Bigblu Broadband PLC Grant of LTIP Awards and Share Options (7616P)
31 May 2018 - 4:00PM
UK Regulatory
TIDMBBB
RNS Number : 7616P
Bigblu Broadband PLC
31 May 2018
Bigblu Broadband plc
("BBB" or the "Company")
Bigblu Broadband plc
("BBB" or the "Company")
Grant of LTIP Awards and Share Options
Bigblu Broadband plc (AIM: BBB), a leading provider of
alternative fast broadband services, announces that on 30 May 2018,
the Company granted nominal-cost options over a total of 1,891,561
ordinary shares under the Company's 2018 Long Term Incentive Plan
("LTIP") to Executive Directors, senior management and certain
employees (representing 3.4% of the Company's current issued share
capital).
LTIP awards
LTIP awards have made to the following Executive Directors and
members of the senior management team and are subject to vesting
criteria over a three-year period based on total shareholder return
("TSR") targets:
Name Position Number of LTIP
awards
-------------------- --------------------- ---------------
Chief Executive
Andrew Walwyn Officer 421,907
-------------------- --------------------- ---------------
Chief Financial
Frank Waters Officer 338,968
-------------------- --------------------- ---------------
Chief Technical
Simon Clifton Officer 329,953
-------------------- --------------------- ---------------
Chief Operating
Mark Anderson Officer 183,908
-------------------- --------------------- ---------------
Christopher Hunter Chief Sales Officer 270,344
-------------------- --------------------- ---------------
Chief Marketing
Johnny Robinson Officer 270,344
-------------------- --------------------- ---------------
These awards will be based on a range of challenging absolute
TSR targets and relative TSR targets based on a broad comparator
group of companies in the AIM All Share index, over a three-year
period.
Grant of options
In addition, the Board has approved the grant of 413,333 share
options to employees both in the UK and overseas under the
Company's 2015 Unapproved Option Scheme. The options will vest 24
months from the date of grant (being 30 May 2018) and are subject
to performance conditions including EBITDA and cash flow
targets.
Contacts:
Bigblu Broadband Plc www.bbb-plc.com
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Numis Securities (Nomad Tel: +44 (0)20 7260 1000
and broker)
Oliver Hardy (Corporate
Advisory)
James Black / Jonathan
Abbott (Corporate Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
Paul Cornelius / Nick or bigblubroadband@walbrookpr.com
Rome
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 Andrew Walwyn
-------------------
Frank Waters
-------------------
Simon Clifton
-------------------
Mark Anderson
-------------------
Christopher Hunter
-------------------
Johnny Robinson
-------------------
--- ------------------------- --------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status Andrew Walwyn Chief Executive
Officer
---------------- ----------------
Frank Waters Chief Financial
Officer
---------------- ----------------
Simon Clifton Chief Technical
Officer
---------------- ----------------
Mark Anderson Chief Operating
Officer
---------------- ----------------
Christopher Chief Sales
Hunter Officer
---------------- ----------------
Johnny Robinson Chief Marketing
Officer
---------------- ----------------
--- ------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- --------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------
a) Name Bigblu Broadband Plc
--- ------------------------- --------------------------------------------
b) LEI 2138008P6X5EX455KU41
--- ------------------------- --------------------------------------------
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 Nominal-cost options over ordinary
the financial shares of GBP0.15 each
instrument, type
of instrument
---
Identification ISIN: GB00BD5JMP10
code
b) Nature of the Grant of options under the
transaction LTIP
--- ------------------------- --------------------------------------------
c. Price(s) and volume(s) Name(s) Price(s) Volumes(s)
--------------- ------------ -----------
Andrew GBP0.15
Walwyn per share 421,907
--------------- ------------ -----------
GBP0.15
Frank Waters per share 338,968
--------------- ------------ -----------
GBP0.15
Simon Clifton per share 329,953
--------------- ------------ -----------
GBP0.15
Mark Anderson per share 183,908
--------------- ------------ -----------
Christopher GBP0.15
Hunter per share 270,344
--------------- ------------ -----------
Johnny GBP0.15
Robinson per share 270,344
--------------- ------------ -----------
--- ------------------------- --------------------------------------------
d) Aggregated information:
---
- Aggregated volume Options over 1,815,424 ordinary
shares
- Price Nil cost
e) Date of the transaction 30 May 2018
--- ------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- --------------------------------------------
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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