AFH Financial Group Plc Grant of Options (0871N)
27 Janvier 2016 - 8:00AM
UK Regulatory
TIDMAFHP
RNS Number : 0871N
AFH Financial Group Plc
27 January 2016
27 January 2016
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Grant of Options
The Board of AFH, a leading financial planning led investment
management firm, announces the granting of an aggregate of 315,000
options to subscribe for new ordinary shares of 10 pence each in
the Company, divided into 35,000 options which have been granted to
the Non-Executive Directors of the Company today and 280,000
options which are expected to be granted to the Executive Directors
of the Company before the end of February.
35,000 options have been granted to the Company's Non-Executive
Directors on 26 January 2016 and are granted as unapproved share
options. These options have an exercise price of 171.5 pence per
share, which is equivalent to the closing mid-market price on 26
January 2016, and vest on the third anniversary of the grant date.
These options are not subject to performance conditions.
The Board also intends to grant 280,000 options to the Company's
Executive Directors under a growth share scheme which the Company
is putting in place. These options will be granted once the Company
receives HMRC approval of the growth share plan. This is expected
to be received by the end of February 2016. The exercise price of
these options will be the closing price on the day before the HMRC
approval and the grant is made and a further announcement will be
made in due course.
The options issued and to be issued to the directors are
detailed below:
Name Number Type of Total Per cent.
of Options grant number of current
granted of Options issued
/ to be held following share
granted grant capital
------------------- ------------ --------------- ---------------- ------------
John Wheatley
(Non-Executive Unapproved
Chairman) 15,000 share options 58,585 0.24%
------------------- ------------ --------------- ---------------- ------------
Sue Lewis
(Non-Executive Unapproved
Director) 10,000 share options 35,000 0.15%
------------------- ------------ --------------- ---------------- ------------
Mark Chambers
(Non-Executive Unapproved
Director) 10,000 share options 10,000 0.04%
------------------- ------------ --------------- ---------------- ------------
Alan Hudson
(Chief Executive Growth
Officer) 100,000 Share Scheme 250,000 1.04%
------------------- ------------ --------------- ---------------- ------------
Paul Wright
(Chief Financial Growth
Officer) 60,000 Share Scheme 310,000 1.29%
------------------- ------------ --------------- ---------------- ------------
Austin Broad
(Executive Growth
Director) 60,000 Share Scheme 146,420 0.61%
------------------- ------------ --------------- ---------------- ------------
Alexis James
(Executive Growth
Director) 60,000 Share Scheme 161,420 0.67%
------------------- ------------ --------------- ---------------- ------------
Total 315,000 - 971,425 4.04%
------------------- ------------ --------------- ---------------- ------------
The growth share scheme options will vest on the third
anniversary of the Grant Date and are subject to performance
conditions.
Following the grant of the options the total number of options
outstanding to subscribe for new ordinary shares in the Company,
will be 2,159,007 representing 8.98% of the Company's current
issued share capital of which 971,425, representing 4.04% of the
Company's current issued share capital, are held by existing
directors of AFH.
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
www.afhfinancialgroup.com
Allenby Capital Limited 020 3328 5656
Nick Naylor/Nick Athanas (Nominated Adviser and Broker)
Chris Crawford (Corporate Broking)
Yellow Jersey PR Limited 07768 537 739
Dominic Barretto
Aidan Stanley
This information is provided by RNS
The company news service from the London Stock Exchange
END
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