REG - Elecosoft PLC - Issue of Options <Origin Href="QuoteRef">ELCO.L</Origin>
RNS Number : 7412NElecosoft PLC28 October 2016Elecosoft plc
("Elecosoft" or "the Company")
Issue of Options
Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that yesterday the Company issued a total of 750,000 options to subscribe for new ordinary shares in the Company under the Elecosoft 2015 Share Option Plan, as adopted by the shareholders at the AGM on 26 May 2016, to various directors of the Company (the "Options"). The Options shall vest if, and only if, the performance targets listed below are met:
1. Revenue of the Company as per the Accounts for the year ended 31 December 2018 is at least 21,400,000; and
2. EPS as per the Accounts for the year ended 31 December 2018 is at least 2.76 pence.
If either of the performance targets is not met, the Options shall lapse.
The options are exercisable at 28.7 pence and will expire on 26 October 2026. Details of director and other PDMR option awards are included in the disclosure notices at the end of this announcement.
Director/PDMR
Options issued
Total options held post issue
John Ketteley
250,000
250,000
Graham Spratling
150,000
150,000
Jason Ruddle
200,000
200,000
Jonathan Hunter
150,000
150,000
For further information, please contact:
Elecosoft plc
John Ketteley (Executive Chairman)
Jonathan Hunter (Group Marketing and Business Development Director)
finnCap Ltd
Tel: 020 7857 5210
Adrian Hargrave / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
Tel: 020 7220 0500
Redleaf Communications
Rebecca Sanders-Hewett / David Ison
/ Susie Hudson
Tel: 020 7382 4730
About Elecosoft
Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.
For more information, please visitwww.elecosoft.com
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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
John Ketteley
2.
Reason for the Notification
a)
Position/status
Executive Chairman
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Elecosoft plc
b)
LEI
N/A
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)
Price(s)
Volume(s)
28.7 pence
250,000
d)
Aggregated information:
Aggregated volume
Price
n/a - single transaction
e)
Date of the transaction
Share Option Granted 27th October 2016
f)
Place of the transaction
Outside of a trading venue
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
Graham Spratling
2.
Reason for the Notification
a)
Position/status
Group Finance Director
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Elecosoft plc
b)
LEI
N/A
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)
Price(s)
Volume(s)
28.7 pence
150,000
d)
Aggregated information:
Aggregated volume
Price
n/a - single transaction
e)
Date of the transaction
Share Option Granted 27th October 2016
f)
Place of the transaction
Outside of a trading venue
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
Jason Ruddle
2.
Reason for the Notification
a)
Position/status
Chief Operating Officer
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Elecosoft plc
b)
LEI
N/A
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)
Price(s)
Volume(s)
28.7 pence
200,000
d)
Aggregated information:
Aggregated volume
Price
n/a - single transaction
e)
Date of the transaction
Share Option Granted 27th October 2016
f)
Place of the transaction
Outside of a trading venue
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
Jonathan Hunter
2.
Reason for the Notification
a)
Position/status
Group Marketing and Business Development Director
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Elecosoft plc
b)
LEI
N/A
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)
Price(s)
Volume(s)
28.7 pence
150,000
d)
Aggregated information:
Aggregated volume
Price
n/a - single transaction
e)
Date of the transaction
Group Marketing and Business Development Director
f)
Place of the transaction
Outside of a trading venue
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHEAPEPAADKFEF
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