19th Nov 2014 15:48
19 November 2014
SIGMA CAPITAL GROUP PLC ("Sigma" or the "Company")
Directors' dealings - grant and exercise of options and allotment of shares
Sigma Capital Group plc, the residential and urban regeneration specialist, notifies that on 19 November 2014 the following options over ordinary shares of 1p each in the Company ("Options") were granted to certain Directors, exerciseable at 68p per Share (being the closing mid-market price on 18 November 2014) between the third and tenth anniversary of grant. The Company has also today received notice from Duncan Sutherland to exercise options over 118,500 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 7.5p per Ordinary Share:
Director | Number of Options granted | Number of Options exercised | Resultant holding of Options |
Graham Barnet, Chief Executive
|
250,000 |
- |
364,286 |
Graeme Hogg, Chief Operating Officer
| 264,503 | - | 597,360 |
Duncan Sutherland, Regeneration Director
| 64,503 | 118,500 | 238,860 |
Gwynn Thomson, Property Investment Director | 200,000 | - | 488,095 |
In addition, the Company has received notice for the exercise of options over a further 10,000 Ordinary Shares at an exercise price of 8p per Ordinary Share. Both these options and those exercised by D Sutherland were granted under the Company's approved share option scheme.
Sigma further notifies that on 19 November 2014 Ordinary Shares of 1p each in the Company were issued and allotted to certain Directors at 68p per share at nil cost to the Directors to compensate for an error in 2013 in the allocation of share options under the Company's approved share option scheme:
Director | Number of Shares allotted | Number of Options exercised | Resultant holding of Shares |
Graeme Hogg, Chief Operating Officer
|
23,067 |
- |
536,496 |
Duncan Sutherland, Regeneration Director
| 14,889 | 118,500 | 133,389 |
Application has been made for the 128,500 Ordinary Shares issued pursuant to the option exercise and the 37,956 Ordinary Shares allotted to Directors to be admitted to trading on AIM.
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and it is expected that admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 25 November 2014. Following admission, the Company will have 60,689,431 Ordinary Shares in issue, none of which are in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
Enquiries
Company website: www.sigmacapital.co.uk
Sigma Capital Group plc | Marilyn Cole, Finance Director | T: 0131 220 9444 |
KTZ Communications | Katie Tzouliadis/ Deborah Walter | T: 020 3178 6378 |
N+1 Singer | James Maxwell/ Ben Griffiths | T: 0207 496 3000 |
END
Related Shares:
SGM.L