7th May 2013 12:00
Produce Investments plc
(the "Company" or "PI")
Transfer of Options and Director's Dealings
The Company announces that it was informed on 7 May 2013 that the following transactions took place on 7 May 2013:
Mr Angus Armstrong, Chief Executive Officer of the Company, has transferred 58,221 options over ordinary shares in the Company of 1 pence each ("Ordinary Shares") to certain directors of the Company's subsidiary Greenvale AP Ltd ("Transfer"). The options transferred were granted to Mr Armstrong at the time of the Company's admission to trading on AIM under the Company's Senior Executives LTIP plan.
Following the Transfer, Mr Armstrong exercised 93,935 options over Ordinary Shares and Mr Brian Macdonald, Finance Director of the Company, exercised 75,000 options over Ordinary Shares, all at an exercise price of 1 pence per share. The options exercised were all under the Company's Senior Executives LTIP plan ("Exercise").
Following the Transfer and the Exercise, Mr Armstrong and Mr Macdonald have the following beneficial interests in the Company:
Name | Number of Ordinary Shares | Approximate percentage of Company's issued share capital |
Mr Armstrong | 358,790 | 1.64% |
Mr Macdonald | 75,000 | 0.34% |
For further information contact:
Produce Investments plc
Contact: Brian Macdonald
Telephone: 01890 819513
Shore Capital & Corporate Limited (Nomad to PI)
Contact: Stephane Auton/Patrick Castle
Telephone: 020 7408 4062
Hudson Sandler
Contact: Nick Lyon
Telephone: 020 7796 4133
Related Shares:
Produce Investments