Launch of SAYE scheme and Director Dealing

Blancco Technology

16/03/2021 16:57

RNS Number : 4692S

Blancco Technology Group PLC

16 March 2021

 

16 March 2021

 

Blancco Technology Group PLC

 

Launch of SAYE scheme and Director Dealing

 

Blancco Technology Group PLC (AIM: BLTG, "Blancco", the "Company" or the "Group"), the industry standard in data erasure and mobile device diagnostics, is pleased to announce that it has launched the 2021 Save As You Earn Scheme (the "SAYE" Scheme) for all eligible employees.

 

The SAYE scheme allows eligible employees to commit to making a deduction from salary on a monthly basis over three years. At the end of the three year period, employees can purchase the Company's ordinary shares of 0.02 pence each ("Ordinary Shares") at a price of 228 pence per Ordinary Share, representing a 20% discount to the closing middle market price of the Ordinary Shares on the three days prior to the scheme being launched on 8 March 2021. The discount is in line with the limits of the SAYE scheme as defined by HMRC.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2021 SAYE Scheme:

 

Name                                    Director/PDMR                 Monthly deduction from pay

Matt Jones                         Director                                $700 USD

Adam Moloney                 Director                                £500 GBP

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction described above. 

 

 

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
1. Matt Jones
2. Adam Moloney
2.
Reason for the notification
a)
Position/status:
1. Chief Executive Officer
2. 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:
Blancco Technology Group plc
b)
LEI:
2138008487QKMQTA5428
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type oftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)
Description of the financial instrument, type of instrument:
Identification code:
Ordinary Shares of 2p each
GB00B06GNN57
b)
Nature of the transaction:
Participation in the Company's SAYE scheme - commitment to deduct salary in order to have the option to acquire Ordinary Shares after three years
c)
Price(s) and volume(s):
Price(s)
Volume(s)
1.
228p
7,894*
2.
228p
7,894
*assuming a GBP:USD exchange rate of 1.4
d)
Aggregated information:
· Aggregatedvolume:
· Price:
Price(s)
Volume(s)
1.
228p
7,894*
2.
228p
7,894
*assuming a GBP:USD exchange rate of 1.4
e)
Date of the transaction:
16 March 2021
f)
Place of the transaction:
Outside of a trading venue

 

 

For further information:

Blancco Technology Group plc
Matt Jones, Chief Executive Officer
Adam Moloney, Chief Financial Officer
via Buchanan
Peel Hunt (Nominated Advisor & Joint Broker)
Edward Knight / Paul Gillam / Nick Prowting
+44 (0) 20 7418 8900
Investec Bank plc (Joint Broker)
Patrick Robb / Sara Hale /Virginia Bull
+44 (0) 20 7597 5970
Buchanan Communications Limited
Chris Lane / Stephanie Watson / Charlotte Slater
blancco@buchanan.uk.com
+44 (0) 20 7466 5000

 

About Blancco

Blancco Technology Group plc is a leading global provider of mobile device diagnostics and secure data erasure solutions.  For more information, please visit www.blanccotechnologygroup.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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
DSHDKABPABKDAND