REG - Arcontech Group PLC - Grant of Options and Director/PDMR Shareholdings <Origin Href="QuoteRef">ARC.L</Origin>

ArcontechAnnouncement

26/04/2017 07:07

RNS Number : 3277D
Arcontech Group PLC
26 April 2017
ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Grant of Options and
Director/PDMR Shareholdings
Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that on 25 April 2017, the Company granted options ("Options") over a total of 230,397 ordinary shares in the capital of the Company ("Ordinary Shares") pursuant to the Arcontech Group plc Share Option Scheme. Of these Options, 135,397 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 95,000 granted to other employees.
The Options are exercisable at 64.5 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 24 April 2017, the last dealing day prior to the grant of the Options. The Options shall vest and may be exercised at any time on or after 25 April 2020, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Enquiries:
Arcontech Group plc
020 7256 2300
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director
Michael Levy - Group Finance Director and Company Secretary
finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks
To access more information on the Group please visit:www.arcontech.com


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)
Names
Richard Last - Non-Executive Chairman
Michael Levy - Group Finance Director and Company Secretary
Louise Barton - Non-Executive Director
Darren Lewis - Head of Development
Sarah Wisbey - Administration Director
Will Pitcairn - Head of Support
2. 
Reason for the Notification
a)
Position/status
See 1 (a) above - all are PDMR's of the Company
b)
Initial notification/ Amendment
Initial Notification
3. 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Arcontech Group plc 
b)
LEI
n/a
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
Grant of Options over Ordinary Shares
Identification code
GB00BDBBJZ03
b)
Nature of the transaction
Grant of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise Price: 64.5 pence
Volumes:
Richard Last - Options over 24,762 Ordinary Shares
Michael Levy - Options over 20,635 Ordinary Shares
Louise Barton - Options over 20,000 Ordinary Shares
Darren Lewis - Options over 40,000 Ordinary Shares
Sarah Wisbey - Options over 5,000 Ordinary Shares
Will Pitcairn - Options over 25,000 Ordinary Shares
d)
Aggregated information:
 Aggregated volume
 Price
See 4 (c) above
e)
Date of the transaction
25 April 2017
f)
Place of the transaction
Outside a trading venue

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHFMGZDRKNGNZM