11th Aug 2015 15:19
Hornby plc
Grant of Options
This notification is made in accordance with DTR 3.1.4(1)(a).
On 11 August 2015, awards over ordinary shares of 1 pence each in Hornby Plc (the "Company") were made under the Hornby Plc Performance Share Plan to certain persons discharging managerial responsibilities ("PDMRs"), as follows:
Name of PDMR | Number of Shares held under award |
Richard Ames | 292,857 |
Steve Cooke | 190,476 |
No consideration was paid for the grant of the awards which are structured as nil cost options.
The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on the later of the third anniversary of grant and the determination of the performance conditions, and will then normally remain exercisable for 6 months following the date of vesting provided the individual remains an employee or officer of the group.
The Company was informed of the above transactions on 11 August 2015.
For and on behalf of Hornby Plc.
- ends -
Date: 11 August 2015
For further information contact:
Hornby Plc | Broker Profile |
Richard Ames, Chief Executive | Simon Courtenay |
Steve Cooke, Group Finance Director | Harry Rippon |
01843-233500 | 020-7448-3244 |
Related Shares:
Hornby