General Industries PLC Issue of share options, PDMR shareholding and TVR (5838T)
31 March 2016 - 5:00PM
UK Regulatory
TIDMGNI
RNS Number : 5838T
General Industries PLC
31 March 2016
For Immediate Release
31 March 2016
General Industries PLC
("General Industries" or the "Company")
Issue of Unapproved Share Options, Director/PDMR Shareholding
and TVR
General Industries, a company formed to acquire and operate
growing businesses in the services sector, announces that it has
today issued 103,093 unapproved share options ("Share Options") to
David Mairs, Director of Murja Limited, a wholly owned subsidiary
of the Company, who joined Murja on 15(th) February 2016 ("joining
date"). This forms part of the Company's reward and remuneration
strategy which is to ensure that General Industries attracts,
retains and motivates highly skilled personnel contributing to the
growth and success of the Group.
The Share Options have been granted to the value of GBP50,000
based on the mid-market price of 48.5p on the joining date and they
will be exercisable on 31 March 2019 at an exercise price of
5p.
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
State whether the notification
relates to (i) a transaction
notified in accordance
with DTR 3.1.2 R,
(ii) a disclosure made
in accordance
LR 9.8.6R(1) or
(iii) a disclosure made
Name of the issuer in accordance with section
793 of the Companies
1. GENERAL INDUSTRIES PLC 2. Act (2006).
---- ----------------------------------- ---- -------------------------------
State whether notification
relates to a person
Name of person discharging connected with a person
managerial discharging managerial
responsibilities/director responsibilities/director
named in 3 and identify
DAVID MAIRS, DIRECTOR the connected person
3. OF MURJA LIMITED 4. N/A
---- ----------------------------------- ---- -------------------------------
Indicate whether the
notification is in respect
of a holding of the Description of shares
person referred to in (including class), debentures
3 or 4 above or in respect or derivatives or financial
of a nonbeneficial interest instruments relating
(1) to shares
5. N/A 6. N/A
---- ----------------------------------- ---- -------------------------------
Name of registered shareholders(s)
and, if more than one,
the number of shares State the nature of
held by each of them the transaction
7. N/A 8. N/A
---- ----------------------------------- ---- -------------------------------
Percentage of issued
class acquired (treasury
shares of that class
Number of shares, debentures should not be taken
or financial instruments into account when calculating
relating to shares acquired percentage)
9. N/A 10. N/A
---- ----------------------------------- ---- -------------------------------
Percentage of issued
class disposed (treasury
shares of that class
Number of shares, debentures should not be taken
or financial instruments into account when calculating
relating to shares disposed percentage)
11. N/A 12. N/A
---- ----------------------------------- ---- -------------------------------
Price per share or value
of transaction Date and place of transaction
13. N/A 14. N/A
---- ----------------------------------- ---- -------------------------------
Total holding following
notification and total
percentage holding following
notification (any treasury
shares should not be
taken into account when Date issuer informed
calculating percentage) of transaction
15. N/A 16. N/A
---- ----------------------------------- ---- -------------------------------
If a person discharging managerial responsibilities has been
granted options by the issuer complete the following boxes
Period during which
Date of grant or date on which exercisable
17. 31 MARCH 2016 18. 31 MARCH 2019
---- --------------------------- ---- ------------------------------
Total amount paid (if Description of shares
any) for grant of the or debentures involved
option (class and number)
19. NIL 20. UNAPPROVED SHARE OPTIONS
---- --------------------------- ---- ------------------------------
Exercise price (if
fixed at time of grant) Total number of shares
or indication that or debentures over which
price is to be fixed options held following
at the time of exercise notification
21. GBP0.05 PER SHARE 22. 103,093
---- --------------------------- ---- ------------------------------
Name of contact and
telephone number for
queries
Any additional information DEREK JOSEPH 0207 934
23. N/A 24. 0175
---- --------------------------- ---- ------------------------------
Total Voting Rights
In conformity with rule 5.6.1 of the Financial Conduct
Authority's Disclosure and Transparency Rules (the DTRs) the
Company is notifying the market of the following:
As at the date of this announcement, the Company's issued share
capital consists of 32,608,688 ordinary shares of 5p each with
voting rights. There are no shares held in treasury.
The above figure of 32,608,688 may therefore be used by
shareholders as the denominator for the calculation by which they
may determine if they are required to notify their interest in, or
change to their interest in, the Company under the DTRs.
For further information please visit
www.general-industries.co.uk or contact:
General Industries plc
Derek Joseph, Group Finance Director
Tel: 020 7934 0175
Beaumont Cornish Limited, Financial Adviser
Roland Cornish
Tel: 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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