REG - Eagle Eye Sol Gp PLC - Issue of Share Options

Eagle Eye SolutionsAnnouncement

14/02/2020 07:00

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RNS Number : 9848C  Eagle Eye Solutions Group PLC  14 February 2020

14 February 2020

 

Eagle Eye Solutions Group plc

("Eagle Eye", the "Group", or the "Company")

 

Issue of share options

 

Eagle Eye, a leading SaaS technology company that creates digital connections
enabling personalised, real-time marketing through coupons, loyalty, apps,
subscriptions and gift services, announces that the following options over
ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 13
February 2020 to the following Executive Directors and senior personnel of
Eagle Eye, as follows:

 

 Director/Senior Personnel  Role  Number of Ordinary Shares subject to option grant  Total number of Ordinary Shares under option post grant  % of existing issued share capital
 Tim Mason                  CEO   188,775                                            1,717,404                                                6.7%
 Steve Rothwell             CTO   109,050                                            905,750                                                  3.5%
 Lucy Sharman-Munday        CFO   109,050                                            647,230                                                  2.5%
 Al Henderson               CSO   49,165                                             276,165                                                  1.1%
 David Aylmer               COO   63,397                                             313,604                                                  1.2%

 

These awards have been made under the Eagle Eye Group Solutions Plc Long Term
Incentive Plan scheme and have been granted under the current year's Long Term
Incentive Plan performance criteria, vesting following completion of the
financial year ending 30 June 2022 subject to revenue and EBITDA performance
criteria and the overall underlying performance of the Company. In common with
previous awards, the number of options which vest will vary depending on the
level of achievement between threshold, target and stretch performance levels.

 

Following the new grant of options and assuming all vesting criteria is met,
the fully diluted number of Ordinary Shares would be 30,187,323; of which the
total number of Ordinary Shares over which options currently issued and
outstanding represent 15.6% of the fully diluted number of Ordinary Shares.
This is in accordance with the Company's shareholder approved limit for shares
outstanding under the Company's share option schemes at any time of a maximum
of 20% of the ordinary share capital of the Company in issue at such time.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         1.   Tim Mason

                                                                   2.   Steve Rothwell

                                                                   3.   Lucy Sharman-Munday

                                                                   4.   Al Henderson

                                                                   5.   David Aylmer
 2    Reason for the notification
 a)   Position/status                                              1.   Chief Executive Officer

                                                                   2.   Chief Technology Officer

                                                                   3.   Chief Financial Officer

                                                                   4.   Chief Sales Officer

                                                                   5.   Chief Operating Officer
 b)   Initial notification/Amendment                               Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Eagle Eye Solutions Group plc
 b)   LEI                                                          2138002S1AIBVVMZ7A21
 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 1p each

      Identification code                                          GB00BKF1YD83

 b)   Nature of transaction                                        Grant of Options

 c)   Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                   1.   £0.01 exercise price per share      1.   188,775

                                                                   2.   £0.01 exercise price per share      2.   109,050

                                                                   3.   £0.01 exercise price per share      3.   109,050

                                                                   4.   £0.01 exercise price per share      4.   49,165

                                                                   5.   £0.01 exercise price per share      5.   63,397
      Aggregated information

      -      Aggregated volume                                     519,437 options

      -      Price                                                 £5,194.37 combined exercise price
 e)   Date of the transaction                                      13 February 2020
 f)   Place of the transaction                                     Outside of a trading venue

 

 

 For further information, please contact:

 Tim Mason, Chief Executive Officer                          Tel: 0844 824 3686

 Lucy Sharman-Munday, Chief Financial Officer

 Investec (Nominated Advisor and Joint Broker)               Tel: 020 7597 5970

 Corporate Finance: David Anderson / Sebastian Lawrence

 Corporate Broking: Sara Hale, Toba Fatimilehin

 Shore Capital (Joint Broker)                                Tel: 020 7408 4090

 Corporate Finance: Hugh Morgan/ Daniel Bush/ Sarah Mather

 Corporate Broking: Henry Willcocks

 Alma PR

 Caroline Forde/ Rebecca Sanders-Hewett/ Jessica Joynson     Tel: 020 3405 0205

 

 

About Eagle Eye

Eagle Eye is a leading SaaS technology company transforming marketing by
creating digital connections that enable personalised performance marketing in
real time through coupons, loyalty, apps, subscriptions and gift services.

 

Eagle Eye AIR enables the secure issuance and redemption of digital offers and
rewards at scale, across multiple channels, enabling a single customer view.
We create a network between merchants, brands and audiences to enable customer
acquisition, interaction and retention at lower cost whilst driving marketing
innovation.

 

The Group's current customer base comprises leading names in UK Grocery,
Retail and Food & Beverage sectors, including Asda, Sainsbury's, Tesco,
Waitrose and John Lewis & Partners, JD Sports, Greggs, Mitchells &
Butlers, Pizza Express and in Canada, Loblaws, Shoppers Drug Mart and Esso.

 

For more information, please visit www.eagleeye.com

 

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