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XPD - Xpediator News Story

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Sector
Industrials
Size
Small Cap
Market Cap £93.5m
Enterprise Value £120.3m
Revenue £221.2m
Position in Universe 1075th / 1821

Xpediator PLC - Launch of CSOP and Issue of awards to Director

Fri 5th February, 2021 7:00am
RNS Number : 0839O
Xpediator PLC
05 February 2021
 

5 February 2021

XPEDIATOR PLC

 

("Xpediator" or the "Company" or the "Group")

 

Launch of CSOP and Issue of awards to Director

 

Xpediator today announces the launch of a new Company Share Option Plan ("CSOP") to employees including, Robert Ross, Chief Executive Officer.

 

The Company has today granted options over 3,168,539 new ordinary shares to 108 employees under the Group CSOP. The award value is between £5,000 - £30,000 (depending on seniority within the business) divided by closing share price on the day before grant of CSOP options with an exercise price equivalent to 110% of the closing share price on the day before grant. These options vest three years from the award date and are subject to meeting a performance criteria of an average earnings per share (EPS) growth of 10% per annum, from the 1st January 2021 to 31st December 2023.

 

Robert Ross has also been granted options over 67,415 new ordinary shares under the CSOP. These options vest three years from the award date and are subject to meeting a performance criteria of an average earnings per share (EPS) growth of 10% per annum, from the 1st January 2021 to 31st December 2023.

 

 

Enquiries

Xpediator plc

 

Robert Ross, CEO

Tel: +44 (0)330 043 239

 

 

Cenkos Securities plc (Nominated Adviser & Joint Broker)

Tel: +44 (0)20 7397 8900

Max Hartley, Max Gould (Corporate Finance)

 

Nick Searle (Sales)

 

Novella Communications (Financial Public Relations)

Tel: +44 (0)20 3151 7008

Tim Robertson

 

Fergus Young

 

 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of the Market Abuse Regulation.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Robert Ross

1.2   2.     

Reason for the notification

a)

Position/status:

CEO

b)

Initial notification/Amendment:

Initial notification

1.3   3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Xpediator Plc

b)

LEI:

213800XBOVDBT2HEC967

1.4   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:

Identification code:

CSOP options

GB00BF6P5V92

b)

Nature of the transaction:

Grant of options under Company and CSOP

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nil

67,415

 

 

d)

Aggregated information:

Aggregated volume:

Price:

n/a

 

e)

Date of the transaction:

 

5 February 2021

 

f)

Place of the transaction:

Off market

 

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