ARM Holdings plc
4 August 2014
Announcement of Option Grants and Vesting under the ARM Holdings plc Savings-Related Share Option (SAYE) Scheme
ARM Holdings plc "the Company" announces that options over ordinary shares were granted under the Company's SAYE Scheme to each of the following Directors and PDMRs:
Name | Number of share options granted on 27 June 2014 | Total options held including this grant |
Patricia Alsop | 2,450 | 2,450 |
Peter Hutton | 3,267 | 4,649 |
Andy Smith | 4,084 | 4,084 |
The option price was 734.4 pence per share representing a 20% discount to the mid- market quotation of the Company's shares on the London Stock Exchange on 29 May 2014. The related savings contracts commenced on 1 August 2014 and the options are exercisable from 1 August 2017. The mid-market closing price on the day of grant was 881.5 pence per share.
The Company also announces that the vesting of options previously granted to a director and a PDMR under the SAYE scheme took place on 1 August 2014 as follows:
Name | Number of share options vested | Option price per share (pence) | Resultant number of shares held |
Tim Score | 18,208 | 85.4 | 883,032 |
Patricia Alsop | 2,021 | 446.4 | 164,171 |
In addition Philip David, who is a PDMR of the Company, is entitled to exercise an option over 2,021 shares at an option price of 446.4 pence per share which, when exercised will take his holding to 95,426 shares.
ENDS
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