Castings PLC Grant of share options
11 July 2024 - 12:47AM
RNS Regulatory News
RNS Number : 9236V
Castings PLC
10 July 2024
Castings plc (the
"Company")
Grant of Share Options and
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
Castings plc ("the Group"),
announces that the board has today made a grant of nominal value
share options over 42,525 ordinary shares
in the Group ("Options") pursuant to the Castings 2020 Restricted
Share Plan as follows:
·
A Vicary - 24,619
Options
·
S J Mant - 17,906
Options
The awards vest after three years
conditional on the option holder remaining with the Group during
the performance period. Following the exercise of the Options there
is an additional two-year holding period for the shares. The Option
holder shall be entitled to receive an amount (in cash or shares)
equal to any dividend which would have been paid on the Option
shares during the holding period.
If all of the Options were exercised
in full, this would represent approximately 0.10% of the Group's issued share capital.
The information set out below is
provided in accordance with the requirements of Article 19(3) of
the EU Market Abuse Regulation No 596/2014.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Adam
Vicary
2. Steven
Mant
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Chief Executive
Office
2. Group Finance
Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Castings plc
|
|
b)
|
LEI
|
2138004LKVACAUE94W70
|
|
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
Identification code
|
Ordinary shares of 10 pence
each
GB0001795680
|
|
b)
|
Nature of the transaction
|
Grant of share options under the
Castings 2020 Restricted Share Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1. Nil
2. Nil
|
1. 24,619
2. 17,906
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Singe transaction
|
|
e)
|
Date of the transaction
|
10 July 2024
|
|
f)
|
Place of the transaction
|
Grant of options occurred outside a
trading venue
|
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END
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