Arcontech Group PLC Grant of Options (6250D)
21 October 2022 - 5:00PM
UK Regulatory
TIDMARC
RNS Number : 6250D
Arcontech Group PLC
21 October 2022
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 21 October 2022 it granted a total of 120,000 options
("Options") over ordinary shares of GBP0.125 in the Company
("Ordinary Shares") under the Company's EMI and non EMI schemes to
various employees.
Options were granted to the following persons disclosing
managerial responsibility ("PDMRs"): Matthew Jeffs (Chief
Executive), Ben Hodges (Finance Director) and Darren Lewis (Head of
Development).
The Options have been granted at a price of 76.5p pence per
Ordinary Share, being the closing mid-market price of an Ordinary
Share on 20 October 2022. They will be exercisable from 30 June
2025.
For Matthew Jeffs and Darren Lewis, the Options will vest
subject to the Company's compound annual rate of growth in fully
diluted earnings* for the three financial years ending 30 June
2025, 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
maximum number of Options that will vest and become exercisable is
as follows:
Director/PDMR Number of Options
Matthew Jeffs 50,000
------------------
Darren Lewis 20,000
------------------
Any Ordinary Shares arising from the vesting of performance
based Options must be held for a period of two years.
Ben Hodges has been granted 5,000 Options that are not subject
to performance criteria. The 50,000 Options granted to non-PDMR
employees are also not subject to performance criteria.
Following this grant, there are a total of 666,500 options
outstanding, representing approximately 5.0% 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 020 7256 2300
Geoff Wicks, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive
finnCap Ltd (Nomad & Broker)
Carl Holmes/George Dollemore (corporate finance)
Harriet Ward (ECM) 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)
76.5 p 50,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 21 October 2022
------------------------------- -----------------------------------------
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)
76.5 p 20,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 21 October 2022
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name B en Hodges
------------------------------- -----------------------------------------
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)
76.5 p 5,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 21 October 2022
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
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