Castleton Technology PLC Grant of Options under SAYE Scheme (1245O)
01 October 2019 - 4:01PM
UK Regulatory
TIDMCTP
RNS Number : 1245O
Castleton Technology PLC
01 October 2019
Castleton Technology PLC
("Castleton", the "Company" or the "Group")
Grant of Options under SAYE Scheme
Castleton Technology PLC, a leading supplier of complementary
software and managed services to the public and not-for-profit
sector, is pleased to announce that it has launched a second Save
As You Earn ("SAYE") share scheme for all its permanent
employees.
Eligible employees were invited to subscribe for options
("Options") over the Company's ordinary shares of 2 pence each
("Ordinary Shares") at an exercise price of 80.0 pence per Ordinary
Share, representing a 20% discount to the closing middle market
price of an Ordinary Share on 19 August 2019, the dealing day
before the invitation to participate was made. The Options have a
contract start date of 1 October 2019 and are exercisable from 1
October 2022.
A total of 60 out of 150 eligible employees have elected to
participate in the SAYE schemes. A total of 157,275 Options have
been granted in the 2019 scheme, representing 0.2% of the Company's
current issued share capital.
Dean Dickinson (CEO) has elected to participate in the SAYE
scheme and is included in the total figures above. His individual
Option grant pursuant to the SAYE scheme is as follows:
Dean Dickinson: 9,000 Options
As a result of these Option grants, Dean Dickinson has the
following direct interests in Ordinary Shares:
Director Ordinary Shares held Number of Options granted Total number of options Total interest in
over Ordinary Shares Ordinary Shares as a
percentage of current
issued share capital
Dean Dickinson 185,000 9,000 2,696,449 (note 1) 3%
Note 1 -The total options are held by way of a combination of
EMI Options, SAYE options and Growth Shares.
The notification at the end of this announcement, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further detail of the Options granted.
Enquiries:
Castleton Technology plc Tel. +44 (0)845
Dean Dickinson, Chief Executive Officer 241 0220
Haywood Chapman, Chief Financial Officer
finnCap Ltd Tel. +44 (0)20
Jonny Franklin-Adams / Simon Hicks (Corporate 7220 0500
Finance)
Andrew Burdis (ECM)
Alma PR Tel. +44(0) 7780
Rebecca Sanders-Hewett / Helena Bogle 901979
About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary
software and managed services to the public and not-for-profit
sectors. The Group is a 'one stop shop', providing integrated
housing systems via the Cloud, working in partnership with its
customers and resellers to help drive efficiencies whilst improving
controls and customer service. www.castletonplc.com
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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 Dean Dickinson
------------------------------- ----------------------------------------
2. Reason for the Notification
-------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Castleton Technology plc
------------------------------- ----------------------------------------
b) LEI 2138007AHX5UT6CO5L76
------------------------------- ----------------------------------------
4.1 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 Options over ordinary shares of 2 pence
the Financial each ("Options")
instrument, type
of instrument
Identification n/a
code
------------------------------- ----------------------------------------
b) Nature of the Grant of Options
transaction
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
80.0p 9,000
----------
------------------------------- ----------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 1 October 2019
------------------------------- ----------------------------------------
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
DSHLIFVTAFIIVIA
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