Blancco Technology Group PLC Launch of SAYE scheme and Director Dealing (4692S)
March 16 2021 - 11:57AM
UK Regulatory
TIDMBLTG
RNS Number : 4692S
Blancco Technology Group PLC
16 March 2021
16 March 2021
Blancco Technology Group PLC
Launch of SAYE scheme and Director Dealing
Blancco Technology Group PLC (AIM: BLTG, "Blancco", the
"Company" or the "Group"), the industry standard in data erasure
and mobile device diagnostics, is pleased to announce that it has
launched the 2021 Save As You Earn Scheme (the "SAYE" Scheme) for
all eligible employees.
The SAYE scheme allows eligible employees to commit to making a
deduction from salary on a monthly basis over three years. At the
end of the three year period, employees can purchase the Company's
ordinary shares of 0.02 pence each ("Ordinary Shares") at a price
of 228 pence per Ordinary Share, representing a 20% discount to the
closing middle market price of the Ordinary Shares on the three
days prior to the scheme being launched on 8 March 2021. The
discount is in line with the limits of the SAYE scheme as defined
by HMRC.
The following Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the 2021 SAYE Scheme:
Name Director/PDMR Monthly deduction from pay
Matt Jones Director $700 USD
Adam Moloney Director GBP500 GBP
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transaction described above.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: 1. Matt Jones
2. Adam Moloney
---------------------------------- -----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: 1. Chief Executive Officer
2. Chief Financial Officer
---------------------------------- -----------------------------------
b) Initial notification/Amendment: Initial notification
---------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Blancco Technology Group
plc
---------------------------------- -----------------------------------
b) LEI: 2138008487QKMQTA5428
---------------------------------- -----------------------------------
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 Ordinary Shares of 2p each
instrument, type of instrument:
Identification code: GB00B06GNN57
---------------------------------- -----------------------------------
b) Nature of the transaction: Participation in the Company's
SAYE scheme - commitment
to deduct salary in order
to have the option to acquire
Ordinary Shares after three
years
---------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 228p 7,894*
--------- ----------
2. 228p 7,894
--------- ----------
*assuming a GBP:USD exchange
rate of 1.4
---------------------------------- -----------------------------------
d) Aggregated information: Price(s) Volume(s)
* Aggregated volume: 1. 228p 7,894*
--------- ----------
2. 228p 7,894
* Price: --------- ----------
*assuming a GBP:USD exchange
rate of 1.4
---------------------------------- -----------------------------------
e) Date of the transaction: 16 March 2021
---------------------------------- -----------------------------------
f) Place of the transaction: Outside of a trading venue
---------------------------------- -----------------------------------
For further information:
Blancco Technology Group plc via Buchanan
Matt Jones, Chief Executive Officer
Adam Moloney, Chief Financial Officer
Peel Hunt (Nominated Advisor & Joint
Broker)
Edward Knight / Paul Gillam / Nick Prowting +44 (0) 20 7418 8900
Investec Bank plc (Joint Broker)
Patrick Robb / Sara Hale / Virginia
Bull +44 (0) 20 7597 5970
Buchanan Communications Limited
Chris Lane / Stephanie Watson / Charlotte
Slater
blancco@buchanan.uk.com +44 (0) 20 7466 5000
About Blancco
Blancco Technology Group plc is a leading global provider of
mobile device diagnostics and secure data erasure solutions. For
more information, please visit www.blanccotechnologygroup.com .
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END
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