TIDMECSC
RNS Number : 8917W
ECSC Group PLC
24 August 2020
24 August 2020
ECSC Group plc
('ECSC', the 'Company' or the 'Group')
Cancellation and Grant of options
ECSC (AIM: ECSC), the provider of cyber security services,
announces that on 21 August 2020, the Company cancelled options
over 588,037 new ordinary shares in the Company ("Ordinary Shares")
in respect of the following directors, persons discharging
managerial responsibilities ("PDMRs") and employees of the
Company:
Name Position Number of options over
Ordinary Shares cancelled
Lucy Sharp Chief Operating Officer 144,758
Ian Castle Chief Technology Officer 103,602
Gemma Basharan Chief Financial Officer 64,651
Paul Lambsdown PDMR 48,952
Clare MacDonald PDMR 48,952
Liz Knight PDMR 20,000
n/a Other employees 157,122
Following the above cancellation of options over Ordinary
Shares, on 21 August 2020, the Company also granted options ("New
Options") over 588,037 new Ordinary Shares to the same directors,
PDMRs and Company employees:
Name Position Number of New Total number
Options granted of options held
as at today's
date
Chief Operating
Lucy Sharp Officer 144,758 144,758
Chief Technology
Ian Castle Officer 103,602 103,602
Chief Financial
Gemma Basharan Officer 64,651 64,651
Paul Lambsdown PDMR 48,952 48,952
Clare MacDonald PDMR 48,952 48,952
Liz Knight PDMR 20,000 20,000
n/a Other employees 157,122 157,122
The New Options are being granted pursuant to the Company's
Enterprise Management Incentive Share Option Scheme (EMI Scheme)
and have an exercise price of 65p per Ordinary Share, being the
Company's closing mid-market share price on the date of grant. The
New Options may vest and become exercisable at any time over a
ten-year period from the date of grant subject to the Company's
closing mid-market share price exceeding 167p per Ordinary Share
for 10 consecutive business days.
Following the above cancellation and grant of options over
Ordinary Shares, the Company has 794,448 options in issue over
Ordinary Shares, representing 7.9% per cent. of the Company's
issued share capital and voting rights.
The FCA notifications in respect of the above cancellation and
grant of options over Ordinary Shares, made in accordance with the
requirements of the EU Market Abuse Regulation, are appended
below.
Enquiries:
ECSC Group plc (including press enquiries)
David Mathewson, Non-Executive Chairman
Ian Mann, Chief Executive Officer +44 (0) 1274 736 223
Allenby Capital Limited (Nominated Adviser
and Broker)
David Hart/Asha Chotai (Corporate Finance)
Tony Quirke (Sales)
For more information please visit the following:
https://investor.ecsc.co.uk/ +44 (0) 203 3285 656
Notes to Editors
AIM listed ECSC Group plc, is the UK's longest running, full
service cyber security provider. Its consultancy-led approach, in
addition to its custom methodologies and in-house proprietary
technologies, enables ECSC to support all organisations across
every sector. ECSC has significant intellectual property, including
Artificial Intelligence delivering remotely managed cyber security
breach detection.
Established in 2000, ECSC operates from two Security Operations
Centres (SOCs), one in the UK, based in Yorkshire and the second in
Brisbane, Australia allowing ECSC to provide true 24/7/365 cyber
security monitoring, detection and incident response. ECSC also
helps organisations test their cyber security, prevent breaches and
achieve industry certifications.
The senior management team has over 80 years combined experience
within the Company, and has delivered consecutive organic growth
for the last 20 years.
ECSC's client list ranges from e-commerce start-ups to global
organisations, and the Company counts 10% of the FTSE 100 amongst
its clients.
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 Lucy Sharp Chief Operating
Officer
Ian Castle Chief Technology
Officer
Gemma Basharan Chief Financial
Officer
Paul Lambsdown PDMR
Clare MacDonald PDMR
Liz Knight PDMR
-------------------------- ------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status See above
-------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name ECSC Group plc
-------------------------- ------------------------------------------------
b) LEI 213800CG9B473DGJDC94
-------------------------- ------------------------------------------------
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 0.1p
financial instrument, each in ECSC Group plc
type of instrument Identification code (ISIN) for ECSC
Identification code Group plc ordinary shares: GB00BYMJ4J99
-------------------------- ------------------------------------------------
b) Nature of the transaction Cancellation of options over ordinary
shares of 0.1p each in the Company
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Director / No. of options Exercise
PDMR cancelled price
Lucy Sharp 144,758 Between 78p
and 167p
Ian Castle 103,602 Between 78p
and 167p
Gemma Basharan 64,651 Between 78p
and 167p
Paul Lambsdown 48,952 Between 78p
and 167p
Clare MacDonald 48,952 Between 78p
and 167p
Liz Knight 20,000 Between 78p
and 93p
-------------------------- ------------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- ------------------------------------------------
e) Date of the transaction 21 August 2020
-------------------------- ------------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lucy Sharp Chief Operating
Officer
Ian Castle Chief Technology
Officer
Gemma Basharan Chief Financial
Officer
Paul Lambsdown PDMR
Clare MacDonald PDMR
Liz Knight PDMR
-------------------------- ----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status See above
-------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name ECSC Group plc
-------------------------- ----------------------------------------------
b) LEI 213800CG9B473DGJDC94
-------------------------- ----------------------------------------------
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 0.1p
financial instrument, each in ECSC Group plc
type of instrument Identification code (ISIN) for ECSC
Identification code Group plc ordinary shares: GB00BYMJ4J99
-------------------------- ----------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 0.1p each in the Company
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Director / No. of options Exercise
PDMR granted price
Lucy Sharp 144,758 65p
Ian Castle 103,602 65p
Gemma Basharan 64,651 65p
Paul Lambsdown 48,952 65p
Clare MacDonald 48,952 65p
Liz Knight 20,000 65p
-------------------------- ----------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- ----------------------------------------------
e) Date of the transaction 21 August 2020
-------------------------- ----------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ----------------------------------------------
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