Amino Technologies PLC Grant of Share Options (8878G)
20 March 2020 - 6:00PM
UK Regulatory
TIDMAMO
RNS Number : 8878G
Amino Technologies PLC
20 March 2020
20 March 2020
AMINO TECHNOLOGIES PLC
(" Amino ", the "Company" or the " Group ")
Grant of Share Options
Amino Technologies plc (LSE AIM: AMO), the global provider of
media and entertainment technology solutions, announces that the
Group's Remuneration Committee and the Board have granted 130,000
options over the Company's ordinary shares of 1.0p each ("Ordinary
Shares") to Joachim Bergman, co-CEO of 24i. These are nil-cost
options and subject to continued employment and the meeting of
certain performance conditions. The options will vest over 3
years.
The Board of the Group considers share options an effective and
important mechanism to incentivise and retain Joachim Bergman and
to align him with shareholder interests. In addition, the Board has
included Mr Bergman in the existing special bonus scheme which
would pay out, in the event of a change of control, a sum linked to
the growth in share price. If this bonus becomes payable, it can be
paid either in cash, or in shares of equivalent monetary value at
the change of control share price, subject to the discretion of the
Remuneration Committee at the time.
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
For further information please contact:
Amino Technologies PLC +44 (0)1954 234100
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Broker) +44 (0)20 7220 0500
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance)
Tim Redfern / Richard Chambers (Equity Capital Markets)
FTI Consulting (Financial communications) +44 (0)20 3727 1000
Jamie Ricketts / Chris Birt / Gregory Hynes
About Amino Technologies plc
Amino Technologies plc is a new breed of Media Tech business,
focused on enabling operators to meet the challenge of the rapidly
converging worlds of broadcast and next-generation streaming
services. We believe the operators that will succeed will be those
that allow consumers to control how, when and where they "watch TV"
and consume video. The smart operator will enable each consumer to
define what TV means to them.
It is our mission to anticipate the technological and consumer
behavioural trends so that we can keep on creating the solutions
that enable operators and media companies to drive growth in
engagement and profitability while embracing the inevitable
disruption to the video market. The Group meets these challenges
through combining its award-winning IP/cloud platforms and deep
deployment expertise to create solutions that enable our customers
to design and deliver innovative and profitable next-generation
video experiences.
Amino Technologies plc consists of two operating companies
providing transformational media experiences: Amino Communications,
with TV-centric solutions and 24i, focused on streaming and OTT
experiences.
24i and Amino Communications are subsidiaries of Amino
Technologies PLC which is listed on the London Stock Exchange
Alternative Investment Market (AIM: symbol AMO), headquartered in
Cambridge, Amino has offices in New York, Los Angeles, San
Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong.
For more details, visit https://investor.aminocom.com/
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Joachim Bergman, co-CEO of 24i
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Classified as PDMRs of the Company
-------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Amino Technologies plc
-------------------------- ---------------------------------------
b) LEI 21380068JIMBNNZJL315
-------------------------- ---------------------------------------
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 over Ordinary Shares of 1.0p
financial instrument, each
type of instrument
-------------------------- ---------------------------------------
b) Identification code GB00B013SN63
-------------------------- ---------------------------------------
c) Nature of the transaction Grant of New Options
-------------------------- ---------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
1. Nil-cost 1. 130,000 options
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 130,000 options over ordinary shares
- Price Nil-cost
-------------------------- ---------------------------------------
e) Date of the transaction 19 March 2020
-------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ---------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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