Filta Group Holdings PLC Director/PDMR Shareholding (3305Z)
17 May 2019 - 2:27AM
UK Regulatory
TIDMFLTA
RNS Number : 3305Z
Filta Group Holdings PLC
16 May 2019
16 May 2019
Filta Group Holdings plc
("Filta" or the "Company")
Awards of share options and stock appreciation rights
Filta Group Holdings plc (AIM: FLTA), a leading provider of
fryer management, grease management solutions and other services to
commercial kitchens, announces that share options have been granted
to certain persons discharging managerial responsibilities
("PDMRs") and employees under the Company's existing Share Option
Scheme (being the 2017 Filta Group Holdings EMI Scheme).
Furthermore, the Company has granted certain PDMRs and employees
stock appreciation rights ("SARs") under the Company's existing SAR
Plan (being the 2017 Filta Group Inc Stock Appreciation Rights
Plan).
The options have an exercise price of 230 pence per share and
will vest over a period of 3 years from 2021 to 2023, subject to
the satisfaction of both time and certain performance conditions
relating to annual profit growth over defined targets and are
exercisable at any time after vesting for a period of 10 years from
15 May 2019. The Company has a total of 1,292,500 options over
ordinary shares outstanding, representing approximately 4.45% of
the Company's current issued share capital. The total consists of
50,000 vested and 1,242,500 unvested options.
The Company has granted options to the following PDMRs:
PDMR No of options
Harriet Morley 60,000
Alastair Anderson 10,000
In addition, Harriet Palin, a PCA of Edward Palin (Managing
Director), has been awarded 7,500 options.
Under the 2017 Filta Group Inc Stock Appreciation Rights Plan,
the SARs are structured as conditional cash bonuses whose value
will be calculated by reference to the amount by which the price of
the Company's ordinary shares has risen above the base price of 230
pence at the date of exercise.
The Company has issued a total of 110,000 SARs which include the
following PDMRs:
PDMR No of SARs
Brian Hogan 30,000
Tom Dunn 30,000
Rob Totten 20,000
Annalisa Bhim 10,000
The vesting period and conditions for the SARs scheme are
identical to those for the 2017 Filta Group Holdings EMI Scheme.
The Company has a total of 607,500 SARs outstanding of which
110,000 have vested and 497,500 remain unvested.
For further information:
Filta Group Holdings plc
Jason Sayers, Chief Executive Officer +1 407 996 5550
Brian Hogan, Chief Financial Officer
Cenkos Securities
Stephen Keys, Harry Hargreaves 020 7397 8900
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Harriet Morley
------------------------------------- --------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/Status: PDMR (Group Head of Finance)
------------------------------------- --------------------------------------
b) Initial Notification/Amendment: Initial Notification
------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name: Filta Group Holdings plc
------------------------------------- --------------------------------------
b) LEI: 2138006C7GROHSV29B25
------------------------------------- --------------------------------------
4. Details of 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 Ordinary Shares of 10 pence each
instrument: ISIN: GB00BFH55S51
Identification code:
------------------------------------- --------------------------------------
b) Nature of the transaction: Grant of options over ordinary
shares
------------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------------------------------- ---------------- --------------------
Nil 60,000
----------------------------------------------------------- --------------------
d) Aggregated volume: 60,000
Price: Nil
------------------------------------- --------------------------------------
e) Date of the Transaction: 15 May 2019
------------------------------------- --------------------------------------
f) Place of the Transaction: Outside trading venue
------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Alastair Anderson
--------------------------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/Status: PDMR (Sales, UK operations)
--------------------------------------------- ------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name: Filta Group Holdings plc
--------------------------------------------- ------------------------------------
b) LEI: 2138006C7GROHSV29B25
--------------------------------------------- ------------------------------------
4. Details of 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 Ordinary Shares of 10 pence each
instrument: ISIN: GB00BFH55S51
Identification code:
--------------------------------------------- ------------------------------------
b) Nature of the transaction: Grant of options over ordinary
shares
--------------------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ----------------- -----------------
Nil 10,000
-------------------------------------------------------------------- -----------------
d) Aggregated volume: 10,000
Price: Nil
--------------------------------------------- ------------------------------------
e) Date of the Transaction: 15 May 2019
--------------------------------------------- ------------------------------------
f) Place of the Transaction: Outside trading venue
--------------------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Harriett Palin
--------------------------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/Status: PCA of Edward Palin (Managing
Director, UK operations)
--------------------------------------------- ------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name: Filta Group Holdings plc
--------------------------------------------- ------------------------------------
b) LEI: 2138006C7GROHSV29B25
--------------------------------------------- ------------------------------------
4. Details of 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 Ordinary Shares of 10 pence each
instrument: ISIN: GB00BFH55S51
Identification code:
--------------------------------------------- ------------------------------------
b) Nature of the transaction: Grant of options over ordinary
shares
--------------------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ----------------- -----------------
Nil 7,500
-------------------------------------------------------------------- -----------------
d) Aggregated volume: 7,500
Price: Nil
--------------------------------------------- ------------------------------------
e) Date of the Transaction: 15 May 2019
--------------------------------------------- ------------------------------------
f) Place of the Transaction: Outside trading venue
--------------------------------------------- ------------------------------------
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END
DSHBLGDULDBBGCL
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