REG - Aeorema Comms Plc - Grant of Options

Aeorema CommunicationsAnnouncement

10/02/2025 07:00

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RNS Number : 4266W  Aeorema Communications Plc  10 February 2025

10 February 2025

 

Aeorema Communications plc

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

 

Grant of Options

 

Aeorema Communications plc, a leading strategic communications group,
announces the grant of options over new ordinary shares of 12.5p each
("Ordinary Shares") to Steve Quah, CEO and Andrew Harvey, Managing Director.

 

Options over 200,000 and 50,000 new Ordinary Shares have been granted to Steve
Quah and Andrew Harvey respectively. The options are exercisable at 12.5p
(nominal value of the Company's Ordinary Shares), vest after a period of two
years and expire on the business day immediately preceding the tenth
anniversary of the date of grant. Following this grant of options, Steve Quah
and Andrew Harvey hold options over 645,000 and 650,000 new Ordinary Shares,
at average exercise prices of 33.8 pence and 37.6 pence, respectively.

 

 

The grant of options to Steve Quah and Andrew Harvey is in recognition of
historic performance and revenue growth achieved by the Group in recent years.
The remaining directors believe that the grant of these options is an
appropriate method of incentivising key management personnel.

 

In total, options over 1,805,000 Ordinary Shares are now outstanding,
representing 18.62 per cent of the Company's current issued share capital.

 

Related Party Transaction

The grant of options to Steve Quah and Andrew Harvey is a related party
transaction pursuant to rule 13 of the AIM Rules for Companies.  Accordingly,
the Directors, other than Steve Quah and Andrew Harvey, having consulted with
the Company's nominated adviser, consider that the terms of the transaction
are fair and reasonable insofar as the Company's shareholders are concerned.

 

 

The table for notification and public disclosure of transactions by persons
discharging managerial responsibilities in accordance with the requirements of
the EU Market Abuse Regulation, which forms part of domestic UK law pursuant
to the European Union (Withdrawal) Act 2018, is appended below.

 

For further information on the Company please visit www.aeorema.com
(http://www.aeorema.com/)  or contact:

 

 Andrew Harvey                                     Aeorema Communications plc         Tel: +44 (0)20 7291 0444

 Managing Director

 John Depasquale / Liz Kirchner / Lauren Wright    Allenby Capital Limited            Tel: +44 (0)20 3328 5656

 (Corporate Finance)                               Nominated Adviser & Broker

 Kelly Gardiner / Joscelin Pinnington

 (Sales & 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.

 

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.

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         1.    Steve Quah

                                                                   2.    Andrew Harvey
 2    Reason for the notification
 a)   Position/status                                              1.    CEO

                                                                   2.    Managing Director
 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: 12.5p

                                                                   Volume: 200,000

                                                                   2

                                                                    Price: 12.5p

                                                                   Volume: 50,000

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      7 February 2025
 f)   Place of the transaction                                     Outside a trading venue

 

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