TIDMMIRI
RNS Number : 9761G
Mirriad Advertising PLC
12 November 2018
Mirriad Advertising plc
long term incentive plan
12 November 2018
Mirriad Advertising plc
("Mirriad" or the "Group")
Long Term Incentive Plan & Director Dealing
Mirriad, a video technology business delivering next generation
in-video branding announces grants of market priced options under
its Long Term Incentive Plan ("LTIP") set up as part of its IPO in
December 2017 to four existing senior staff.
The LTIP was established to incentivise management to increase
shareholder value over the long term. The Remuneration Committee is
keen to ensure that remuneration for the Company's senior team will
be effective and fair and motivate them to deliver success for the
Company, its shareholders and employees.
The following awards have been granted:
Director/PDMR Role Share Options
CFO & Executive
David Dorans Board Director 394,210
---------------------- --------------
Dr Phil McLauchlan Chief Scientist 250,000
---------------------- --------------
Simon Redding Head of Engineering 200,000
---------------------- --------------
Jamie Allen Financial Controller 175,000
---------------------- --------------
The options vest in three equal installments on the first,
second and third anniversaries of the date of grant with an
exercise price of 19.5 pence which is equal to the market value,
determined by reference to the closing price (as derived from the
London Stock Exchange Daily Official List) on the day before
grant.
David Dorans, Dr Phil McLauchlan and Jamie Allen hold no other
share options in the Company.
Simon Redding holds 63,917 existing market priced share options
in the Company.
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing David Dorans
----------------------------------------- ------------------------------------------
2. Reason for notification
-------------------------------------------------------------------------------------
(b) Position/status CFO & Executive Board
Director
----------------------------------------- ------------------------------------------
(c) Initial notification/ Amendment Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
(d) Name of entity Mirriad Advertising
plc
----------------------------------------- ------------------------------------------
(e) LEI 213800ZKOK9GIME7HE62
----------------------------------------- ------------------------------------------
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
type of instrument shares in the Company
----------------------------------------- ------------------------------------------
(b) Identification code GB00BF52QY14
----------------------------------------- ------------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
19.5 pence 394,210
----------------------------------------- ------------------------------------------
(e) Aggregated information: Single transaction
- Aggregated volume as in 4(d) above Prices(s) Volume(s)
- Price 19.5 pence 394,210
----------
----------------------------------------- ------------------------------------------
(f) Date of transaction 9 November 2018
----------------------------------------- ------------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ------------------------------------------
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Dr Phil McLauchlan
----------------------------------------- ---------------------------------------
2. Reason for notification
----------------------------------------------------------------------------------
(a) Position/status Chief Scientist
----------------------------------------- ---------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
(a) Name of entity Mirriad Advertising
plc
----------------------------------------- ---------------------------------------
(b) LEI 213800ZKOK9GIME7HE62
----------------------------------------- ---------------------------------------
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
type of instrument shares in the Company
----------------------------------------- ---------------------------------------
(b) Identification code GB00BF52QY14
----------------------------------------- ---------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
19.5 pence 250,000
----------
----------------------------------------- ---------------------------------------
(e) Aggregated information: Single transaction as
- Aggregated volume in 4(d) above Prices(s) Volume(s)
- Price 19.5 pence 250,000
----------
----------------------------------------- ---------------------------------------
(f) Date of transaction 9 November 2018
----------------------------------------- ---------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ---------------------------------------
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Simon Redding
----------------------------------------- ---------------------------------------
2. Reason for notification
----------------------------------------------------------------------------------
(a) Position/status Head of Engineering
----------------------------------------- ---------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
(a) Name of entity Mirriad Advertising
plc
----------------------------------------- ---------------------------------------
(b) LEI 213800ZKOK9GIME7HE62
----------------------------------------- ---------------------------------------
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
type of instrument shares in the Company
----------------------------------------- ---------------------------------------
(b) Identification code GB00BF52QY14
----------------------------------------- ---------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
19.5 pence 200,000
----------
----------------------------------------- ---------------------------------------
(e) Aggregated information: Single transaction as
- Aggregated volume in 4(d) above Prices(s) Volume(s)
- Price 19.5 pence 200,000
----------
----------------------------------------- ---------------------------------------
(f) Date of transaction 9 November 2018
----------------------------------------- ---------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ---------------------------------------
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name of person Dealing Jamie Allen
----------------------------------------- ---------------------------------------
2. Reason for notification
----------------------------------------------------------------------------------
(a) Position/status Financial Controller
----------------------------------------- ---------------------------------------
(b) Initial notification/ Amendment Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
(a) Name of entity Mirriad Advertising
plc
----------------------------------------- ---------------------------------------
(b) LEI 213800ZKOK9GIME7HE62
----------------------------------------- ---------------------------------------
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
type of instrument shares in the Company
----------------------------------------- ---------------------------------------
(b) Identification code GB00BF52QY14
----------------------------------------- ---------------------------------------
(c) Nature of the transaction Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
19.5 pence 175,000
----------
----------------------------------------- ---------------------------------------
(e) Aggregated information: Single transaction as
- Aggregated volume in 4(d) above Prices(s) Volume(s)
- Price 19.5 pence 175,000
----------
----------------------------------------- ---------------------------------------
(f) Date of transaction 9 November 2018
----------------------------------------- ---------------------------------------
(g) Place of transaction Outside a trading venue
----------------------------------------- ---------------------------------------
About Mirriad
Mirriad is a video technology company delivering in-video
advertising by naturally blending brand advertising into popular
entertainment content.
Using sophisticated technologies, Mirriad creates advertising
opportunities within existing premium video across multiple shows.
Advertisers can now reach very large target audiences in a
contextually relevant way without interrupting the viewing
experience. The new ad format can be used alone or combined with
other media and is aligned with existing media trading.
Research has consistently shown in-video advertising to be
highly effective, safe and measurable for the marketer and
preferred by audiences on TV, online, and mobile.
Mirriad is headquartered in London, with International offices
in New York, Mumbai, Shanghai and São Paulo.
Enquiries:
Mirriad Advertising plc Tel: +44 (0)207 884 2530
Stephan Beringer, Chief Executive
Officer
David Dorans, Chief Financial
Officer
Numis Securities Limited Tel: +44 (0) 207 260 1200
(Nominated Adviser & Broker)
Nick Westlake (Nomad)
Michael Wharton
James Black
Hudson Sandler LLP Tel: +44 (0) 20 7796 4133
(Financial Public Relations)
Daniel de Belder
Bertie Berger
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END
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