21 March 2018
FIH Group plc
("FIH" or "the Company")
Issue of share awards under the 2018 Long Term Incentive Plan and PDMR dealing
FIH Group plc, the AIM quoted international group which owns essential services businesses focused on retail, transport and logistics announces that, on 19 March 2018, the Company granted options over 104,689 ordinary shares in the Company ("Options") to 12 employees of the group under the Company's 2018 Long Term Incentive Plan.
The Options are subject to the achievement of two sets of performance conditions which include a requirement that the Company's share price increases by 33% before full vesting can occur. The Option grants have been agreed by the Company's Remuneration Committee whose members are all independent non-executive directors. The Options have an exercise price of ten pence being equal to the nominal value of an ordinary share of the Company and a three year vesting period. The Options expire on the fifth anniversary of the date of the grant.
Following the grant of the Options, the total number of options outstanding over shares in the Company is 370,920 equivalent to 3.0% of the Company's existing issued share capital.
Details of the PDMR option awards have been noted in the disclosure below.
ENDS
Further enquiries: |
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FIH group plc |
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Tel: +44 (0) 1279 461 630 |
John Foster |
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WH Ireland Limited |
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Tel: +44 (0) 20 7220 1666 |
Nominated Adviser and Broker to FIH |
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Adrian Hadden |
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Jessica Cave |
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Alex Bond |
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FTI Consulting |
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Tel: +44 (0) 20 3727 1000 |
Communications adviser to FIH |
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Edward Westropp |
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Eleanor Purdon |
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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 |
Carol Bishop |
2 |
Reason for the notification |
a) |
Position/status |
Company Secretary, FIH group plc |
b) |
Initial notification/ Amendment |
Initial Notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
FIH Group plc |
b) |
LEI |
2138004AXCMSNLBSNB42 |
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 10p each granted under the FIH Group plc 2018 Long term Incentive Plan GB00BD0CWJ91 |
b) |
Nature of the transaction |
Grant of share options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
10 pence |
9,936 |
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d) |
Aggregated information - Aggregated volume - Price |
Aggregated information - Aggregated volume 9,936 - Price £993.6 |
e) |
Date of the transaction |
19 March 2018 |
f) |
Place of the transaction |
London Stock Exchange, AIM |
