REG - Checkit PLC - Grant of Options and PDMR Dealings

CheckitAnnouncement

12/03/2024 07:15

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RNS Number : 4069G  Checkit PLC  12 March 2024

12 March 2024

 

Checkit plc

("Checkit" or the "Group)

 

Grant of options and PDMR Dealing

 

Checkit (AIM: CKT), announces that on 11 March 2024, it granted options over
ordinary shares of 5 pence each ("Ordinary Shares") to Kit Kyte, Chief
Executive Officer, to subscribe for 1,250,000 Ordinary Shares under the
Group's existing EMI Options Scheme (the "Options").

 

The Options can only be exercised following a 36 month vesting period and if
Checkit is EBITDA breakeven or positive (with reference to the Checkit's
management accounts) as at the date of exercise and has been EBITDA breakeven
or positive on average over a six month period prior to the date of exercise.
The Options shall expire on the tenth anniversary of the date of their grant.

 

Following this award, Kit Kyte holds outstanding options over a total of
3,250,000 Ordinary Shares.

 

The notification below, made in accordance with the requirements of
the UK Market Abuse Regulation, provides further detail.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name:                                      Kit Kyte
 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 participation, auction
     platform, auctioneer or auction monitor

 a)  Name:                                     Checkit Plc

 b)  LEI:                                      213800556WJOWQNT2R68
 4.  Details of 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:  Ordinary Shares of 5 pence each

     Identification code:                      ISIN GB00B0C5RG72
 b)  Nature of the transaction:                Grant of options over Ordinary Shares

 c)  Price(s) and volume(s):                   Price(s)                    Exercisable at 20 pence per Ordinary Share

     Volume(s)                                                             1,250,000

 d)  Aggregated information                    N/A - single transaction

     -     Aggregated volume

     -     Price

 e)  Date of the Transaction:                  11 March 2024

 f)  Place of the Transaction:                 Outside a trading venue

 

 

For further information, please visit www.checkit.net (http://www.checkit.net)
or contact:

 

 Checkit plc                                              +44 (0) 1223 643313

 Kit Kyte (Chief Executive Officer)

 Greg Price (Chief Financial and Operations Officer)

 Singer Capital Markets (Nominated Adviser & Broker)      +44 (0) 20 7496 3000

 Shaun Dobson / Harry Gooden / James Fischer

 Tavistock (Financial PR)                                 +44 (0) 20 7920 3150

 Lulu Bridges / Katie Hopkins / Simon Hudson

 

 

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