Maintel Holdings PLC Grant & Exercise of Options & Total Voting Rights (3532Z)
18 September 2020 - 4:00PM
UK Regulatory
TIDMMAI
RNS Number : 3532Z
Maintel Holdings PLC
18 September 2020
Maintel Holdings Plc ("Maintel" or "the Company")
Grant of Options
Director's Holding
Exercise of Options
and Total Voting Rights
Maintel, the cloud and managed service specialist, announces the
following transactions.
Grant of Options and Director's Holding
Maintel announces that on 17 September 2020, the Company, on the
recommendation of the Remuneration Committee granted 50,000 options
over ordinary shares of 1 pence each in Maintel ("Ordinary Shares")
to Dan Davies, Chief Technology Officer, under the Company's 2015
Long-Term Incentive Plan ("LTIP") (the "Grant"). Following the
Grant, Mr Davies has a total of 75,000 options over Ordinary
Shares. The Company has also been advised that at the time of Mr
Davies' appointment to the Board, he also has a beneficial interest
over 1,395 Ordinary Shares held through the Maintel Holdings Plc
Share Incentive Plan.
The Grant was made as a market value option and therefore the
exercise price was determined by reference to the previous dealing
day's closing middle market price, being GBP2.21. The award is not
subject to the achievement of performance conditions. 100% of the
vested options are exercisable from 31 December 2023 and the
options will expire on the tenth anniversary of the date of
grant.
Exercise of Options and Total Voting Rights
The Company also announces that it has allotted a total of
24,433 new Ordinary Shares following certain option exercises.
Application has been made for the 24,433 new Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence on
21 September 2020 ("Admission").
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares. The total number of Ordinary Shares in
issue following Admission will be 14,361,492; there are no Ordinary
Shares held in treasury. Accordingly, the figure of 14,361,492 may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Ioan MacRae, Chief Executive Officer 0344 871 1122
Rufus Grig, Chief Strategy Officer
finnCap
Jonny Franklin-Adams/Emily Watts/Kate Bannatyne (Corporate Finance) 020 7220 0500
Richard Chambers (Corporate Broking)
About Maintel:
Maintel is a cloud and managed services company with a focus on
communications. Its people are experienced, trusted technology
advisors, who improve their clients' organisations through digital
transformation.
Founded in 1991, Maintel has a proven track record of delivering
communications solutions and services to both the private and
public sector. In that time, the company has gained the expertise
to solve the challenges associated with digital initiatives, and
its managed services approach ensures clients realise the full
value of their technology.
This is achieved by specialising in three key pillars of digital
transformation: making organisations more effective, efficient, and
collaborative with digital workplace solutions; allowing
organisations to acquire, develop, and retain more business by
using technology to create more meaningful customer experiences
through outstanding service; ensuring organisations' employees,
customers, and partners always have seamless access to their data
and applications through reliable, secure connectivity.
Ongoing growth of Maintel's cloud and managed services offerings
continues to allow the company to keep supporting the increasing
demands of the market.
Please visit www.maintel.co.uk for more information.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Dan Davies
----------------------------------------- ---------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status: Chief Technology Officer
----------------------------------------- ---------------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name: Maintel Holdings Plc
----------------------------------------- ---------------------------------------------
b) LEI: 2138008TDMNV6ODDI497
----------------------------------------- ---------------------------------------------
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, Options over ordinary shares of 1p each
type of instrument: GB00B046YG73
Identification code:
----------------------------------------- ---------------------------------------------
b) Nature of the transaction: Grant of options over ordinary shares under
the Company's 2015 Long-Term Incentive Plan
----------------------------------------- ---------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
221p 50,000
----------
----------------------------------------- ---------------------------------------------
d) Aggregated information: N/A - Single transaction above
* Aggregated volume:
* Price:
----------------------------------------- ---------------------------------------------
e) Date of the transaction: 17 September 2020
----------------------------------------- ---------------------------------------------
f) Place of the transaction: Off market transaction
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