SpaceandPeople PLC Grant of Options (8885A)
March 29 2017 - 4:52AM
UK Regulatory
TIDMSAL
RNS Number : 8885A
SpaceandPeople PLC
29 March 2017
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
SpaceandPeople plc
("SpaceandPeople" or the "Company")
Grant of Options
SpaceandPeople (AIM: SAL) the retail, promotional and brand
experience specialist, announces that it has granted options over a
total 400,000 new ordinary shares of 1 pence each in the Company
("Ordinary Shares") under its existing share option scheme (the
"Options"). The Options have been granted to certain directors and
senior management of the Company as follows:
Name No. of Options granted
------------------------- -----------------------
Mathew Bending 75,000
------------------------- -----------------------
Nancy Cullen 75,000
------------------------- -----------------------
Gregor Dunlay 75,000
------------------------- -----------------------
Various other employees 175,000
------------------------- -----------------------
Total 400,000
------------------------- -----------------------
The Options are exercisable at a price of 22 pence per share
being the closing share price on 27 March 2017 and vest no earlier
than 29 March 2020. The Options expire on the tenth anniversary of
the date of grant.
The vesting of the Options is conditional on the continued
employment of the option holder as well as the satisfaction of
certain financial performance conditions, namely Earnings Per Share
growth and Total Shareholder Returns growth. The Options will vest
in full should the Company achieve EPS growth and TSR growth of 10
per cent. per annum over the three year vesting period; however,
should a minimum of 5 per cent growth be achieved, 50 per cent. of
the Options will vest. Above 5 per cent. growth, the number of
Options that will vest will be calculated on a straight line basis
between the minimum 50 per cent. and maximum 100 per cent. of the
entitlement, whilst no Options will vest if growth is below 5 per
cent. for the year.
Details of the directors' resultant holdings of Ordinary Shares
and options over Ordinary Shares are as follows:
Name Total No. of No. of Existing Ordinary
Options Shares
---------------- ------------- -------------------------
Mathew Bending 395,000 2,102,200
---------------- ------------- -------------------------
Nancy Cullen 395,000 1,333,000
---------------- ------------- -------------------------
Gregor Dunlay 395,000 10,000
---------------- ------------- -------------------------
The total number of options now outstanding over Ordinary Shares
is 1,934,735 representing 9.9 per cent of the Company's existing
issued share capital.
For further information, contact:
SpaceandPeople plc 0845 241 8215
Matthew Bending
Gregor Dunlay
Cantor Fitzgerald Europe 020 7894 7000
David Foreman / Will Goode (Corporate
Finance)
David Banks (Corporate Broking)
About SpaceandPeople plc
SpaceandPeople facilitates and manages promotional space for
marketing campaigns and retailing in shopping centres and other
high footfall locations, such as theme parks and railway stations.
SpaceandPeople is at the forefront of developing the concept of
space as an advertising and promotional medium. It offers consumer
brands the opportunity to promote their products through direct
engagement with consumers through a mix of experiential marketing
events and complementary above the line advertising and multimedia
campaigns. SpaceandPeople offers a comprehensive service covering
brokerage, consultancy and venue centric media buying.
SpaceandPeople is independently funded and its shares are admitted
to trading on AIM. The Company acquired Retail Profile, the RMU
specialist, in May 2010 and operates in the UK, Germany, India and
Russia.
www.spaceandpeople.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCA") with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Matthew Bending
--- --------------------- ---------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- --------------------- ---------------------------------------------
b) Initial notification Initial Notification
/ Amendment
--- --------------------- ---------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------
a) Name SpaceandPeople 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 Ordinary shares of 1 pence
of the financial each
instrument,
type of instrument ISIN: GB00B058DS79
Identification
code:
--- --------------------- ---------------------------------------------
b) Nature of Grant of Options
the transaction
--- --------------------- ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------------------------ ----------
Nil paid exercise
price of 22
pence per share 75,000
------------------------------ ----------
--- --------------------- ---------------------------------------------
d) Aggregated Price(s) Aggregated
information volume (s)
------------- ------------
N/A - single
transaction
------------- ------------
--- --------------------- ---------------------------------------------
e) Date of the 29 March 2017
transaction
--- --------------------- ---------------------------------------------
f) Place of the Off market
transaction
--- --------------------- ---------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Nancy Cullen
--- --------------------- ---------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------
a) Position/status Chief Operating Officer
--- --------------------- ---------------------------------------------
b) Initial notification Initial Notification
/ Amendment
--- --------------------- ---------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------
a) Name SpaceandPeople 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 Ordinary shares of 1 pence
of the financial each
instrument,
type of instrument ISIN: GB00B058DS79
Identification
code:
--- --------------------- ---------------------------------------------
b) Nature of Grant of Options
the transaction
--- --------------------- ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------------------------ ----------
Nil paid exercise
price of 22
pence per share 75,000
------------------------------ ----------
--- --------------------- ---------------------------------------------
d) Aggregated Price(s) Aggregated
information volume (s)
------------- ------------
N/A - single
transaction
------------- ------------
--- --------------------- ---------------------------------------------
e) Date of the 29 March 2017
transaction
--- --------------------- ---------------------------------------------
f) Place of the Off market
transaction
--- --------------------- ---------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Gregor Dunlay
--- --------------------- ---------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- --------------------- ---------------------------------------------
b) Initial notification Initial Notification
/ Amendment
--- --------------------- ---------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------
a) Name SpaceandPeople 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 Ordinary shares of 1 pence
of the financial each
instrument,
type of instrument ISIN: GB00B058DS79
Identification
code:
--- --------------------- ---------------------------------------------
b) Nature of Grant of Options
the transaction
--- --------------------- ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------------------------ ----------
Nil paid exercise
price of 22
pence per share 75,000
------------------------------ ----------
--- --------------------- ---------------------------------------------
d) Aggregated Price(s) Aggregated
information volume (s)
------------- ------------
N/A - single
transaction
------------- ------------
--- --------------------- ---------------------------------------------
e) Date of the 29 March 2017
transaction
--- --------------------- ---------------------------------------------
f) Place of the Off market
transaction
--- --------------------- ---------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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