Option Surrenders and Grants
2 April 2020
finnCap Group plc
("finnCap" or the "Group")
Option Surrenders and Grants
finnCap today announces the surrender and grant of certain options, as set out further below, which are separate to those announced in the trading update yesterday.
finnCap's lease of new premises in 1 Bartholomew Close commences today, 2 April. Following the commencement of the lease the Group no longer qualifies to grant EMI options. The Board therefore considered whether to make any further final grants of EMI options prior to 2 April.
As approved by the Board, on 1 April, holders of options pursuant to the finnCap Unapproved Plan surrendered options over a total of 3,150,000 shares and finnCap granted options over an equivalent number of shares pursuant to the finnCap EMI Plan. This means that the total number of options granted by the Group remains the same and there will be no additional dilution for shareholders.
Stuart Andrews, an executive director of finnCap, has surrendered options over 300,000 shares and been granted options over the same number on equivalent terms. 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: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer investor.relations@finncap.com
Tom Hayward, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Tim Redfern
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Stuart Andrews |
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2
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Reason for the notification
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a)
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Position/status
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Director - Managing Director, finnCap |
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b)
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Initial notification /Amendment
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Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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finnCap Group plc |
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b)
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LEI
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213800DLRUJW6JVNS533 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares |
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Identification code |
GB00BGKPX309 |
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b)
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Nature of the transaction
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Option surrender under finnCap Unapproved Plan |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil |
300,000 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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1 April 2020 |
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f)
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Place of the transaction
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Outside a trading venue |
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1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
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Stuart Andrews |
|||
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2
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Reason for the notification
|
||||
|
a)
|
Position/status
|
Director - Managing Director, finnCap |
|||
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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 |
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|
|
|
||||
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Identification code |
GB00BGKPX309 |
||||
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|
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b)
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Nature of the transaction
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Grant of options under finnCap EMI Plan |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil |
300,000 |
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d)
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Aggregated information |
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|||
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|
|
||||
|
- Aggregated volume |
N/A |
||||
|
|
|
||||
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- Price |
|
||||
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|
|
||||
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e)
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Date of the transaction
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1 April 2020 |
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f)
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Place of the transaction
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Outside a trading venue |
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