Remuneration Information • Apr 28, 2015
Remuneration Information
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RNS Number : 5893L
Portmeirion Group PLC
28 April 2015
Portmeirion Group PLC
(the "Company")
(the "Group")
Executive Share Option Grants
and
Directors' Dealings
28 April 2015
Executive Share Option Grants
The Company announces that, on 27 April 2015, it granted options to Directors and senior managers over a total of 165,000 Ordinary Shares pursuant to The Portmeirion 2012 Approved Share Option Plan and The Portmeirion 2012 Unapproved Share Option Plan (the '2012 Plans'). The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the 2012 Plans. The options granted on 27 April 2015 are normally only exercisable if the increase in the average of the Group's basic adjusted (for changes in accounting standards and exceptional items) earnings per share for each of the three years ending 31 December 2015, 31 December 2016 and 31 December 2017 is at least 10% higher than that for the year ended 31 December 2014.The following Directors of the Company were granted options as detailed below:
| Number of options granted | Exercise price per Ordinary Share | Exercise period | |
| Philip Atherton | 33,000 | £9.35 | 28 April 2018 - 26 April 2025 |
| Lawrence Bryan | 49,500 | £9.35 | 28 April 2018 - 26 April 2025 |
| Brett Phillips | 33,000 | £9.35 | 28 April 2018 - 26 April 2025 |
The total number of Ordinary Shares over which each Director holds options following this notification is:
| Total number of options over Ordinary Shares |
|
| Philip Atherton | 94,494 |
| Lawrence Bryan | 159,473 |
| Brett Phillips | 96,027 |
Directors' Dealings
The Company also announces that it was notified that The Portmeirion Employees' Share Trust (the 'Trust') on 27 April 2015 purchased 119,377 Ordinary Shares from Lawrence Bryan at a price of £9.35 per Ordinary Share and 30,000 Ordinary Shares from Brett Phillips (10,000 in his name and 20,000 registered in the name of his wife, Delia Phillips) at a price of £9.35 per Ordinary Share. Following the sale, the Directors hold a beneficial interest in the following number of Ordinary Shares:
| Total number of Ordinary Shares held |
% of the issued share capital of the Company with voting rights | |
| Lawrence Bryan | 124,228 | 1.16% |
| Brett Phillips | 90,548 | 0.84% |
The remainder of the Ordinary Shares required to satisfy the above share option grants will be newly issued shares or shares transferred from those held in treasury by the Company.
ENQUIRIES:
| Portmeirion Group PLC: | ||
| Dick Steele Non-executive Chairman |
+44 (0) 1782 744 721 | [email protected] |
| Brett Phillips | +44 (0) 1782 744 721 | [email protected] |
| Group Finance Director | ||
| Bell Pottinger | ||
| Dan de Belder | +44 (0) 203 772 2561 | [email protected] |
| Kashara Taylor | +44 (0) 203 772 2593 | [email protected] |
| Panmure Gordon (Nominated Adviser and Broker) | +44 (0) 207 886 2500 | |
| Freddy Crossley / Duncan Monteith | Corporate Finance | |
| Tom Salvesen / Maisie Atkinson | Corporate Broking |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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