Issue of Options under the LTIP
Personal Group Holdings Plc (AIM: PGH), a leading provider of employee benefits, employee related insurance products and financial services in the UK, announces the issue of share options in relation to the Company’s Long Term Incentive Plan (“LTIP”).
As announced on 18 December 2012, the Company stated that it had implemented an LTIP to reward directors and certain other senior employees in a way that aligns the interests of LTIP participants with the interests of shareholders, as well as with the Group’s long-term strategic plan. Details of this are disclosed in the Group’s interim statement for the period ended 30 June 2017.
The Company has awarded Mike Dugdale, the Company’s Chief Financial Officer, an option over 46,351 Ordinary Shares under the Company’s LTIP which can be exercised in the next year at an exercise value of nil. The award was subject to the achievement of certain performance conditions in relation to the increase in the market capitalisation of the Company.
The above does not change Mike Dugdale‘s shareholding and so he retains an interest in 67,654 ordinary shares of 5p each, including his wife’s holding of 13,490 shares, representing 0.220% of the issued ordinary share capital of the Company.