REG - Veltyco Group PLC - Grant of New Options and Amendment of Options

B90 HoldingsAnnouncement

15/02/2019 07:05

RNS Number : 0824Q
Veltyco Group PLC
15 February 2019
 


15 February 2019
Veltyco Group plc
("Veltyco", the "Company" or the "Group")
Grant of New Options
Amendments to Terms of Existing Options
Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that, on 14 February 2019, it granted options over, in aggregate, 2,420,000 ordinary shares of zero par value ("Ordinary Shares") to the directors and certain employees of the Company (the "New Options"), pursuant to the Company's Long Term Incentive Plan - May 2016 (as amended) (the "2016 Plan").
The New Options have an exercise price of 15p per share, being the issue price of new Ordinary Shares issued pursuant to the placing announced by the Company on 30 January 2019.  Pursuant to the terms of the 2016 Plan, the New Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the New Options that remain unexercised on the fifth anniversary of the date of grant will lapse.  In light of the New Options being granted, Messrs Rosman and Noordeloos have agreed that the Company will cancel the 300,000 options granted to each of them on 5 July 2017.  The number of options held by directors is summarised in the table below:




Director


2016 Options*


New Options Granted


Total Options




Paul Duffen


-


1,000,000


1,000,000




Mark Rosman


400,000


550,000


950,000




Marcel Noordeloos


750,000


550,000


1,300,000




Rainer Lauffs


750,000


250,000


1,000,000




* - Options granted on 1 July 2016 pursuant to the terms of the 2016 Plan, with an exercise price of 25p per share.
In addition, 109,846 existing warrants that were granted by the Company on 5 October 2017, have had the terms amended, such that they will now be exercisable at a price of 15p per share.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.




1


Details of the persons discharging managerial responsibilities




a)


Name


1.    Paul J Duffen
2.    Mark Rosman
3.    Marcel Noordeloos
4.    Rainer Lauffs
 




2


Reason for the notification




a)


Position/status


1.    Non-Executive Chairman
2.    Non-Executive Director
3.    Finance Director
4.    Director - Operating officer




b)


Initial notification /Amendment


Initial notification




3


Details  of  the  issuer




a)


Name


Veltyco Group plc




b)


LEI


2138007KWLZHV5I1A979
 




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 no par value




Identification code


ISIN for Ordinary Shares: IM00BYT32K14
 




b)


Nature of the transaction


Grant of options 




c)


Price(s) and volume(s)






Option Price(s)


Volume(s)




 
15p


1. 1,000,000




2.    550,000




3.    550,000




4.    250,000




 




d)


Aggregated information
- Aggregated volume 
- Price 
 


-     Options over 2,350,000 shares
-     15p per share (exercise price)




e)


Date of the transaction


15 February 2019




f)


Place of the transaction


Outside a trading venue.
New Ordinary Shares issued on exercise of options will be admitted to trading on AIM, London Stock Exchange




 
For further information please contact:
 
Veltyco Group Plc                                                                           +44 (0)1624 605 764
Paul Duffen, Chairman
Marcel Noordeloos, Chief Financial Officer
 
Strand Hanson Limited (Nominated Adviser)                           +44 (0)20 7409 3494
James Harris / Richard Tulloch / James Dance
 
Whitman Howard Ltd (Broker)                                                    +44 (0)20 7659 1234
Nick Lovering / Christopher Furness
 
IFC Advisory (Financial PR & IR)                                                  +44 (0)20 3934 6630
Graham Herring / Miles Nolan / Zach Cohen
 
About Veltyco
Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands.  Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
 
Website: www.veltyco.com
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHSFSFULFUSEEE