REG - Software Circle PLC - Grant of options

Software CircleAnnouncement

22/12/2023 07:15

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RNS Number : 6884X  Software Circle PLC  22 December 2023

22 December 2023

Software Circle plc

("Software Circle" or the "Company" or the "Group")

 

Grant of options

 

Software Circle (AIM: SFT) announces that it has granted a total of 16,151,332
share options (the "Options") to persons discharging managerial
responsibilities ("PDMRs") as set out in the below table. These Options have
been granted pursuant to Software Circle's Share Option Plan ("SOP") which was
approved by shareholders at the General Meeting of the Company held on 15
September 2023, with all Options having been granted on the same terms.

 

All of the Options have been granted with an exercise price of 16.60 pence.
The Options begin to vest annually pro rata from 29 September 2027 and become
fully exercisable from 29 September 2030.

 

Following the grant of the Options, including the Company Share Option Plan
announced on 6 October 2023, Software Circle's entire option pool is
equivalent to 5% of the Company's current issued ordinary share capital.

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation is appended further below.

 

For further information:

 

Software Circle plc

Gavin Cockerill
(CEO)
07968 510 662

 

Allenby Capital Limited (Nominated Adviser and broker)
                0203 328 5656

David Hart / Piers Shimwell (Corporate Finance)

Stefano Aquilino / Joscelin Pinnington (Sales and Corporate Broking)

 

Notes to editors:

 

Software Circle plc is a UK based acquirer of vertical market software
businesses. Our aim is to help founders find the right exit strategy, without
fuss or drama. Continuing operations in an independent, decentralised way.
Keeping the entrepreneurial spirit and culture that exists in the businesses
we acquire. Providing a permanent home for their teams, management talent and
culture.

 

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                                                         1.    Gavin Cockerill

                                                                  2.    Iain Brown

                                                                  3.    Richard Lightfoot

                                                                  4.    Roman Rothenberg
 2.  Reason for the Notification
 a)  Position/status                                              1.    PDMR (Chief Executive Officer)

                                                                  2.    PDMR (Chief Financial Officer)

                                                                  3.    PDMR (Director & Company Secretary)

                                                                  4.    PDMR (M&A Director)
 b)  Initial notification/Amendment                               Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Software Circle plc
 b)  LEI                                                          213800OKTI2518K5KM22
 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 1p each
     Identification code                                          ISIN: GB0009638130
 b)  Nature of the transaction                                    Grant of options
 b)  Price(s) and volume(s)                                       Price(s)         Volume(s)
                                                                  1.    16.6p      1.    4,037,833

                                                                  2.    16.6p      2.    4,037,833

                                                                  3.    16.6p      3.    4,037,833

                                                                  4.    16.6p      4.    4,037,833
 d)  Aggregated information:

     - Aggregated volume                                          N/A (single transactions)

     - Price                                                      N/A (single transactions)
 e)  Date of the transaction                                      21 December 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

- Aggregated volume

- Price

 

N/A (single transactions)

N/A (single transactions)

e)

Date of the transaction

21 December 2023

f)

Place of the transaction

Outside a trading venue

 

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