Director/PDMR Shareholding
05 August 2010 - 8:47PM
UK Regulatory
TIDMSWP
RNS Number : 6035Q
SWP Group PLC
05 August 2010
SWP Group plc (the "Company")
Grant of Share Options
The Board of SWP Group plc announces that following approval by the Company's
Remuneration Committee on 2nd August 2010, the Board has granted each of its
executive directors (the "Executive Directors") options ("Options") under the
SWP 2010 Unapproved Share Option Plan (the "Unapproved Plan") in total over
4,500,000 ordinary shares of 0.5 pence each in the share capital of the Company
("Ordinary Shares") for nil consideration.
The options granted to the Executive Directors under the Unapproved Plan have an
exercise price of 10.25 pence per share. The number of ordinary shares subject
to the options granted, together with the beneficial interests of the Executive
Directors currently held in the issued share capital of the Company, is as
follows:
+------------+------------+------------+------------+-------------+
| Director | No. of | No. of | No. of | No. of |
| | Ordinary | options | Ordinary | Ordinary |
| | Shares | currently | Shares | Shares |
| | subject to | held as a | currently | currently |
| | Options | percentage | held | held as a |
| | granted | of the | | percentage |
| | under the | Company's | | of the |
| | Unapproved | issued | | Company's |
| | Plan | capital | | issued |
| | | | | share |
| | | | | capital |
+------------+------------+------------+------------+-------------+
| | | | | |
+------------+------------+------------+------------+-------------+
| Alan | 1,500,000 | 0.74% | 14,478,457 | 7.12% |
| Walker | | | | |
| (Executive | | | | |
| Chairman) | | | | |
+------------+------------+------------+------------+-------------+
| | | | | |
+------------+------------+------------+------------+-------------+
| Colin | 2,000,000 | 0.98% | - | - |
| Stott | | | | |
| (Executive | | | | |
| Director) | | | | |
+------------+------------+------------+------------+-------------+
| | | | | |
+------------+------------+------------+------------+-------------+
| David | 1,000,000 | 0.49% | 396,000 | 0.19% |
| Pett | | | | |
| (Finance | | | | |
| Director) | | | | |
+------------+------------+------------+------------+-------------+
| | | | | |
| Total | 4,500,000 | 2.21% | 14,874,457 | 7.31% |
+------------+------------+------------+------------+-------------+
These options enable the Executive Directors to benefit only from the future
growth in the value of the Ordinary Shares above 10.25 pence. The Executive
Directors may not normally realise any such benefit for three years and the
Options expire ten years after being granted. The directors hold no other
options in the Group.
For further information or enquiries:
+---------------------+---------------------+-----------------------+
| J.A.F. Walker | D.J. Pett | R. Kauffer |
+---------------------+---------------------+-----------------------+
| SWP Group plc | SWP Group plc | KBC Peel Hunt |
| Chairman | Director of Finance | Nominated Adviser and |
| | | Broker |
+---------------------+---------------------+-----------------------+
| | | |
+---------------------+---------------------+-----------------------+
| | | |
+---------------------+---------------------+-----------------------+
| Tel: 01353 723 270 | Tel: 01353 723 270 | Tel: 0207 418 8900 |
+---------------------+---------------------+-----------------------+
| | | |
+---------------------+---------------------+-----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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