29 August 2024
Celebrus Technologies
plc
Grant of Awards under Long
Term Incentive Plan
Celebrus Technologies plc (AIM:
CLBS, "the Group", "Celebrus"), the AIM-listed data solutions
provider, announces that on 28 August 2024, key employees
were granted options over in aggregate 352,476 ordinary shares
of two pence each in the Company ("Ordinary
Shares").
The employees included Bill Bruno,
Chief Executive Officer and Ash Mehta, Chief Financial
Officer, for whom awards were made in two tranches as set out below
under the terms of the Celebrus Long Term Incentive Plan
("LTIP").
|
Director/ PDMR
|
Position
|
Tranche A
|
Tranche B
|
|
Bill Bruno
|
Chief Executive Officer
|
100,369
|
41,063
|
|
Ash Mehta
|
Chief Financial Officer
|
59,459
|
21,085
|
Vesting of awards in Tranche A is
subject to the satisfaction over the three-year period,
beginning 1 April 2024, of specified performance conditions,
based on the Company's relative Total Shareholder Return (TSR) in
respect of half of the award, and growth in Annual Recurring
Revenue (ARR) in respect of the other half. Vesting criteria
have been set as follows:
· TSR of
no less than median performance against the selected benchmark for
minimum vesting of 50% of the maximum, with a sliding scale above
this level, up to full vesting for top-quartile performance;
and
· 15%
annual compound growth in ARR to achieve minimum award vesting of
50% of the maximum, with a sliding scale above this level, up to
full vesting at 22% compound growth.
Tranche A awards are subject to an
exercise price of £0.02 per share.
Tranche B relates to the grant of
deferred bonus awards (in lieu of a portion of the cash award)
relating to the FY24 Bonus Plan. The award is in the form of an
option to acquire shares at an exercise price
of £0.02 per share, normally vesting on the 2nd
anniversary of grant, subject to continued employment, and as a
'Deferred Bonus Award' is therefore not subject to performance
conditions. The Tranche B awards will also benefit from dividend
equivalents in accordance with the LTIP Rules.
|
Enquiries
Celebrus Technologies plc
Bill Bruno, Chief Executive
Officer
Ash Mehta, Chief Financial
Officer
|
+44 (0)
1932 893333
investors@celebrus.com
|
|
Cavendish (Nominated Adviser & Joint
Broker)
Julian Blunt / Edward Whiley,
Corporate Finance
Tim Redfern, Corporate
Broking
|
+44 (0) 20
7220 0500
|
|
Canaccord Genuity (Joint Broker)
Simon Bridges / Andrew
Potts
|
+44 (0) 20
7523 8000
|
About Celebrus Technologies plc
As a disruptive data technology
platform, Celebrus is focused on improving the relationships
between brands and consumers via better data. Celebrus redefines
what digital identity verification means to power both next-level
marketing and fraud prevention use cases. Deployed across 30+
countries throughout the financial services, healthcare, retail,
travel, and telecommunications sectors, Celebrus automatically
captures, contextualizes, and activates consumer behavioral data in
live-time across all digital channels. Through the addition of
behavioral biometrics and AI, Celebrus empowers brands to detect
and prevent fraud before it occurs. To ensure that brands can begin
to improve those relationships quickly, Celebrus Cloud activates
the Celebrus platform efficiently for brands in a single-tenant,
private cloud capacity.
The Group has offices in the UK,
USA, and India with key talent in all markets to drive the growth
of the business. Celebrus is fully compliant with all major data
privacy regulations and the Group is accredited to ISO27001:
Information Security Management.
For more information, please
see www.celebrus.com .
The relevant notifications set out
below are provided in accordance with the requirements of Article
19 of the UK Market Abuse Regulation.
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Bill Bruno
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Celebrus Technologies Plc
|
|
b)
|
LEI
|
213800HP3XUS3KTGWT63
|
|
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
Identification code
|
Options over Ordinary Shares
of 2 pence each
ISIN: GB0001351955
|
|
b)
|
Nature of the transaction
|
Grant of options under the terms of
the Celebrus Long Term Incentive Plan ("LTIP") at an exercise price
of £0.02 per share
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
141,432
|
|
|
d)
|
Aggregated information
|
-
|
Aggregated volume
|
|
-
|
Price
|
|
n/a (single transaction)
|
|
e)
|
Date of the transaction
|
28 August 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Ash Mehta
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
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
|
Celebrus Technologies Plc
|
|
b)
|
LEI
|
213800HP3XUS3KTGWT63
|
|
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
Identification code
|
Options over Ordinary Shares
of 2 pence each
ISIN: GB0001351955
|
|
b)
|
Nature of the transaction
|
Grant of options under the terms of
the Celebrus Long Term Incentive Plan ("LTIP") at an exercise price
of £0.02 per share
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
80,544
|
|
|
d)
|
Aggregated information
|
-
|
Aggregated volume
|
|
-
|
Price
|
|
n/a (single transaction)
|
|
e)
|
Date of the transaction
|
28 August 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|