Knights Group Holdings PLC Grant of Options under 2018 SAYE Scheme (1952L)
21 December 2018 - 6:00PM
UK Regulatory
TIDMKGH
RNS Number : 1952L
Knights Group Holdings PLC
21 December 2018
21 December 2018
Knights Group Holdings plc
Grant of Options under 2018 SAYE Scheme
("Knights", the "Company" or the "Group")
Knights, one of the UK's fastest growing regional legal and
professional services businesses, announces the grant of options to
employees as part of its Savings-Related Share Option Scheme
("SAYE") for 2018. The scheme is open to all permanent employees,
giving them the opportunity to participate in the future growth of
the Group via share option arrangements.
Eligible employees were invited to subscribe for options over
Knights' ordinary shares of GBP0.002 each ("Shares") with an
exercise price of 161.52p, which represents a 20% discount to the
closing middle market price of 201.9p on 23 November 2018 being the
trading day before the invitation to participate was made. The
options have a contract start date of 1 February 2019 and are
exercisable from 36 months thereafter.
A total of 192 employees elected to participate, and pursuant to
these elections, options over a total of 900,785 Shares have been
granted today. This includes options granted over a total of 71,320
Shares to the following eight employees who are regarded as Persons
Discharging Managerial Responsibilities ("PDMR's"):
NAME SHARES UNDER OPTION IN SAYE
Andrew Pilkington 6,686
----------------------------
Julia Stokes 4,457
Kate Lewis 11,144
Lisa Bridgwood 11,144
----------------------------
Mark Anton-Smith 11,144
Nigel Johnson 11,144
----------------------------
Philip Marsh 4,457
Tom Bower 11,144
TOTAL 71,320
----------------------------
Ends
Enquiries
Knights
David Beech, CEO via MHP Communications
-----------------------
Numis (Nominated Adviser and Broker)
Stuart Skinner, Kevin Cruickshank, Michael
Burke +44 20 7260 1000
-----------------------
MHP Communications (Media enquiries)
Andrew Jaques, Katie Hunt, Kelsey Traynor +44 20 3128 8100
knights@mhpc.com
-----------------------
Notes to Editors
Knights is a fast-growing, regional legal and professional
services business, ranked within the UK top 100 largest law firms
by revenue. Knights was one of the first law firms in the UK to
move from the traditional partnership model to a corporate
structure in 2012 and has since grown rapidly. Knights has
specialists in all of the key areas of corporate and commercial law
so that it can offer end-to-end support to businesses of all sizes
and in all sectors. The Company's main focus is on the UK's
secondary regional markets, offering 'big city' quality expertise
from a regional cost base. Currently, Knights operates from eight
offices located in Cheltenham, Chester, Derby,
Newcastle-Under-Lyme, Manchester, Wilmslow, Oxford and
Leicester.
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END
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