Information  X 
Enter a valid email address

Swallowfield PLC (BAR)

  Print          Annual reports

Monday 18 July, 2016

Swallowfield PLC

Grant of share options

RNS Number : 3837E
Swallowfield PLC
18 July 2016
 

 

Swallowfield plc

 

("Swallowfield" or "the Company")

 

Grant of share options

 

Swallowfield plc (the Company), has, pursuant to the rules of the Swallowfield plc 2009 Long Term Incentive Plan ("LTIP"), granted options to certain directors to subscribe for up to 183,620 ordinary shares of 5p each (the "Options") as follows:

 

Director

Number of new Options granted

Total Number of Options now held

% of issued share capital represented by Options now held

Chris How

92,752

206,467

1.22%

Jane Fletcher

45,434

101,136

0.60%

Mark Warren

45,434

101,136

0.60%

 

All of the 183,620 new Options granted under the LTIP have two performance conditions attached to them. The first 50% of the award is linked to certain stretching share price targets, ranging from a threshold at £2.20 to the full award at a share price of £3.00, and the remaining 50% is linked to earning per share targets. To the extent that both of the performance conditions are met at the end of the three-year performance cycle, then the Options can be exercised at nil cost. Upon vesting, half of each award will be made in shares with the balance being made in cash.

 

Following the grant of the Options the total number of ordinary shares subject to options and which could, in the future, be issued is 316,929.  This represents 1.88% of the current issued share capital of the Company which comprises 16,865,401 Ordinary Shares.

 

 

For further information, please contact:


Swallowfield plc



Chris How

 Chief Executive Officer

 01823 662 241

Mark Warren

 Group Finance Director

 01823 662 241

 

 

 

Nic Hellyer/ Jen Boorer/ Alex Price

 N+1 Singer

 0207 496 3000

Josh Royston / Hilary Buchanan

 Alma PR

 07780 901979

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHGGUUPMUPQGQA

a d v e r t i s e m e n t