Smarttech247 Group PLC Grant of Options (9615Z)
19 May 2023 - 4:00PM
UK Regulatory
TIDMS247
RNS Number : 9615Z
Smarttech247 Group PLC
19 May 2023
19 May 2023
Smarttech247 Group PLC
("Smarttech247", the "Group" or the "Company")
Grant of Options
Smarttech247, a multi-award-winning provider of AI-enhanced
cybersecurity services providing automated managed detection and
response for a portfolio of international clients, announces that
it has approved the grant of options over a total of 206,504
ordinary shares in the Company to employees. The options have an
exercise price of 29.66 pence, being the fundraising price at the
time of the Company's admission to trading on AIM on 15 December
2022.
The options have been granted pursuant to the Company's long
term incentive plan ("LTIP"), details of which are set out in the
Company's Admission Document dated 30 November 2022. In particular,
the Company has already established and issued shares to an
Employee Benefit Trust ("EBT") and it is intended that shares
subsequently issued as a result of the exercise of options will
come from the EBT thereby avoiding any dilution to the Company's
existing shareholders.
None of the options vest earlier than the first anniversary of
the date of the grant.
- Ends -
For further information please contact:
Smarttech247 Group PLC Tel: +353 21 206
6033
Ronan Murphy, Executive Chairman
Raluca Saceanu, Chief Executive Officer
Nicholas Lee, Finance Director
SPARK Advisory Partners Limited - Nominated Tel: + 44 (0) 20
Adviser 3368 3550
Mark Brady / Adam Dawes
Shard Capital - Broker Tel: +44 (0) 20
7186 9900
Damon Heath
Fortified Securities - Adviser Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Tel: +44 (0) 20
Sarah Hollins / Annabelle Wills / Bessie 3004 9512
Elliot
About Smarttech247
Smarttech247 is a multi-award winning automated MDR (Managed
Detection & Response) company. Its platform is trusted by
international organisations and provides threat intelligence with
managed detection and response to provide actionable insights, 24/7
threat detection, investigation and response.
The Company's services are geared towards proactive prevention
and it achieves this by utilising the latest in cloud, big data
analytics and machine learning, along with an experienced incident
response team.
Smarttech247's offices are located in Ireland, United Kingdom,
Romania, Poland and the USA. The Company was admitted to trading on
AIM on 15 December 2022.
For further information please visit www.smarttech247.com
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END
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