RNS Number : 0372N
Big Yellow Group PLC
03 August 2017
 

3 August 2017

Big Yellow Group PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

1. Nicholas Vetch

2. James Gibson

3. Adrian Lee

4. John Trotman

b)

Position / status

1. Executive Chairman

2. Chief Executive Officer

3. Operations Director

4. Chief Financial Officer

c)

Initial notification / amendment

Initial Notification in each case

2.

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

Ordinary Shares of Big Yellow Group PLC (the "Company").

b)

Nature of the transaction

In each case, on 3 August 2017 the Executive Directors were granted nil paid options over ordinary shares of 10 pence (the "Options") granted under the Company's Long Term Investment Plan. 

The Options are exercisable from 3 August 2020 to 2 August 2027, subject to performance criteria being met.

Each of the messrs Vetch, Gibson, Lee and Trotman were granted the following Options:

1. Mr Vetch:                 35,588

2. Mr Gibson:               39,053

3. Mr Lee:                    28,928

4. Mr Trotman:             28,928

On 3 August 2017, Nicholas Vetch, James Gibson, Adrian Lee and John Trotman were also each granted 3,879 options under the Company's Approved Option scheme.  At the date of exercise, to the extent that there is a gain on the Approved options, LTIP options will be forfeited to the same value. 

c)

Price(s) and volume(s)

Unapproved options

Price(s)

Volume(s)

1. £nil

35,588

2. £nil

39,053

3. £nil

28,928

4. £nil

28,928

Approved options

Price(s)

Volume(s)

1. £7.73

3,879

2. £7.73

3,879

3. £7.73

3,879

4. £7.73

3,879

d)

Aggregated information

Aggregated volume Price

 

e)

Date of the transaction

3 August 2017

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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