WH Ireland Group Plc
(“WH Ireland” or the “Company”)
Issue of Options
WH Ireland confirms today that it has issued options over 250,000 ordinary shares in the Company, to Stephen Ford, Executive director (elect) of the Company, and its Head of Private Wealth Management, pursuant to the terms of his contract of employment with the Company (the “Options”).
The Options are being granted under the rules of the Long Term Incentive Plan 2017, have an exercise price of 49p and vest on the third anniversary of the date of grant; they can then be exercised at any time for a period of ten years. They remain, however, conditional on the continued employment of the recipient at the date of vesting.
In accordance with the agreement with Polygon Global Partners LLP (“Polygon”), announced on 17 October 2017, Polygon has consented to the issue of these share options.
Following the issue of the options set out in the table below, the total interest in shares and options held by Stephen Ford is:
|
Name of PDMR |
Total Options Held |
Total Equity Held |
|
Stephen Ford |
400,000 |
375,000* |
*including 93,827 held by his wife.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities |
|||||||
|
a) |
Name |
Stephen Ford |
||||||
|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
Head of Private Wealth Management |
||||||
|
b) |
Initial notification/amendment |
Initial notification |
||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
WH Ireland Group plc |
||||||
|
b) |
LEI |
213800HB9TO5O4WD6S66 |
||||||
|
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 Identification code |
Ordinary shares of 0.5 pence each
GB0009241885 |
||||||
|
b) |
Nature of the transaction |
Market purchases |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information – Aggregated volume – Price |
250,000 49p |
||||||
|
e) |
Date of the transaction |
18 December 2019 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||||
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Phillip Wale, Chief Executive Officer +44(0) 20 7220 1666
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott +44(0) 20 3368 3555
END
MSCLLFLDFLLDLIA