Arcontech Group PLC Grant of Options (9964N)
27 September 2019 - 2:14PM
UK Regulatory
TIDMARC
RNS Number : 9964N
Arcontech Group PLC
27 September 2019
ARCONTECH GROUP PLC
("Arcontech" or the "Company")
Grant of Options
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, announces
that on 27 September 2019 it granted a total of 115,000 options
("Options") over ordinary shares of GBP0.125 in the Company
("Ordinary Shares") under the Company's EMI and non EMI schemes to
various employees.
Options were granted to the following persons disclosing
managerial responsibility ("PDMRs"): Matthew Jeffs (Chief
Executive), Michael Levy (Finance Director), Darren Lewis (Head of
Development) and Sarah Wisbey (Administrative Director).
The Options have been granted at a price of 196p pence per
Ordinary Share, being the closing mid-market price of an Ordinary
Share on 26 September 2019. They will be exercisable from 30 June
2022.
For Matthew Jeffs, Michael Levy and Darren Lewis, the Options
will vest subject to the Company's compound annual rate of growth
in fully diluted earnings* for the three financial years ending 30
June 2022, subject to performance criteria as follows:
- compound annual earnings growth of 10% or more - fully vested (100%);
- compound annual earnings growth between 5%-10% - partial
vesting between 0% and 100% on a sliding scale; and
- compound annual earnings growth of 5% and below - nil.
Dependent on the performance criteria above being achieved, the
maximum number of Options that will vest and become exercisable is
as follows:
Director/PDMR Number of Options
Matthew Jeffs 50,000
------------------
Darren Lewis 20,000
------------------
Michael Levy 10,000
------------------
Sarah Wisbey has been granted 3,000 Options that are not subject
to performance criteria. The 32,000 Options granted to non-PDMR
employees are also not subject to performance criteria.
Any Ordinary Shares arising from the vesting of Options must be
held for a period of two years.
Following this grant, there are a total of 625,397 options
outstanding, representing approximately 4.7% of the current issued
share capital of the Company.
Further detail is set out in the PDMR disclosure tables
below.
* Fully diluted earnings will be based on: (a) the Company's
pre-tax profit excluding exceptional items and the share option
charge and (b) the current UK corporation tax rate of 19%, such
that the fully diluted earnings calculation takes no account of
R&D and deferred tax credits. For the purposes of the fully
diluted earnings calculation, the applied rate of corporation tax
will remain constant at 19% irrespective of any current or future
changes to corporation tax.
Enquiries:
Arcontech Group plc
Richard Last, Chairman and Non-Executive Director 07713 214484
Matthew Jeffs, Chief Executive 020 7256 2300
finnCap Ltd (Nomad & Broker)
Carl Holmes/Simon Hicks 020 7220 0500
To access more information on the Group please visit: www.arcontech.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 responsibilities
/ person closely associated
a) Name Matthew Jeffs
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Chief Executive
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
196p 50,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 27 September 2019
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Darren Lewis
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Head of Development
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
196p 20,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 27 September 2019
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Levy
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
196p 10,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 27 September 2019
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sarah Wisbey
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Administrative Director
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Arcontech Group Plc
------------------------------- -----------------------------------------
b) LEI 213800O7PM9V79TP7523
------------------------------- -----------------------------------------
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 Options over Ordinary Shares of GBP0.125
Financial instrument,
type of instrument
------------------------------- -----------------------------------------
Identification code ARC GB00BDBBJZ03
------------------------------- -----------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
196p 3,000
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -----------------------------------------
e) Date of the transaction 27 September 2019
------------------------------- -----------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -----------------------------------------
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END
DSHBDGDCBBDBGCR
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