Grant of Options under 2018 SAYE Scheme
21 December 2018
Knights Group Holdings plc
Grant of Options under 2018 SAYE Scheme
("Knights", the "Company" or the "Group")
Knights, one of the UK's fastest growing regional legal and professional services businesses, announces the grant of options to employees as part of its Savings-Related Share Option Scheme ("SAYE") for 2018. The scheme is open to all permanent employees, giving them the opportunity to participate in the future growth of the Group via share option arrangements.
Eligible employees were invited to subscribe for options over Knights' ordinary shares of £0.002 each ("Shares") with an exercise price of 161.52p, which represents a 20% discount to the closing middle market price of 201.9p on 23 November 2018 being the trading day before the invitation to participate was made. The options have a contract start date of 1 February 2019 and are exercisable from 36 months thereafter.
A total of 192 employees elected to participate, and pursuant to these elections, options over a total of 900,785 Shares have been granted today. This includes options granted over a total of 71,320 Shares to the following eight employees who are regarded as Persons Discharging Managerial Responsibilities ("PDMR's"):
|
NAME |
SHARES UNDER OPTION IN SAYE
|
|
Andrew Pilkington |
6,686 |
|
Julia Stokes |
4,457 |
|
Kate Lewis |
11,144 |
|
Lisa Bridgwood |
11,144 |
|
Mark Anton-Smith |
11,144 |
|
Nigel Johnson |
11,144 |
|
Philip Marsh |
4,457 |
|
Tom Bower |
11,144 |
|
TOTAL |
71,320 |
Ends
Enquiries
|
Knights |
|
|
David Beech, CEO |
via MHP Communications |
|
Numis (Nominated Adviser and Broker) |
|
|
Stuart Skinner, Kevin Cruickshank, Michael Burke |
+44 20 7260 1000 |
|
MHP Communications (Media enquiries) |
|
|
Andrew Jaques, Katie Hunt, Kelsey Traynor |
+44 20 3128 8100 |
Notes to Editors
Knights is a fast-growing, regional legal and professional services business, ranked within the UK top 100 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all of the key areas of corporate and commercial law so that it can offer end-to-end support to businesses of all sizes and in all sectors. The Company's main focus is on the UK's secondary regional markets, offering 'big city' quality expertise from a regional cost base. Currently, Knights operates from eight offices located in Cheltenham, Chester, Derby, Newcastle-Under-Lyme, Manchester, Wilmslow, Oxford and Leicester.
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