REG - Cirata PLC - Grant of Share Options to PDMRs

CirataAnnouncement

12/12/2023 17:45

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RNS Number : 5483W  Cirata PLC  12 December 2023

 

12 December 2023

 

Cirata plc

 

("Cirata" or the "Company")

 

Grant of Share Options to PDMRs

 

Cirata plc (LSE: CRTA), announces that on 8 December 2023 it awarded a total
of 600,000 options to acquire ordinary shares of 10 pence per share
("Options") to the following persons discharging managerial responsibilities
("PDMR") under the 2023 Cirata plc Amended and Restated Share Option Plan, as
follows:

 

 

 PDMR                                                     Number of new Options vesting over 3 years  Exercise price (p)  Vesting
 Yeturu Aahlad, Chief Scientist and Co-Founder            150,000                                     57.00               3 year vesting schedule; quarterly vesting following the first anniversary
 Paul Scott-Murphy, CTO                                   150,000                                     57.00               3 year vesting schedule; quarterly vesting following the first anniversary
 Justin Holtzinger, SVP Customer Success and Engineering  150,000                                     57.00               3 year vesting schedule; quarterly vesting following the first anniversary
 Larry Webster, General Counsel, Company Secretary        150,000                                     57.00               3 year vesting schedule; quarterly vesting following the first anniversary

 

 

The award of the Options brings the total options held by Yeturu Aahlad to
350,000, being 0.3% of issued share capital, 380,000 options held by Paul
Scott-Murphy, being 0.3% of the issued share capital, 323,334 options held by
Justin Holtzinger, being 0.3% of the issued share capital, and 277,500 options
held by Larry Webster, being 0.2% of the issued share capital. 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.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

This announcement contains information that qualifies or may qualify as inside
information. The person responsible for arranging the release of this
announcement on behalf of Cirata plc is Larry Webster, Company Secretary.

 

 Cirata plc                                     Via FTI Consulting
 Stephen Kelly, Chief Executive Officer
 Ijoma Maluza, 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 / Richard Short / Tom Marsh

 Liberum (Joint Broker)                         +44 (0)20 3100 2000
 Max Jones / Ben Cryer / Miquela Bezuidenhoudt

 

 

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                                                         Yeturu Aahlad
 2   Reason for the notification
 a)  Position/status                                              Chief Scientist and Co-Founder (PDMR for notification)
 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 - vesting over 3 years
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  57 pence  150,000
 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      8 December 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Paul Scott-Murphy
 2    Reason for the notification
 a)   Position/status                                              CTO (PDMR for notification)
 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 - vesting over 3 years
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   57 pence  150,000
 d)   Aggregated information                                       n/a
 e)   Date of the transaction                                      8 December 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Justin Holtzinger
 2    Reason for the notification
 a)   Position/status                                              SVP Customer Success and Engineering (PDMR for notification)
 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 - vesting over 3 years
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   57 pence  150,000
 d)   Aggregated information                                       n/a
 e)   Date of the transaction                                      8 December 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Larry Webster
 2    Reason for the notification
 a)   Position/status                                              General Counsel, Company Secretary (PDMR for notification)
 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 - vesting over 3 years
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   57 pence  150,000
 d)   Aggregated information                                       n/a
 e)   Date of the transaction                                      8 December 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

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