- Title:
Option Surrender - Time:
14:07:26 - Date:
28 Apr 2020 - Category:
Director/PDMR dealings - ID:
1975L
Fletcher King plc
Option Surrender
Fletcher King plc (the "Company") announces that, further to the announcements of 1 March 2019 and 19 October 2016, the holders of all 1,240,000 options issued under the Company's Enterprise Management Incentive ("EMI") plan have today surrendered the options.
The Company has no short term intention to issue any EMI options to replace the surrendered options. In either the medium term or at such point as the markets in which the Company operates recover from the current COVID-19 situation, the Company expects to construct a suitable incentivisation structure to attract and motivate employees and directors of the Company to drive its business forward in the future.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries
Fletcher King plc
David Fletcher / Peter Bailey
Tel: 0207 493 8400
Cairn Financial Advisers LLP
James Caithie / Tony Rawlinson
Tel: 020 7213 0880
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
||||||||||
| Details of the person discharging managerial responsibilities/person closely associated |
||||||||||
| Name |
a) Richard Goode b) Robert Dickman c) Paul Andrews d) Peter Bailey e) David Fletcher |
|||||||||
| Reason for notification |
|
|||||||||
| Position/Status |
a) Director b) Director c) Director d) Director e) Director |
|||||||||
| Initial notification/ Amendment |
Initial notification |
|||||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
| Name |
Fletcher King plc |
|||||||||
| LEI |
|
|||||||||
| 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 |
||||||||||
| Description of the financial instrument, type of instrument |
Options over ordinary shares of 10p each GB0003425310 |
|||||||||
| Nature of the transaction |
Option surrender under EMI plan |
|||||||||
| Price(s) and volume(s) |
|
|
|
|
|
|||||
| |
Price(s) |
Volume(s) |
|
|||||||
| |
a) 48.5p a) 46p b) 48.5p b) 46p c) 48.5p c) 46p d) 48.5p d) 46p e) 48.5p |
a) 100,000 a) 100,000 b) 100,000 b) 150,000 c) 100,000 c) 150,000 d) 100,000 d) 100,000 e) 100,000 |
|
|||||||
|
|
||||||||||
| |
||||||||||
| Aggregated information - Aggregated Volume - Price |
1,000,000 46p / 48.5p |
|||||||||
| Date of the transaction |
28 April 2020 |
|||||||||
| Place of the transaction |
Outside a trading venue
|
|||||||||
|
|
||||||||||
Option Surrender 14:07:2628 Apr 2020Director/PDMR dealings1975L