REG - Aquis Exchange PLC - Issue of Options and Director/PDMR Notification

Aquis ExchangeAnnouncement

15/06/2020 07:01

RNS Number : 8687P
  
Aquis Exchange PLC
  
15 June 2020
  
 

15 June 2020
Aquis Exchange PLC
("Aquis", the "Company" or the "Group")
 
Issue of Options
and
Director/PDMR Notification
 
Aquis Exchange PLC (AQX.L), the exchange services group, announces that on 12 June 2020 it issued 36,000 options ("Options") over the Company's ordinary shares of 10p each ("Ordinary Shares") to employees of the Company under the Company's existing EMI plan and 88,803 options over Ordinary Shares to the executive directors of the Company under the Company's restricted share plan.
 
The Options granted to employees have an exercise price of £3.55, which is the closing mid-market price of the Company's existing ordinary shares on 11 June 2020, the latest practicable date prior to the issue of the Options. The Options will vest in tranches of one third on the first, second and third anniversary of the date of issue and expire 10 years from the date of issue. Vesting or exercise of the Options is not dependent on performance criteria.
 
Following the grant of the Options, the total number of Ordinary Shares outstanding under all Group EMI option schemes is 1,312,281, representing 4.8 per cent. of the Company's issued share capital.
 
The 88,803 options granted to the executive directors under the restricted share plan were granted and are exercisable at nominal value of 10p. 45,775 options were issued to Alasdair Haynes, CEO of the Company, and 43,028 to Jonathan Clelland, CFO and COO of the Company. These options will vest on the third anniversary of the date of issue with a further holding period of 2 years and expire 10 years from the date of issue. Vesting will be subject to underpin tests assessed by the Nomination and Remuneration Committee as detailed in the Company's 2019 Annual Report.
 
Enquiries:
 




Aquis Exchange PLC


Tel: +44 (0)20 3597 6321




Alasdair Haynes, CEO


 




Jonathan Clelland, CFO and COO
Belinda Keheyan, Head of Marketing


 
Tel: +44 (0)20 3597 6329
 




 


 




Liberum Capital Limited (Nominated Adviser and Broker)


Tel: +44 (0)20 3100 2000




Clayton Bush


 




Chris Clarke


 




Edward Thomas


 




Kane Collings


 




 


 




Alma PR (Financial PR Adviser)


Tel: +44 (0)20 3405 0205




Susie Hudson
Caroline Forde
Rebecca Sanders-Hewett


aquis@almapr.co.uk




 


 




 


 




 
Notes to editors:
 
Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).
 
Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France's Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK and in EU27 respectively. Aquis operates a lit order book and does not allow aggressive non-client proprietary trading, which has resulted in lower toxicity and signalling risk on Aquis than other trading venues in Europe. According to independent studies, trades on Aquis are less likely to lead to price movement than on other lit markets. Aquis uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.
 
Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue.
 
Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.
 
Aquis Exchange PLC (AQX.L) is listed on the Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu  
 
 
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
 


Alasdair Haynes




2


Reason for the notification
 




a)


Position/status
 


Chief Executive Officer




b)


Initial notification/ Amendment
 


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)


Name
 


Aquis Exchange plc




b)


LEI
 


213800IXJSF5E1SIW150




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
Identification code
 


 
Options over ordinary shares of 10 pence each
 
ISIN: GB00BD5JNK30




b)


Nature of the transaction
 


Grant of share options 




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




 
At nominal value of 10p


 
45,775
 




 




d)


Aggregated information
Aggregated volume
Price
 


  
 
n/a - as above




e)


Date of the transaction
 


12/06/2020




f)


Place of the transaction 


London Stock Exchange




 




1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


Jonathan Clelland




2


Reason for the notification
 




a)


Position/status
 


Chief Financial Officer




b)


Initial notification/ Amendment
 


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)


Name
 


Aquis Exchange plc




b)


LEI
 


213800IXJSF5E1SIW150




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
Identification code
 


 
Options over ordinary shares of 10 pence each
 
ISIN: GB00BD5JNK30




b)


Nature of the transaction
 


Grant of share options 




c)


Price(s) and volume(s)
 


 




Price(s)


Volume(s)




 
At nominal value of 10p


 
43,028
 




 
 




d)


Aggregated information
Aggregated volume
Price
 


  
 
n/a - as above




e)


Date of the transaction
 


12/06/2020




f)


Place of the transaction


London Stock Exchange




 


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