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Bonmarche Holdings - Grant of Options under Long Term Incentive Plan
RNS Number : 1494A
Bonmarche Holdings PLC
24 September 2015
 

24 September 2015

 

Bonmarché Holdings plc

("Bonmarché" or the "Company")

Grant of Options under the Bonmarché Long Term Incentive Plan ("LTIP")

  

Bonmarché, one of the UK's largest women's value retailers, announces that, following approval of the LTIP by shareholders at the Company's AGM held on 30 July 2015, nil-cost options over the Company's Ordinary Shares of 1.0 pence each ("Ordinary Shares") were granted today to the following Directors of the Company:

 

 

Director

Number of Ordinary Shares over which options have been granted

Beth Butterwick

51,020

Stephen Alldridge

34,013

 

 

The options granted have a vesting period of three years, may be exercised up to the tenth anniversary of grant, and have no exercise price. Performance conditions apply such that 75% of the award has targets based on EPS performance over three years; and 25% of the awards have targets based on Total Shareholder Return performance over three years.

 

- Ends -

Bonmarché Holdings plc c/o FTI

Beth Butterwick, Chief Executive

Stephen Alldridge, Finance Director

 

+44 (0)20 3727 1000

FTI Consulting - Communications adviser

Jonathon Brill, Josephine Corbett

 

+44 (0)20 3727 1109

Investec Bank plc - Nominated adviser and broker

Garry Levin, David Flin, David Anderson, Duncan Williamson

 

+44 (0)20 7597 4000

 Notes to Editors: 

Bonmarché is one of the UK's largest women's value retailers, focused on selling stylish, affordable, premium quality clothing and accessories in a wide range of sizes for women over 50 years old, via its own store portfolio, website, mail order catalogues and through the Ideal World TV shopping channel. Established in 1982, Bonmarché has more than 30 years of experience in this growing market segment, operating across the UK


This information is provided by RNS
The company news service from the London Stock Exchange
 
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