Market Tech Holdings Limited Grant of Options (5639F)
29 July 2016 - 12:09AM
UK Regulatory
TIDMMKT
RNS Number : 5639F
Market Tech Holdings Limited
28 July 2016
28 July 2016
Market Tech Holdings Limited
("Market Tech" or the "Company")
Grant of Options
Market Tech (LSE: MKT) which owns, manages and is developing a
unique 16 acre estate of office, retail, leisure and living spaces
in London, including the iconic Camden Markets, announces the grant
of options to subscribe for a total of 2,298,599 new ordinary
shares of 10 pence each in the Company (the "Options") to certain
persons discharging managerial responsibilities ("PDMRs") and other
employees under the Company's Long Term Incentive Plan.
The Options issued to the PDMRs are detailed below:
Name Number Total number Percent.
of shares of shares of current
over which over which issued
Options options held share capital
granted following
grant
--------------------- ------------ -------------- ---------------
Charles Butler
(Chief Executive
Officer) 463,576 835,916[1] 0.18%
--------------------- ------------ -------------- ---------------
David Brown
(Chief Financial
Officer) 311,258 311,258 0.07%
--------------------- ------------ -------------- ---------------
Georg Bucher
(Head of Corporate
Development) 198,675 358,249 0.08%
--------------------- ------------ -------------- ---------------
Total 973,509 1,505,423 0.33%
--------------------- ------------ -------------- ---------------
Following the grant of the Options the total number of options
outstanding to subscribe for new ordinary shares in the Company is
3,968,6311, representing 0.85% of the Company's current issued
share capital.
The Options granted to the PDMRs and 248,344 Options granted to
certain senior members of management have an exercise price of GBP1
on each occasion of exercise and vesting is subject to the
achievement of certain performance conditions, details of which are
set out in the Company's 2016 Annual Report. The remaining
1,077,016 Options granted to employees have an exercise price of
GBP1.51 pence per share and vest on the third anniversary of the
date of grant.
This announcement relates to the notification of transactions in
accordance with DTR 3.1.2R and is given in fulfilment of the
obligation under DTR 3.1.4R.
- Ends -
Enquiries
Market Tech
Charles Butler, Chief Executive
Officer
David Brown, Chief Financial
Officer +44 (0) 20 3727
c/o FTI Consulting 1000
FTI Consulting +44 (0) 20 3727
Richard Sunderland 1000
Claire Turvey markettech@fticonsulting.com
Clare Glynn
About Market Tech
Market Tech combines the iconic Camden Market real estate assets
with digital technology to deliver a living, working, retail and
leisure environment. The Company owns approximately 16 acres of
real estate assets in Camden, including the Stables Market; Union
Street Market, (also known as Buck Street Market); Camden Lock
Market; and Hawley Wharf, (formerly known as Camden Lock Village).
It also owns separate real estate assets on Camden High Street;
Kentish Town Road; properties on Jamestown Road, (including the
Camden Wharf Building); The Interchange Building on Oval Road,
Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk
Farm Road.
The Company owns three e-commerce businesses, referred to as
Market Tech Digital. These are Stucco Media, an e-commerce
marketing platform, Glispa, a Berlin-based mobile marketing
business and Fiver, a B2C online fashion retailer.
www.market-tech.com
[1] Excludes options granted to Charles Butler in December 2014
with a value of GBP1 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 28, 2016 10:09 ET (14:09 GMT)
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