REG - Elecosoft PLC - Issue of Options <Origin Href="QuoteRef">ELCO.L</Origin>
RNS Number : 5749NElecosoft PLC10 August 2017Elecosoft plc
("Elecosoft", the "Company" or the "Group")
Issue of Options
Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that yesterday the Company issued a total of 1,265,000 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 26th May 2016, to various employees and directors of the Company (the "Options"). The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2019 is at least 2.97 pence. If the performance target is not met, the Options shall lapse.
The Options are exercisable at 48.0 pence and will expire on 08th August 2027. Details of director 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
350,000
David Pearson
150,000
150,000
Jason Ruddle
100,000
300,000
Jonathan Hunter
100,000
250,000
Anders Karlsson
150,000
150,000
For further information please contact:
Elecosoftplc
John Ketteley , Executive Chairman
Jonathan Hunter, Marketing & Business Development Director
David Pearson, Group Finance Director and Company Secretary
Tel: 0203 857 5210
finnCap Ltd
Adrian Hargrave / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
Tel: 0207 220 0500
Redleaf Communications
Elisabeth Cowell/ David Ison
Tel: 0207 382 4730
elecosoft@redleafpr.com
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About Elecosoft plc
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
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 - Executive Chairman
David Pearson - Finance Director
Jason Ruddle - Managing Director
Jonathan Hunter - Business Development 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
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)
Director
Price(s)
Volume(s)
J Ketteley
48.0p
250,000
D Pearson
48.0p
150,000
J Ruddle
48.0p
100,000
J Hunter
48.0p
100,000
A Karlsson
48.0p
150,000
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
Share Options as described in 4c) Granted 9th August 2017
f)
Place of the transaction
Outside of a trading venue
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHEASPNEDEXEFF
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