REG - Eagle Eye Sol Gp PLC - Issue of share options

Eagle Eye SolutionsAnnouncement

05/04/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230405:nRSE3909Va&default-theme=true

RNS Number : 3909V  Eagle Eye Solutions Group PLC  05 April 2023

5 April 2023

 

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 today
to the following Executive Directors and person discharging managerial
responsibilities ("PDMRs") of Eagle Eye for nil cost as follows:

 

 Director/PDMR        Role                       Number of Ordinary Shares subject to FY25 option grant  Number of Ordinary Shares subject to FY23 option grant  Total number of Ordinary Shares under option post grant  % of existing issued share capital
 Tim Mason            Chief Executive Officer    66,843                                                  71,331                                                  1,700,474                                                5.8%
 Steve Rothwell       Chief Information Officer  38,613                                                  41,206                                                  286,626                                                  1.0%
 Lucy Sharman-Munday  Chief Financial Officer    38,613                                                  41,206                                                  536,826                                                  2.0%
 Al Henderson         Chief Sales Officer        22,448                                                  18,938                                                  171,399                                                  0.6%
 David Aylmer         Chief Operating Officer    22,448                                                  23,955                                                  308,297                                                  1.1%
 Claire Essex-Crosby  Chief People Officer       14,156                                                  6,114                                                   68,263                                                   0.2%
 James Esson          Company Secretary          6,534                                                   2,094                                                   32,649                                                   0.1%

 

The FY25 awards have been made under the Eagle Eye Group Solutions Plc Long
Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and
have been granted under the current year's Long Term Incentive Plan
performance criteria, vesting following completion of the three year period
ending 30 June 2025 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. The
value of options awarded is scaled back from previous years in recognition of
the Growth Plan being issued at the same time.

The FY23 awards have been made under the Eagle Eye Group Solutions Plc Long
Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and
have been granted under the current year's Long Term Incentive Plan
performance criteria, vesting following completion of the three year period
ending 30 June 2023 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 stretch and super stretch performance levels as previously
detailed in the Company's 2021 Remuneration Committee Report.

Following the new grant of options and assuming all vesting criteria is met,
the fully diluted number of Ordinary Shares would be 32,833,594; of which the
total number of Ordinary Shares over which options currently issued and
outstanding represent 11.0% 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

                                                                   6.   Claire Essex-Crosby

                                                                   7.   James Esson
 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

                                                                   6.   Chief People Officer

                                                                   7.   Company Secretary
 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 over Ordinary Shares

 c)   Price(s) and volume(s)                                       Price(s)                     Volume(s)
                                                                   1.   Nil                     1.   138,174

                                                                   2.   Nil                     2.   79,819

                                                                   3.   Nil                     3.   79,819

                                                                   4.   Nil                     4.   41,386

                                                                   5.   Nil                     5.   46,403

                                                                   6.   Nil                     6.   20,270

                                                                   7.   Nil                     7.   8,628

      Aggregated information                                       Not applicable

      -      Aggregated volume

      -      Price

 e)   Date of the transaction                                      4 April 2023
 f)   Place of the transaction                                     Outside of a trading venue

 

Enquiries:

 

 Eagle Eye Solutions Group plc                                        Tel: 0844 824 3686
 Tim Mason, Chief Executive Officer
 Lucy Sharman-Munday, Chief Financial Officer

 Investec Bank plc (Nominated Adviser & Joint Broker)                 Tel: +44 20 7597 5970
 Corporate Broking & PLC Advisory: David Anderson, Nick Prowting

 Shore Capital (Joint Broker)                                         Tel: +44 20 7408 4090
 Corporate Advisory: Daniel Bush, David Coaten, Lucy Bowden

 Corporate Broking: Henry Willcocks

 Alma PR (Financial PR)                                               Tel: +44 20 3405 0205
 Caroline Forde, Hannah Campbell

 

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.
The Group creates a network between merchants, brands and audiences to enable
customer acquisition, interaction and retention at lower cost whilst driving
marketing innovation.

 

The Company's current customer base comprises leading names in UK Grocery,
Retail, Leisure and Food & Beverage sectors, including Asda, Sainsbury's,
Tesco, Waitrose and John Lewis & Partners, Virgin Red, JD Sports, Pret A
Manger, Greggs, Mitchells & Butlers, PizzaExpress; in North America,
Loblaws, Shoppers Drug Mart, Southeastern Grocers and Staples US Retail and in
Australia & New Zealand, Woolworths Group and The Warehouse Group. In
January 2023, the Group acquired France based Untie Nots, a personalised
promotions business, adding Carrefour, E. Leclerc, Auchan and other leading
brands to its European customer base.

 

Web - www.eagleeye.com (http://www.eagleeye.com/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHNKQBDCBKDOQK