Aquis Exchange PLC Issue of Options and Director/PDMR Notification (1187K)
April 20 2020 - 1:00AM
UK Regulatory
TIDMAQX
RNS Number : 1187K
Aquis Exchange PLC
20 April 2020
20 April 2020
Aquis Exchange PLC
("Aquis", the "Company" or the "Group")
Issue of Options
and
Director/PDMR Notification
Aquis Exchange PLC (AQX.L), the exchange services group,
announces that on 17 April 2020 it issued a total of 737,250
options ("Options") over the Company's ordinary shares of 10p each
("Ordinary Shares") to Directors and employees of the Company.
80,000 Options were issued to each of Alasdair Haynes, CEO of the
Company, and Jonathan Clelland, CFO and COO of the Company.
The Options were granted under the Company's existing EMI plan
and have an exercise price of GBP3.47, which is the closing
mid-market price of the Company's existing ordinary shares on 16
April 2020, the latest practicable date prior to the issue of the
Options. The Options will vest in tranches of one third on the
first, second and third anniversary of the date of issue and expire
10 years from the date of issue. Vesting or exercise of the Options
is not dependent on performance criteria.
Following the grant of the Options, the total number of Ordinary
Shares outstanding under all Group EMI option schemes is 1,276,281,
representing 4.7 per cent. of the Company's issued share
capital.
Enquiries:
Aquis Exchange PLC Tel: +44 (0)20 3597
6321
Alasdair Haynes, CEO
Jonathan Clelland, CFO and COO
Belinda Keheyan, Head of Marketing Tel: +44 (0)20 3597
6329
Liberum Capital Limited (Nominated Adviser Tel: +44 (0)20 3100
and Broker) 2000
Clayton Bush
Chris Clarke
Edward Thomas
Kane Collings
Alma PR (Financial PR Adviser) Tel: +44 (0)20 3405
0205
Caroline Forde aquis@almapr.co.uk
Susie Hudson
Rebecca Sanders-Hewett
Notes to editors:
Aquis Exchange PLC is an exchange services group, which operates
pan-European cash equities trading businesses (Aquis Exchange),
growth and regulated primary markets (Aquis Stock Exchange/AQSE)
and develops/licenses exchange software to third parties (Aquis
Technologies).
Aquis Exchange is authorised and regulated by the UK Financial
Conduct Authority and France's Autorité des Marchés Financiers to
operate Multilateral Trading Facility businesses in the UK and in
EU27 respectively. Aquis operates a lit order book and does not
allow aggressive non-client proprietary trading, which has resulted
in lower toxicity and signalling risk on Aquis than other trading
venues in Europe. According to independent studies, trades on Aquis
are less likely to lead to price movement than on other lit
markets. Aquis uses a subscription pricing model which works by
charging users according to the message traffic they generate,
rather than a percentage of the value of each stock that they
trade.
Aquis Stock Exchange (AQSE) is a stock market providing primary
and secondary markets for equity and debt products. It is
authorised as a Recognised Investment Exchange, which allows it to
operate a regulated listings venue.
Aquis Technologies is the software and technology division of
Aquis Exchange PLC. It creates and licenses cutting-edge,
cost-effective matching engine and trade surveillance technology
for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the Alternative
Investment Market of the LSE (AIM) market. For more information,
please go to www.aquis.eu
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alasdair Haynes
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Aquis Exchange PLC
--------------------------- --------------------------------------
b) LEI 213800IXJSF5E1SIW150
--------------------------- --------------------------------------
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, Options over Ordinary shares of 10
type of instrument pence each
Identification code ISIN: GB00BD5JNK30
--------------------------- --------------------------------------
b) Nature of the transaction Grant of share options under the
Company's EMI option scheme
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.47 80,000
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price GBP3.47
--------------------------- --------------------------------------
e) Date of the transaction 17 April 2020
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Clelland
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer and Chief
Operating Officer
--------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Aquis Exchange PLC
--------------------------- --------------------------------------
b) LEI 213800IXJSF5E1SIW150
--------------------------- --------------------------------------
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, Options over Ordinary shares of 10
type of instrument pence each
Identification code ISIN: GB00BD5JNK30
--------------------------- --------------------------------------
b) Nature of the transaction Grant of share options under the
Company's EMI option scheme
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.47 80,000
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price GBP3.47
--------------------------- --------------------------------------
e) Date of the transaction 17 April 2020
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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