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Coral Products Plc granted a total of 10,000,000 options over new ordinary shares to certain Directors and employees on 7 July 2025 under its 2014 EMI Option Plan. These options have an exercise price of 10 pence per share, become exercisable 24 months from the grant date, and expire on 7 July 2035. Directors Ian Hillman, Paul Rice, and Robert David each received 2,500,000 options, and Paul Freud received 1,000,000 options.
| Date | 8 Jul 2025 |
| Time | 10:08:54 |
| Category | Director/PDMR dealings |
| ID | 1857Q |
Coral Products Plc
("CRU" or the "Company")
Issue of Options
Coral Products plc, a group of specialist businesses in the design, UK manufacture and omni-channel supply of a wide range of bespoke plastic products based in Wythenshawe, Manchester, announces that as part of the Company's long-term incentive framework, the Company has granted 10,000,000 options over new ordinary shares of 1 pence each ("Ordinary Shares") in the Company ("Options") to certain Directors and employees of the Company under the Company's existing 2014 EMI Option Plan.
These Options are to align the interests of management with shareholders and incentivise delivery of the Company's strategy. The Options have been granted with an exercise price of 10 pence per share, are not exercisable until 24 months from 7 July 2025 ("Date of Grant") and expire on 7 July 2035. There are no vesting conditions attached to the Options.
Options granted to certain Directors and PDMRs of the Company are detailed below:
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Director/ PDMR |
Position |
Number of Options |
Exercise Price |
Date of Grant |
Expiry Date |
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Ian Hillman |
Group CEO |
2,500,000 |
10 pence |
7 July 2025 |
7 July 2035 |
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Paul Rice |
Group CFO |
2,500,000 |
10 pence |
7 July 2025 |
7 July 2035 |
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Robert David |
Operations Director |
2,500,000 |
10 pence |
7 July 2025 |
7 July 2035 |
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Paul Freud |
Corporate Development Director |
1,000,000 |
10 pence |
7 July 2025 |
7 July 2035 |
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
For further information, please contact:
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Enquiries: |
www.coralproducts.com |
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Coral Products plc Joe Grimmond Ian Hillman |
Non-Executive Chairman CEO |
07703 518 148 07773 902145 |
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Cairn Financial Advisers LLP Sandy Jamieson / Ludovico Lazzaretti
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NOMAD and Broker |
020 7213 0880 |
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
A) Ian Hillman B) Paul Rice C) Robert David D) Paul Freud |
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2 |
Reason for notification |
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a. |
Position/Status |
A) Group CEO B) Group CFO C) Operations Director (PDMR) D) Corporate Development Director |
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b. |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Coral Products plc |
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b. |
LEI |
213800M2XLY2QGBMUN82 |
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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 |
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a. |
Description of the financial instrument, type of instrument Identification Code |
Ordinary Shares of 1p each
ISIN: GB0002235736 |
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b. |
Nature of the transaction |
Issue of Options pursuant to the 2014 EMI Option Plan |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information - Aggregated Volume - Price |
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e. |
Date of the transaction |
7 July 2025 |
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f. |
Place of the transaction |
London Stock Exchange |
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