the Company.

For further information please contact:

Enquiries

Coral Products plc Joe Grimmond, Non-Executive Chairman Mick Wood, CEO						Tel: [phone]
Nominated Adviser and Broker Cairn Financial Advisers LLP Tony Rawlinson / Liam Murray						Tel: [phone]
Capital Markets Consultants Limited Richard Pearson						Tel: [phone]
	Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
	1	Details of the person discharging managerial responsibilities/person closely associated
	a.	Name	Lenka Gaborova
	2	Reason for notification
	a.	Position/Status	PDMR of the Company, Financial Controller of Tatra Rotalac Ltd
	b.	Initial notification/ Amendment	Initial
	3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a.	Name	Coral Products plc
	b.	LEI	213800M2XLY2QGBMUN82
	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	Options over ordinary shares of 1 penny each ISIN: GB0002235736
	b.	Nature of the transaction	Grant of share options
	c.	Price(s) and volume(s)
				Price(s) per share	Volume(s)
				16p	100,000
	d.	Aggregated information - Aggregated Volume - Price	As above As above
	e.	Date of the transaction	29 May 2019
	f.	Place of the transaction	UK

 

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