IQGeo Group PLC Director/PDMR Shareholding - Grant of Options (8533G)
July 24 2023 - 1:00AM
UK Regulatory
TIDMIQG
RNS Number : 8533G
IQGeo Group PLC
24 July 2023
IQGeo Group plc
(the "Company" or the "Group")
Grant of Options
IQGeo Group plc (AIM: IQG), a developer of geospatial software
that is "Building better networks" for telecom and utility
operators, announces the grant of options over a total of 250,000
new ordinary shares of 2 pence each in the Company ("Ordinary
Shares") ("Options") to Richard Petti, Chief Executive Officer, and
Haywood Chapman, Chief Financial Officer.
These Options were granted on 24 July 2023 pursuant to and in
accordance with the terms of the Group's existing 2020 Share Option
Plan (as described in the Company's announcement of 3 December
2020) and on the recommendation of the Company's Remuneration
Committee. Richard Petti has been awarded 160,000 Options and
Haywood Chapman awarded 90,000 Options in respect of the year ended
31 December 2022.
The exercise price for these Options is 210.0 pence, being the
approximate 30-day volume-weighted average price for the period to
27 March 2023, the date on which the financial results for the year
ended 31 December 2022 were announced. The vesting conditions
remain in line with options previously issued under the 2020 Share
Option Plan with Options vesting in portions of one third on the
first, second and third anniversaries of grant and have no further
performance conditions other than ongoing employment on the date of
vesting. The Options will be subject to a two-year holding period
from vesting point, with sales only permitted to sell shares
sufficient to cover the exercise cost and any tax liability within
this holding period. The Options will vest in full on a change of
control.
Following these transactions, Mr. Petti's beneficial interest
remains at 221,077 Ordinary Shares, representing 0.36 per cent. of
the total issued share capital and he now holds 2,060,000 options
over Ordinary Shares. Mr. Chapman's beneficial interest in the
Company remains at 131,228 Ordinary Shares, representing 0.21 per
cent. of the total issued share capital . In addition he now holds
850,000 options over Ordinary Shares.
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
Notes to editors
About IQGeo
Telecommunications and utility operators are "Building better
networks" with IQGeo's award-winning software solutions. The
ability to powerfully model any network requirement, integrate
every system and data source, and support field and office teams
with continual innovation is helping operators create the networks
of the future. Our solutions ensure greater cross-team
collaboration and process efficiency throughout the network
lifecycle, from planning and design to construction, operations,
and sales.
Whether it's highly competitive fiber and 5G broadband rollouts
or complex utility grid modernization projects, IQGeo's enterprise
solutions, our OSPInsight fiber design software, and our Comsof
automated planning software are proven industry leaders. We partner
with large multinationals and smaller regional operators to deliver
the digital innovation they need to increase network resilience,
operational safety, and business ROI.
Headquartered in Cambridge, with offices in Denver, Ghent,
Toronto, Frankfurt and Tokyo, we work with some of the largest
network infrastructure operators in the world. For more information
visit: www.iqgeo.com/
IQGeo trades on AIM with the ticker IQG.
For additional information please visit www.iqgeo.com
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU No. 596/2014) which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them are set out below pursuant to the EU Market
Abuse regulation.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Haywood Chapman
----------------------- ---------------------------------------
Reason for the notification
2
----------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
----------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name IQGEO Group plc
----------------------- ---------------------------------------
b) LEI 213800P2PCLCEFANB194
----------------------- ---------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------
a) Description 2p Ordinary Shares
of the financial
instrument,
type of instrument ISIN: GB00B3NCXX73
Identification
code
----------------------- ---------------------------------------
b) Nature of the Grant of Options over Ordinary Shares
transaction
----------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 90,000
----------
----------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
----------------------- ---------------------------------------
e) Date of the 24 July 2023
transaction
----------------------- ---------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Richard Petti
----------------------- ---------------------------------------
Reason for the notification
2
----------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
----------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name IQGEO Group plc
----------------------- ---------------------------------------
b) LEI 213800P2PCLCEFANB194
----------------------- ---------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------
a) Description 2p Ordinary Shares
of the financial
instrument,
type of instrument ISIN: GB00B3NCXX73
Identification
code
----------------------- ---------------------------------------
b) Nature of the Grant of Options over Ordinary Shares
transaction
----------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 160,000
----------
----------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
----------------------- ---------------------------------------
e) Date of the 24 July 2023
transaction
----------------------- ---------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- ---------------------------------------
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END
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