RNS Number : 7580V
CMO Group PLC
16 December 2021
 

CMO Group PLC

("CMO", the "Company" or "the Group")

Establishment of CSOP & Grant of Options

 

CMO Group PLC, the UK's largest online-only retailer of building materials, confirms the establishment of a new company share option plan (the "CSOP") and the grant of options to certain PDMRs pursuant to the CSOP.

 

The Board recognised the importance of long-term equity incentive schemes as a means to attract, recruit and retain key employees. While the Company has already adopted the CMOStores Group Limited Long Term Incentive Plan, intended for the benefit of executive directors of the Group, the CSOP is intended to ensure all employees are properly incentivised and able to closely identify with the objectives of the Group. It is intended that options granted pursuant to the CSOP will vest subject to standard performance conditions and with an exercise price linked to the prevailing market share price at the time of grant.

 

The Company confirms that following the establishment of the CSOP, it has granted new share options (the "Options") to the following PDMRs of the Group:

 

PDMR

Title

No. of Options granted

Colin Winterburn

Operations Director

6,500

John Boseley

Head of Category

4,500

Nicholas Fisher

Director of Sales & Customer Service

4,500

Amy Hatswell

Head of Human Resources

4,500

 

The Options, which have a ten-year life, have an exercise price of 168 pence and vest on the third anniversary from the date of grant.

 

Enquiries:

CMO Group PLC

Via Instinctif

Dean Murray, CEO


Jonathan Lamb, CFO




Liberum Capital Limited (Nominated Adviser & Broker)

Tel: +44 20 3100 2000

Andrew Godber


Lauren Kettle


Cara Murphy




Instinctif Partners


Justine Warren 

Tel: +44 20 7457 2010

Matthew Smallwood

Tel: +44 20 7457 2005

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Colin Winterburn

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Operations Director

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CMO Group plc

b)

 

LEI

 

 

213800XLXLT3ATYF6A30

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

Ordinary Shares of 1 penny



Identification code

ISIN: GB00BMB5Y385



b)

 

Nature of the transaction

 

 

Grant of Options over Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




168p

6,500












d)

 

Aggregated information



N/A

- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 December 2021

f)

 

Place of the transaction

 

 

Off-market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

John Boseley

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Head of Category

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CMO Group plc

b)

 

LEI

 

 

213800XLXLT3ATYF6A30

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

Ordinary Shares of 1 penny



Identification code

ISIN: GB00BMB5Y385



b)

 

Nature of the transaction

 

 

Grant of Options over Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




168p

4,500












d)

 

Aggregated information



N/A

- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 December 2021

f)

 

Place of the transaction

 

 

Off-market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nicholas Fisher

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director of Sales & Customer Service

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CMO Group plc

b)

 

LEI

 

 

213800XLXLT3ATYF6A30

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

Ordinary Shares of 1 penny



Identification code

ISIN: GB00BMB5Y385



b)

 

Nature of the transaction

 

 

Grant of Options over Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




168p

4,500












d)

 

Aggregated information



N/A

- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 December 2021

f)

 

Place of the transaction

 

 

Off-market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Amy Hatswell

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Head of Human Resources

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

CMO Group plc

b)

 

LEI

 

 

213800XLXLT3ATYF6A30

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

Ordinary Shares of 1 penny



Identification code

ISIN: GB00BMB5Y385



b)

 

Nature of the transaction

 

 

Grant of Options over Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




168p

4,500












d)

 

Aggregated information



N/A

- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

14 December 2021

f)

 

Place of the transaction

 

 

Off-market transaction

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFFMFFIEFSESE