REG - SpaceandPeople PLC - Grant of Options and Surrender of Existing Options

SpaceandpeopleAnnouncement

22/12/2023 07:00

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RNS Number : 6797X  SpaceandPeople PLC  22 December 2023

SpaceandPeople PLC

 

("SpaceandPeople" or the "Company")

 

Grant of Options and Surrender of Existing Options

 

Grant of New Options

 

SpaceandPeople (AIM: SAL) the retail, promotional and brand experience
specialist, announces that it has today granted options (the "New Options")
over a total of 37,000 ordinary shares of 10 pence each in the Company
("Ordinary Shares") under its existing EMI share option scheme (the "Scheme").

 

The New Options are exercisable at a price of 60 pence per share, being the
closing share price on the day immediately preceding the date of grant of the
New Options and will vest no earlier than 21 December 2026. The New Options
expire on the tenth anniversary of the date of grant.

 

The New Options become exercisable on the third anniversary of grant, subject
to continued employment and the satisfaction of certain performance
conditions. These performance conditions (which have been set by the
Remuneration Committee of the Company) relate to the achievement of specified
financial targets that will be assessed over the three years to 31 December
2026.

 

Details of the above grants, including confirmation of the New Options granted
to the Company's executive directors, (together, the "Directors"), are as
follows:

 

  Name           Role                     No. of Ordinary Shares

                                          over which New Options granted
 Nancy Cullen    Chief Executive Officer                            9,000
 Gregor Dunlay   Chief Financial Officer                            9,000
 Andrew Keiller  Chief Operating Officer                            9,000
 Various other employees                                            10,000
 Total                                                              37,000

 

 

Surrender of Existing Options

 

In 2015, the Company granted options to acquire shares in the capital of the
Company to certain employees and directors of the Company pursuant to the
Scheme. On 21 December 2023 the remaining rights to the 2015 Options were
surrendered for no consideration.

 

Details of the above surrender are as follows:

 

  Name           Role                     No. of 2015 Options

                                          surrendered
 Nancy Cullen    Chief Executive Officer                    10,000
 Gregor Dunlay   Chief Financial Officer                    10,000
 Andrew Keiller  Chief Operating Officer                    2,500
 Various other employees                                    1,750
 Total                                                      24,250

 

 

Details of resultant holdings

 

Details of the Directors' resultant holdings of Ordinary Shares and options
over Ordinary Shares are as follows:

 

 Name            Role                     Total No. Ordinary Shares under Option  Total No. Ordinary Shares held
 Nancy Cullen    Chief Executive Officer  26,500                                  133,300
 Gregor Dunlay   Chief Financial Officer  37,750                                  1,000
 Andrew Keiller  Chief Operating Officer  37,750                                  -

 

The total number of Ordinary Shares over which options have been granted
(including the New Options) is 195,000 representing 9.99% per cent. of the
Company's existing issued share capital.

 

 

Contact details:

  SpaceandPeople Plc                    0845 241 8215
   Nancy Cullen, Gregor Dunlay
 Zeus (Nominated Adviser and Broker)    0203 829 5000
 David Foreman, Jamie Peel, Ed Beddows

 

 

The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse
Regulation).

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         1.   Nancy Cullen

                                                                  2.   Gregor Dunlay

                                                                  3.   Andrew Keiller
 2   Reason for the notification
 a)  Position/status                                              1.   Chief Executive Officer

                                                                  2.   Chief Financial Officer

                                                                  3.   Chief Operating Officer
 b)  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         SpaceandPeople PLC
 b)  LEI                                                          21380026UDE3LKFSDP68
 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 10 pence each ("Ordinary Shares")
     Identification code                                          ISIN: GB00B058DS79
 b)  Nature of the transaction                                    Grant of options over Ordinary Shares pursuant to the SpaceandPeople plc 2012
                                                                  Enterprise Management Incentive Scheme
 c)  Price(s) and volume(s)                                           Price(s)                   Volume(s)
                                                                  1.  60 pence (exercise price)  9,000
                                                                  2.  60 pence (exercise price)  9,000
                                                                  3.  60 pence (exercise price)  9,000
 d)  Aggregated information

     -   Aggregated volume

     -   Price                                                    1.   N/A single transaction

                                                                  2.   N/A single transaction

                                                                  3.   N/A single transaction
 e)  Date of the transaction                                      21 December 2023
 f)  Place of the transaction                                     Off market

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

1.   N/A single transaction

2.   N/A single transaction

3.   N/A single transaction

e)

Date of the transaction

21 December 2023

f)

Place of the transaction

Off market

 

 

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