Source - RNS
RNS Number : 8234L
Stanley Gibbons Group PLC
06 October 2016
 

 THE STANLEY GIBBONS GROUP PLC

(the "Company" or the "Group")

Grant of Options

The Stanley Gibbons Group Plc (AIM:SGI) announces that on 5 October 2016, the Company granted options ("Options") over a total of 14,760,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Stanley Gibbons Group Share Option Plan 2010. Of these Options, 6,600,000 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 8,160,000 granted to other employees.

The Options are exercisable at 11.0 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 4 October 2016. The Options shall vest and may be exercised at any time on or after 5 October 2019, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides 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)

Names

HG Wilson - Executive Chairman

A Cook - Chief Finance Officer

AM Gee - Group Chief Operating Officer

KAM Heddle - Investment Sales Director

MW Peterlechner - Group Marketing Director

JW Harvey - Chief Executive, Interiors Division

GHS Bailey - Chairman, Interiors Division

NK Clare - Group HR Director

JP Spencer - Group Financial Controller

RK Purkis - Group Secretary

2.               

Reason for the Notification

a)

Position/status

See 1(a) above for positions - all classified as PDMRs of the Company

b)

Initial notification/ Amendment

Initial Notification

3.   

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

a)

Name

The Stanley Gibbons Group 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

In each case, the grant of Options over Ordinary Shares on 5 October 2016

 

Identification code

GB0009628438

b)

Nature of the transaction

Grant of Options over Ordinary Shares

 

c)

Price(s) and volume(s)

Price: n/a

Volumes(s):

HG Wilson - Options over 2,000,000 Ordinary Shares

A Cook - Options over 2,000,000 Ordinary Shares

AM Gee - Options over 400,000 Ordinary Shares

KAM Heddle - Options over 400,000 Ordinary Shares

MW Peterlechner - Options over 400,000 Ordinary Shares

JW Harvey - Options over 400,000 Ordinary Shares

GHS Bailey - Options over 400,000 Ordinary Shares

NK Clare - Options over 200,000 Ordinary Shares

JP Spencer - Options over 200,000 Ordinary Shares

RK Purkis - Options over 200,000 Ordinary Shares

d)

Aggregated information:

·     Aggregated volume

·     Price

n/a

e)

Date of the transaction

5 October 2016

f)

Place of the transaction

Outside a trading venue

 

For further information, contact:

The Stanley Gibbons Group plc

Harry Wilson

Andrew Cook

 

+44 (0)1534 766 711

finnCap Ltd (Nomad & Broker)

Stuart Andrews / Christopher Raggett (corporate finance)

Tim Redfern / Simon Johnson (corporate broking)

+44 (0)20 7220 0500

 

 


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