15th May 2017 14:37
Stadium Group plc
Grant of share options under the 2017 Performance Share Plan
Stadium Group plc (AIM: SDM), a leading supplier of connectivity solutions, power supplies, human machine interface products and electronic assemblies, announces that the Company has granted a total of 840,000 options over ordinary shares in the Company with a nominal value of 5 pence each ("Ordinary Shares") under the 2017 Performance Share Plan. The options are exercisable at a price of 5 pence per Ordinary Share, after a period of 3 years, subject to the achievement of certain performance criteria. The options were granted to the directors listed below and other senior management. No consideration was paid in respect of the grant of awards.
Charlie Peppiatt (Chief Executive Officer)
On 15 May 2017, the Company granted options over 375,000 Ordinary Shares to Mr Peppiatt. Mr Peppiatt now holds 375,000 options under the 2017 Performance Share Plan, and a further 100,000 options under the 2006 Plan. Following this notification, Mr Peppiatt's total beneficial interest in 236,263 Ordinary Shares, representing 0.6% of the issued share capital of the Company, remains unchanged.
Winston North (Group Finance Director)
On 15 May 2017, the Company granted options over 75,000 Ordinary Shares to Mr North. Mr North now holds 75,000 options under the 2017 Performance Share Plan. Following this notification, Mr North currently has no beneficial interest in the Company's Ordinary Shares.
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 | Charlie Peppiatt
Winston North |
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 | Stadium Group Plc |
b) | LEI | 2138009U2TAZYH2D6772 |
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 15 May 2017
|
Identification code | GB0008375098 | |
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: Charlie Peppiatt - 375,000 Options Winston North - 75,000 Options |
d) | Aggregated information: · Aggregated volume · Price | n/a |
e) | Date of the transaction | 15 May 2017 |
f) | Place of the transaction | Outside a trading venue |
For further information please contact:
Stadium Group plc www.stadiuminvestors.com
Charlie Peppiatt, Chief Executive Officer Tel: 0118 931 1199
Winston North, Finance Director
Walbrook PR | Tel: 020 7933 8780 or [email protected] |
Paul McManus | Mob: 07980 541 893 |
Helen Cresswell | Mob: 07841 917 679 |
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|
N+1 Singer | Tel: 020 7496 3000 |
Richard Lindley |
Nick Owen
About Stadium Group plc (www.stadiumgroupplc.com)
Stadium Group plc is a leading supplier of connectivity solutions, power supplies, human machine interface products and electronic assemblies with design and manufacturing operations in Europe and Asia. The Company consists of two divisions:
1. Technology Products (60% of 2016 revenues)
· Connectivity Solutions - design, integration and manufacture of "machine-to-machine" ("M2M") and "Internet of Things" ("IoT") wireless solutions
· Power Supplies (including Stontronics) - custom and standard power product solutions from 1W to 10kW
· Human Machine Interface - intelligent "HMI" integrated solutions
2. Electronic Assembly (40% of 2016 revenues) - previously Electronic Manufacturing Services
· Electronic manufacturing services to global original equipment manufacturers
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Stadium Group PLC