REG - Cirata PLC - Grant of Awards & PDMR Dealing

CirataAnnouncement

12/09/2025 11:15

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RNS Number : 1700Z  Cirata PLC  12 September 2025

12 September 2025

 

Cirata plc

("Cirata" or the "Company")

Grant of Awards & PDMR Dealing

 

Cirata (LSE: CRTA), announces a grant of awards to Stephen Kelly, Chief
Executive Officer, under the Company's Share Options Plan (as amended and
restated) ("SOP") (the "Award").

 

The Company's Remuneration Committee has approved the Awards and regards long
term incentives as an important part of the remuneration of members of the
leadership team to align them with shareholder interests.

 

 

Award Details

The Awards shall be structured in the form of equity-based payments. The Award
is comprised of 50% share options and 50% performance-based share options.
Each performance-based share option entitles the holder to receive one
ordinary share of 10p each in the Company ("Ordinary Shares") upon vesting,
subject to the achievement of the performance-based conditions detailed below.

 

·      Options over 850,000 Ordinary Shares have been awarded which will
vest at the end of June 2027 with an exercise price of 10 pence per share,
being the nominal value of the shares on the grant date. This vesting will be
subject to the achievement of a closing market price of the Company's Ordinary
shares of at least 75 pence on the vesting date.

 

·      Options over 850,000 Ordinary Shares have been awarded which will
vest on a quarterly basis to the end of June 2027 with an exercise price of 22
pence per share. The options carry no performance conditions.

 

 

In addition

 

·      Options over 700,000 Ordinary Shares have been awarded which will
vest on a quarterly basis through to the end of June 2027 with an exercise
price of 22 pence per share. The options carry no performance conditions. This
grant replaces a prior award, which has now been retired (as detailed below).

 

The Option strike price of 22 1  (#_ftn1) pence has been determined as the
60-day volume weighted average price to 9 September 2025.

 

Any shares issued upon exercise or vesting will rank pari passu with the
existing Ordinary Shares of the Company. The Awards are subject to continued
service and applicable malus and clawback provisions.

Retirement of Prior Award

Options over 700,000 Ordinary Shares with an exercise price of 86 pence per
Ordinary Share, originally awarded to Stephen Kelly upon his appointment to
the Company's board of directors on 10 May 2023, have been cancelled and
replaced by the SOP Award.

 

 

The Awards to Stephen Kelly are summarised in the following schedule.

 

 

Option Grants

 

 Award    Number of Options  Total Options held post award  % of Issued Share capital 2  (#_ftn2)  Strike                              Vesting Conditions                                                     Vesting Date
 Options  850,000            850,000                        0.67%                                  Nominal Value (10 pence per share)  Closing price of Ordinary Shares of at least 75 pence on vesting date  End of June 2027
 Options  850,000            850,000                        0.67%                                  22 pence                            None                                                                   Quarterly to end June 2027
 Options  700,000            700,000                        0.55%                                  22 pence                            None                                                                   Quarterly to end June 2027

 

 

Following the grant of the Awards, Stephen Kelly is beneficially interested in
2,400,000 options over Ordinary Shares in the Company.

 

In addition, Stephen Kelly is the beneficial owner of 1,802,660 Ordinary
Shares, representing 1.43% of the Company's total issued share capital.

 

 

For further information, please contact:

 

 Cirata                                  Via FTI Consulting
 Stephen Kelly, Chief Executive Officer
 Ricardo Moura, Chief Financial Officer
 Daniel Hayes, Investor Relations

 FTI Consulting                          +44 (0)20 3727 1137
 Matt Dixon / Kwaku Aning / Usama Ali

 Stifel (Nomad and Joint Broker)         +44 (0)20 7710 7600
 Fred Walsh / Brough Ransom / Ben Good

 Panmure Liberum (Joint Broker)          +44 (0)20 3100 2000
 Max Jones / John More

 

 

About Cirata

 

Cirata, accelerates data-driven revenue growth by automating data transfer and
integration to modern cloud analytics and AI platforms without downtime or
disruption. With Cirata, data leaders can leverage the power of AI and
analytics across their entire enterprise data estate to freely choose
analytics technologies, avoid vendor, platform, or cloud lock-in while making
AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of
products and technology solutions make strategic adoption of modern data
analytics efficient and automated. For more information about Cirata,
visit www.cirata.com (http://www.cirata.com)

 

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of MAR.

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Stephen Kelly
 2   Reason for the notification
 a)  Position/status                                              CEO
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Cirata plc
 b)  LEI                                                          213800Y1A75RSC698O04
 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 10p each

     Identification code

                                                                  ISIN: JE00B6Y3DV84
 b)  Nature of the transaction                                    Grant of Share options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil        2,400,000
 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      11 September 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

n/a

e)

Date of the transaction

11 September 2025

f)

Place of the transaction

Outside a trading venue

 

 

 1  (#_ftnref1) 60-day VWAP 21.93 rounded to 22 pence per share

 2  (#_ftnref2) Issued share capital as at the 3 June 2025 consisted of
126,340,251 ordinary shares of ten pence per share each with voting rights
admitted to trading. The Company holds no ordinary shares in Treasury.

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