Cancellation and Grant of options

Ecsc

24/08/2020 07:00

RNS Number : 8917W

ECSC Group PLC

24 August 2020

 

24 August 2020

ECSC Group plc

('ECSC', the 'Company' or the 'Group')

Cancellation and Grant of options

ECSC (AIM: ECSC), the provider of cyber security services, announces that on 21 August 2020, the Company cancelled options over 588,037 new ordinary shares in the Company ("Ordinary Shares") in respect of the following directors, persons discharging managerial responsibilities ("PDMRs") and employees of the Company:

 

Name
Position
Number of options over Ordinary Shares cancelled
Lucy Sharp
Chief Operating Officer
144,758
Ian Castle
Chief Technology Officer
103,602
Gemma Basharan
Chief Financial Officer
64,651
Paul Lambsdown
PDMR
48,952
Clare MacDonald
PDMR
48,952
Liz Knight
PDMR
20,000
n/a
Other employees
157,122

 

Following the above cancellation of options over Ordinary Shares, on 21 August 2020, the Company also granted options ("New Options") over 588,037 new Ordinary Shares to the same directors, PDMRs and Company employees:

 

Name
Position
Number of New Options granted
Total number of options held as at today's date
Lucy Sharp
Chief Operating Officer
144,758
144,758
Ian Castle
Chief Technology Officer
103,602
103,602
Gemma Basharan
Chief Financial Officer
64,651
64,651
Paul Lambsdown
PDMR
48,952
48,952
Clare MacDonald
PDMR
48,952
48,952
Liz Knight
PDMR
20,000
20,000
n/a
Other employees
157,122
157,122

 

The New Options are being granted pursuant to the Company's Enterprise Management Incentive Share Option Scheme (EMI Scheme) and have an exercise price of 65p per Ordinary Share, being the Company's closing mid-market share price on the date of grant. The New Options may vest and become exercisable at any time over a ten-year period from the date of grant subject to the Company's closing mid-market share price exceeding 167p per Ordinary Share for 10 consecutive business days.

 

Following the above cancellation and grant of options over Ordinary Shares, the Company has 794,448 options in issue over Ordinary Shares, representing 7.9% per cent. of the Company's issued share capital and voting rights.

 

The FCA notifications in respect of the above cancellation and grant of options over Ordinary Shares, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

 

ECSC Group plc (including press enquiries)
 David Mathewson, Non-Executive Chairman
 Ian Mann, Chief Executive Officer
+44 (0) 1274 736 223
Allenby Capital Limited (Nominated Adviser and Broker)
 David Hart/Asha Chotai (Corporate Finance)
 Tony Quirke (Sales)
For more information please visit the following: https://investor.ecsc.co.uk/
+44 (0) 203 3285 656

 

Notes to Editors

 

AIM listed ECSC Group plc, is the UK's longest running, full service cyber security provider.  Its consultancy-led approach, in addition to its custom methodologies and in-house proprietary technologies, enables ECSC to support all organisations across every sector.  ECSC has significant intellectual property, including Artificial Intelligence delivering remotely managed cyber security breach detection.

 

Established in 2000, ECSC operates from two Security Operations Centres (SOCs), one in the UK, based in Yorkshire and the second in Brisbane, Australia allowing ECSC to provide true 24/7/365 cyber security monitoring, detection and incident response.  ECSC also helps organisations test their cyber security, prevent breaches and achieve industry certifications.

 

The senior management team has over 80 years combined experience within the Company, and has delivered consecutive organic growth for the last 20 years. 

 

ECSC's client list ranges from e-commerce start-ups to global organisations, and the Company counts 10% of the FTSE 100 amongst its clients. 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lucy Sharp
Chief Operating Officer
Ian Castle
Chief Technology Officer
Gemma Basharan
Chief Financial Officer
Paul Lambsdown
PDMR
Clare MacDonald
PDMR
Liz Knight
PDMR
2
Reason for the notification
a)
Position/status
See above
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ECSC Group plc
b)
LEI
213800CG9B473DGJDC94
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
Identification code
Options over Ordinary shares of 0.1p each in ECSC Group plc
Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99
b)
Nature of the transaction
Cancellation of options over ordinary shares of 0.1p each in the Company
c)
Price(s) and volume(s)
Director / PDMR
No. of options cancelled
Exercise price
Lucy Sharp
144,758
Between 78p and 167p
Ian Castle
103,602
Between 78p and 167p
Gemma Basharan
64,651
Between 78p and 167p
Paul Lambsdown
48,952
Between 78p and 167p
Clare MacDonald
48,952
Between 78p and 167p
Liz Knight
20,000
Between 78p and 93p
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
21 August 2020
f)
Place of the transaction
Outside of a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lucy Sharp
Chief Operating Officer
Ian Castle
Chief Technology Officer
Gemma Basharan
Chief Financial Officer
Paul Lambsdown
PDMR
Clare MacDonald
PDMR
Liz Knight
PDMR
2
Reason for the notification
a)
Position/status
See above
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ECSC Group plc
b)
LEI
213800CG9B473DGJDC94
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
Identification code
Options over Ordinary shares of 0.1p each in ECSC Group plc
Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99
b)
Nature of the transaction
Grant of options over ordinary shares of 0.1p each in the Company
c)
Price(s) and volume(s)
Director / PDMR
No. of options granted
Exercise price
Lucy Sharp
144,758
65p
Ian Castle
103,602
65p
Gemma Basharan
64,651
65p
Paul Lambsdown
48,952
65p
Clare MacDonald
48,952
65p
Liz Knight
20,000
65p
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
21 August 2020
f)
Place of the transaction
Outside of a trading venue

 

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