FLETCHER KING PLC — Remuneration Information 2019

Mar 1, 2019

National Storage Mechanism | Additional information

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RNS Number : 6547R

Fletcher King PLC

01 March 2019

FLETCHER KING PLC

GRANT OF SHARE OPTIONS

Fletcher King plc (the "Company") announces that, further to the announcement of 19 October 2016 regarding the introduction of a new Enterprise Management Incentive plan, the remuneration committee has today awarded a total of 640,000 options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Directors and employees (the "Options"). These Options were granted under the rules of the Company's EMI scheme.

The Options are exercisable at the closing mid-market price of Ordinary Shares ("Market Value") as at 28 February 2019, being 46 pence per Ordinary Share (the "Exercise Price").

The Options are ordinarily exercisable after a minimum period of five years and conditional on the Market Value of an Ordinary Share at the exercise date having been, for the immediately preceding period of 30 trading days, at least 20% higher than the Market Value of a Share at the date of grant.  The Options expire on the tenth anniversary of grant if not exercised.

The Directors who have been awarded Options are as follows:

	Director	Position	Number of Options granted
	Richard Goode	Managing Director	100,000
	Robert Dickman	Executive Director	150,000
	Paul Andrews	Executive Director	150,000

In aggregate, the 400,000 Options granted to the Directors represent approximately 4.34 per cent. of the current issued share capital of the Company.

In addition, a further 240,000 Options were awarded to certain employees of the Company, on the same terms as above.

Following the grant of the Options, the total number of Ordinary Shares outstanding under option arrangements is 1,240,000, representing approximately 13.46 per cent. of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries

Fletcher King plc

David Fletcher

Tel: 0207 493 8400

Cairn Financial Advisers LLP

James Caithie / Tony Rawlinson

Tel: 020 7213 0880

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

Richard Goode

Reason for notification

Position/Status

Director

Initial notification/

Amendment

Initial

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

Name

Fletcher King plc

LEI

	21380047ETCYL7UA8W49

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

Description of the financial instrument, type of instrument

Identification Code

Options over ordinary shares of 10p each

GB0003425310

Nature of the transaction

Grant of Options to subscribe for ordinary shares

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price of 46p per share

100,000

Aggregated information

- Aggregated Volume

- Price

N/A

Date of the transaction

1 March 2019

Place of the transaction

UK

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

Robert Dickman

Reason for notification

Position/Status

Director

Initial notification/

Amendment

Initial

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

Name

Fletcher King plc

LEI

	21380047ETCYL7UA8W49

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

Description of the financial instrument, type of instrument

Identification Code

Options over ordinary shares of 10p each

GB0003425310

Nature of the transaction

Grant of Options to subscribe for ordinary shares

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price of 46p per share

150,000

Aggregated information

- Aggregated Volume

- Price

N/A

Date of the transaction

1 March 2019

Place of the transaction

UK

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

Paul Andrews

Reason for notification

Position/Status

Director

Initial notification/

Amendment

Initial

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

Name

Fletcher King plc

LEI

	21380047ETCYL7UA8W49

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

Description of the financial instrument, type of instrument

Identification Code

Options over ordinary shares of 10p each

GB0003425310

Nature of the transaction

Grant of Options to subscribe for ordinary shares

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price of 46p per share

150,000

Aggregated information

- Aggregated Volume

- Price

N/A

Date of the transaction

1 March 2019

Place of the transaction

UK

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