REG - SysGroup PLC - Grant of Options and Director/PDMR Dealings

SysGroupAnnouncement

21/08/2024 17:00

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RNS Number : 3192B  SysGroup PLC  21 August 2024

21 August 2024

 

SysGroup plc

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

Grant of Options and Director/PDMR Dealings

 

SysGroup plc (AIM:SYS), the technology partner for delivery and management of
cloud, data and security services to power Artificial Intelligence ("AI") and
Machine Learning ("ML") transformation, announces that on 20 August 2024 the
Remuneration Committee of the Board of Directors made share awards over
2,489,846 ordinary shares of £0.01 each under the SysGroup plc Performance
Share Plan ("PSP") and 300 conditional share awards under the SysGroup plc
Value Creation Plan ("VCP") (together, the "Plans"). These Plans were approved
by shareholders at the general meeting on 24 June 2024 and have subsequently
been adopted by the Board.

The structure of the Plans is as set out in the announcement made by the Group
on 6 June 2024.

Under the VCP, participants will subscribe to conditional share awards, which
consist of A ordinary shares of £0.01 each in a wholly owned subsidiary
holding company, SysGroup Holding (No 1) Limited (company number 15880286).
The subscription price for these shares has been determined based on the
Unrestricted Market Value of the shares, as calculated by an independent
adviser, for UK tax PAYE best estimate purposes.

Participants in the VCP have also received awards under the PSP which take the
form of nil cost options over ordinary shares in the Company, and which vest
subject to performance against financial targets over a three year period. The
PSP awards will not be exercisable until 26 June 2029, the measurement date of
the VCP. If the VCP awards vest, a corresponding reduction will be made to the
number of shares that vest under the PSP awards to ensure that participants
benefit from only one of the Plans.

 

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                                                         Heejae Chae

 2    Reason for the notification

 a)   Position/status                                              Group Executive Chairman

 b)   Initial notification /Amendment                              Initial

 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                                          GB00BYT18182

 b)   Nature of the transaction                                    Conditional share award under VCP; and

                                                                   Share option awards under the PSP

 c)   Price(s) and volume(s)

                                                                                     Price(s)              Volume(s)
                                                                                     £1,746.666666666667   90 A ordinary shares of £0.01 each in the issued share capital of SysGroup

                     Holding (No 1) limited pursuant to the VCP

                     582,633 ordinary shares under the PSP

                                                                                     £0.01

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      20 August 2024

 f)   Place of the transaction                                     Off market

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Owen Phillips

 2    Reason for the notification

 a)   Position/status                                              Group Financial Officer

 b)   Initial notification /Amendment                              Initial

 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                                          GB00BYT18182

 b)   Nature of the transaction                                    Conditional share award under VCP; and

                                                                   Share option awards under the PSP

 c)   Price(s) and volume(s)

                                                                                     Price(s)              Volume(s)
                                                                                     £1,746.666666666667   35 A ordinary shares of £0.01 each in the issued share capital of SysGroup

                     Holding (No 1 Limited) pursuant to the VCP

                      210,084 PSP share options under the PSP

                                                                                     £0.01

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      20 August 2024

 f)   Place of the transaction                                     Off market

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Wendy Baker

 2    Reason for the notification

 a)   Position/status                                              Company Secretary and General Counsel

 b)   Initial notification /Amendment                              Initial

 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                                          GB00BYT18182

 b)   Nature of the transaction                                    Conditional share award under VCP; and

                                                                   Share option awards under the PSP

 c)   Price(s) and volume(s)

                                                                                     Price(s)              Volume(s)
                                                                                     £1,746.666666666667   35 A ordinary shares of £0.01 each in the issued share capital of SysGroup

                     Holding (No 1 ) Limited pursuant to the VCP

                     149,860 PSP share options under the PSP

                                                                                     £0.01

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      August 2024

 f)   Place of the transaction                                     Off market

 

 

 

 For further information, please contact:

 SysGroup plc                              Tel: 0333 101 9000
 Heejae Chae, Executive Chairman
 Owen Phillips, Chief Financial Officer

 Zeus (Nominated Adviser and Broker)       Tel: 0161 831 1512
 Jordan Warburton
 Nick Cowles
 Alex Campbell-Harris
 Nick Searle

 

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