REG - Beeks Fin Cloud Grp - Grant of Share Options

Beeks Financial CloudAnnouncement

20/11/2023 07:15

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RNS Number : 9017T  Beeks Financial Cloud Group PLC  20 November 2023

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Grant of Share Options

20 November 2023 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud
computing and connectivity provider for financial markets, announces that on
20 November 2023 options over a total of 1,550,000 ordinary shares of
£0.00125 in the Company ("Options") were granted under the Beeks Financial
Cloud Employee Share Option Plan. An Option over 50,000 shares was awarded to
Fraser McDonald, Chief Financial Officer of the Company and a person
discharging managerial responsibilities ("PDMR Options"). Options were also
granted over 1,500,000 shares to certain employees of the Company, each of
whom are not persons discharging managerial responsibilities ("Employee
Options").

The PDMR Options vest after three years and the Employee Options vest over 2
years to 3 years from the date of grant with an exercise price of £0.00125,
subject to challenging performance conditions being met.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Fraser McDonald
 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                                                         Beeks Financial Cloud Group plc
 b)  LEI                                                          213800XD729OTYVOMR79
 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  Ordinary shares of 0.00125 pence each
     Identification code                                          GB00BZ0X8W18
 b)  Nature of the Transaction                                    Award of Share Options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       50,000
 d)  Aggregated information                                       n/a

     Aggregated volume Price
 e)  Date of the transaction                                      20 November 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

n/a

e)

Date of the transaction

20 November 2023

f)

Place of the transaction

Outside a trading venue

 

For further information please contact:

 Beeks Financial Cloud Group plc
 Gordon McArthur, CEO                               via Alma
 Fraser McDonald, CFO

 Canaccord Genuity                                  +44 (0)20 7523 8000
 Adam James / Gordon Hamilton

 Alma                                               +44(0)20 3405 0205
 Caroline Forde / Hilary Buchanan / Joe Pederzolli

 

About Beeks:

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this
fast-moving sector. Our Infrastructure-as-a-Service model is optimised for
low-latency private cloud compute, connectivity and analytics, providing the
flexibility to deploy and connect to exchanges, trading venues and public
cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global
security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS)
and has enjoyed continued growth each year. Beeks Group now employs over 100
team members across the globe with the majority based at our Renfrew HQ.

 

Find out more at beeksgroup.com

 

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