Date: | 14 April 2014 |
On behalf of: | Daisy Group plc (the "Company") |
Embargoed until: | 0700hrs |
Daisy Group plc
Notification of share awards and Director's holdings
Daisy Group plc (AIM: DAY), a leading provider of unified business communications and IT services, announces that on 11 April 2014, in accordance with the rules of the Daisy Group plc Long Term Incentive Plan (the "Plan"), the Company granted awards over 1,330,134 ordinary shares of 2p each in the Company ("Ordinary Shares").
The awards comprise an option to acquire shares at nil cost subject to the rules of the Plan and are subject to performance targets set by the Remuneration Committee.
The awards include an option to acquire 540,541 Ordinary Shares granted to Matthew Riley and an option to acquire 231,081 Ordinary Shares granted to Steve Smith. Such awards will not be aggregated with the existing shareholdings of the above mentioned directors unless and until the awards vest. The awards will become exercisable and vest if the performance targets set by the Remuneration Committee (and all other conditions provided by the Plan rules) become satisfied.
The underlying Ordinary Shares are currently held in the Daisy Group plc Employee Share Ownership Trust and are already admitted to trading on the AIM market of the London Stock Exchange.
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Enquiries:
Daisy Group plc | Tel: 01282 607785 |
David McGlennon, Company Secretary | |
Liberum Capital Limited | Tel: 020 3100 2220 |
Steve Pearce / Tom Fyson | |
Redleaf Polhill | daisy@redleafpr.com |
Emma Kane / Rebecca Sanders-Hewett | Tel: +44 (0)20 7382 4730 |
Notes to Editors:
¡ Daisy Group plc (AIM: DAY) is a leading provider of unified communications and IT services to businesses.
¡ The Group provides unified communications across a product portfolio including data, mobile, systems, maintenance and voice, offering an end to end solution for all business communications needs.
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