SysGroup PLC LTIP Grant (6993U)
16 July 2018 - 4:00PM
UK Regulatory
TIDMSYS
RNS Number : 6993U
SysGroup PLC
16 July 2018
SysGroup plc
("SysGroup" or the "Group")
Grant under Long Term Incentive Plan
SysGroup plc (AIM: SYS), the Managed IT Services and Cloud
Hosting provider, announces the grant of 450,000 performance shares
with an exercise price of GBP0.01 (the "Award") under the recently
announced Long Term Incentive Plan ("LTIP") to Martin Audcent,
Chief Financial Officer, who today joined the Board of the
Group.
The LTIP was established in June 2018 to incentivise management
to deliver long-term value creation for shareholders and ensure
alignment with shareholder interests. The Award is subject to the
same performance conditions as those set out in the announcement of
29 June 2018.
The Award represents 1.95% of the current issued share capital
of the Company.
The Award is also subject to continued employment, malus and
clawback provisions and will vest in full on a takeover of the
Company.
For further information please contact:
SysGroup plc Tel: 0151 559 1777
Adam Binks, CEO
Martin Audcent, CFO
Shore Capital (Nomad and Broker) Tel: 020 7408 4090
Edward Mansfield / Anita Ghanekar
Alma PR (Financial PR) Tel: 020 8004 4218
Josh Royston / Helena Bogle
About SysGroup
SysGroup is a leading provider of Managed IT Services, Cloud
Hosting, and expert IT Consultancy. The Group delivers solutions
that enable clients to understand and benefit from industry leading
technologies and advanced hosting capabilities. SysGroup focuses on
a customer's strategic and operational requirements - enabling
clients to free up resources, grow their core business and avoid
the distractions and complexity of delivering IT services.
The Group has offices in Liverpool, Coventry, London and
Telford.
For more information, visit www.sysgroupplc.com.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1) Details of the person discharging managerial
responsibility
--- --------------------------------------------------------
a) Name Mr Martin Richard Audcent
--- ------------------------ ------------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------ ------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------
a) Name SysGroup plc
--- ------------------------ ------------------------------
b) LEI 213800D18GPZZJR9SH55
--- ------------------------ ------------------------------
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 Ordinary shares of 1p each
the financial in SysGroup plc
instrument, type
of instrument GB00BYT18182
Identification
code
--- ------------------------ ------------------------------
b) Nature of the Sale and Purchase of Ordinary
transaction Shares
--- ------------------------ ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
1p 450,000
--------- ----------
--- ------------------------ ------------------------------
d) Aggregated information
- Aggregated As above
volume
- Price
--- ------------------------ ------------------------------
e) Date of the transaction 16 July 2018
--- ------------------------ ------------------------------
f) Place of the N/A
transaction
--- ------------------------ ------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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