REG - Actual Experience - Grant of Options

Actual ExperienceAnnouncement

05/12/2022 07:00

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RNS Number : 5182I  Actual Experience PLC  05 December 2022

5 December 2022

Actual Experience plc
(the "Company" or "Actual Experience")

Grant of Options

Actual Experience plc (AIM: ACT), the analytics-as-a-service company,
announces that on 30 November 2022 it granted options ("Options") over
9,700,000 ordinary shares of 0.2 pence each in the capital of the Company
("Ordinary Shares") to certain employees and Directors of the Company.

The Options have an exercise price of 10 pence and vest in two equal tranches
on 1 July 2023 and 1 July 2024. The Options, once vested, can be exercisable
anytime up until the 10th anniversary of the date of grant.

Three directors of the Company have been granted options over a total of
1,600,000 Ordinary Shares as follows:

 Director         Title                   Number of Options granted
 Steve Bennetts   CFO & Interim CEO       800,000
 Kirsten English  Executive Chair         600,000
 Richard Steele   Non-Executive Director  200,000

 

As announced on 21 September 2022, the Board has concluded that some historic
share options no longer act as an incentive for employees and Directors as a
result of the current share price of the Company. Accordingly, the Company
also announces that is has cancelled 829,000 employee share options currently
in issue. Subsequent to this grant and cancellation of options, a total of
9,997,250 share options will be in issue equivalent to 4.64% of the Company's
issued share capital.

The Directors maintain that the cancellation of current options and the issue
of new options will be important to be able to retain key employees and
provide motivation to them.

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

ENDS

Enquiries:

 Actual Experience plc                                     Tel: +44 (0)203 128 8666

 Steve Bennetts, Interim CEO and Chief Financial Officer

 Singer Capital Markets Advisory LLP                       Tel: +44 (0)207 496 3000

 Shaun Dobson

 James Fischer

 MHP Communications                                        Tel: +44 (0)203 128 8666

 act@mhpc.com (mailto:act@mhpc.com)

 Reg Hoare

 Matthew Taylor

 

About Actual Experience

Actual Experience's goal is to make the digital world work for everyone,
everywhere, all of the time. As the working world evolves post-pandemic, the
global shift to a flexible hybrid model has brought with it a significant
challenge; how do businesses create an environment that gives their people
what they need to thrive, whilst protecting the commercial efficiency of the
business and driving growth at the same time?

By underpinning their strategic decision making with our data-driven insights,
our customers gain the clarity and confidence needed to build sustainable
digital ecosystems within their organisations - delivering both a great
employee experience and increasing the efficiency of the digital workplace.
Powered by over 10 years of academic research, our service doesn't need any
interaction with employees to provide a unique and highly actionable dataset
that People, Technology and Finance leaders can rely upon to plan impactful
projects against their most critical agenda items including wellbeing,
profitability, DE&I and ESG initiatives.

Actual Experience is listed on the London Stock Exchange (AIM: ACT). Our
corporate headquarters are in Bath, UK. Actual Experience's unique and
patented digital analytics-as-a-service is founded on cutting-edge research
from Queen Mary University of London.

For further information please visit www.actual-experience.com
(http://www.actual-experience.com/)

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Kirsten English
 2    Reason for the notification
 a)   Position/status                                              Executive Chair
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Actual Experience plc
 b)   LEI                                                          213800UI9OUTXKWLMK28
 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 0.2 pence each

      Identification code

                                                                   GB00BJ05QC14
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)                                       Price                        Volume

      £0.10                                                                                     600,000 shares
 d)   Aggregated information

                                                                   N/A - Single Transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      30 November 2022
 f)   Place of the transaction                                     Off Market Transaction

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Steve Bennetts
 2    Reason for the notification
 a)   Position/status                                              Interim CEO and CFO
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Actual Experience plc
 b)   LEI                                                          213800UI9OUTXKWLMK28
 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 0.2 pence each

      Identification code

                                                                   GB00BJ05QC14
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)                                       Price                        Volume

      £0.10                                                                                     800,000 shares
 d)   Aggregated information

                                                                   N/A - Single Transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      30 November 2022
 f)   Place of the transaction                                     Off Market Transaction

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Richard Steele
 2    Reason for the notification
 a)   Position/status                                              Non-executive Director
 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Actual Experience plc
 b)   LEI                                                          213800UI9OUTXKWLMK28
 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 0.2 pence each

      Identification code

                                                                   GB00BJ05QC14
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)                                       Price                        Volume

      £0.10                                                                                     200,000 shares
 d)   Aggregated information

                                                                   N/A - Single Transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      30 November 2022
 f)   Place of the transaction                                     Off Market Transaction

 

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