Eleco PLC Issue of Options (9645P)
February 23 2021 - 1:00AM
UK Regulatory
TIDMELCO
RNS Number : 9645P
Eleco PLC
23 February 2021
23 February 2021
Eleco Plc
("Eleco" or the "Company")
Issue of Options
The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction
software specialist, advises that on 23 February 2021 the Company
issued a total of 700,000 options to subscribe for new ordinary
shares in the Company under the Elecosoft 2014 Share Option Plan in
the following amounts:
Director/PDMR Options Issued Total Options Held
Post Issue
Serena Lang 250,000 500,000
Jonathan Hunter 250,000 600,000
Benjamin Moralee 100,000 250,000
Anders Karlsson 100,000 400,000
The Options shall vest if, and only if, EPS as per the Accounts
for the year ended 31 December 2023 is at least higher or above 20%
than EPS as per the Accounts for the year ended 31 December
2020.
The Options are exercisable at 100.4 pence and will expire on 23
February 2031.
Following the issue of the Options; (details of which are
included in the disclosure notice at the end of this
announcement).
The total number of options in issue post award is 2,940,000,
representing approximately 3.5% of the Company's issued share
capital.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information, please contact:
Eleco plc Tel: +44 (0)20 7422 8000
Serena Lang, Executive Chairman
Jonathan Hunter, Chief Executive Officer
Ben Moralee, Group Finance Director
finnCap Limited Tel: +44 (0)20 7220 0500
Geoff Nash / Kate Bannatyne / (Nomad)
Richard Chambers (ECM)
SEC Newgate Tel: +44 (0)20 3757 6880
Elisabeth Cowell / Isabelle Smurfit eleco@secnewgate.co.uk
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international
provider of software and related services to the Architectural,
Engineering, Construction and Owner/Operator (AECO) industries and
interior furnishing industries from centres of excellence in the
UK, Sweden, Germany, Netherlands and the USA.
The Company's market-leading Elecosoft software solutions are
developed by teams in the United Kingdom, Sweden and Germany, and
its solutions include project management, estimating, timber
engineering, CAD and visualisation, asset and facility management
and cloud-based digital marketing solutions.
For further information please visit www.eleco.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 Serena Lang - Executive Chairman
Jonathan Hunter - Chief Executive
Officer
Benjamin Moralee - Finance 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 Eleco plc
------------------------------- -------------------------------------
b) LEI 21380016GT9Z6ZQX4T37
------------------------------- -------------------------------------
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
Financial instrument, ordinary 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)
S Lang 100.2p 250,000
J Hunter 100.2p 250,000
B Moralee 100.2p 100,000
A Karlsson 100.2p 100,000
------------------------------- -------------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
------------------------------- -------------------------------------
e) Date of the transaction Share Options as described in
4c) 22 February 2021
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
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END
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