Eagle Eye Solutions Group PLC Issue of share options (2250W)
11 November 2017 - 3:03AM
UK Regulatory
TIDMEYE
RNS Number : 2250W
Eagle Eye Solutions Group PLC
10 November 2017
10 November 2017
Eagle Eye Solutions Group plc
("Eagle Eye", the "Group", or the "Company")
Issue of share options
Eagle Eye, the SaaS technology company that allows businesses to
create a real-time connection with their customers. announces that
the following options over ordinary shares of 1p each in Eagle Eye
("Ordinary Shares") were granted on 9 November 2017 to the
following Executive Directors and senior personnel of Eagle Eye, as
follows:
Number of Total number % of
Ordinary of Ordinary existing
Shares subject Shares issued
Director/Senior to option under option share
Personnel Role grant post grant capital
--------------------- ------ ---------------- -------------- ----------
Tim Mason CEO 305,550 970,103 3.8%
--------------------- ------ ---------------- -------------- ----------
Steve Rothwell CTO 47,527 763,695 3.0%
--------------------- ------ ---------------- -------------- ----------
Lucy Sharman-Munday CFO 47,527 303,492 1.2%
--------------------- ------ ---------------- -------------- ----------
Helen Slaven CSO 47,527 254,837 1.0%
--------------------- ------ ---------------- -------------- ----------
David Aylmer COO 43,333 91,526 0.4%
--------------------- ------ ---------------- -------------- ----------
These awards have been made under the Eagle Eye Solutions Plc
Long Term Incentive Plan scheme. Each option has an exercise price
of 1p per share.
Recognising the progress made by the Company under Tim Mason's
guidance, the Remuneration Committee of the Company have awarded
221,679 options to him which vest in accordance with the previous
year's Long Term Incentive Plan performance criteria, vesting
between 30 June 2019 and 30 June 2020 subject to revenue
performance criteria and a minimum share price performance hurdle
of 106.0p, the Company's share price when the other options under
the previous year's Long Term Incentive Plan were granted.
All other options above have been granted under the current
year's Long Term Incentive Plan performance criteria, vesting
between 30 June 2020 and 30 June 2021 subject to revenue
performance criteria and also have a minimum share price
performance hurdle, based on the Company's share price at the date
of grant of 232.5p.
Following the new grant of options and assuming all vesting
criteria is met, the fully diluted number of Ordinary Shares would
be 28,541,676; of which the total number of Ordinary Shares over
which options currently issued and outstanding represent 11.0% of
the fully diluted number of Ordinary Shares.
1 Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name 1. Tim Mason
2. Steve Rothwell
3. Lucy Sharman-Munday
4. Helen Slaven
5. David Aylmer
--- --------------------------------------------------- ------------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Technology Officer
3. Chief Financial Officer
4. Chief Sales Officer
5. 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 Eagle Eye Solutions Group plc
--- --------------------------------------------------- ------------------------------------------------------------
b) LEI 2138002S1AIBVVMZ7A21
--- --------------------------------------------------- ------------------------------------------------------------
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 financial instrument, type of Options over Ordinary shares of 1p each
instrument
GB00BKF1YD83
Identification code
--- --------------------------------------------------- ------------------------------------------------------------
b) Nature of transaction Grant of Options
--- --------------------------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- --------------------------------------------------- ------------------------------------------ ----------------
1. GBP0.01 exercise price per share 1. 305,550
2. GBP0.01 exercise price per share 2. 47,527
3. GBP0.01 exercise price per share 3. 47,527
4. GBP0.01 exercise price per share 4. 47,527
5. GBP0.01 exercise price per share 5. 43,333
--- --------------------------------------------------- ------------------------------------------ ----------------
Aggregated information 491,464 options
- Aggregated volume GBP4,914.64 combined exercise price
- Price
--- --------------------------------------------------- ------------------------------------------------------------
e) Date of the transaction 9 November 2017
--- --------------------------------------------------- ------------------------------------------------------------
f) Place of the transaction Outside of a trading venue
--- --------------------------------------------------- ------------------------------------------------------------
For further information, please contact:
Tim Mason, Chief Executive Officer Tel: 0844 824 3686
Lucy Sharman-Munday, Chief Financial
Officer
Investec (Nominated Advisor and Broker)
Corporate Finance: David Anderson Tel: 020 7597 5970
/ Sebastian Lawrence
Corporate Broking: Matt Lewis / Rob Baker
Hudson Sandler
Nick Lyon/Hattie O'Reilly Tel: 020 7796 4133
Information on Eagle Eye
www.eagleeye.com
Eagle Eye is a leading SaaS technology company that allows
businesses to create a real-time connection with their
customers.
The Company's digital marketing platform, Eagle Eye AIR, enables
the secure, real-time, multi-channel issuance, management and
redemption of digital promotions and rewards, replacing previously
used paper-based methods. Our Eagle Eye platform creates a network
effect between merchants, distributors and brands enabling stronger
connections and value to all parties. Through our four products we
enable brands and merchants to reduce cost, improve their customer
offer and accelerate their innovation.
The Company's current customer base comprises leading names in
UK grocery, retail and hospitality including John Lewis, Asda, J
Sainsbury, Greggs, JD Sports, Ladbrokes, Marks & Spencer,
Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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