REG - Eleco PLC - Issue of Options

ElecoAnnouncement

23/02/2021 07:00

RNS Number : 9645P
  
Eleco PLC
  
23 February 2021
  
 

23 February 2021
Eleco Plc 
("Eleco" or the "Company") 
Issue of Options
The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction software specialist, advises that on 23 February 2021 the Company issued a total of 700,000 options to subscribe for new ordinary shares in the Company under the Elecosoft 2014 Share Option Plan in the following amounts:
 




Director/PDMR


Options Issued


Total Options Held Post Issue
 




Serena Lang


250,000


500,000




Jonathan Hunter


250,000


600,000




Benjamin Moralee


100,000


250,000




Anders Karlsson


100,000


400,000




 
The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2023 is at least higher or above 20% than EPS as per the Accounts for the year ended 31 December 2020.
The Options are exercisable at 100.4 pence and will expire on 23 February 2031.
 
Following the issue of the Options; (details of which are included in the disclosure notice at the end of this announcement).
The total number of options in issue post award is 2,940,000, representing approximately 3.5% of the Company's issued share capital.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
 
 




For further information, please contact:
 


 




Eleco plc


Tel: +44 (0)20 7422 8000




Serena Lang, Executive Chairman


 




Jonathan Hunter, Chief Executive Officer
Ben Moralee, Group Finance Director


 




 
finnCap Limited


 
Tel: +44 (0)20 7220 0500




Geoff Nash / Kate Bannatyne /  (Nomad)


 




Richard Chambers (ECM)


 




 
SEC Newgate 


 
Tel: +44 (0)20 3757 6880




Elisabeth Cowell / Isabelle Smurfit


eleco@secnewgate.co.uk




 
 
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the UK, Sweden, Germany, Netherlands and the USA.
The Company's market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden and Germany, and its solutions include  project management, estimating, timber engineering, CAD and visualisation, asset and facility management and cloud-based digital marketing solutions.
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 the person discharging managerial responsibilities / person closely associated




a)


Name


Serena Lang - Executive Chairman
Jonathan Hunter - Chief Executive Officer
Benjamin Moralee - Finance Director
Anders Karlsson - Managing Director
 




2.               


Reason for the Notification




a)


Position/status


See 1a) above




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


Options to subscribe for new ordinary shares of 1p each




Identification code


ELCO  GB0003081246




b)


Nature of the transaction


Grant of options




c)


Price(s) and volume(s)






Director


Price(s)


Volume(s)




S Lang


100.2p


250,000




J Hunter


100.2p


250,000




B Moralee


100.2p


100,000




A Karlsson


100.2p


100,000




 




d)


Aggregated information:
Aggregated volume
Price


 
See 4c) above 
 




e)


Date of the transaction


Share Options as described in 4c) 22 February 2021




f)


Place of the transaction


Outside of a trading venue




 

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 or visit 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.
 
  END
 
 
DSHLLLLLFLLEBBF