Director/PDMR Shareholding

RNS Number : 8898G
Just Retirement Group PLC
12 May 2014
 

                                                                                                                                 12 May 2014

 

                                  Just Retirement Group plc (the "Company")                                          

 

                                          GRANT OF SAYE SHARE OPTIONS   

 

Just Retirement Group plc announces that on 12 May 2014 options were granted in accordance with a new Sharesave Scheme over an aggregate of 4,261,320 ordinary shares of 10p each in the share capital of the Company. 

 

The Sharesave Scheme is an all-employee share option plan, which has been approved by HMRC and is intended to encourage wider employee share ownership of the Company. The level of participation in this first SAYE grant by the Company is close to 65%. 

 

Options were granted pursuant to 3 and 5 year savings contracts, with maturity dates of 1 June 2017 and 1 June 2019 for 3,180,312 and 1,081,008 ordinary shares respectively. The exercise price was set at 121p per share in accordance with the Scheme rules and the grant of options represents, in aggregate, 0.85% of the Company's existing issued ordinary share capital.   

 

SAYE share options were granted to the Company's Directors and persons discharging managerial responsibility as follows: 

 

 

Name

Position

Share Options Granted

Rodney Cook

Director

14,876

Simon Thomas

Director

14,876

Shayne Deighton

Director

24,793

Steven Kyle

PDMR

14,876

Christopher Berryman

PDMR

14,876

David Cooper

PDMR

24,793

Anne Ridge

PDMR

14,876

Alexander Duncan

PDMR

14,876

Timothy Crayford

PDMR

14,876

 

 

This notification is made pursuant to Disclosure and Transparency Rule 3.1.4.

 

Martin Smith

Group Company Secretary

12 May 2014


This information is provided by RNS
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