IQGeo Group PLC Director/PDMR Shareholding - Grant Of Options (1614H)
02 August 2021 - 4:00PM
UK Regulatory
TIDMIQG
RNS Number : 1614H
IQGeo Group PLC
02 August 2021
IQGeo Group plc
(the "Company" or the "Group")
Grant of Options
IQGeo Group plc (AIM: IQG), a leading developer of geospatial
productivity and collaboration software for telecoms and utility
network operators, announces the grant of options over a total of
330,000 new ordinary shares of 2 pence each in the Company
("Ordinary Shares") ("Options") to Richard Petti, Chief Executive
Officer, and Haywood Chapman, Chief Financial Officer.
These Options have been granted pursuant to and in accordance
with the terms of the Group's existing 2020 Share Option Plan (as
described in the Company's announcement of 3 December 2020) and on
the recommendation of the Company's Remuneration Committee. Richard
Petti has been awarded 150,000 Options and Haywood Chapman awarded
180,000 Options.
The exercise price for these Options is 105.00 pence, being the
approximate 30-day volume-weighted average price from 23 March
2021, the date on which the financial results for the year ended 31
December 2020 were announced. The vesting conditions remain in line
with options previously issued under the 2020 Share Option Plan
with Options vesting in portions of one third on the first, second
and third anniversaries of grant and have no further performance
conditions other than ongoing employment on the date of vesting.
The Options will be subject to a two-year holding period from
vesting point, with sales only permitted to sell shares sufficient
to cover the exercise cost and any tax liability within this
holding period. The Options will vest in full on a change of
control.
Following these transactions, Mr. Petti's beneficial interest
remains at 197,764 Ordinary Shares, representing 0.35 per cent. of
the total issued share capital and he now holds 1,750,000 options
over Ordinary Shares. Mr. Chapman's beneficial interest in the
Company remains at 131,228 Ordinary Shares, representing 0.23 per
cent. of the total issued share capital . In addition he now holds
680,000 options over Ordinary Shares.
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Notes to editors
IQGeo's end-to-end geospatial software improves productivity and
collaboration across enterprise planning, design, construction,
maintenance and sales processes for telecoms and utility network
operators. Our mobile-first enterprise solutions create and
maintain, an accurate view of complex network assets that is easily
accessible by anyone, wherever and whenever needed.
Specialized applications combined with our open IQGeo Platform
help network operators create a single source of network truth to
meet their digital transformation ambitions and operational KPIs.
Our award-winning, cloud-enabled solutions save time and money, and
improve safety and productivity, while enhancing customer
satisfaction.
With over 50,000 active software users, IQGeo has an established
and rapidly growing customer base with telecoms and utility
companies worldwide.
IQGeo trades on AIM with the ticker IQG.
For additional information please visit www.iqgeo.com
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU No. 596/2014) which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them are set out below pursuant to the EU Market
Abuse regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Haywood Chapman
----------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
----------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name IQGEO Group plc
----------------------- ---------------------------------------
b) LEI 213800P2PCLCEFANB194
----------------------- ---------------------------------------
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 2p Ordinary Shares
of the financial
instrument,
type of instrument ISIN: GB00B3NCXX73
Identification
code
----------------------- ---------------------------------------
b) Nature of the Grant of Options over Ordinary Shares
transaction
----------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 180,000
----------
----------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
----------------------- ---------------------------------------
e) Date of the 30th July 2021
transaction
----------------------- ---------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Petti
----------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
----------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name IQGEO Group plc
----------------------- ---------------------------------------
b) LEI 213800P2PCLCEFANB194
----------------------- ---------------------------------------
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 2p Ordinary Shares
of the financial
instrument,
type of instrument ISIN: GB00B3NCXX73
Identification
code
----------------------- ---------------------------------------
b) Nature of the Grant of Options over Ordinary Shares
transaction
----------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) nil 150,000
----------
----------------------- ---------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
----------------------- ---------------------------------------
e) Date of the 30(th) July 2021
transaction
----------------------- ---------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- ---------------------------------------
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END
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