Source - RNS
RNS Number : 3951L
Jaywing PLC
30 September 2016
 

Date:                     Friday 30  September 2016

On behalf of:     Jaywing plc ("the Company" or "the Group")

 

Jaywing plc

("Jaywing" or "the Company")

Grant of options  

Director/PDMR Shareholding

 

The Company announces the following grants of options to its Executive Directors (the "New Options") under its performance share plan ("PSP"):

 

Director

Position

Options vested under previous scheme

Number of New Options granted

Exercise price

Total number
of options
held following
grant

Rob Shaw

CEO UK & Australia

124,869

1,591,054

5p

1,715,923

Adrian Lingard

COO

61,000

1,156,303

5p

1,217,303

Michael Sprot

CFO

-

710,000

5p

710,000

Martin Boddy

CEO

-

496,000

5p

496,000

Andy Gardner

CSO

-

496,000

5p

496,000

Total

 

185,869

4,449,357

 

4,635,226

 

The grants to Rob Shaw (CEO UK & Australia) and Adrian Lingard (COO) follow their appointment to the Board of Jaywing in July 2015 and aim to provide a suitable long term incentive. The grant to Michael Sprot reflects his promotion to CFO. The New Options granted to Martin Boddy, Andy Gardner and Michael Sprot replace the options previously granted to them in March 2015 which have now been cancelled. The New Options issued to Rob Shaw and Adrian Lingard replace 566,131 and 348,000 respectively of their previous options which had not vested and have now been cancelled. Vested options not yet exercised from a previous scheme for Rob Shaw and Adrian Lingard amount to 124,869 and 61,000 respectively.  The grants of New Options are designed to align incentives for all the Executive Directors to the longer term interests of shareholders.

 

These grants had previously been considered by the Remuneration Committee prior to the Company entering into a close period relating to the recently announced acquisitions, and are now being granted following the end of the close period.

 

The New Options have a number of vesting criteria designed to retain and incentivise the Executive Management team. Vesting criteria includes EBITDA growth, share price targets and ongoing commitment to the business. The New Options vest over a three year period to 31 July 2019 and are exercisable until 31 July 2020.

 

Following the grant of New Options the total number of options outstanding is 8,235,739  representing approximately 9.5 per cent of the Company's existing issued share capital being 86,359,385 ordinary shares.

 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation, and gives further detail.

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rob Shaw

2

Reason for the notification

a)

Position/status

Chief Executive Officer / Director and a PDMR

b)

Initial notification/
Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jaywing plc

b)

LEI


4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

 

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)


Price(s)

Volume(s)


£0.05 option exercise price

1,591,054

d)

Aggregated information

-       Aggregated volume

-       Price

 N/A

e)

Date of the transaction

 30 September 2016

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Adrian Lingard

2

Reason for the notification

a)

Position/status

Chief Operating Officer / Director and a PDMR

b)

Initial notification/
Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jaywing plc

b)

LEI


4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

 

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)


Price(s)

Volume(s)


£0.05 option exercise price

1,156,303

d)

Aggregated information

-       Aggregated volume

-       Price

 N/A

e)

Date of the transaction

 30 September 2016

f)

Place of the transaction

London Stock Exchange

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Sprot

2

Reason for the notification

a)

Position/status

Chief Financial Officer / Director and a PDMR

b)

Initial notification/
Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jaywing plc

b)

LEI


4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

 

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)


Price(s)

Volume(s)


£0.05 option exercise price

710,000

d)

Aggregated information

-       Aggregated volume

-       Price

 N/A

e)

Date of the transaction

 30 September 2016

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Boddy

2

Reason for the notification

a)

Position/status

Chief Executive Officer / Director and a PDMR

b)

Initial notification/
Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jaywing plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

 

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)


Price(s)

Volume(s)


£0.05 option exercise price

496,000

d)

Aggregated information

-       Aggregated volume

-       Price

 N/A

e)

Date of the transaction

 30 September 2016

f)

Place of the transaction

London Stock Exchange

 

 



 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andy Gardner

2

Reason for the notification

a)

Position/status

Chief Strategy Officer / Director and a PDMR

b)

Initial notification/
Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jaywing plc

b)

LEI


4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

 

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)


Price(s)

Volume(s)


£0.05 option exercise price

496,000

d)

Aggregated information

-       Aggregated volume

-       Price

 N/A

e)

Date of the transaction

 30 September 2016

f)

Place of the transaction

London Stock Exchange

 



 

 

Enquiries:

Jaywing plc
Michael Sprot (Company Secretary)                        Tel: 0114 281 1200

 

Cenkos Securities plc

Ivonne Cantu/Callum Davidson(Nomad)              Tel: 0207 397 8920


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHMMGFLDGRGVZM

Related Charts

Jaywing (JWNG)

0.00 (0.00%)
delayed 05:00AM