Grant of options

RNS Number : 5494F

Fulham Shore PLC (The)

28 July 2016

 

The Fulham Shore plc

("Fulham Shore", the "Company" or "Group")

Grant of options

The Directors of Fulham Shore announce that the Company has today granted 6,000,000 options over ordinary shares in the Company ("Ordinary Shares") to employees pursuant to the The Fulham Shore Company Share Option Plan ("CSOP") and Unapproved Share Option Scheme (together, the "Options"). Certain of the Options have been granted to persons discharging managerial responsibilities ("PDMRs"), as set out below:

PDMR	Scheme	No. of Options granted	Total no. of Options now held
Jawaid Akhtar (Franco Manca Operations Director)	CSOP	164,380
	Unapproved	835,620
	Total	1,000,000	1,000,000
Oliver Wylie (Franco Manca Finance Director)	CSOP	164,380
	Unapproved	335,620
	Total	500,000	500,000
Christos Karatzenis (The Real Greek Operations Manager)	CSOP	164,380
	Unapproved	135,620
	Total	300,000	600,000
Tom Byng (Franco Manca Head of Property)	Unapproved	500,000	500,000

In addition, the Company has granted a further 3,393,140 Options under the CSOP and 306,860 Options under the Unapproved Share Option Scheme to employees and consultants of the Group. No new Options have been granted to the Directors of the Company.

All the Options granted on 27 July 2016 have an exercise price of 18.25p per Ordinary Share and are exercisable from the third anniversary of grant until the day before the tenth anniversary of grant. There are no additional performance conditions attaching to the Options.

In total, the Company has today issued 6,000,000 Options. Following the grant of the Options, the total number of Ordinary Shares outstanding under share incentive schemes arrangements is 61,189,792, representing 10.8 per cent. of the Company's issued share capital.

Contacts:

The Fulham Shore PLC                                               www.fulhamshore.com

David Page                                                                    07836 346 934

Allenby Capital Limited

Nick Naylor / Jeremy Porter / James Reeve                      020 3328 5656

 

Notes for editors

Information on The Fulham Shore PLC

Fulham Shore was incorporated in March 2012. The Directors believe that there are a number of potentially attractive investment opportunities within the restaurant and food service sectors in the UK.

The Directors believe that, given their collective experience in the restaurant and food service sectors, they can take advantage of the opportunities which exist in these sectors and create a profitable and sustainable business.

The ordinary shares of the Company were admitted to trading on AIM in October 2014 in order to capitalise on such opportunities.

Today Fulham Shore currently operates "The Real Greek" (www.therealgreek.com) and "Franco Manca" (www.francomanca.co.uk) restaurants, as well as a Bukowski Grill restaurant.

 

END

 

 

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