PORTMEIRION GROUP PLC RNS Number: 9752K Portmeirion Group PLC
22 April 2015
Portmeirion Group PLC (the "Company")
Deferred Incentive Share Option Grants & Exercises
The Company announces that, on 21 April 2015, it granted options to Executive Directors over a total of 4,457 ordinary shares of 5 pence each in the Company ("Ordinary Shares") pursuant to The Portmeirion Group 2010 Deferred Incentive Share Option Plan (the "Plan"). The following Directors of the Company were granted options as detailed below:
Number of options granted
Total exercise price
Exercise period
Philip Atherton 1,102 £1 22 April 2018 - 20 July 2018
Lawrence Bryan 2,034 £1 22 April 2018 - 20 July 2018
Brett Phillips 1,321 £1 22 April 2018 - 20 July 2018
The Company in addition announces that on 21 April 2015, the following Executive Directors exercised options which were granted on 20 April 2012 under the Plan to subscribe for a total of
11,608 Ordinary Shares as detailed below:
Number of options exercised
Total exercise price
Lawrence Bryan 7,369 £1
Brett Phillips 4,239 £1
Brett Phillips also exercised options under The Portmeirion 2002 Share Option Scheme on 21 April
2015 to subscribe for a total of 10,000 Ordinary Shares at an exercise price of £4.875 each. Other employees of the Group exercised options under The Portmeirion 2002 Share Option
Scheme at the same time to subscribe for a total of 15,760 Ordinary Shares at an exercise price of £4.875 each.
Accordingly, the Company has issued 15,000 new Ordinary Shares and transferred 22,368
Ordinary Shares from shares held in treasury by the Company in respect of all of the above exercises. Application has been made for 37,368 Ordinary Shares to be admitted to trading on AIM ("Admission") and trading of these shares is expected to commence on or around 28 April
2015.
The total number of Ordinary Shares which each Executive Director holds following this notification (including the shares above) is:
Total number Ordinary Shares held following Admission
% of issued share capital following Admission
Philip Atherton - - Lawrence Bryan 243,605 2.27
Brett Phillips 120,548 1.12
Following Admission, the total number of Ordinary Shares held by the Company in treasury is
260,020, and the Company will have 11,003,154 Ordinary Shares in issue and 10,743,134
Ordinary Shares with voting rights.
ENQUIRIES:
Portmeirion Group PLC: Dick Steele
Non-executive Chairman
+44 (0) 1782 744 721 steele_clan@msn.com
Brett Phillips +44 (0) 1782 744 721 bphillips@portmeiriongroup.com
Group Finance Director
Bell Pottinger
Dan de Belder +44 (0) 203 772 2561 ddebelder@bellpottinger.com
Kashara Taylor +44 (0) 203 772 2593 ktaylor@bellpottinger.com
Panmure Gordon (Nominated Adviser and Broker)
+44 (0) 207 886 2500
Freddy Crossley / Duncan Monteith Corporate Finance
Tom Salvesen / Maisie Atkinson Corporate Broking
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