Portfolio

Company Announcements

Issue of Options

By LSE RNS

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 26th 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 08th 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

John Ketteley , Executive Chairman

Jonathan Hunter, Marketing & Business Development Director

David Pearson, Group Finance Director and Company Secretary

www.elecosoft.com

Tel: 0203 857 5210

 

 

 

 

finnCap Ltd

 

Adrian Hargrave / Kate Bannatyne (Corporate Finance)

Camille Gochez (Corporate Broking)

Tel: 0207 220 0500

 

 

 

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 Financial instrument, type of instrument

Options to subscribe for new ordinary shares of 1p each

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

Price

 

See 4c) above

 

e)

Date of the transaction

Share Options as described in 4c) Granted 9th 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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