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Swallowfield PLC (BAR)

  Print          Annual reports

Tuesday 19 June, 2018

Swallowfield PLC

Board Appointment & Grant of share options

RNS Number : 8742R
Swallowfield PLC
19 June 2018
 

 

Swallowfield plc

 

("Swallowfield" or "the Company")

 

Board Appointment

& Grant of share options

 

Swallowfield plc, a market leader in the development, formulation, and supply of personal care and beauty products, including its own portfolio of brands refers to its announcement on 27 February 2018 and confirms that Tim Perman will be appointed to the board of Swallowfield as Chief Executive Officer with effect from 1 July 2018. As announced at that time, Tim will replace Chris How who will step down from the board on 1 July 2018.

 

Pursuant to the rules of the Swallowfield plc 2009 Long Term Incentive Plan ("LTIP"), the Company has granted options to certain directors and employees to subscribe for up to 212,190 ordinary shares of 5p each (the "Options") as follows:

 

Director/Employee

Number of new Options granted

Total Number of Options now held

% of issued share capital represented by Options now held

Tim Perman

77,160

77,160

0.45%

Jane Fletcher

77,160

99,877

0.58%

Matthew Gazzard

 57,870 

 57,870

0.34%

                                                                 212,190                             234,907                               1.37%        

 

All of the 212,190 new Options granted under the LTIP have performance conditions attached to them linked to earning per share targets. The award for Jane Fletcher represents a 24-month period and for Matthew Gazzard an 18-month period in the absence of an award being made to those individuals for the trading year 2018. In relation to Tim Perman the award represents a 12-month period. To the extent that the performance conditions are met at the end of the three-year performance cycle, then the Options can be exercised at a price of £0.05 per Option. They are exercisable, to the extent vested and subject to meeting the performance criteria, for a period of 10 years from the date of grant.

 

Following the grant of the Options the total number of ordinary shares subject to options and which could, in the future, be issued is 535,000.  This represents 3.12% of the current issued share capital of the Company which comprises 17,135,542 Ordinary Shares.

 

 

For further information, please contact:

 

Swallowfield plc

 

 

Chris How

 Chief Executive Officer

 01823 662 241

Matthew Gazzard

 Group Finance Director

 01823 662 241

 

 

 

Mark Taylor/ Jen Boorer

 N+1 Singer

 0207 496 3000

Josh Royston / Hilary Buchanan

 Alma PR

 07780 901979

 

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

 

 

 Tim Perman

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 CEO Designate

b)

 

Initial notification /Amendment

 

 

 Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

 Swallowfield plc

b)

 

LEI

 

 

 213800BSD8D9QEUKCE17

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

 

 

Ordinary Shares of 5 pence each

 

 

GB0008667304

b)

 

Nature of the transaction

 

 

 Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 Price(s)

 

 Volume(s)

 Exercise price of £0.05      per Option

 77,160

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

 18th June 2018

f)

 

Place of the transaction

 

 

 London Stock Exchange

 

c

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 Jane Fletcher

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Group Sales And Marketing Director

b)

 

Initial notification /Amendment

 

 

 Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

 Swallowfield plc

b)

 

LEI

 

 

 213800BSD8D9QEUKCE17

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

 

 

Ordinary Shares of 5 pence each

 

 

GB0008667304

b)

 

Nature of the transaction

 

 

 Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 Price(s)

 

 Volume(s)

 Exercise price of £0.05 per Option

 77,160

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

 18th June 2018

f)

 

Place of the transaction

 

 

 London Stock Exchange

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 Matthew Gazzard

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Group Finance Director

b)

 

Initial notification /Amendment

 

 

 Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

 Swallowfield plc

b)

 

LEI

 

 

 213800BSD8D9QEUKCE17

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

 

 

Ordinary Shares of 5 pence each

 

 

GB0008667304

b)

 

Nature of the transaction

 

 

 Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 Price(s)

 

Volume(s)

 Exercise price of £0.05 per Option

 57,870

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

 18th June 2018

f)

 

Place of the transaction

 

 

 London Stock Exchange

 

 


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