JAYWING PLC

Remuneration Information • Sep 30, 2016

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RNS Number : 3951L

Jaywing PLC

30 September 2016

Date:                     Friday 30  September 2016

On behalf of:     Jaywing plc ("the Company" or "the Group")

Jaywing plc

("Jaywing" or "the Company")

Grant of options  

Director/PDMR Shareholding

The Company announces the following grants of options to its Executive Directors (the "New Options") under its performance share plan ("PSP"):

Director	Position	Options vested under previous scheme	Number of New Options granted	Exercise price	Total number of options held following grant
Rob Shaw	CEO UK & Australia	124,869	1,591,054	5p	1,715,923
Adrian Lingard	COO	61,000	1,156,303	5p	1,217,303
Michael Sprot	CFO	-	710,000	5p	710,000
Martin Boddy	CEO	-	496,000	5p	496,000
Andy Gardner	CSO	-	496,000	5p	496,000
Total		185,869	4,449,357		4,635,226

The grants to Rob Shaw (CEO UK & Australia) and Adrian Lingard (COO) follow their appointment to the Board of Jaywing in July 2015 and aim to provide a suitable long term incentive. The grant to Michael Sprot reflects his promotion to CFO. The New Options granted to Martin Boddy, Andy Gardner and Michael Sprot replace the options previously granted to them in March 2015 which have now been cancelled. The New Options issued to Rob Shaw and Adrian Lingard replace 566,131 and 348,000 respectively of their previous options which had not vested and have now been cancelled. Vested options not yet exercised from a previous scheme for Rob Shaw and Adrian Lingard amount to 124,869 and 61,000 respectively.  The grants of New Options are designed to align incentives for all the Executive Directors to the longer term interests of shareholders.

These grants had previously been considered by the Remuneration Committee prior to the Company entering into a close period relating to the recently announced acquisitions, and are now being granted following the end of the close period.

The New Options have a number of vesting criteria designed to retain and incentivise the Executive Management team. Vesting criteria includes EBITDA growth, share price targets and ongoing commitment to the business. The New Options vest over a three year period to 31 July 2019 and are exercisable until 31 July 2020.

Following the grant of New Options the total number of options outstanding is 8,235,739  representing approximately 9.5 per cent of the Company's existing issued share capital being 86,359,385 ordinary shares.

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

Name

Rob Shaw

2

Reason for the notification

a)

Position/status

Chief Executive Officer / Director and a PDMR

b)

Initial notification/

Amendment

Initial notification

3

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

a)

Name

Jaywing plc

b)

LEI

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

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
	£0.05 option exercise price	1,591,054

d)

Aggregated information

-       Aggregated volume

-       Price

N/A

e)

Date of the transaction

30 September 2016

f)

Place of the transaction

London Stock Exchange

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)

Name

Adrian Lingard

2

Reason for the notification

a)

Position/status

Chief Operating Officer / Director and a PDMR

b)

Initial notification/

Amendment

Initial notification

3

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

a)

Name

Jaywing plc

b)

LEI

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

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
	£0.05 option exercise price	1,156,303

d)

Aggregated information

-       Aggregated volume

-       Price

N/A

e)

Date of the transaction

30 September 2016

f)

Place of the transaction

London Stock Exchange

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)

Name

Michael Sprot

2

Reason for the notification

a)

Position/status

Chief Financial Officer / Director and a PDMR

b)

Initial notification/

Amendment

Initial notification

3

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

a)

Name

Jaywing plc

b)

LEI

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

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
	£0.05 option exercise price	710,000

d)

Aggregated information

-       Aggregated volume

-       Price

N/A

e)

Date of the transaction

30 September 2016

f)

Place of the transaction

London Stock Exchange

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)

Name

Martin Boddy

2

Reason for the notification

a)

Position/status

Chief Executive Officer / Director and a PDMR

b)

Initial notification/

Amendment

Initial notification

3

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

a)

Name

Jaywing 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

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
	£0.05 option exercise price	496,000

d)

Aggregated information

-       Aggregated volume

-       Price

N/A

e)

Date of the transaction

30 September 2016

f)

Place of the transaction

London Stock Exchange

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)

Name

Andy Gardner

2

Reason for the notification

a)

Position/status

Chief Strategy Officer / Director and a PDMR

b)

Initial notification/

Amendment

Initial notification

3

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

a)

Name

Jaywing plc

b)

LEI

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

Identification code

Ordinary Shares of 5p each in Jaywing plc ("Shares")

ISIN: GB00B1FPT107

b)

Nature of the transaction

Grant of options under the Jaywing plc Performance Share Plan

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
	£0.05 option exercise price	496,000

d)

Aggregated information

-       Aggregated volume

-       Price

N/A

e)

Date of the transaction

30 September 2016

f)

Place of the transaction

London Stock Exchange

Enquiries:

Jaywing plc

Michael Sprot (Company Secretary)                        Tel: 0114 281 1200

Cenkos Securities plc

Ivonne Cantu/Callum Davidson(Nomad)              Tel: 0207 397 8920

This information is provided by RNS

The company news service from the London Stock Exchange

END

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