Augean Plc Director/PDMR Shareholding (9124N)
01 November 2016 - 6:00PM
UK Regulatory
TIDMAUG
RNS Number : 9124N
Augean Plc
01 November 2016
1 November 2016
Augean plc
("Augean" or "the Group")
Grant of Share Options under Long Term Incentive Plan
Total voting rights
Augean, one of the UK's leading specialist waste management
businesses, announces that it has granted share options ("Options")
to certain of its directors, persons discharging managerial
responsibility ("PDMRs") and employees for up to 1,438,043 ordinary
shares of 10 pence each in the capital of the Company ("Ordinary
Shares") pursuant to the terms of the Augean plc 2014 Long Term
Incentive Plan (the "LTIP").
424,925 of these Options have been granted to Stewart Davies as
set out below:
Director Number of Total Number % of issued
Options granted of Options held share capital
following this represented
grant by total options
held
Stewart
Davies 424,925 2,253,133 2.19%
In addition, 900,000 of these Options have been granted to PDMRs
(other than Stewart Davies) as set out below:
PDMR Number of Options
granted
Helen Simms 150,000
Gene Wilson 150,000
Nigel Bowen 150,000
Edward Pigg 150,000
Andrew Woolcock 150,000
Simon Gibb 150,000
The Options have certain performance conditions attaching to
them and are based on the achievement of these conditions during
the period from 1 January 2016 to 31 December 2018. The Options are
subject to the achievement of a Return on Capital Employed ("ROCE")
condition being met following which the Options vest as
follows:
i. 25% of each award will vest subject to performance conditions
based on the Company's relative total shareholder return ("TSR"),
comprising both the change in share price and cumulative dividends.
The Company's TSR will be measured relative to the FTSE AIM
All-Share Index; and
ii. 75% of each award will be subject to performance conditions
based on the Company's diluted earnings per share.
To the extent that the performance conditions have been
satisfied, the Options will vest on the date of the publication of
the Company's 2018 Annual Report and Accounts. The Options have an
exercise price of 10 pence each.
Following the above grant there are 5,624,272 options over
Ordinary Shares. This represents 5.47% of the current issued share
capital of the Company, which comprises 102,748,383 Ordinary
Shares.
Total voting rights
The Company has a total of 102,748,383 Ordinary Shares in issue
each carrying one voting right. The Company does not hold any
Ordinary Shares in Treasury. This figure of 102,748,383 Ordinary
Shares may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name 1. Stewart Davies
2. Helen Simms
3. Gene Wilson
4. Nigel Bowen
5. Edward Pigg
6. Andrew Woolcock
7. Simon Gibb
---- ------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
1. Chief Executive Officer
a) Position/status 2. PDMR - Director of Radioactive Waste Services
3. PDMR - Director of Corporate Stewardship
4. PDMR - Director of Industry and Infrastructure
5. PDMR - Director of Augean Integrated Services
6. PDMR - Director of Energy and Construction
7. PDMR - Managing Director of Augean North Sea
Services
---- ------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- ------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------------------------------------------
a) Name Augean 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 Ordinary 10p shares
instrument ISIN: GB00B02H2F76
Identification code
---- ------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Options
---- ------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------- ----------
1. 10 pence 424,925
2. 10 pence 150,000
3. 10 pence 150,000
4. 10 pence 150,000
5. 10 pence 150,000
6. 10 pence 150,000
7. 10 pence 150,000
-------------- ----------
---- ------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/a (Single transaction)
- Aggregated volume
- Price
---- ------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 31 October 2016
---- ------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---- ------------------------------------------------------- -------------------------------------------------------
For further information, call:
Augean plc
Dr Stewart Davies, Chief
Executive
Richard Laker, Group Finance
Director 01937 844 980
N+1 Singer
Shaun Dobson
Jennifer Boorer
Alex Price 020 7496 3000
FTI Consulting
Oliver Winters
Fiona Walker 020 3727 1535
This information is provided by RNS
The company news service from the London Stock Exchange
END
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