Regulatory Story
Go to market news section View chart   Print
RNS
Snoozebox Holdings PLC  -  ZZZ   

Director/PDMR Shareholding

Released 08:00 29-Jun-2016

RNS Number : 6002C
Snoozebox Holdings PLC
29 June 2016
 

 

29 June 2016

Snoozebox Holdings plc

Grant of share options to directors

The Board of Snoozebox Holdings plc ("Snoozebox" or the "Company") (AIM: ZZZ) announces that on 29 June 2016 the following Company Directors were granted options over ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Company's Senior Management Share Option Plan (the "Plan").

Director

Role

Number of options granted over Ordinary Shares

Exercise price

% of Ordinary Shares in issue

Chris Errington

Executive Chairman

7,500,000

1.00 pence

2.5%

Stephen East

Non-Executive Director

1,750,000

1.00 pence

0.6%

Hugh Scrimgeour

Non-Executive Director

1,750,000

1.00 pence

0.6%

 

The exercise price has been set at 1.00 pence, which is the higher of the nominal value of the Company's Ordinary Shares (of 1.00 pence) and the average price at close for the prior five business days (of 0.46 pence).  The exercise price has therefore been set at an approximate 130% premium to the closing share price on the day immediately prior to grant, of 0.43 pence.

The options vest over a two to five year period from the date of grant subject to achievement of performance conditions.  In respect of each Director, 50% of the options granted carry no performance conditions and 50% carry performance conditions aligned to the achievement of the Company's business objectives.

No consideration was paid for the grant of these options.  No other options over shares in the Company are held by the Directors.

The number of Ordinary Shares in issue is 295,175,127 and the Company holds no shares in treasury.

Enquiries:



Panmure Gordon

020 7886 2500

Corporate Finance:


Andrew Godber
Duncan Monteith






Corporate Broking:


Charles Leigh-Pemberton


 

 

 


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


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Director/PDMR Shareholding - RNS