REG - SysGroup PLC - Exercise of options and director dealing

SysGroupAnnouncement

26/05/2023 12:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230526:nRSZ8402Aa&default-theme=true

RNS Number : 8402A  SysGroup PLC  26 May 2023

26 May 2023

 

SysGroup plc

 

("SysGroup" or "Company")

 

Exercise of options, director dealing and purchase of shares into treasury

 

Issue of equity and exercise of share options

 

SysGroup plc (AIM:SYS), further to the earlier announcement today, announces
it has issued 2,076,394 ordinary shares of 1p each ("Ordinary Shares") in the
capital of the Company following notification by Adam Binks, Chief Executive
Officer that he has exercised options over 2,076,394 Ordinary Shares in the
Company which have vested by agreement of the Company under the 2018 and 2020
SysGroup Long Term Incentive Plans.

 

Adam Binks has sold and and the Company has purchased, a total of 2,076,394
Ordinary Shares at a price of £0.375 per Ordinary Share.

 

Admission to trading and total voting rights

 

Following admission to trading of the Ordinary Shares, which is expected to
take place on 2 June 2023, the Company's total number of Ordinary Shares in
issue will increase to 51,496,084 and the number of shares held in treasury
will be 2,636,394 representing 5.12% of the Company's issued share capital.
Therefore the number of voting rights in the company will be 48,859,690.

 

 For further information please contact:

 SysGroup plc                              Tel: 0151 559 1777

 Adam Binks, Chief Executive Officer

 Martin Audcent, Chief Financial Officer

 Liberum (Nomad and Broker)                Tel: 0203 100 2000

 Edward Mansfield

 Alma PR (Financial PR)

 Josh Royston                              Tel: 07780 901 979

 Matthew Young

 

About SysGroup

SysGroup is a multi-award-winning technology solutions provider that creates
value through technology transformation. Our mission is to supercharge the UK
mid-market and we have built our business around our customers' challenges,
enabling them to drive productivity, increase their resilience, mitigate risk
and become more sustainable. Our bespoke solutions are at the forefront of
technology innovation, combining world-class, green technology infrastructure
with cutting-edge expertise and best-in-breed partners.

 

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester and
Newport.

 

For more information, visit http://www.sysgroup.com (http://www.sysgroup.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                                                                            Adam Binks

 2                                    Reason for the notification

 a)   Position/status                                                                 CEO

 b)   Initial notification /Amendment                                                 Initial Notification

 3                                    Details of the issuer, emission allowance market participant, auction

                                    platform, auctioneer or auction monitor

 a)   Name                                                                            SysGroup plc

 b)   LEI                                                                             213800D18GPZZJR9SH55

 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 1 pence each ("Ordinary Shares")

                                      Identification code                                              GB00
                                                                                                       BYT1
                                                                                                       8182

 b)   Nature of the transaction                                                       Exercise of options and subsequent sale of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                                       Transaction      Price(s)         Volume(s)
                                                                                                       Purchase         £0.01            2,076,394
                                                                                                       Sale             £0.375           2,076,394

 d)   Aggregated information

                                      - Aggregated volume                                              As
                                                                                                       in
                                                                                                       4.c)
                                                                                                       abov
                                                                                                       e

                                      - Price

 e)   Date of the transaction                                                         26/05/2023

 f)   Place of the transaction                                                        London Stock Exchange - AIM

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHSELFFMEDSESI