Grant of Options under 2018 SAYE Scheme

RNS Number : 1952L

Knights Group Holdings PLC

21 December 2018

 

21 December 2018

Knights Group Holdings plc

Grant of Options under 2018 SAYE Scheme

("Knights", the "Company" or the "Group")

Knights, one of the UK's fastest growing regional legal and professional services businesses, announces the grant of options to employees as part of its Savings-Related Share Option Scheme ("SAYE") for 2018. The scheme is open to all permanent employees, giving them the opportunity to participate in the future growth of the Group via share option arrangements.

Eligible employees were invited to subscribe for options over Knights' ordinary shares of £0.002 each ("Shares") with an exercise price of 161.52p, which represents a 20% discount to the closing middle market price of 201.9p on 23 November 2018 being the trading day before the invitation to participate was made. The options have a contract start date of 1 February 2019  and are exercisable from 36 months thereafter.

A total of 192 employees elected to participate, and pursuant to these elections, options over a total of 900,785 Shares have been granted today. This includes options granted over a total of 71,320 Shares to the following eight employees who are regarded as Persons Discharging Managerial Responsibilities ("PDMR's"):

NAME	SHARES UNDER OPTION IN SAYE
Andrew Pilkington	6,686
Julia Stokes	4,457
Kate Lewis	11,144
Lisa Bridgwood	11,144
Mark Anton-Smith	11,144
Nigel Johnson	11,144
Philip Marsh	4,457
Tom Bower	11,144
TOTAL	71,320

Ends

Enquiries

Knights
David Beech, CEO	via MHP Communications
Numis (Nominated Adviser and Broker)
Stuart Skinner, Kevin Cruickshank, Michael Burke	[phone]
MHP Communications (Media enquiries)
Andrew Jaques, Katie Hunt, Kelsey Traynor	[phone] [e-mail]

Notes to Editors

Knights is a fast-growing, regional legal and professional services business, ranked within the UK top 100 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all of the key areas of corporate and commercial law so that it can offer end-to-end support to businesses of all sizes and in all sectors. The Company's main focus is on the UK's secondary regional markets, offering 'big city' quality expertise from a regional cost base. Currently, Knights operates from eight offices located in Cheltenham, Chester, Derby, Newcastle-Under-Lyme, Manchester, Wilmslow, Oxford and Leicester.

 

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