Ebiquity PLC Award of options (3507U)
July 11 2018 - 9:05AM
UK Regulatory
TIDMEBQ
RNS Number : 3507U
Ebiquity PLC
11 July 2018
Ebiquity plc ('Ebiquity' or the 'Company')
11(th) July 2018
Ebiquity has today awarded options over ordinary shares of 25
pence each in the share capital of the Company ("Ordinary Shares")
to certain directors and PDMR's as detailed below. These relate to
the period which commenced on 1(st) January 2018 and each option
over an Ordinary Share has an exercise price of 25 pence.
The options will vest conditional on the satisfaction of
performance criteria relating to the compound growth of the
Company's diluted adjusted earnings per share ("EPS") over a
five-year period, in accordance with the following: -
-- EPS growth of 15% over the relevant performance period will vest the option in full
-- 70% will vest if EPS growth over the relevant performance period is 12%
-- EPS growth of 8% over the relevant performance period will vest 30% of the grant
-- None will vest if EPS growth over the relevant performance period is less than 8%
-- The share option will vest on a straight-line basis where EPS
growth over the relevant performance period is between 8% and 12%
or between 12% and 15%
One quarter of each award will vest at the earlier date of the
30(th) April following the initial three-year period if the total
shareholder returns (TSR) of the Company are in the top quartile of
the TSR of the AIM Media Index over the same period. TSR is
measured on the average share price of the Company in the 20
trading days immediately following the preliminary announcement of
results for the third financial year relative to the 20 trading
days prior to 30(th) April of the first year. If this condition is
not met, the total award will be capable of vesting according to
EPS growth over the five-year period.
The individual grants are as follows: -
Recipient Job Title Number of Vesting Date
shares subject
to option
Michael Karg Chief Executive Officer 500,000 30(th) April
2023
------------------------ ---------------- -------------
Andy Noble Chief Financial Officer 150,000 30(th) April
2023
------------------------ ---------------- -------------
Jason Bailis Chief Operating Officer 130,000 30(th) April
2023
------------------------ ---------------- -------------
Dealing Notification Form
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Michael Karg
------------------------------------------------------------- -----------------------------------
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: Ebiquity plc
------------------------------------------------------------- -----------------------------------
b) LEI: 2138004YRTDJ7FJSWF20
------------------------------------------------------------- -----------------------------------
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: Options over ordinary shares
Identification code: of 25p each
------------------------------------------------------------- -----------------------------------
b) Nature of the transaction: Grant of options with exercise
price of 25p to purchase
------------------------------------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
N/A 500,000
----------
------------------------------------------------------------- -----------------------------------
d) Aggregated information: Price(s) Volume(s)
* Aggregated volume: N/A 500,000
----------
* Price:
------------------------------------------------------------- -----------------------------------
e) Date of the transaction: 11 July 2018
------------------------------------------------------------- -----------------------------------
f) Place of the transaction: N/A
------------------------------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Andrew Noble
----------------------------------------- -----------------------------------
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: Ebiquity plc
----------------------------------------- -----------------------------------
b) LEI: 2138004YRTDJ7FJSWF20
----------------------------------------- -----------------------------------
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
type of instrument: shares of 25p each
Identification code:
----------------------------------------- -----------------------------------
b) Nature of the transaction: Grant of options with
exercise price of 25p
to purchase
----------------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
N/A 150,000
----------
----------------------------------------- -----------------------------------
d) Aggregated information: Price(s) Volume(s)
* Aggregated volume: N/A 150,000
----------
* Price:
----------------------------------------- -----------------------------------
e) Date of the transaction: 11 July 2018
----------------------------------------- -----------------------------------
f) Place of the transaction: N/A
----------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jason Bailis
------------------------------------------------------------- -----------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------
a) Position/status: Chief Operating Officer
------------------------------------------------------------- -----------------------------------
b) Initial notification/Amendment: Initial notification
------------------------------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------------
a) Name: Ebiquity plc
------------------------------------------------------------- -----------------------------------
b) LEI: 2138004YRTDJ7FJSWF20
------------------------------------------------------------- -----------------------------------
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: Options over ordinary shares
Identification code: of 25p each
------------------------------------------------------------- -----------------------------------
b) Nature of the transaction: Grant of options with exercise
price of 25p to purchase
------------------------------------------------------------- -----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
N/A 130,000
----------
------------------------------------------------------------- -----------------------------------
d) Aggregated information: Price(s) Volume(s)
* Aggregated volume: N/A 130,000
----------
* Price:
------------------------------------------------------------- -----------------------------------
e) Date of the transaction: 11 July 2018
------------------------------------------------------------- -----------------------------------
f) Place of the transaction: N/A
------------------------------------------------------------- -----------------------------------
Enquiries:
Ebiquity plc
Michael Karg (CEO)
Mark Sanford (Company Secretary) 020 7650 9600
Instinctif Partners
Matthew Smallwood
Guy Scarborough 020 7457 2020
Numis Securities Limited
Nick Westlake Michael Wharton
(NOMAD)
Toby Adcock (Corporate Broker) 020 7260 1000
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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