14:03 Fri 01 Jun 2018
Westminster Group - Grant of Share Options
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
('Westminster', the 'Group' or the 'Company')
Grant of share options under the 2017 Share Option Scheme
The Share Options can be exercised at any time from the first anniversary of the date of grant up to the tenth anniversary of that date. Save for a change of control in the Company, the Share Options will only vest if the Company's share price has reached
The Share Options have been granted to Directors of the Company as follows:
On
On
Sir
On
On
The remaining 3,000,000 options have been granted to all
Related Party Transaction
Sir
Sir
Share Options in issue
Following the grant of the Share Options, there is a total of 11,143,000 director and employee share options outstanding, representing 8.9 per cent. of the current issued share capital of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|
a) |
Names |
Sir |
2. |
Reason for the Notification |
|
a) |
Position/status |
See 1(a) above for positions - all classified as PDMRs of the Company |
b) |
Initial notification/ Amendment |
Initial Notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
a) |
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|
b) |
LEI |
213800LU5SW6Q8RDVQ64
|
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 |
In each case, the grant of Options over Ordinary Shares on
|
|
Identification code |
GB00B1XLC220 |
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares
|
c) |
Price(s) and volume(s) |
Price: n/a Volumes:
Sir
|
d) |
Aggregated information: · Aggregated volume · Price |
n/a |
e) |
Date of the transaction |
|
f) |
Place of the transaction |
Outside a trading venue |
Award of share options to Directors of subsidiary companies
|
Company |
Number of Options Awarded |
|
|
100,000 |
|
|
100,000 |
|
|
100,000 |
|
|
100,000 |
|
|
100,000 |
Musayeroh Barrie |
|
100,000 |
Total award |
|
600,000 |
For further information, please contact:
|
Media enquiries via Walbrook PR |
Rt. Hon. Sir |
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|
S.
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020 3470 0470 |
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Walbrook (Investor Relations) |
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020 7933 8780 |
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0797 122 1972 |
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Notes:
Westminster's principal activity is the design, supply and on-going support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations.
This information is provided by RNS, the news service of the
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