Director/PDMR Shareholding - Grant of Options
24/07/2023 07:00
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RNS Number : 8533G IQGeo Group PLC 24 July 2023
IQGeo Group plc
(the "Company" or the "Group")
Grant of Options
IQGeo Group plc (AIM: IQG), a developer of geospatial software that is
"Building better networks" for telecom and utility operators, announces the
grant of options over a total of 250,000 new ordinary shares of 2 pence each
in the Company ("Ordinary Shares") ("Options") to Richard Petti, Chief
Executive Officer, and Haywood Chapman, Chief Financial Officer.
These Options were granted on 24 July 2023 pursuant to and in accordance with
the terms of the Group's existing 2020 Share Option Plan (as described in the
Company's announcement of 3 December 2020) and on the recommendation of the
Company's Remuneration Committee. Richard Petti has been awarded 160,000
Options and Haywood Chapman awarded 90,000 Options in respect of the year
ended 31 December 2022.
The exercise price for these Options is 210.0 pence, being the approximate
30-day volume-weighted average price for the period to 27 March 2023, the date
on which the financial results for the year ended 31 December 2022 were
announced. The vesting conditions remain in line with options previously
issued under the 2020 Share Option Plan with Options vesting in portions of
one third on the first, second and third anniversaries of grant and have no
further performance conditions other than ongoing employment on the date of
vesting. The Options will be subject to a two-year holding period from vesting
point, with sales only permitted to sell shares sufficient to cover the
exercise cost and any tax liability within this holding period. The Options
will vest in full on a change of control.
Following these transactions, Mr. Petti's beneficial interest remains at
221,077 Ordinary Shares, representing 0.36 per cent. of the total issued share
capital and he now holds 2,060,000 options over Ordinary Shares. Mr. Chapman's
beneficial interest in the Company remains at 131,228 Ordinary Shares,
representing 0.21 per cent. of the total issued share capital. In addition he
now holds 850,000 options over Ordinary Shares.
For further information contact:
IQGeo Group
plc
+44 1223 606655
Richard Petti
Haywood Chapman
finnCap
Ltd
+44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
Notes to editors
About IQGeo
Telecommunications and utility operators are "Building better networks" with
IQGeo's award-winning software solutions. The ability to powerfully model any
network requirement, integrate every system and data source, and support field
and office teams with continual innovation is helping operators create the
networks of the future. Our solutions ensure greater cross-team collaboration
and process efficiency throughout the network lifecycle, from planning and
design to construction, operations, and sales.
Whether it's highly competitive fiber and 5G broadband rollouts or complex
utility grid modernization projects, IQGeo's enterprise solutions, our
OSPInsight fiber design software, and our Comsof automated planning software
are proven industry leaders. We partner with large multinationals and smaller
regional operators to deliver the digital innovation they need to increase
network resilience, operational safety, and business ROI.
Headquartered in Cambridge, with offices in Denver, Ghent, Toronto, Frankfurt
and Tokyo, we work with some of the largest network infrastructure operators
in the world. For more information visit: www.iqgeo.com/
(http://www.iqgeo.com/)
IQGeo trades on AIM with the ticker IQG.
For additional information please visit www.iqgeo.com (http://www.iqgeo.com)
The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them are set
out below pursuant to the EU Market Abuse regulation.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Haywood Chapman
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IQGEO Group plc
b) LEI 213800P2PCLCEFANB194
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 2p Ordinary Shares
Identification code
ISIN: GB00B3NCXX73
b) Nature of the transaction Grant of Options over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
nil 90,000
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 24 July 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
24 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Petti
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IQGEO Group plc
b) LEI 213800P2PCLCEFANB194
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 2p Ordinary Shares
Identification code
ISIN: GB00B3NCXX73
b) Nature of the transaction Grant of Options over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
nil 160,000
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 24 July 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
24 July 2023
f)
Place of the transaction
Outside a trading venue
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