Castleton Technology PLC Grant of Options (5985L)
July 20 2017 - 1:00AM
UK Regulatory
TIDMCTP
RNS Number : 5985L
Castleton Technology PLC
20 July 2017
Castleton Technology plc
("Castleton", the "Group" or the "Company")
Grant of Options
Castleton (AIM: CTP), the software and managed services provider
to the public and not-for-profit sectors, announces that on 19 July
2017 it resolved to award the following options over new ordinary
shares of 2 pence each in the capital of the Company ("Ordinary
Shares") to Dean Dickinson, Chief Executive Officer.
-- Growth shares which entitle Dean to a payment in cash or new
Ordinary Shares (at the Company's discretion) with a value equal to
787,148 multiplied by the growth in Castleton's share price above
69 pence, being the mid closing price on 19 July 2017. The growth
shares are subject to performance criteria related to share price
growth; and
-- Nil cost options over 787,148 Ordinary Shares subject to certain vesting criteria.
Dean also holds options over 1.4% of the fully diluted share
capital of the Company which are a combination of EMI Share Options
and Employee Share Scheme Options ("Existing Options"). The
Existing Options are evergreen, meaning that the percentage of the
fully diluted issued share capital held under option will remain
constant, notwithstanding any further issues of ordinary shares of
2 pence in the capital of the Company. The Existing Options are
subject to performance criteria related to share price growth.
Enquiries:
Castleton Technology Tel. +44 (0)845 241
plc 0220
Dean Dickinson, Chief
Executive Officer
Haywood Chapman, Chief
Financial Officer
finnCap Tel. +44 (0)20 7220
Jonny Franklin-Adams 0500
/ Simon Hicks
MXC Capital Markets Tel. +44(0)20 7965 1849
LLP
Marc Young / Charlotte
Stranner
Tel. +44(0) 7780 901979
Alma PR
Josh Royston
About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary software and managed services
to the public and not-for-profit sectors. The acquisitions of Montal, Documotive, Opus, Keylogic,
Brixx, Impact Applications and Kypera bring together an exceptional suite of solutions, providing
the foundation for this platform. Castleton works in partnership with its customers and resellers
to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com
The information communicated in this announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------
a) Name Dean Dickinson
---- ------------------------------- --------------------------------------
2. Reason for the Notification
---- -----------------------------------------------------------------------
a) Position/status CEO
---- ------------------------------- --------------------------------------
b) Initial notification/Amendment Initial notification
---- ------------------------------- --------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------------
a) Name Castleton Technology plc
---- ------------------------------- --------------------------------------
b) LEI 2138007AHX5UT6CO5L76
---- ------------------------------- --------------------------------------
4.1 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 D ordinary shares of 0.001
of the Financial pence each in the capital
instrument, of Castleton Technology Intermediate
type of instrument Holding Company Limited ("D
Shares")
----
Identification n/a
code
---- ------------------------------- --------------------------------------
b) Nature of the Issue of D Shares under Long
transaction Term Incentive Scheme
---- ------------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 100
---------- ----------
---- ------------------------------- --------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
---- ------------------------------- --------------------------------------
e) Date of the 19 July 2017
transaction
---- ------------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------------------
4.2 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 Options over ordinary shares
of the Financial of 2 pence each ("Options")
instrument,
type of instrument
----
Identification GB00BYV2WV72
code
---- ------------------------------- --------------------------------------
b) Nature of the Issue of Options under Long
transaction Term Incentive Scheme
---- ------------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil cost 787,148
---------- ----------
---- ------------------------------- --------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
---- ------------------------------- --------------------------------------
e) Date of the 19 July 2017
transaction
---- ------------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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