Patisserie Hldgs PLC - Clarification regarding LTIP Scheme

Paul May

Year of Grant

Number of Options granted

Exercisable Period

Status

2014

1,000,000

June 2017 - June 2019

Exercised at 170p as announced on 07 February 2018

2015

1,000,000

June 2018 - June 2020

Exercised at 316p as announced on 20 July 2018

2016

1,000,000

June 2019 - June 2021

Remain unvested and are now considered by the Company as being unlikely to become exercisable under the rules of the LTIP

 

Chris Marsh

Year of Grant

Number of Options granted

Exercisable Period

Status

2014

666,666

June 2017 - June 2019

Exercised at 170p as announced on 02 February 2018

2015

666,666

June 2018 - June 2020

Exercised at 316p as announced on 20 July 2018

2016

666,666

June 2019 - June 2021

Remain unvested and are now considered by the Company as being unlikely to become exercisable under the rules of the LTIP

 

The Company¸ as part of the ongoing investigation, is seeking to understand why the grant of options relating to 2015 and 2016 have not been appropriately disclosed and accounted for in its financial statements.