Quarto Group Inc Treasury Stock (8722G)
11 August 2016 - 4:01PM
UK Regulatory
TIDMQRT
RNS Number : 8722G
Quarto Group Inc
11 August 2016
11 August 2016
Quarto Group, Inc. ("Quarto", "the Company" or "the Group")
Exercise of share options/Transfer of Treasury Stock
As notified on 31 March 2016, the performance conditions
attaching to the award granted to Marcus Leaver, Chief Executive
Officer, on 22 May 2014 pursuant to the Group's Performance Share
Plan ("PSP"), have now been achieved. Marcus Leaver's PSP award is
a nil-cost option over 666,666 common stock of $0.10 each in the
Company ("Shares") and became capable of being exercised at any
time after 30 June 2016.
Accordingly, on 9 August 2016 666,666 Shares were transferred
out of treasury for the purpose of satisfying the exercise by
Marcus Leaver of these options. Marcus Leaver's resultant share
interest in the Company comprises 691,222 Shares, representing
approximately 3.40 per cent. of the Company's shares with voting
rights.
Following the above transfer of treasury stock, Quarto holds
81,155 Shares as treasury shares. The total number of Shares in
issue (excluding shares held as treasury shares) is 20,363,395.
This figure 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 Disclosure Guidance and
Transparency Rules of the UK Financial Conduct Authority.
ENDS
For further information please contact:
The Quarto Group
Michael Connole, CFO
Dorothée de Montgolfier, Group
Director of Communications 020 7700 9002
Bell Pottinger
Elly Williamson
Lucy Stewart 020 3772 2491
This information is provided by RNS
The company news service from the London Stock Exchange
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