SCISYS PLC Grant of Share Options to Directors (7432D)
April 28 2017 - 9:14AM
UK Regulatory
TIDMSSY
RNS Number : 7432D
SCISYS PLC
28 April 2017
SCISYS PLC ("SCISYS" or the "Company")
(AIM: SSY)
Grant of Share Options to Directors
SCISYS PLC announces that on 27 April 2017, upon the
recommendation of the Company's Remuneration Committee, the
following Directors were granted share options ("Options") over the
Company's ordinary shares of 25 pence each ("Ordinary Shares")
under the Company's HMRC approved company share option plan
("CSOP") and the SCISYS Unapproved scheme. The Company granted the
Options with an exercise price of 101.50 pence per Ordinary Share,
being the closing middle market price on 26 April 2017, being the
day preceding the deemed date of award.
The Options enable the Directors to benefit from the future
growth in the value of the Ordinary Shares above 101.50 pence. The
Directors may not normally realise any such benefit for three years
and the exercising of the Options will be subject to meeting
certain performance criteria linked to the earnings growth of the
Company. Subject to the performance criteria being met, the Options
would be capable of being exercised no earlier than on the
announcement of the preliminary results of the Company for year
ending 31 December 2019 (likely to be March 2020). The Options
expire ten years after being granted.
Director Number of Options
granted at 101.50
pence per Ordinary
Share
----------------------- --------------------
Christopher Cheetham 20,000
---------------------- --------------------
Stephen Brignall 20,000
---------------------- --------------------
Klaus Heidrich 30,000
---------------------- --------------------
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 Christopher Cheetham
--- ------------------------ --------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status FD/PDMR
--- ------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name SCISYS PLC
--- ------------------------ --------------------------------
b) LEI 213800F3DS1G1VBBCW63
--- ------------------------ --------------------------------
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 Share options
the financial
instrument, type
of instrument GB0001520757
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Grant of options to acquire
transaction shares
--- ------------------------ --------------------------------
c) Price(s) and
volume(s) 20,000 options to acquire
Ordinary Shares all at 101.50
pence per share
--- ------------------------ --------------------------------
d) Aggregated information
N/A
- Aggregated
volume
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 27 April 2017
--- ------------------------ --------------------------------
f) Place of the Registered Office
transaction
--- ------------------------ --------------------------------
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 Stephen Brignall
--- ------------------------ --------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director/PDMR
--- ------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name SCISYS PLC
--- ------------------------ --------------------------------
b) LEI 213800F3DS1G1VBBCW63
--- ------------------------ --------------------------------
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 Share options
the financial
instrument, type
of instrument GB0001520757
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Grant of options to acquire
transaction shares
--- ------------------------ --------------------------------
c) Price(s) and
volume(s) 20,000 options to acquire
Ordinary Shares all at 101.50
pence per share
--- ------------------------ --------------------------------
d) Aggregated information
N/A
- Aggregated
volume
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 27 April 2017
--- ------------------------ --------------------------------
f) Place of the Registered Office
transaction
--- ------------------------ --------------------------------
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 Klaus Heidrich
--- ------------------------ --------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status CEO/PDMR
--- ------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name SCISYS PLC
--- ------------------------ --------------------------------
b) LEI 213800F3DS1G1VBBCW63
--- ------------------------ --------------------------------
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 Share options
the financial
instrument, type
of instrument GB0001520757
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Grant of options to acquire
transaction shares
--- ------------------------ --------------------------------
c) Price(s) and
volume(s) 30,000 options to acquire
Ordinary Shares all at 101.50
pence per share
--- ------------------------ --------------------------------
d) Aggregated information
N/A
- Aggregated
volume
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 27 April 2017
--- ------------------------ --------------------------------
f) Place of the Registered Office
transaction
--- ------------------------ --------------------------------
Following these awards the Directors total interests are as
follows:
Interest Total holding Total interest
in ordinary as a % of in Options
shares total voting
rights
------------- -------------- ---------------
Mike Love 4,308,523 14.82 102,300
----------- ------------- -------------- ---------------
Steve
Brignall 127,520 0.44 195,258
----------- ------------- -------------- ---------------
Chris
Cheetham 74,720 0.26 195,258
----------- ------------- -------------- ---------------
David
Jones 160,368 0.55 152,300
----------- ------------- -------------- ---------------
Klaus
Heidrich 60,460 0.21 168,300
----------- ------------- -------------- ---------------
Klaus
Meng 2,832,826 9.75 -
----------- ------------- -------------- ---------------
David
Coghlan 6,276 0.02 -
----------- ------------- -------------- ---------------
Totals 7,570,693 26.05 813,416
============= ============== ===============
About SCISYS:
Employing around 500 staff, SCISYS group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom solutions and
advanced technology solutions. The Company operates in a broad
spectrum of market sectors, including Media & Broadcast, Space,
Government and Defence and Commercial sectors. SCISYS clients are
predominantly blue-chip and public-sector organisations. Customers
include the Environment Agency, the Ministry of Defence, Airbus
Defence & Space, Arqiva, Vodafone, the European Space Agency,
EUMETSAT, the BBC, RNLI, AON, Interflora and the National Trust.
The Company has UK offices in Chippenham, Bristol, Leicester and
Reading and German offices in Bochum, Darmstadt and Munich. More
information is available at www.scisys.co.uk.
This announcement has been released by Natasha Laird, Company
Secretary, on behalf of the Company.
Enquiries: Tel: 01249 466466
This information is provided by RNS
The company news service from the London Stock Exchange
END
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