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Stanley Gibbons Group PLC  -  SGI   

Grant of Options

Released 15:52 03-Apr-2018

RNS Number : 6873J
Stanley Gibbons Group PLC
03 April 2018
 

 THE STANLEY GIBBONS GROUP PLC

(the "Company" or the "Group")

Grant of Options

The Stanley Gibbons Group Plc (AIM:SGI) announces that on 3 April 2018, the Company granted options ("Options") over 500,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Stanley Gibbons Group Share Option Plan 2010. These Options were granted to a Person Discharging Managerial Responsibility ("PDMR") on behalf of the Company.

The Options are exercisable at 4.42 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 29 March 2018. The Options shall vest and may be exercised at any time on or after 3 April 2021, 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

Guy Croton

2.               

Reason for the Notification

a)

Position/status

Managing Director - Philatelic Division

PDMR

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

213800M8FE3YYYM9Q615

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

The grant of Options over Ordinary Shares on 3 April 2018

 

Identification code

GB0009628438 SGI

b)

Nature of the transaction

Grant of Options over Ordinary Shares

 

c)

Price(s) and volume(s)

Price: 4.42 pence

Volume: Options over 500,000 Ordinary Shares

d)

Aggregated information:

·     Aggregated volume

·     Price

n/a

e)

Date of the transaction

3 April 2018

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 / Anthony Adams (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
 
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Grant of Options - RNS