Grant of options

RNS Number : 4091J

Fulham Shore PLC (The)

19 August 2019

 

The Fulham Shore plc

 ("Fulham Shore" or "the Company")

Grant of options

The Fulham Shore plc (AIM: FUL) announces that the Company has on 16 August 2019 granted 4,225,000 options over ordinary shares in the Company ("Ordinary Shares") to employees pursuant to The Fulham Shore Company Share Option Plan ("CSOP") and the Unapproved Share Option Scheme (together, the "Options"). The Options have an exercise price of 11.25 pence per Ordinary Share (being the closing mid-market price  on Thursday 15 August 2019, the day prior to grant). The following Options have been granted to persons discharging managerial responsibilities ("PDMRs") under the Unapproved Share Option Scheme:

Name of PDMR	Role	No. of CSOP Options granted	No. of Unapproved Options granted	Total options over Ordinary Shares now held
Jawaid Akhtar	Franco Manca Operations Director	-	100,000	1,550,000
Tom Byng	Franco Manca Property Director	110,000	90,000	900,000
Christos Karatzenis	The Real Greek Operations Director	-	100,000	1,200,000

The above Options vest on the third anniversary of grant and are exercisable up until the tenth anniversary of grant, subject to continuing employment by the optionholder. There are no additional performance conditions attaching to the Options.

Following the grant of the Options, the Company has a total of 65,666,876 options over new Ordinary Shares outstanding under share option schemes, equivalent to 11.4% of the existing issued share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jawaid Akhtar
2	Reason for the notification
a)	Position/status	Franco Manca Operations Director (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Fulham Shore plc
b)	LEI	213800I1MACIDMBA2M29
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 1p each in The Fulham Shore plc Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 11.25p per share 100,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 August 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Byng
2	Reason for the notification
a)	Position/status	Franco Manca Property Director (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Fulham Shore plc
b)	LEI	213800I1MACIDMBA2M29
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 1p each in The Fulham Shore plc Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 11.25p per share 200,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 August 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christos Karatzenis
2	Reason for the notification
a)	Position/status	The Real Greek Operations Director (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Fulham Shore plc
b)	LEI	213800I1MACIDMBA2M29
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 1p each in The Fulham Shore plc Identification code (ISIN) for The Fulham Shore plc ordinary shares: GB00B9F8VG44
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 11.25p per share 100,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	16 August 2019
f)	Place of the transaction	Outside a trading venue

- Ends -

 

For further information, please contact:

The Fulham Shore plc	www.fulhamshore.com
David Page / Nick Wong	Tel: [phone]
Allenby Capital Limited Nick Naylor / Jeremy Porter / James Reeve	Tel: [phone]
Hudson Sandler - Financial PR Alex Brennan / Lucy Wollam	[e-mail] Telephone: [phone]

 

END

 

 

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