Company Announcements

Director Dealings, Share Options & Shares

Wednesday, November 19, 2014


Directors' dealings – grant and exercise of options and allotment of shares

Sigma Capital Group plc, the residential and urban regeneration specialist, notifies that on 19 November 2014 the following options over ordinary shares of 1p each in the Company (“Options”) were granted to certain Directors, exerciseable at 68p per Share (being the closing mid-market price on 18 November 2014) between the third and tenth anniversary of grant.  The Company has also today received notice from Duncan Sutherland to exercise options over 118,500 ordinary shares of 1 pence each in the capital of the Company (“Ordinary Shares”) at an exercise price of 7.5p per Ordinary Share:

Director

Number of
Options granted

Number of  
Options exercised

Resultant
holding of Options

Graham Barnet, Chief Executive

250,000

-

364,286

Graeme Hogg, Chief Operating Officer

264,503

-

597,360

Duncan Sutherland, Regeneration Director

64,503

118,500

238,860

Gwynn Thomson, Property Investment Director

200,000

-

488,095

 

In addition, the Company has received notice for the exercise of options over a further 10,000 Ordinary Shares at an exercise price of 8p per Ordinary Share. Both these options and those exercised by D Sutherland were granted under the Company’s approved share option scheme.

Sigma further notifies that on 19 November 2014 Ordinary Shares of 1p each in the Company were issued and allotted to certain Directors at 68p per share at nil cost to the Directors to compensate for an error in 2013 in the allocation of share options under the Company's approved share option scheme:

Director

Number of
Shares allotted

Number of
Options exercised

Resultant
holding of Shares

Graeme Hogg, Chief Operating Officer

23,067

-

536,496

Duncan Sutherland, Regeneration Director

14,889

118,500

133,389

 

Application has been made for the 128,500 Ordinary Shares issued pursuant to the option exercise and the 37,956 Ordinary Shares allotted to Directors to be admitted to trading on AIM.  

The new Ordinary Shares will rank pari passu with the Company’s existing Ordinary Shares and it is expected that admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 25 November 2014.  Following admission, the Company will have 60,689,431 Ordinary Shares in issue, none of which are in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

Enquiries

Sigma Capital Group plc
Marilyn Cole, Finance Director
T: 0131 220 9444
Company website: www.sigmacapital.co.uk

KTZ Communications
Katie Tzouliadis/ Deborah Walter
T: 020 3178 6378

N+1 Singer
James Maxwell/ Ben Griffiths
T: 0207 496 3000