Director/PDMR Shareholding - Grant of Options

Eleco

06/05/2025 07:00

RNS Number : 3394H

Eleco PLC

06 May 2025

 

6 May 2025

Eleco Plc

("Eleco", "Group" or the "Company")

 

Grant of Options

 

Eleco plc (AIM: ELCO), the specialist software provider for the built environment, announces that on 1 May 2025 the Remuneration Committee granted a total of 1,465,000 new share options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") in the Company. 450,000 of the Options are nominal cost options ("LTIP Options") and the balance of 1,015,000 Options are exercisable at 121 pence each ("Employee Options").

Following this grant of Options, Eleco has 4,810,000 options in issue, representing approximately 5.76 per cent. of the Company's issued share capital.

250,000 LTIP Options were granted to Jonathan Hunter, CEO, and 200,000 LTIP Options were granted to Neil Pritchard, CFO. All of these Options are nominal cost options that shall vest after 3 years if certain performance criteria related to growth in revenue, profit and share price are met. To fully vest, Eleco will need to deliver significant growth from current levels.

175,000 Employee Options were granted to other PDMRs of the Company as set out below and 840,000 Employee Options were granted to various other employees of the Company. All of the Employee Options are market priced options with no vesting criteria other than to remain in employment by the Group and shall vest after 3 years. These Options are exercisable at 121 pence.

Director/PDMR
Options issued on1 May2025
Total options held post issue
Jonathan Hunter
250,000
1,205,000
Neil Pritchard
200,000
675,000
Richard Fletcher
75,000
75,000
Mark Chapman
50,000
160,000
Alex Gheboianu
50,000
125,000

 

The Options are issued under the Eleco 2014 Share Option Plan and are exercisable up to 1 May 2035, subject to the achievement of the appropriate performance criteria.

For the purposes of Article 7 of EU Regulation 596/2014, this announcement is deemed to contain inside information.

 

Enquiries:

 

Eleco plc
+44 (0)20 7422 8000
Jonathan Hunter, Chief Executive Officer
Neil Pritchard, Chief Financial Officer
Cavendish Capital Markets Limited
+44 (0)20 7220 0500
Geoff Nash / Seamus Fricker / Elysia Bough (Corporate Finance)
Louise Talbot (Sales) / Harriet Ward (ECM)


 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome, PEMAC, Vertical Digital and Veeuze from centres of excellence in the UK, Ireland, Sweden, Germany, the Netherlands, Romania and the USA.

The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.

For further information please visit www.eleco.com.

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

1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Jonathan Hunter
2.
Reason for the Notification
a)
Position / status
Chief Executive Officer
b)
Initial notification /amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Eleco plc
b)
LEI
21380016GT9Z6ZQX4T37
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 of 1p each
Identification code
GB0003081246
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Exercise price of 1p
250,000
d)
Aggregated information:
Aggregated volume
Price
n/a
e)
Date of the transaction
1 May2025
f)
Place of the transaction
Outside of a trading venue

 

1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Neil Pritchard
2.
Reason for the Notification
a)
Position / status
Chief Financial Officer
b)
Initial notification /amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Eleco plc
b)
LEI
21380016GT9Z6ZQX4T37
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 of 1p each
Identification code
GB0003081246
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Exercise price of 1p
200,000
d)
Aggregated information:
Aggregated volume
Price
n/a
e)
Date of the transaction
1 May2025
f)
Place of the transaction
Outside of a trading venue

 

1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Richard Fletcher
2.
Reason for the Notification
a)
Position / status
Chief Revenue Officer / PDMR
b)
Initial notification /amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Eleco plc
b)
LEI
21380016GT9Z6ZQX4T37
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 of 1p each
Identification code
GB0003081246
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Exercise price of 121p
75,000
d)
Aggregated information:
Aggregated volume
Price
n/a
e)
Date of the transaction
1 May2025
f)
Place of the transaction
Outside of a trading venue

 

1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Mark Chapman
2.
Reason for the Notification
a)
Position / status
Head of Innovation / PDMR
b)
Initial notification /amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Eleco plc
b)
LEI
21380016GT9Z6ZQX4T37
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 of 1p each
Identification code
GB0003081246
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Exercise price of 121p
50,000
d)
Aggregated information:
Aggregated volume
Price
n/a
e)
Date of the transaction
1 May2025
f)
Place of the transaction
Outside of a trading venue

 

1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Alex Gheboianu
2.
Reason for the Notification
a)
Position / status
Chief Technology Officer / PDMR
b)
Initial notification /amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Eleco plc
b)
LEI
21380016GT9Z6ZQX4T37
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 of 1p each
Identification code
GB0003081246
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Exercise price of 121p
50,000
d)
Aggregated information:
Aggregated volume
Price
n/a
e)
Date of the transaction
1 May2025
f)
Place of the transaction
Outside of a trading venue

 

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