Director/PDMR Shareholding

RNS Number : 8898G

Just Retirement Group PLC

12 May 2014

 

                                                                                                                                 12 May 2014

                                  Just Retirement Group plc (the "Company")                                          

                                          GRANT OF SAYE SHARE OPTIONS   

Just Retirement Group plc announces that on 12 May 2014 options were granted in accordance with a new Sharesave Scheme over an aggregate of 4,261,320 ordinary shares of 10p each in the share capital of the Company. 

The Sharesave Scheme is an all-employee share option plan, which has been approved by HMRC and is intended to encourage wider employee share ownership of the Company. The level of participation in this first SAYE grant by the Company is close to 65%. 

Options were granted pursuant to 3 and 5 year savings contracts, with maturity dates of 1 June 2017 and 1 June 2019 for 3,180,312 and 1,081,008 ordinary shares respectively. The exercise price was set at 121p per share in accordance with the Scheme rules and the grant of options represents, in aggregate, 0.85% of the Company's existing issued ordinary share capital.   

SAYE share options were granted to the Company's Directors and persons discharging managerial responsibility as follows: 

Name	Position	Share Options Granted
Rodney Cook	Director	14,876
Simon Thomas	Director	14,876
Shayne Deighton	Director	24,793
Steven Kyle	PDMR	14,876
Christopher Berryman	PDMR	14,876
David Cooper	PDMR	24,793
Anne Ridge	PDMR	14,876
Alexander Duncan	PDMR	14,876
Timothy Crayford	PDMR	14,876

This notification is made pursuant to Disclosure and Transparency Rule 3.1.4.

Martin Smith

Group Company Secretary

12 May 2014

 

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