REG - SpaceandPeople PLC - Grant of Options

SpaceandpeopleAnnouncement

24/08/2022 14:15

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RNS Number : 1119X  SpaceandPeople PLC  24 August 2022

SpaceandPeople PLC

 

("SpaceandPeople" or the "Company")

 

Grant of Options

 

1.         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 76,000 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 102.5 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 24 August 2025. 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
2024.

 

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

  Name           Role                     No. of Ordinary Shares

                                          over which New Options granted
 Nancy Cullen    Chief Executive Officer                            15,000
 Gregor Dunlay   Chief Financial Officer                            15,000
 Andrew Keiller  Chief Operating Officer                            15,000
 Various other employees                                            31,000
 Total                                                              76,000

 

2.         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  27,500                                  133,300
 Gregor Dunlay   Chief Financial Officer  38,750                                  1,000
 Andrew Keiller  Chief Operating Officer  31,250                                  -

 

The total number of Ordinary Shares over which options have been granted
(including the New Options) is 186,100 representing 9.5% per cent. of the
Company's existing issued share capital.

 

Enquiries

 SpaceandPeople plc
 Gregor Dunlay, Chief Financial Officer                                   0845 241 8215

 Zeus (Nominated Adviser and Broker)
 David Foreman, Jamie Peel, Ed Beddows                                    020 3829 5000

 

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.  102.5 pence (exercise price)  15,000
                                                                  2.  102.5 pence (exercise price)  15,000
                                                                  3.  102.5 pence (exercise price)  15,000
 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                                      2022-08-24
 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

2022-08-24

f)

Place of the transaction

Off market

 

 

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