REG - Celebrus Tech - Grant of Awards under Long Term Incentive Plan

Celebrus TechnologiesAnnouncement

29/08/2024 11:00

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RNS Number : 1672C  Celebrus Technologies PLC  29 August 2024

29 August 2024

Celebrus Technologies plc

 

Grant of Awards under Long Term Incentive Plan

 

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the
AIM-listed data solutions provider, announces that on 28 August 2024, key
employees were granted options over in aggregate 352,476 ordinary shares
of two pence each in the Company ("Ordinary Shares").

 

The employees included Bill Bruno, Chief Executive Officer and Ash Mehta,
Chief Financial Officer, for whom awards were made in two tranches as set out
below under the terms of the Celebrus Long Term Incentive Plan ("LTIP").

 

 Director/ PDMR  Position                 Tranche A  Tranche B
 Bill Bruno      Chief Executive Officer  100,369    41,063
 Ash Mehta       Chief Financial Officer  59,459     21,085

Vesting of awards in Tranche A is subject to the satisfaction over the
three-year period, beginning 1 April 2024, of specified performance
conditions, based on the Company's relative Total Shareholder Return (TSR) in
respect of half of the award, and growth in Annual Recurring Revenue (ARR) in
respect of the other half.  Vesting criteria have been set as follows:

 

·      TSR of no less than median performance against the selected
benchmark for minimum vesting of 50% of the maximum, with a sliding scale
above this level, up to full vesting for top-quartile performance; and

·      15% annual compound growth in ARR to achieve minimum award
vesting of 50% of the maximum, with a sliding scale above this level, up to
full vesting at 22% compound growth.

 

Tranche A awards are subject to an exercise price of £0.02 per share.

 

Tranche B relates to the grant of deferred bonus awards (in lieu of a portion
of the cash award) relating to the FY24 Bonus Plan. The award is in the form
of an option to acquire shares at an exercise price of £0.02 per share,
normally vesting on the 2nd anniversary of grant, subject to continued
employment, and as a 'Deferred Bonus Award' is therefore not subject to
performance conditions. The Tranche B awards will also benefit from dividend
equivalents in accordance with the LTIP Rules.

 

 

 Enquiries

 Celebrus Technologies plc                         +44 (0) 1932 893333

 Bill Bruno, Chief Executive Officer               investors@celebrus.com (mailto:investors@celebrus.com)

 Ash Mehta, Chief Financial Officer

 Cavendish (Nominated Adviser & Joint Broker)      +44 (0) 20 7220 0500

 Julian Blunt / Edward Whiley, Corporate Finance

 Tim Redfern, Corporate Broking

 Canaccord Genuity (Joint Broker)                  +44 (0) 20 7523 8000

 Simon Bridges / Andrew Potts

 

About Celebrus Technologies plc

 

As a disruptive data technology platform, Celebrus is focused on improving the
relationships between brands and consumers via better data. Celebrus redefines
what digital identity verification means to power both next-level marketing
and fraud prevention use cases. Deployed across 30+ countries throughout the
financial services, healthcare, retail, travel, and telecommunications
sectors, Celebrus automatically captures, contextualizes, and activates
consumer behavioral data in live-time across all digital channels. Through the
addition of behavioral biometrics and AI, Celebrus empowers brands to detect
and prevent fraud before it occurs. To ensure that brands can begin to improve
those relationships quickly, Celebrus Cloud activates the Celebrus platform
efficiently for brands in a single-tenant, private cloud capacity.

 

The Group has offices in the UK, USA, and India with key talent in all markets
to drive the growth of the business. Celebrus is fully compliant with all
major data privacy regulations and the Group is accredited to ISO27001:
Information Security Management.

 

For more information, please see www.celebrus.com (http://www.celebrus.com) .

 

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation.

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Bill Bruno
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Celebrus Technologies Plc
 b)  LEI                                                          213800HP3XUS3KTGWT63
 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 2 pence each

     Identification code

                                                                  ISIN: GB0001351955

 b)  Nature of the transaction                                    Grant of options under the terms of the Celebrus Long Term Incentive Plan
                                                                  ("LTIP") at an exercise price of £0.02 per share
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       141,432
 d)  Aggregated information                                       n/a (single transaction)

- Aggregated volume
     - Price
 e)  Date of the transaction                                      28 August 2024
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

n/a (single transaction)

e)

Date of the transaction

28 August 2024

f)

Place of the transaction

Outside of a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Ash Mehta
 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                                                         Celebrus Technologies Plc
 b)  LEI                                                          213800HP3XUS3KTGWT63
 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 2 pence each

     Identification code

                                                                  ISIN: GB0001351955

 b)  Nature of the transaction                                    Grant of options under the terms of the Celebrus Long Term Incentive Plan
                                                                  ("LTIP") at an exercise price of £0.02 per share
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       80,544
 d)  Aggregated information                                       n/a (single transaction)

- Aggregated volume
     - Price
 e)  Date of the transaction                                      28 August 2024
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

n/a (single transaction)

e)

Date of the transaction

28 August 2024

f)

Place of the transaction

Outside of a trading venue

 

 

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