REG - Netcall PLC - Establishment of New Long-Term Incentive Plan

NetcallAnnouncement

31/12/2024 07:00

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RNS Number : 6519R  Netcall PLC  31 December 2024

31 December 2024

 

NETCALL PLC

 

("Netcall", the "Company" or the "Group")

 

Establishment of New Long-Term Incentive Plan

 

Exercise of Options and Director Dealing

 

Netcall plc (AIM:NET), a leading provider of intelligent automation and
customer engagement software, announces the establishment of a new long-term
incentive plan (the "2024 LTIP") and the granting of awards pursuant to the
LTIP.

 

The Board recognises the importance of equity incentive schemes as a means to
incentivise the Company's executive board members, wider senior management
team and employees ("Participants"), ensuring alignment with the objectives of
the Group and its shareholders. The 2024 LTIP has been established to
encourage long-term value creation for the Company's stakeholders and to align
the interests of the Participants with shareholders. Awards made under the
LTIP are in the form of nominal cost share options subject to the achievement
of certain performance criteria ("LTIP Awards").

 

LTIP Awards

 

The Company announces that on 30 December 2024 it granted options ("Options")
over ordinary shares of 5p each in the Company ("Ordinary Shares") to certain
directors of the Company ("Directors") as set out in the table below:

 

 Name of Director      Position                 Number of existing Options  Number of new Options granted  Total Options now held
 Mr. James Ormondroyd  Chief Executive Officer  0                           4,100,000                      4,100,000
 Mr. Richard Hughes    Chief Financial Officer  0                           1,200,000                      1,200,000

 

The Options have been granted under the 2024 LTIP and have an exercise price
of 5 pence. The Options are exercisable from 30 December 2026 until 30 June
2032 and are subject to certain performance and vesting criteria. The
performance criteria include the achievement of various share price hurdles
based on the average share price over 50 business days starting at £1.06 up
to a maximum share price of £2.40 and other customary corporate events. The
LTIP Awards are subject to a two-year lock-in period from the date of vesting.

 

Following the grant of the Options, the total number of Ordinary Shares under
option held by the Directors which could be issued if all of the performance
criteria are met is 5,300,000 Ordinary Shares, representing approximately 3.2%
per cent. of the current issued share capital of the Company.

 

 

 

 

 

 

For further enquiries, please contact:

 Netcall plc                                                        Tel. +44 (0) 330 333 6100
 James Ormondroyd, CEO

 Henrik Bang, Non-Executive Chair

 Richard Hughes, CFO

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)     Tel. +44 (0) 20 7523 8000
 Simon Bridges / Andrew Potts

 Singer Capital Markets (Joint Broker)                              Tel. +44 (0) 20 7496 3000
 Charles Leigh-Pemberton / Asha Chotai

 Alma Strategic Communications                                      Tel. +44 (0) 20 3405 0205
 Caroline Forde / Hilary Buchanan / Emma Thompson

 

About Netcall

Netcall's Liberty software platform with Intelligent Automation and Customer
Engagement solutions helps organisations digitally transform their businesses
faster and more efficiently, empowering them to create a leaner, more
customer-centric organisation.

Netcall's customers span enterprise, healthcare and government sectors. These
include two-thirds of the NHS Acute Health Trusts and leading corporates
including Legal and General, Lloyds Banking Group, Aon and Santander.

For further information, please go to www.netcall.com (http://www.netcall.com)
.

 

 1.                                Details of the person discharging managerial responsibilities / person closely
                                   associated
 a)                                Name                                                         James Ormondroyd
 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:                                                        Netcall plc
 b)                                LEI                                                          213800GZHEAA98QBJY98
 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
                                   Identification code                                          GB0000060532
 b)                                Nature of the transaction                                    Grant of options
 c)                                Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                                                5pence   4,100,000
 d)                                Aggregated information:                                      4,100,000 shares at an exercise price of 5 pence per Ordinary Share

                                   Aggregated volume

                                   Price
 e)                                Date of the transaction                                      30 December 2024
 f)                                Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information:

Aggregated volume

Price

4,100,000 shares at an exercise price of 5 pence per Ordinary Share

e)

Date of the transaction

30 December 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 1.                                Details of the person discharging managerial responsibilities / person closely
                                   associated
 a)                                Name                                                         Richard Hughes
 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:                                                        Netcall plc
 b)                                LEI                                                          213800GZHEAA98QBJY98
 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
                                   Identification code                                          GB0000060532
 b)                                Nature of the transaction                                    Grant of options
 c)                                Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                                                5pence   1,200,000
 d)                                Aggregated information:                                      1,200,000 Ordinary Shares at an exercise price of 5 pence per Ordinary Share

                                   Aggregated volume

                                   Price
 e)                                Date of the transaction                                      30 December 2024
 f)                                Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information:

Aggregated volume

Price

1,200,000 Ordinary Shares at an exercise price of 5 pence per Ordinary Share

e)

Date of the transaction

30 December 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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