Establishment of CSOP & Grant of Options

RNS Number : 7580V

CMO Group PLC

16 December 2021

 

CMO Group PLC

("CMO", the "Company" or "the Group")

Establishment of CSOP & Grant of Options

CMO Group PLC, the UK's largest online-only retailer of building materials, confirms the establishment of a new company share option plan (the "CSOP") and the grant of options to certain PDMRs pursuant to the CSOP.

The Board recognised the importance of long-term equity incentive schemes as a means to attract, recruit and retain key employees. While the Company has already adopted the CMOStores Group Limited Long Term Incentive Plan, intended for the benefit of executive directors of the Group, the CSOP is intended to ensure all employees are properly incentivised and able to closely identify with the objectives of the Group. It is intended that options granted pursuant to the CSOP will vest subject to standard performance conditions and with an exercise price linked to the prevailing market share price at the time of grant.

The Company confirms that following the establishment of the CSOP, it has granted new share options (the "Options") to the following PDMRs of the Group:

PDMR	Title	No. of Options granted
Colin Winterburn	Operations Director	6,500
John Boseley	Head of Category	4,500
Nicholas Fisher	Director of Sales & Customer Service	4,500
Amy Hatswell	Head of Human Resources	4,500

The Options, which have a ten-year life, have an exercise price of 168 pence and vest on the third anniversary from the date of grant.

Enquiries:

CMO Group PLC	Via Instinctif
Dean Murray, CEO
Jonathan Lamb, CFO
Liberum Capital Limited (Nominated Adviser & Broker)	Tel: [phone]
Andrew Godber
Lauren Kettle
Cara Murphy
Instinctif Partners
Justine Warren	Tel: [phone]
Matthew Smallwood	Tel: [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Colin Winterburn
2	Reason for the notification
a)	Position/status	Operations Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CMO Group plc
b)	LEI	213800XLXLT3ATYF6A30
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 of 1 penny
	Identification code	ISIN: GB00BMB5Y385
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			168p	6,500
d)	Aggregated information
		N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2021
f)	Place of the transaction	Off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Boseley
2	Reason for the notification
a)	Position/status	Head of Category
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CMO Group plc
b)	LEI	213800XLXLT3ATYF6A30
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 of 1 penny
	Identification code	ISIN: GB00BMB5Y385
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			168p	4,500
d)	Aggregated information
		N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2021
f)	Place of the transaction	Off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas Fisher
2	Reason for the notification
a)	Position/status	Director of Sales & Customer Service
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CMO Group plc
b)	LEI	213800XLXLT3ATYF6A30
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 of 1 penny
	Identification code	ISIN: GB00BMB5Y385
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			168p	4,500
d)	Aggregated information
		N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2021
f)	Place of the transaction	Off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Amy Hatswell
2	Reason for the notification
a)	Position/status	Head of Human Resources
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CMO Group plc
b)	LEI	213800XLXLT3ATYF6A30
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 of 1 penny
	Identification code	ISIN: GB00BMB5Y385
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			168p	4,500
d)	Aggregated information
		N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	14 December 2021
f)	Place of the transaction	Off-market transaction

 

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