Elecosoft PLC Issue of Options (5749N)
August 10 2017 - 1:02AM
UK Regulatory
TIDMELCO
RNS Number : 5749N
Elecosoft PLC
10 August 2017
Elecosoft plc
("Elecosoft", the "Company" or the "Group")
Issue of Options
Elecosoft plc (AIM: ELCO), the AIM-listed construction software
specialist, announces that yesterday the Company issued a total of
1,265,000 options to subscribe for new ordinary shares in the
Company under the Elecosoft 2015 Share Option Plan, as adopted by
the shareholders at the AGM on 26(th) May 2016, to various
employees and directors of the Company (the "Options"). The Options
shall vest if, and only if, EPS as per the Accounts for the year
ended 31 December 2019 is at least 2.97 pence. If the performance
target is not met, the Options shall lapse.
The Options are exercisable at 48.0 pence and will expire on
08(th) August 2027. Details of director awards are included in the
disclosure notices at the end of this announcement.
Director/PDMR Options Issued Total Options Held
Post Issue
John Ketteley 250,000 350,000
David Pearson 150,000 150,000
Jason Ruddle 100,000 300,000
Jonathan Hunter 100,000 250,000
Anders Karlsson 150,000 150,000
For further information please contact:
Elecosoft plc www.elecosoft.com
John Ketteley , Executive Chairman Tel: 0203 857 5210
Jonathan Hunter, Marketing & Business Development
Director
David Pearson, Group Finance Director and
Company Secretary
finnCap Ltd
Adrian Hargrave / Kate Bannatyne (Corporate Tel: 0207 220 0500
Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications
Elisabeth Cowell / David Ison Tel: 0207 382 4730
elecosoft@redleafpr.com
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
About Elecosoft plc
Elecosoft is listed on the Alternative Investment Market in
London (AIM: ELCO). It is a specialist international provider of
software and related services to the architectural, engineering,
construction and digital marketing industries from centres of
excellence in the UK, Sweden, Germany and the US. Elecosoft's
market leading software solutions are developed by teams in the
United Kingdom, Sweden and Germany; and its software programs cover
project management, construction site management, estimating,
timber engineering, 3D design and visualisation, and cloud based
digital marketing solutions.
For more information, please visit www.elecosoft.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 John Ketteley - Executive Chairman
David Pearson - Finance Director
Jason Ruddle - Managing Director
Jonathan Hunter - Business Development
Director
Anders Karlsson - Managing Director
--- ------------------------------- ----------------------------------------
2. Reason for the Notification
--- -------------------------------------------------------------------------
a) Position/status See 1a) above
--- ------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------
a) Name Elecosoft plc
--- ------------------------------- ----------------------------------------
b) LEI N/A
--- ------------------------------- ----------------------------------------
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 to subscribe for new ordinary
Financial instrument, shares of 1p each
type of instrument
---
Identification code ELCO GB0003081246
--- ------------------------------- ----------------------------------------
b) Nature of the transaction Grant of options
--- ------------------------------- ----------------------------------------
c) Price(s) and volume(s) Director Price(s) Volume(s)
J Ketteley 48.0p 250,000
D Pearson 48.0p 150,000
J Ruddle 48.0p 100,000
J Hunter 48.0p 100,000
A Karlsson 48.0p 150,000
--- ------------------------------- ----------------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
--- ------------------------------- ----------------------------------------
e) Date of the transaction Share Options as described in
4c) Granted 9(th) August 2017
--- ------------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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