Elecosoft PLC Replacement: Issue of Options (6924N)
August 10 2017 - 8:32AM
UK Regulatory
TIDMELCO
RNS Number : 6924N
Elecosoft PLC
10 August 2017
The following amendment has been made to the Issue of Options
announcement released on 10 August 2017 at 0700hrs under RNS No
5749N.
The announcement incorrectly stated that John Ketteley had been
awarded 250,000 options to subscribe for new ordinary shares in the
Company. The correct figure is 100,000.
All other details remain unchanged.
The full amended text is shown below.
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 100,000 350,000
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 Tel: 0207 220 0500
(Corporate 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 Options to subscribe for
the Financial new ordinary shares of
instrument, type 1p each
of instrument
---
Identification ELCO GB0003081246
code
--- ------------------------------- -----------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- -----------------------------------
c) Price(s) and volume(s) Director Price(s) Volume(s)
J Ketteley 48.0p 100,000
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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