REG - Elektron Technology - Grant of Options <Origin Href="QuoteRef">EKT.L</Origin>
RNS Number : 0224ZElektron Technology PLC12 December 2017Elektron Technology plc
("Elektron" or the "Company")
Grant of Options
Elektron Technology plc announces that on 11 December 2017 John Wilson, CEO, was granted options to subscribe for 175,000 ordinary shares of 5 pence each in the capital of the Company (the "Options"). The Options give Mr Wilson the right to subscribe for Ordinary Shares at a price of 16.87 pence per Ordinary Share, being the closing middle-market price of the Company's Ordinary Shares on 11 December 2017.
The Options vest after three years and are exercisable at any point between the third and tenth anniversary of issuance.
Enquiries:
Elektron Technology plc +44 (0) 1223 371000
Andy Weatherstone - Chief Financial Officer & Company Secretary
finnCap (Nominated Adviser & Broker) +44 (0)20 7220 0500
Ed Frisby / Scott Mathieson - Corporate Finance
Abigail Wayne - Corporate Broking
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Notes to Editors
Elektron conceives designs and markets innovative engineered products and services for businesses that connect, monitor and control. We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:
- Demand for ubiquitous power and data: Bulgin
- New waves of "aware" business applications: Checkit
- The effect of ageing on sight: Elektron Eye Technology
- Growth in high precision manufacture: Queensgate
1.
Details of PDMR
(a)
Name
John Wilson
2.
Reason for notification
(b)
Position / status
Chief Executive Officer
(c)
Initial notification / amendment
Initial notification
3.
Details of the Issuer
(a)
Name
Elektron Technology plc
(b)
LEI
n/a
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 transaction(s) have been conducted
(a)
Description of the financial instrument
Options over ordinary shares of 5p each
(b)
Nature of the transaction
Grant of Options
(c)
Price(s) and volume
175,000 ordinary shares @ 16.87p each
(d)
Aggregated information
N/A
(e)
Date of the transaction
11/12/2017
(f)
Place of the transaction
Outside a trading venue
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHKFLFFDLFXFBE
Recent news on Checkit
See all newsREG - Checkit PLC - Final Results
AnnouncementREG - Checkit PLC - Notice of Results and Investor Presentation
AnnouncementREG - Checkit PLC - New Product Launch and Contract Wins
AnnouncementREG - Checkit PLC - Director/PDMR Shareholding
AnnouncementREG - Checkit PLC - Grant of Options and PDMR Dealings
Announcement