REG - Eagle Eye Solutions - Grant of share options

Eagle Eye SolutionsAnnouncement

15/01/2025 07:00

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RNS Number : 3363T  Eagle Eye Solutions Group PLC  15 January 2025

15 January 2025

 

Eagle Eye Solutions Group plc

("Eagle Eye" or the "Company")

 

Grant of share options

 

Eagle Eye, a leading SaaS and AI technology company that creates digital
connections enabling personalised, real-time marketing at scale, announces
that the following options over ordinary shares of 1p each in Eagle Eye
("Ordinary Shares") were granted on 14 January 2025 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 FY27 option grant  Number of Ordinary Shares subject to FY24 option grant  Total number of Ordinary Shares under option post grants  Total as % of existing issued share capital
 Tim Mason            Chief Executive Officer    92,301                                                  25,819                                                  1,894,268                                                 6.4%
 Steve Rothwell       Chief Information Officer  54,505                                                  14,915                                                  300,732                                                   1.0%
 Lucy Sharman-Munday  Chief Financial Officer    54,505                                                  14,915                                                  692,138                                                   2.3%
 Al Henderson         Chief Sales Officer        30,199                                                  6,855                                                   106,398                                                   0.4%
 David Aylmer         Chief Operating Officer    30,199                                                  8,671                                                   323,733                                                   1.1%
 Claire Essex-Crosby  Chief People Officer       19,044                                                  2,149                                                   81,333                                                    0.3%
 James Esson          Company Secretary          19,982                                                  758                                                     58,051                                                    0.2%

 

Granting of the above options was delayed due to ongoing negotiations on the
multi-year global OEM agreement with one of the world's largest enterprise
software vendors announced on 13 January 2025.

 

Annual grant of share options

The FY27 awards have been made under the Eagle Eye Solutions Group plc Long
Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share.
The awards 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 2027 subject to revenue and EBITDA performance criteria and the
overall underlying performance of the Company. Consistent with previous
awards, the number of options which vest will vary depending on the level of
achievement between threshold (revenue £73.0m, EBITDA £18.0m), target and
stretch (revenue £91.0m, EBITDA £22.75m) performance levels.

 

FY24 grant of share options

The FY24 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, fully vested following completion of the three year
period ending 30 June 2024. In common with previous awards, the number of
options which vested depended on the level of achievement between stretch and
super stretch performance levels as previously detailed in the Company's 2022
Remuneration Committee Report.

 

Following the new grant of options and assuming all vesting criteria are met,
the fully diluted number of Ordinary Shares would be 33,538,604; of which the
total number of Ordinary Shares over which options currently issued and
outstanding represent 11.7% 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 Information 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 pursuant to Eagle Eye Solutions Group
                                                                   plc Long Term Incentive Plan

 c)   Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                   1.     Nil                              1.     118,120

                                                                   2.     Nil                              2.     69,420

                                                                   3.     Nil                              3.     69,420

                                                                   4.     Nil                              4.     37,054

                                                                   5.     Nil                              5.     38,870

                                                                   6.     Nil                              6.     21,193

                                                                   7.     Nil                              7.     20,740

      Aggregated information                                       Not applicable

      -      Aggregated volume

      -      Price

 e)   Date of the transaction                                      14 January 2025
 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 and Joint Broker)      Tel: +44 20 7597 5970
 David Anderson, Nick Prowting, James Smith

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

 Alma Strategic Communications                               Tel: +44 20 3405 0205
 Caroline Forde, Hannah Campbell, Kinvara Verdon

 

About Eagle Eye

Eagle Eye is a leading SaaS and AI technology company enabling retail, travel
and hospitality brands to earn the loyalty of their end customers by powering
their real-time, omnichannel and personalised consumer marketing activities,
at scale.

 

Eagle Eye AIR is a cloud-based platform, which provides the most flexible and
scalable loyalty and promotions capability in the world. More than 850 million
personalised offers are executed via the platform every week, and it currently
hosts over 500 million loyalty member wallets for businesses all over the
world. Eagle Eye is a certified member of the MACH Alliance and is trusted to
deliver a secure service at hundreds of thousands of physical POS destinations
worldwide, enabling the real-time issuance and redemption of promotional
coupons, loyalty offers, gift cards, subscription benefits and more.

 

The Eagle Eye AIR platform is currently powering loyalty and customer
engagement solutions for enterprise businesses all over the world, including
Asda, Tesco, Morrisons, Waitrose and John Lewis & Partners, JD Sports,
Pret a Manger, Loblaws, Southeastern Grocers, Giant Eagle, and the Woolworths
Group. In January 2024, Eagle Eye launched EagleAI, a next-generation data
science solution for personalisation, already being used by leading retailers
worldwide including Carrefour, Auchan and Pattison Food Group. Web -
www.eagleeye.com (http://www.eagleeye.com)

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