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Grant of Share Options

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RNS Number : 7424Z
RTC Group PLC
17 March 2017
 

17 March 2017

RTC Group plc

("RTC" or the "Company")

Grant of Share Options

RTC announces the grant of share options ("Options") over a total of 234,286 existing ordinary shares of one penny each in the Company ("Ordinary Shares") to members of the Group's Board. The Ordinary Shares over which the Options have been granted are held in the Group's Employee Benefit Trust. The Options were granted under the Company's Long-Term Incentive Plan ("LTIP") on 17 March 2017 as follows:

Name

Position

No. of Options granted

Total no. of Options now held

% of issued share capital

W J C Douie

Executive Chairman

28,571

182,143

1.3%

A M Pendlebury

Chief Executive Officer

120,000

473,572

3.3%

S L Dye

Group Finance Director

85,715

396,073

2.7%

 

 

234,286

1,051,788

7.3%

 

The exercise of the Options is subject to the achievement of the performance conditions set out within the LTIP.

The exercise price of the Options is nil pence per share. The market price at date of grant, which equates to the closing middle market price of an Ordinary Share as at the close of business on 16 March 2017, is 52.5p.  Subject to the achievement of performance conditions as indicated above, the options can be exercised at any time from 17 March 2020 to 17 March 2027. 

 

~ Ends ~

Enquiries:

RTC Group plc

Bill Douie, Executive Chairman

Andy Pendlebury, CEO

Sarah Dye, Group Finance Director

 

 

Tel:  01332 861 844

 

 

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis / Mark Brady

www.Sparkadvisorypartners.com

Tel:   0203 368 3550

Whitman Howard Limited (Broker)

Nick Lovering / Francis North

www.Whitman-howard.com

Tel: 020 7659 1234

 

About RTC

RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.

ATA is one of the UK's leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.

Ganymede is focussed on the supply and operation of blue collar contingent labour into safety critical markets.

Global Staffing Solutions predominantly provides managed service solutions for international clients.

www.rtcgroupplc.co.uk

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Quick facts: RTC Group PLC

Price: 52.5

Market: AIM
Market Cap: £7.69 m
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