REG - Eleco PLC - Director/PDMR Shareholding - Grant of Options

ElecoAnnouncement

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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 on 1 May 2025  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 (http://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                                            n/a

     Price
 e)  Date of the transaction                                      1 May 2025
 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                                            n/a

     Price
 e)  Date of the transaction                                      1 May 2025
 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                                            n/a

     Price
 e)  Date of the transaction                                      1 May 2025
 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                                            n/a

     Price
 e)  Date of the transaction                                      1 May 2025
 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                                            n/a

     Price
 e)  Date of the transaction                                      1 May 2025
 f)  Place of the transaction                                     Outside of a trading venue

 

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