6th Oct 2016 07:00
THE STANLEY GIBBONS GROUP PLC
(the "Company" or the "Group")
Grant of Options
The Stanley Gibbons Group Plc (AIM:SGI) announces that on 5 October 2016, the Company granted options ("Options") over a total of 14,760,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Stanley Gibbons Group Share Option Plan 2010. Of these Options, 6,600,000 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 8,160,000 granted to other employees.
The Options are exercisable at 11.0 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 4 October 2016. The Options shall vest and may be exercised at any time on or after 5 October 2019, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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) | Names | HG Wilson - Executive Chairman A Cook - Chief Finance Officer AM Gee - Group Chief Operating Officer KAM Heddle - Investment Sales Director MW Peterlechner - Group Marketing Director JW Harvey - Chief Executive, Interiors Division GHS Bailey - Chairman, Interiors Division NK Clare - Group HR Director JP Spencer - Group Financial Controller RK Purkis - Group Secretary |
2. | Reason for the Notification | |
a) | Position/status | See 1(a) above for positions - all classified as PDMRs of the Company |
b) | Initial notification/ Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | The Stanley Gibbons Group plc |
b) | LEI | n/a |
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 | In each case, the grant of Options over Ordinary Shares on 5 October 2016
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Identification code | GB0009628438 | |
b) | Nature of the transaction | Grant of Options over Ordinary Shares
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c) | Price(s) and volume(s) | Price: n/a Volumes(s): HG Wilson - Options over 2,000,000 Ordinary Shares A Cook - Options over 2,000,000 Ordinary Shares AM Gee - Options over 400,000 Ordinary Shares KAM Heddle - Options over 400,000 Ordinary Shares MW Peterlechner - Options over 400,000 Ordinary Shares JW Harvey - Options over 400,000 Ordinary Shares GHS Bailey - Options over 400,000 Ordinary Shares NK Clare - Options over 200,000 Ordinary Shares JP Spencer - Options over 200,000 Ordinary Shares RK Purkis - Options over 200,000 Ordinary Shares |
d) | Aggregated information: · Aggregated volume · Price | n/a |
e) | Date of the transaction | 5 October 2016 |
f) | Place of the transaction | Outside a trading venue |
For further information, contact:
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Related Shares:
SGI.L