Software Circle PLC Grant of options (6884X)
22 December 2023 - 6:01PM
UK Regulatory
TIDMSFT
RNS Number : 6884X
Software Circle PLC
22 December 2023
22 December 2023
Software Circle plc
("Software Circle" or the "Company" or the "Group")
Grant of options
Software Circle (AIM: SFT) announces that it has granted a total
of 16,151,332 share options (the "Options") to persons discharging
managerial responsibilities ("PDMRs") as set out in the below
table. These Options have been granted pursuant to Software
Circle's Share Option Plan ("SOP") which was approved by
shareholders at the General Meeting of the Company held on 15
September 2023, with all Options having been granted on the same
terms.
All of the Options have been granted with an exercise price of
16.60 pence. The Options begin to vest annually pro rata from 29
September 2027 and become fully exercisable from 29 September
2030.
Following the grant of the Options, including the Company Share
Option Plan announced on 6 October 2023, Software Circle's entire
option pool is equivalent to 5% of the Company's current issued
ordinary share capital.
The FCA notification, made in accordance with the requirements
of the UK Market Abuse Regulation is appended further below.
For further information:
Software Circle plc
Gavin Cockerill (CEO) 07968 510 662
Allenby Capital Limited (Nominated Adviser and broker) 0203 328 5656
David Hart / Piers Shimwell (Corporate Finance)
Stefano Aquilino / Joscelin Pinnington (Sales and Corporate
Broking)
Notes to editors:
Software Circle plc is a UK based acquirer of vertical market
software businesses. Our aim is to help founders find the right
exit strategy, without fuss or drama. Continuing operations in an
independent, decentralised way. Keeping the entrepreneurial spirit
and culture that exists in the businesses we acquire. Providing a
permanent home for their teams, management talent and culture.
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 1. Gavin Cockerill
2. Iain Brown
3. Richard Lightfoot
4. Roman Rothenberg
--------------------------------- -------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status 1. PDMR (Chief Executive Officer)
2. PDMR (Chief Financial Officer)
3. PDMR (Director & Company
Secretary)
4. PDMR (M&A Director)
--------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Notification
--------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Software Circle plc
--------------------------------- -------------------------------------
b) LEI 213800OKTI2518K5KM22
--------------------------------- -------------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
Identification code ISIN: GB0009638130
--------------------------------- -------------------------------------
b) Nature of the transaction Grant of options
--------------------------------- -------------------------------------
b) Price(s) and volume(s) Price(s) Volume(s)
1. 16.6p 1. 4,037,833
2. 16.6p 2. 4,037,833
3. 16.6p 3. 4,037,833
4. 16.6p 4. 4,037,833
--------------------------------- -------------------------------------
d) Aggregated information:
* Aggregated volume N/A (single transactions)
N/A (single transactions)
* Price
--------------------------------- -------------------------------------
e) Date of the transaction 21 December 2023
--------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- -------------------------------------
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END
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