TIDMCRTA

RNS Number : 5483W

Cirata PLC

12 December 2023

12 December 2023

Cirata plc

("Cirata" or the "Company")

Grant of Share Options to PDMRs

Cirata plc (LSE: CRTA), announces that on 8 December 2023 it awarded a total of 600,000 options to acquire ordinary shares of 10 pence per share ("Options") to the following persons discharging managerial responsibilities ("PDMR") under the 2023 Cirata plc Amended and Restated Share Option Plan, as follows:

 
        PDMR             Number of      Exercise              Vesting 
                        new Options     price (p) 
                        vesting over 
                          3 years 
 Yeturu Aahlad,                                       3 year vesting schedule; 
  Chief Scientist                                    quarterly vesting following 
  and Co-Founder          150,000        57.00          the first anniversary 
                      --------------  -----------  ----------------------------- 
                                                      3 year vesting schedule; 
 Paul Scott-Murphy,                                  quarterly vesting following 
  CTO                     150,000        57.00          the first anniversary 
                      --------------  -----------  ----------------------------- 
 Justin Holtzinger, 
  SVP Customer                                        3 year vesting schedule; 
  Success and                                        quarterly vesting following 
  Engineering             150,000        57.00          the first anniversary 
                      --------------  -----------  ----------------------------- 
 Larry Webster,                                       3 year vesting schedule; 
  General Counsel,                                   quarterly vesting following 
  Company Secretary       150,000        57.00          the first anniversary 
                      --------------  -----------  ----------------------------- 
 

The award of the Options brings the total options held by Yeturu Aahlad to 350,000, being 0.3% of issued share capital, 380,000 options held by Paul Scott-Murphy, being 0.3% of the issued share capital, 323,334 options held by Justin Holtzinger, being 0.3% of the issued share capital, and 277,500 options held by Larry Webster, being 0.2% of the issued share capital. The Company's Remuneration Committee has approved the awards and regards long term incentives as an important part of the remuneration of members of the leadership team to align them with shareholder interests.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

This announcement contains information that qualifies or may qualify as inside information. The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary.

 
 Cirata plc                                       Via FTI Consulting 
 Stephen Kelly, Chief Executive Officer 
 Ijoma Maluza, Chief Financial Officer 
 Daniel Hayes, Investor Relations 
 
 FTI Consulting                                   +44 (0)20 3727 1137 
 Matt Dixon / Kwaku Aning / Usama Ali 
 Stifel (Nomad and Joint Broker)                  +44 (0)20 7710 7600 
 Fred Walsh / Richard Short / Tom Marsh 
 
   Liberum (Joint Broker)                           +44 (0)20 3100 2000 
 Max Jones / Ben Cryer / Miquela Bezuidenhoudt 
 

About Cirata

Cirata accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of MAR.

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                      Yeturu Aahlad 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Scientist and Co-Founder (PDMR for notification) 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification /Amendment                           Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Cirata plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800Y1A75RSC698O04 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary Shares 10p each 
      instrument 
      Identification code                                        ISIN: JE00B6Y3DV84 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of Share options - vesting over 3 years 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                  57 pence    150,000 
                                                                             ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information                                    n/a 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   8 December 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                          Paul Scott-Murphy 
     ------------------------------------------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Position/status                                               CTO (PDMR for notification) 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Initial notification /Amendment                               Initial notification 
     ------------------------------------------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ------------------------------------------------------------------------------------------------------------ 
 a)   Name                                                          Cirata plc 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   LEI                                                           213800Y1A75RSC698O04 
     ------------------------------------------------------------  ---------------------------------------------- 
 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 10p each 
 
       Identification code 
                                                                     ISIN: JE00B6Y3DV84 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Share options - vesting over 3 years 
     ------------------------------------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s) 
                                                                      57 pence    150,000 
                                                                                 ---------- 
     ------------------------------------------------------------  ---------------------------------------------- 
 d)   Aggregated information                                        n/a 
     ------------------------------------------------------------  ---------------------------------------------- 
 e)   Date of the transaction                                       8 December 2023 
     ------------------------------------------------------------  ---------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
     ------------------------------------------------------------  ---------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                      Justin Holtzinger 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           SVP Customer Success and Engineering (PDMR for 
                                                                notification) 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification /Amendment                           Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Cirata plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800Y1A75RSC698O04 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary Shares 10p each 
      instrument 
 
      Identification code                                        ISIN: JE00B6Y3DV84 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of Share options - vesting over 3 years 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                  57 pence    150,000 
                                                                             ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information                                    n/a 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   8 December 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                     Larry Webster 
     -------------------------------------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                          General Counsel, Company Secretary (PDMR for 
                                                               notification) 
     -------------------------------------------------------  -------------------------------------------------------- 
 b)   Initial notification /Amendment                          Initial notification 
     -------------------------------------------------------  -------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                     Cirata plc 
     -------------------------------------------------------  -------------------------------------------------------- 
 b)   LEI                                                      213800Y1A75RSC698O04 
     -------------------------------------------------------  -------------------------------------------------------- 
 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         Ordinary Shares 10p each 
      instrument 
 
      Identification code                                       ISIN: JE00B6Y3DV84 
     -------------------------------------------------------  -------------------------------------------------------- 
 b)   Nature of the transaction                                Grant of Share options - vesting over 3 years 
     -------------------------------------------------------  -------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)    Volume(s) 
                                                                 57 pence    150,000 
                                                                            ---------- 
     -------------------------------------------------------  -------------------------------------------------------- 
 d)   Aggregated information                                   n/a 
     -------------------------------------------------------  -------------------------------------------------------- 
 e)   Date of the transaction                                  8 December 2023 
     -------------------------------------------------------  -------------------------------------------------------- 
 f)   Place of the transaction                                 Outside a trading venue 
     -------------------------------------------------------  -------------------------------------------------------- 
 

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END

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December 12, 2023 12:32 ET (17:32 GMT)

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