Arcontech Group PLC Grant of Options (1402B)
October 05 2020 - 9:03AM
UK Regulatory
TIDMARC
RNS Number : 1402B
Arcontech Group PLC
05 October 2020
ARCONTECH GROUP PLC
("Arcontech" or the "Company")
Grant of Options
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, announces
that on 2 October 2020 it granted a total of 155,000 options
("Options") over ordinary shares of GBP0.125 in the Company
("Ordinary Shares") under the Company's EMI and non EMI schemes to
various employees.
Options were granted to the following persons disclosing
managerial responsibility ("PDMRs"): Matthew Jeffs (Chief
Executive), Geoff Wicks (Non-Executive Chairman), Ben Hodges
(Finance Director) and Darren Lewis (Head of Development).
The Options have been granted at a price of 164.5p pence per
Ordinary Share, being the closing mid-market price of an Ordinary
Share on 2 October 2020. They will be exercisable from 30 June
2023.
For Matthew Jeffs and Darren Lewis, the Options will vest
subject to the Company's compound annual rate of growth in fully
diluted earnings* for the three financial years ending 30 June
2023, subject to performance criteria as follows:
- compound annual earnings growth of 10% or more - fully vested (100%);
- compound annual earnings growth between 5%-10% - partial
vesting between 0% and 100% on a sliding scale; and
- compound annual earnings growth of 5% and below - nil.
Dependent on the performance criteria above being achieved, the
maximum number of Options that will vest and become exercisable is
as follows:
Director/PDMR Number of Options
Matthew Jeffs 50,000
------------------
Darren Lewis 20,000
------------------
Geoff Wicks has been granted 30,000 Options that are not subject
to performance criteria. Ben Hodges has been granted 10,000 Options
that are not subject to performance criteria. The 45,000 Options
granted to non-PDMR employees are also not subject to performance
criteria.
Any Ordinary Shares arising from the vesting of Options must be
held for a period of two years.
Following this grant, there are a total of 657,618 options
outstanding, representing approximately 4.9% of the current issued
share capital of the Company.
Further detail is set out in the PDMR disclosure tables
below.
* Fully diluted earnings will be based on: (a) the Company's
pre-tax profit excluding exceptional items and the share option
charge and (b) the current UK corporation tax rate of 19%, such
that the fully diluted earnings calculation takes no account of
R&D and deferred tax credits. For the purposes of the fully
diluted earnings calculation, the applied rate of corporation tax
will remain constant at 19% irrespective of any current or future
changes to corporation tax.
Enquiries:
Arcontech Group plc 020 7256 2300
Geoff Wicks, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive
finnCap Ltd (Nomad & Broker)
Carl Holmes/Simon Hicks 020 7220 0500
To access more information on the Group please visit: www.arcontech.com
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 Matthew Jeffs
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Chief Executive
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
164.5p 50,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 2 October 2020
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Geoff Wicks
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Non-Executive Chairman
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
164.5p 30,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 2 October 2020
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Darren Lewis
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Head of Development
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
164.5p 20,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 2 October 2020
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name B en Hodges
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
164.5p 10,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 2 October 2020
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
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END
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