REG - Smartspace Software - Share Options

Smartspace SoftwareAnnouncement

09/08/2023 07:00

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RNS Number : 7133I  Smartspace Software PLC  09 August 2023

 

9 August 2023

 

 

SmartSpace Software Plc

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

 

 

Grant of, amendment of, and cancellation and re-issue of, PDMR Share Options

SmartSpace Software Plc, (AIM:SMRT) the leading provider of 'Integrated Space
Management Software' for smart buildings and commercial spaces, announces the
grant of, amendment of, and cancellation and re-issue of, Share Options held
by Frank Beechinor (Chief Executive Officer), Kristian Shaw (Chief Financial
Officer), and Hadleigh Ford (SwipedOn Managing Director) as detailed in the
tables below.

Cancelled and re-issued options

                  Number of options cancelled  Strike price of cancelled options  Normal first vesting date of cancelled options  Number of options re-issued  Strike price of re-issued options  Normal first vesting date of re-issued options
 Frank Beechinor  323,943                      94.0 pence                         17-Oct-2023                                     323,943                      44.0 pence                         9 August 2026
 Frank Beechinor  100,000                      92.0 pence                         17-Oct-2023                                     100,000                      44.0 pence                         9 August 2026
 Frank Beechinor  338,950                      137.5 pence                        22-Sep-2024                                     338,950                      44.0 pence                         9 August 2026
 Kristian Shaw    50,000                       92.5 pence                         23-Oct-2023                                     50,000                       44.0 pence                         9 August 2026
 Kristian Shaw    125,000                      137.5 pence                        22-Sep-2024                                     125,000                      44.0 pence                         9 August 2026

Amended options

                Number of options Amended  Strike price before amendment  Normal first vesting date before amendment  Revised strike price  Revised normal first vesting date
 Hadleigh Ford  200,000                    92.5 pence                     23-Oct-2023                                 44.0 pence            9 August 2026

New options

                Number of options issued  Strike price of options  Normal first vesting date
 Kristian Shaw  200,000                   44.0 pence               9 August 2026
 Hadleigh Ford  200,000                   44.0 pence               9 August 2026

 

All new, amended, and re-issued options have an exercise price of 44.0 pence
per Ordinary Share, will vest three years from the date of grant or amendment,
and once vested, are exercisable at any time up to ten years after the date of
first grant. The options do not carry any performance criteria aside from
continuous employment and are subject to other customary terms and conditions.

 

Guy van Zwanenberg, Chairman of SmartSpace commented:

"Our remuneration strategy focuses on ensuring our key management are
motivated to deliver growth and success for SmartSpace and its shareholders.
With finite cash resources, rebasing and issuing new options allows us to
combine reward for past performance with incentivisation for future growth,
whilst not depleting the cash funds that will be used to drive the growth of
the business."

 

 

 

Enquiries:

 SmartSpace Plc                               via Lisa Baderoon

 Frank Beechinor (CEO)

 Kris Shaw (CFO)

 Lisa Baderoon (Head of Investor Relations)   +44 (0) 7721 413 496

 lbaderoon@smartspaceplc.com

 Canaccord Genuity                            +44 (0) 20 7523 8000

 Nomad and Broker

 Adam James

 Harry Rees

 

About SmartSpace Software Plc:

 

SmartSpace Software Plc is a fast-growing SaaS-based technology business,
designing and building smart software solutions. The Company's software
solutions help transform employee engagement with modules which include
visitor management, desk management, meeting room management and analytics.

The operating brands of the business comprise of:

 

·      SwipedOn - SaaS visitor management, desk booking
(www.SwipedOn.com (http://www.SwipedOn.com) )

·      Space Connect - SaaS meeting room and desk booking
(www.spaceconnect.co (http://www.spaceconnect.co) )

 

For more information go to: www.smartspaceplc.com
(http://www.smartspaceplc.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                                                         Frank Beechinor
 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                                                         Smartspace Software Plc
 b)  LEI                                                          213800IQXZ3XYCMH6U90
 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 of 10p each

Identification code

                                                                  ISIN: GB00BYWN0F98
 b)  Nature of the transaction                                    Cancellation and re-issuance of share options over Ordinary Shares
 c)  Price(s) and volume(s)                                       No. of options  Exercise price
                                                                  323,943         44.0 pence
                                                                  100,000         44.0 pence
                                                                  338,950         44.0 pence
 d)  Aggregated information                                       762,893 options re-issued at 44 pence exercise price

- Aggregated volume

- Price
 e)  Date of the transaction                                      9 August 2023
 f)  Place of the transaction                                     Off market

d)

Aggregated information

- Aggregated volume

- Price

762,893 options re-issued at 44 pence exercise price

e)

Date of the transaction

9 August 2023

f)

Place of the transaction

Off market

 

 

 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                                                         Kristian Shaw
 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                                                         Smartspace Software Plc
 b)  LEI                                                          213800IQXZ3XYCMH6U90
 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 of 10p each

Identification code

                                                                  ISIN: GB00BYWN0F98
 b)  Nature of the transaction                                    Cancellation and re-issuance, and new grant of share options over Ordinary
                                                                  Shares
 c)  Price(s) and volume(s)                                       No. of options  Exercise price
                                                                  50,000          44.0 pence
                                                                  125,000         44.0 pence
                                                                  200,000         44.0 pence
 d)  Aggregated information                                       375,000 options re-issued at 44 pence exercise price

- Aggregated volume

- Price
 e)  Date of the transaction                                      9 August 2023
 f)  Place of the transaction                                     Off market

d)

Aggregated information

- Aggregated volume

- Price

375,000 options re-issued at 44 pence exercise price

 

e)

Date of the transaction

9 August 2023

f)

Place of the transaction

Off market

 

 

 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                                                         Hadleigh Ford
 2   Reason for the notification
 a)  Position/status                                              SwipedOn Managing Director
 b)  Initial notification /Amendment                              Initial
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Smartspace Software Plc
 b)  LEI                                                          213800IQXZ3XYCMH6U90
 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 of 10p each

Identification code

                                                                  ISIN: GB00BYWN0F98
 b)  Nature of the transaction                                    New grant of share options over Ordinary Shares
 c)  Price(s) and volume(s)                                       No. of options  Exercise price
                                                                  200,000         44.0 pence
 d)  Aggregated information                                       200,000 options issued at 44 pence exercise price

- Aggregated volume

- Price
 e)  Date of the transaction                                      9 August 2023
 f)  Place of the transaction                                     Off market

d)

Aggregated information

- Aggregated volume

- Price

200,000 options issued at 44 pence exercise price

e)

Date of the transaction

9 August 2023

f)

Place of the transaction

Off market

 

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