Option Grant

RNS Number : 0817W

finnCap Group PLC

13 August 2020

 

13 August 2020

finnCap Group plc

("finnCap" or the "Group")

Option Grant

As indicated in the announcement of Richard's appointment on 14 February, finnCap today announces the grant of options over 250,000 shares to Richard Snow, an executive director of finnCap, under the finnCap Group plc Company Share Option Plan.  The earliest vesting date for the options is 20 May 2025 and the exercise price is 15.5p, being the market price of finnCap ordinary shares at the date Richard joined finnCap.  The options are subject to performance conditions calculated by reference to the Group's profit before tax over the next five years.

Following this grant of options, Richard Snow continues to have a beneficial interest over 233,333 Ordinary Shares, representing approximately 0.14% of the current total voting rights of the Company and now has options over 250,000 shares. The Company's Ordinary Shares referred to above are finnCap Group plc ordinary shares of 1 penny each and the total number of shares in issue is 171,657,005.

Further details on this are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulation.

Contacts

finnCap Group plc   Tel: [phone]

Sam Smith, Chief Executive Officer  [e-mail]

Richard Snow, Chief Financial Officer

Grant Thornton (Nominated Adviser)      Tel: [phone]

Philip Secrett/Samantha Harrison/Seamus Fricker

finnCap Ltd (Broker)   Tel: [phone]

Rhys Williams

Tim Redfern

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Snow
2	Reason for the notification
a)	Position/status	Director - Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	finnCap Group plc
b)	LEI	213800DLRUJW6JVNS533
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	Ordinary shares
	Identification code	GB00BGKPX309
b)	Nature of the transaction	Grant of options under the finnCap Group plc Company Share Option Plan at an exercise price of 15.5p per share
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	250,000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	13 August 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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