11 December 2014
NAHL GROUP PLC
(the "Company")
Notification of Interests of Directors
The Company announces the following changes to the interests of Directors in the Company's ordinary shares ("Shares") as a result of the cancellation and re-grant of Share options to those Directors.
The cancellation and re-grant of such options has been made as a consequence of an administrative error in failing to make certain notifications to HM Revenue & Customs within the required time period in respect of options granted under the Company's EMI (Enterprise Management Incentive) Plan. As a result, these Share options, as set out in the Company's AIM Admission Document dated 23 May 2014, have today been cancelled and re-granted at the same exercise price.
On 11 December 2014, the following Share options previously granted to two of its Directors were cancelled:
Name | Number of Share options issued under EMI Plan | Exercise price per Share |
Russell Atkinson (CEO) | 124,999 | £2.00 |
Steve Dolton (CFO) | 124,999 | £2.00 |
On 11 December 2014, the Company granted the following replacement Share options to those same Directors:
Name | Number of Share options issued under EMI Plan | Number of Share options issued under an unapproved Option Plan | Exercise price per Share under both plans |
Russell Atkinson (CEO) | 115,409 | 9,590 | £2.00 |
Steve Dolton (CFO) | 115,409 | 9,590 | £2.00 |
The Share options will continue to vest on the date on which the Company makes a preliminary announcement to shareholders via a regulated information service in respect of its results for its financial year ending on 31 December 2016, subject to the attainment of EPS-related performance conditions.
There is no change to the Company's LTIP and SAYE plans,
For further information please call:
NAHL Group PLC | via FTI Consulting |
Russell Atkinson (CEO) | Tel: +44 (0) 20 3727 1000 |
Steve Dolton (CFO) |
Execution Noble & Co Limited (Nominated Adviser & Broker) | Tel: +44 (0) 20 7456 9191 |
John Llewellyn-Lloyd | |
Erik Anderson | |
Harry Stockdale |
FTI Consulting (Financial PR) | Tel: +44 (0) 20 3727 1000 |
Oliver Winters | |
Alex Beagley James Styles |
Notes to Editors
NAHL Group
NAHL is a leading UK consumer marketing business focused on the UK personal injury market, advertising through its core brand - National Accident Helpline. Having been established in 1993, the Group's business has grown to become the largest outsourced marketing services provider to the personal injury market - a market which is valued at approximately £3 billion in fees generated mainly by law firms. NAHL's core business model is based on enquiry origination through direct response marketing, connecting claimants who have been injured in non-fault accidents with specialist law firms.
More information is available at www.nahlgroupplc.co.uk and www.national-accident-helpline.co.uk