SysGroup PLC Grant of Options and Director/PDMR Dealings
21 August 2024 - 5:50PM
RNS Regulatory News
RNS Number : 3192B
SysGroup PLC
21 August 2024
21 August 2024
SysGroup
plc
("SysGroup", the
"Group", or the
"Company")
Grant of Options and
Director/PDMR Dealings
SysGroup plc (AIM:SYS),
the technology partner for delivery and management
of cloud, data and security services to power Artificial
Intelligence ("AI") and Machine Learning ("ML")
transformation, announces that on 20 August
2024 the Remuneration Committee of the Board of Directors made
share awards over 2,489,846 ordinary shares of £0.01 each
under the SysGroup plc Performance Share
Plan ("PSP") and 300 conditional share awards under the SysGroup
plc Value Creation Plan ("VCP") (together, the "Plans"). These
Plans were approved by shareholders at the general meeting on 24
June 2024 and have subsequently been adopted by the
Board.
The structure of the Plans is as set
out in the announcement made by the Group on 6 June
2024.
Under the VCP, participants will
subscribe to conditional share awards, which consist of A ordinary
shares of £0.01 each in a wholly owned subsidiary holding company,
SysGroup Holding (No 1) Limited (company number 15880286). The
subscription price for these shares has been determined based on
the Unrestricted Market Value of the shares, as calculated by an
independent adviser, for UK tax PAYE best estimate
purposes.
Participants in the VCP have also
received awards under the PSP which take the form of nil cost
options over ordinary shares in the Company, and which vest subject
to performance against financial targets over a three year period.
The PSP awards will not be exercisable until 26 June 2029, the
measurement date of the VCP. If the VCP awards vest, a
corresponding reduction will be made to the number of shares that
vest under the PSP awards to ensure that participants benefit from
only one of the Plans.
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
|
Heejae Chae
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Group Executive Chairman
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
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 the financial
instrument, type of instrument
|
Ordinary Shares of 1 pence each
("Ordinary Shares")
|
|
|
|
|
Identification code
|
GB00BYT18182
|
|
|
|
|
b)
|
Nature of the transaction
|
Conditional share award under VCP;
and
Share option awards under the
PSP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£1,746.666666666667
£0.01
|
90 A ordinary shares of £0.01 each in
the issued share capital of SysGroup Holding (No 1) limited
pursuant to the VCP
582,633 ordinary shares under the
PSP
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
20 August 2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Owen Phillips
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Group Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
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 the financial
instrument, type of instrument
|
Ordinary Shares of 1 pence each
("Ordinary Shares")
|
|
|
|
|
Identification code
|
GB00BYT18182
|
|
|
|
|
b)
|
Nature of the transaction
|
Conditional share award under VCP;
and
Share option awards under the
PSP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£1,746.666666666667
£0.01
|
35 A ordinary shares of £0.01 each in
the issued share capital of SysGroup Holding (No 1 Limited)
pursuant to the VCP
210,084 PSP share options under
the PSP
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
20 August 2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Wendy Baker
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Company Secretary and General
Counsel
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
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 the financial
instrument, type of instrument
|
Ordinary Shares of 1 pence each
("Ordinary Shares")
|
|
|
|
|
Identification code
|
GB00BYT18182
|
|
|
|
|
b)
|
Nature of the transaction
|
Conditional share award under VCP;
and
Share option awards under the
PSP
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£1,746.666666666667
£0.01
|
35 A ordinary shares of £0.01 each in
the issued share capital of SysGroup Holding (No 1 ) Limited
pursuant to the VCP
149,860 PSP share options under the
PSP
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
August 2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
For
further information, please contact:
|
|
|
|
|
|
SysGroup plc
|
Tel: 0333
101 9000
|
|
Heejae Chae, Executive
Chairman
|
|
|
Owen Phillips, Chief Financial
Officer
|
|
|
|
|
|
Zeus (Nominated Adviser and
Broker)
|
Tel: 0161
831 1512
|
|
Jordan Warburton
|
|
|
Nick Cowles
|
|
|
Alex Campbell-Harris
|
|
|
Nick Searle
|
|
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