Elecosoft PLC Issue of Options (7412N)
28 October 2016 - 7:26PM
UK Regulatory
TIDMELCO
RNS Number : 7412N
Elecosoft PLC
28 October 2016
Elecosoft plc
("Elecosoft" or "the Company")
Issue of Options
Elecosoft plc (AIM: ELCO), the AIM-listed construction software
specialist, announces that yesterday the Company issued a total of
750,000 options to subscribe for new ordinary shares in the Company
under the Elecosoft 2015 Share Option Plan, as adopted by the
shareholders at the AGM on 26 May 2016, to various directors of the
Company (the "Options"). The Options shall vest if, and only if,
the performance targets listed below are met:
1. Revenue of the Company as per the Accounts for the year ended
31 December 2018 is at least GBP21,400,000; and
2. EPS as per the Accounts for the year ended 31 December 2018 is at least 2.76 pence.
If either of the performance targets is not met, the Options
shall lapse.
The options are exercisable at 28.7 pence and will expire on 26
October 2026. Details of director and other PDMR option awards are
included in the disclosure notices at the end of this
announcement.
Director/PDMR Options Total options
issued held post
issue
John Ketteley 250,000 250,000
Graham Spratling 150,000 150,000
Jason Ruddle 200,000 200,000
Jonathan Hunter 150,000 150,000
For further information, please
contact:
Elecosoft plc
John Ketteley (Executive Chairman) Tel: 020 7857 5210
Jonathan Hunter (Group Marketing
and Business Development Director)
finnCap Ltd
Adrian Hargrave / Kate Bannatyne Tel: 020 7220 0500
(Corporate Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications
Rebecca Sanders-Hewett / David Tel: 020 7382 4730
Ison elecosoft@redleafpr.com
/ Susie Hudson
About Elecosoft
Elecosoft is listed on the Alternative Investment Market in
London (AIM: ELCO). It is a specialist international provider of
software and related services to the architectural, engineering,
construction and digital marketing industries from centres of
excellence in the UK, Sweden, Germany and the US. Elecosoft's
market leading software solutions are developed by teams in the
United Kingdom, Sweden and Germany; and its software programs cover
project management, construction site management, estimating,
timber engineering, 3D design and visualisation, and cloud based
digital marketing solutions.
For more information, please visit www.elecosoft.com
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
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 John Ketteley
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Executive Chairman
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------
3. Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Elecosoft plc
--- ------------------------------- ---------------------------
b) LEI N/A
--- ------------------------------- ---------------------------
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 Options to subscribe
of the Financial for new ordinary shares
instrument, of 1p each
type of instrument
---
Identification ELCO GB0003081246
code
--- ------------------------------- ---------------------------
b) Nature of Grant of options
the transaction
--- ------------------------------- ---------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------ ----------
28.7 pence 250,000
------------ ----------
--- ------------------------------- ---------------------------
d) Aggregated
information: n/a - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the Share Option Granted
transaction 27(th) October 2016
--- ------------------------------- ---------------------------
f) Place of Outside of a trading
the transaction venue
--- ------------------------------- ---------------------------
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 Graham Spratling
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Group 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 Elecosoft plc
--- ------------------------------- ---------------------------
b) LEI N/A
--- ------------------------------- ---------------------------
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 Options to subscribe
of the Financial for new ordinary shares
instrument, of 1p each
type of instrument
---
Identification ELCO GB0003081246
code
--- ------------------------------- ---------------------------
b) Nature of Grant of options
the transaction
--- ------------------------------- ---------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------ ----------
28.7 pence 150,000
------------ ----------
--- ------------------------------- ---------------------------
d) Aggregated
information: n/a - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the Share Option Granted
transaction 27(th) October 2016
--- ------------------------------- ---------------------------
f) Place of Outside of a trading
the transaction venue
--- ------------------------------- ---------------------------
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 Jason Ruddle
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Chief Operating Officer
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------
3. Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Elecosoft plc
--- ------------------------------- ---------------------------
b) LEI N/A
--- ------------------------------- ---------------------------
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 Options to subscribe
of the Financial for new ordinary shares
instrument, of 1p each
type of instrument
---
Identification ELCO GB0003081246
code
--- ------------------------------- ---------------------------
b) Nature of Grant of options
the transaction
--- ------------------------------- ---------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------ ----------
28.7 pence 200,000
------------ ----------
--- ------------------------------- ---------------------------
d) Aggregated
information: n/a - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the Share Option Granted
transaction 27(th) October 2016
--- ------------------------------- ---------------------------
f) Place of Outside of a trading
the transaction venue
--- ------------------------------- ---------------------------
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 Jonathan Hunter
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Group Marketing and
Business Development
Director
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------
3. Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Elecosoft plc
--- ------------------------------- ---------------------------
b) LEI N/A
--- ------------------------------- ---------------------------
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 Options to subscribe
of the Financial for new ordinary shares
instrument, of 1p each
type of instrument
---
Identification ELCO GB0003081246
code
--- ------------------------------- ---------------------------
b) Nature of Grant of options
the transaction
--- ------------------------------- ---------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------ ----------
28.7 pence 150,000
------------ ----------
--- ------------------------------- ---------------------------
d) Aggregated
information: n/a - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the Group Marketing and
transaction Business Development
Director
--- ------------------------------- ---------------------------
f) Place of Outside of a trading
the transaction venue
--- ------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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