FLETCHER KING PLC — Remuneration Information 2021

Oct 5, 2021

National Storage Mechanism | Additional information

RNS Number : 0376O

Fletcher King PLC

05 October 2021

5 October 2021

Fletcher King plc  

("Fletcher King" or "the Company")

Grant of Share Options

The Board of Fletcher King PLC (AIM: FLK) announces that, further to the announcement of 19 October 2016 regarding the introduction of a new Enterprise Management Incentive plan and the announcement of 28 April 2020 regarding the surrender of options, the remuneration committee has today awarded a total of 920,000 options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Directors, PDMRs and employees (the "Options"). The 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 4 October 2021, being 50 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 and PDMRs who have been awarded Options are as follows:

Name	Position/PDMR	Number of Options granted
Robert Dickman	Executive Director	250,000
Paul Andrews	Managing Director	250,000
Peter Bailey	Finance Director	200,000
Paul Morris	PDMR	100,000

In aggregate, the 800,000 Options granted to the Directors and PDMRs represent approximately 8.69 per cent. of the current issued share capital of the Company.

In addition, a further 120,000 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 920,000 representing approximately 9.99 per cent. of the Company's issued share capital.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

Enquiries

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

Cairn Financial Advisers LLP

James Caithie / Liam Murray

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

a) Robert Dickman

b) Paul Andrews

c) Peter Bailey

d) Paul Morris

Reason for notification

Position/Status

a) Executive Director

b) Managing Director

c) Finance Director

d) Director of subsidiary company

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)

a) 50p

b) 50p

c) 50p

d) 50p

a) 250,000

b) 250,000

c) 200,000

d) 100,000

Aggregated information

- Aggregated Volume

- Price

800,000

50p

Date of the transaction

5 October 2021

Place of the transaction

UK

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