SWP Group PLC Director/PDMR Shareholding (7202I)
27 July 2012 - 11:49PM
UK Regulatory
TIDMSWP
RNS Number : 7202I
SWP Group PLC
27 July 2012
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 26(th) July 2012, 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 6,500,000
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 5.0 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 Ordinary Total No. No. of options No. of No. of
Ordinary Shares subject of Ordinary currently Ordinary Ordinary
Shares subject to Options Shares subject held as a Shares Shares
to Options previously to Options percentage currently currently
granted under granted under granted under of the held held as a
the Unapproved the Unapproved the Unapproved Company's percentage
Plan Plan Plan issued capital of the
Company's
issued share
capital
-------------- --------------- ---------------- ---------------- --------------- --------------- ---------------
Colin Stott
(Executive
Director) 2,000,000 2,000,000 4,000,000 1.97% 250,000 0.12%
-------------- --------------- ---------------- ---------------- --------------- --------------- ---------------
Alan Walker
(Executive
Chairman) 1,750,000 1,500,000 3,250,000 1.60% 14,478,457 7.02%
-------------- --------------- ---------------- ---------------- --------------- --------------- ---------------
David Pett
(Finance
Director) 1,000,000 1,000,000 2,000,000 0.98% 396,000 0.19%
-------------- --------------- ---------------- ---------------- --------------- --------------- ---------------
Other Senior
Executives 1,750,000 - 1,750,000 - - -
-------------- --------------- ---------------- ---------------- --------------- --------------- ---------------
Total 6,500,000 4,500,000 11,000,000 - - -
-------------- --------------- ---------------- ---------------- --------------- --------------- ---------------
These options enable the Executive Directors to benefit only
from the future growth in the value of the Ordinary Shares above
5.0 pence. The Executive Directors may not normally realise any
such benefit for three years and the Options expire ten years after
being granted.
For further information or enquiries:
J.A.F. Walker D.J. Pett R. Kauffer
SWP Group plc SWP Group plc Peel Hunt LLP
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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