Arcontech Group PLC Grant of Options (2847J)
04 December 2018 - 3:13AM
UK Regulatory
TIDMARC
RNS Number : 2847J
Arcontech Group PLC
03 December 2018
ARCONTECH GROUP PLC
("Arcontech" or the "Company")
Grant of Options
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, announces
that on 29 November 2018 it granted options ("Options") over
ordinary shares of GBP0.125 in the Company ("Ordinary Shares")
under the Company's EMI and non EMI schemes to Matthew Jeffs (Chief
Executive), Michael Levy (Group Finance Director) and Darren Lewis
(Head of Development).
The Options have been granted at a price of 110 pence per
Ordinary Share, being the closing mid-market price of an Ordinary
Share on 28 November 2018. They will be exercisable from 30 June
2021, dependent on the Company's compound annual rate of growth in
fully diluted earnings* for the three financial years ending 30
June 2021.
The Options will vest subject to performance criteria as
follows:
- compound annual earnings growth of 10% or more - fully vested (100%);
- compound annual earnings growth between 5%-10% - partial
vesting between 0% and 100% on a sliding scale; and
- compound annual earnings growth of 5% and below - nil.
Dependent on the performance criteria above being achieved, the
number of Options that will vest and become exercisable is as
follows:
Director/PDMR Number of Options
Matthew Jeffs 100,000
------------------
Michael Levy 50,000
------------------
Darren Lewis 50,000
------------------
Any Ordinary Shares arising from the vesting of Options must be
held for a period of two years.
Following this grant, there are a total of 550,397 options
outstanding, representing approximately 4.2 per cent. of the
current issued share capital of the Company.
Further detail is set out in the PDMR disclosure tables
below.
* Fully diluted earnings will be based on: (a) the Company's
pre-tax profit excluding exceptional items and the share option
charge and (b) the current UK corporation tax rate of 19%, such
that the fully diluted earnings calculation takes no account of
R&D and deferred tax credits. For the purposes of the fully
diluted earnings calculation, the applied rate of corporation tax
will remain constant at 19% irrespective of any current or future
changes to corporation tax.
Enquiries:
Arcontech Group plc
Richard Last, Chairman and Non-Executive Director 07713 214484
Matthew Jeffs, Chief Executive 020 7256 2300
finnCap Ltd (Nomad & Broker)
Carl Holmes/Simon Hicks 020 7220 0500
To access more information on the Group please visit: www.arcontech.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 Matthew Jeffs
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Chief Executive
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
110p 100,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Levy
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
110p 50,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Darren Lewis
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Head of Development
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
110p 50,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 28 November 2018
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
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
DSHMMMGZVFGGRZM
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