Grant of share options
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Grant of Share Options and Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
Castings plc ("the Group"), announces that the board has today made a grant of nominal value share options over 42,525 ordinary shares in the Group ("Options") pursuant to the Castings 2020 Restricted Share Plan as follows:
- A Vicary - 24,619 Options
- S J Mant - 17,906 Options
The awards vest after three years conditional on the option holder remaining with the Group during the performance period. Following the exercise of the Options there is an additional two-year holding period for the shares. The Option holder shall be entitled to receive an amount (in cash or shares) equal to any dividend which would have been paid on the Option shares during the holding period.
If all of the Options were exercised in full, this would represent approximately 0.10% of the Group's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Adam Vicary 2. Steven Mant |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Office 2. Group Finance Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Castings plc |
| b) | LEI | 2138004LKVACAUE94W70 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence each GB0001795680 |
| b) | Nature of the transaction | Grant of share options under the Castings 2020 Restricted Share Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 2. Nil 1. 24,619 2. 17,906 |
| d) | Aggregated information - Aggregated volume - Price | N/A - Singe transaction |
| e) | Date of the transaction | 10 July 2024 |
| f) | Place of the transaction | Grant of options occurred outside a trading venue |
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