REG - Arcontech Group PLC - Grant of Options
21/10/2022 07:00
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RNS Number : 6250D Arcontech Group PLC 21 October 2022
ARCONTECH GROUP PLC
("Arcontech" or the "Company")
Grant of Options
Arcontech (AIM: ARC), the provider of products and services for real-time
financial market data processing and trading, announces that on 21 October
2022 it granted a total of 120,000 options ("Options") over ordinary shares of
£0.125 in the Company ("Ordinary Shares") under the Company's EMI and non EMI
schemes to various employees.
Options were granted to the following persons disclosing managerial
responsibility ("PDMRs"): Matthew Jeffs (Chief Executive), Ben Hodges (Finance
Director) and Darren Lewis (Head of Development).
The Options have been granted at a price of 76.5p pence per Ordinary Share,
being the closing mid-market price of an Ordinary Share on 20 October 2022.
They will be exercisable from 30 June 2025.
For Matthew Jeffs and Darren Lewis, the Options will vest subject to the
Company's compound annual rate of growth in fully diluted earnings* for the
three financial years ending 30 June 2025, subject to performance criteria as
follows:
- compound annual earnings growth of 10% or more - fully vested
(100%);
- compound annual earnings growth between 5%-10% - partial vesting
between 0% and 100% on a sliding scale; and
- compound annual earnings growth of 5% and below - nil.
Dependent on the performance criteria above being achieved, the maximum number
of Options that will vest and become exercisable is as follows:
Director/PDMR Number of Options
Matthew Jeffs 50,000
Darren Lewis 20,000
Any Ordinary Shares arising from the vesting of performance based Options must
be held for a period of two years.
Ben Hodges has been granted 5,000 Options that are not subject to performance
criteria. The 50,000 Options granted to non-PDMR employees are also not
subject to performance criteria.
Following this grant, there are a total of 666,500 options outstanding,
representing approximately 5.0% of the current issued share capital of the
Company.
Further detail is set out in the PDMR disclosure tables below.
* Fully diluted earnings will be based on: (a) the Company's pre-tax profit
excluding exceptional items and the share option charge and (b) the current UK
corporation tax rate of 19%, such that the fully diluted earnings calculation
takes no account of R&D and deferred tax credits. For the purposes of the
fully diluted earnings calculation, the applied rate of corporation tax will
remain constant at 19% irrespective of any current or future changes to
corporation tax.
Enquiries:
Arcontech Group plc 020 7256 2300
Geoff Wicks, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive
finnCap Ltd (Nomad & Broker)
Carl Holmes/George Dollemore (corporate finance) 020 7220 0500
Harriet Ward (ECM)
To access more information on the Group please visit: www.arcontech.com
(http://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) Name Matthew Jeffs
2. Reason for the Notification
a) Position/status Chief Executive
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 213800O7PM9V79TP7523
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 £0.125
Identification code ARC GB00BDBBJZ03
b) Nature of the transactions Grant of Options over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
76.5p 50,000
d) Aggregated information: See 4(c) above
· Aggregated volumes
· Prices
e) Date of the transaction 21 October 2022
f) Place of the transaction Off market transaction
d)
Aggregated information:
· Aggregated volumes
· Prices
See 4(c) above
e)
Date of the transaction
21 October 2022
f)
Place of the transaction
Off market transaction
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Darren Lewis
2. Reason for the Notification
a) Position/status Head of Development
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 213800O7PM9V79TP7523
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 £0.125
Identification code ARC GB00BDBBJZ03
b) Nature of the transactions Grant of Options over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
76.5p 20,000
d) Aggregated information: See 4(c) above
· Aggregated volumes
· Prices
e) Date of the transaction 21 October 2022
f) Place of the transaction Off market transaction
d)
Aggregated information:
· Aggregated volumes
· Prices
See 4(c) above
e)
Date of the transaction
21 October 2022
f)
Place of the transaction
Off market transaction
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ben Hodges
2. Reason for the Notification
a) Position/status Finance Director
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 213800O7PM9V79TP7523
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 £0.125
Identification code ARC GB00BDBBJZ03
b) Nature of the transactions Grant of Options over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
76.5p 5,000
d) Aggregated information: See 4(c) above
· Aggregated volumes
· Prices
e) Date of the transaction 21 October 2022
f) Place of the transaction Off market transaction
d)
Aggregated information:
· Aggregated volumes
· Prices
See 4(c) above
e)
Date of the transaction
21 October 2022
f)
Place of the transaction
Off market transaction
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