REG - Aeorema Comms Plc - Grant of Options

Aeorema CommunicationsAnnouncement

11/10/2023 09:00

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RNS Number : 7726P  Aeorema Communications Plc  11 October 2023

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

11 October 2023

Aeorema Communications plc

("Aeorema", the "Company" or the "Group")

 

Grant of Options

 

Aeorema Communications plc, a leading strategic communications group,
announces that it has granted options ("Options") over new ordinary shares of
12.5 pence each in the Company ("Ordinary Shares").

 

Options have been granted in respect of a total of 240,000 new Ordinary Shares
to four members of staff, including two persons discharging managerial
responsibilities.  Of these Options, three have been granted under the
Company's EMI share option scheme (in respect of an aggregate 140,000 Ordinary
Shares), and the balance has been granted outside the terms of that scheme but
on similar terms to the other Options.  These new Options represent, in
aggregate, 2.52 per cent of the Company's current issued share capital.

 

These four Options are exercisable at 78.50 pence per Ordinary Share (being
the closing mid-market price of an Ordinary Share on 9 October 2023). Of the
Options, two will vest on 1 July 2026 (in respect of a total of 140,000
Ordinary Shares) and two will vest on 1 October 2026 (in respect of a total of
100,000 Ordinary Shares). The Options can each be exercised from the date of
vesting until 5:00 p.m. on the business day before the 10th anniversary of the
date of grant.

 

In total, options over 1,770,000 Ordinary Shares are now outstanding,
representing 18.56 per cent of the Company's current issued share capital.

 

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                                                         1.   Andre Shahrdar

                                                                   2.   Claire Gardner
 2    Reason for the notification
 a)   Position/status                                              1.   Andre is President of Cheerful Twentyfirst (Inc) (a member of the
                                                                   Group)

                                                                   2.   Claire is Managing Director of Eventful (Ltd) (a member of the Group)
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Aeorema Communications plc
 b)   LEI                                                          213800PJBW6O7NDCKJ08

 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  Options over ordinary shares of 12.5p each in Aeorema Communications plc

      Identification code

                                                                   Identification code (ISIN) for Aeorema Communications plc ordinary shares:
                                                                   GB00B4QHH456
 b)   Nature of the transaction                                    Grant of options over ordinary shares

 c)   Price(s) and volume(s)                                       1.   Price: 78.5p

                                                                   Volume: 100,000

                                                                   2.   Price: 78.5p

                                                                   Volume: 40,000

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      10 October 2023
 f)   Place of the transaction                                     Outside a trading venue

 

For further information visit www.aeorema.com (http://www.aeorema.com/)  or
contact:

 

 Andrew Harvey                                                                    Aeorema Communications plc                              +44 (0)20 7291 0444
 John Depasquale /             Lauren                                             Allenby Capital Limited (Nominated Adviser and Broker)  +44 (0)20 3328 5656
 Wright               (Corporate Finance)

 Kelly Gardiner /                      Joscelin Pinnington
               (Sales and Corporate Broking)
 Paul Dulieu/Isabel de Salis                                                      St Brides Partners Ltd                                  aeorema@stbridespartners.co.uk

(Financial PR)

 

Notes to Editors

Aeorema Communications plc, (AIM: AEO) is a leading strategic communications
group with offices in London, New York and Amsterdam. The Group provides
bespoke event services, comprising live, virtual, and hybrid experiences to an
established international blue-chip client base spanning a broad range of
sectors, including finance, professional services, advertising, IT, gaming,
fashion, fintech, and beverages. The Group also provides high level
consultancy services to help clients maximise and deliver on their long-term
communication strategies over multiple event and film touchpoints.

 

Aeorema delivers these services via its fully owned companies Cheerful
Twentyfirst and Cheerful Twentyfirst, Inc. (the North American arm of Cheerful
Twentyfirst) (cheerfultwentyfirst.com), two live events agencies with film
capabilities that specialise in devising and delivering corporate
communication solutions. The Group also operates Eventful Limited
(www.eventful.co.uk), which provides consultative, high-touch services
including assisting clients with venue sourcing, event management and
incentive travel. With more than 56 years of combined operating experience and
extensive award wins, Aeorema is a recognised industry thought leader and for
the year ended 30 June 2022 reported record revenue and profits (before tax)
of £12.2 million and £843,564 respectively, and also declared a dividend for
the year.

 

Central to all that the Group does is its Corporate Social Responsibility
charter, which is focussed on ensuring sustainable, inclusive, and ethical
business operations. To this end, the Group is a pioneer in delivering
innovative strategies and services, including a client carbon measurement
programme to establish a formal structure and approach around reducing
emissions and offsetting both its own and its clients' carbon footprint.

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