Amino Technologies PLC Long Term Incentive Plan (0737I)
August 25 2016 - 2:01AM
UK Regulatory
TIDMAMO
RNS Number : 0737I
Amino Technologies PLC
25 August 2016
25 August 2016
AMINO TECHNOLOGIES PLC
("Amino", the "Company" or the "Group")
Long Term Incentive Plan
Amino Technologies plc (LSE: AMO), the Cambridge-based provider
of digital entertainment solutions for IPTV, Internet TV and
in-home multimedia distribution, announces the allotment of B
Shares of 0.1 pence in Amino Holdings Limited (a subsidiary of the
Group) ("B Shares") under the Employee Shareholder Status ("ESS")
rules to a number of key senior management (the "Participants")
under the new Long Term Incentive Plan (the "LTIP") on 24 August
2016. The arrangements are intended to align the Participants'
interests with shareholders and the Company's strategic plan.
The B Shares give the holders the right to share in the value of
the Group once the price of an Ordinary Share in the Company
exceeds 161 pence per Ordinary Share and certain earnings per share
criteria have been met over the next two financial years. In
addition the Participants must each remain employed until the end
of the vesting period (1 September 2019 for the award to the CFO,
signing of the audited FY18 Group accounts for other
Participants).
To the extent that the B Shares vest, Participants will have 7
years from the end of the vesting period to "put" the shares to the
Group in return for cash or, at the option of the Group, the issue
of Ordinary Shares in the Company with an equivalent value. The
Group also has the option to "call" for the B Shares at any time
the price of an Ordinary Share exceeds 220 pence per Ordinary
Share.
Under the LTIP, the maximum potential value of all awards of B
Shares (including future grants) is capped at 4 per cent of the
market capitalisation of the Group (measured at the point of
crystallisation of B Shares into cash or Ordinary Shares in the
Company). At 220 pence per Ordinary Share the potential value of
all awards of B Shares would be 2.2 percent of the market
capitalisation of the Group.
The following LTIP awards were made on 24 August 2016.
Participants were allotted these shares under the ESS rules, and so
had immediate PAYE and NIC charges on the taxable value of the B
Shares.
Name Position Number of B Shares
awarded
Donald McGarva CEO 43,224
Mark Carlisle CFO 25,934
Other Participants - 35,443
For further information please contact:
Amino Technologies PLC +44 (0)1954 234100
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Joint Broker) +44 (0)20 7220 0500
Matt Goode / Carl Holmes /Simon Hicks (Corporate Finance)
Simon Johnson (Corporate Broking)
Canaccord Genuity Limited (Joint Broker and Financial Adviser) +44 (0)20 7523 8000
Simon Bridges / James Craven / Emma Gabriel
FTI Consulting LLP (Financial PR) +44 (0)20 3727 1000
Chris Lane / Alex Le May / Darius Alexander
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 Donald McGarva
--- ------------------------------- ----------------------------------------
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 Amino Technologies PLC
--- ------------------------------- ----------------------------------------
b) LEI n/a
--- ------------------------------- ----------------------------------------
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 B shares of 0.1 pence in Amino Holdings
Financial instrument, Limited ("B Shares")
type of instrument
---
Identification code n/a
--- ------------------------------- ----------------------------------------
b) Nature of the transaction Issue of B Shares under Long Term
Incentive Plan
--- ------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
n/a 43,224
---------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated information:
* Aggregated volume Issue of 43,224 B Shares
* Price
--- ------------------------------- ----------------------------------------
e) Date of the transaction 24 August 2016
--- ------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- ---------------------------------------------------------------------------------------------------------------
a) Name Mark Carlisle
--- --------------------------------------------------------------- ----------------------------------------------
2. Reason for the Notification
--- ---------------------------------------------------------------------------------------------------------------
a) Position/status CFO
--- --------------------------------------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial notification
--- --------------------------------------------------------------- ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ---------------------------------------------------------------------------------------------------------------
a) Name Amino Technologies PLC
--- --------------------------------------------------------------- ----------------------------------------------
b) LEI n/a
--- --------------------------------------------------------------- ----------------------------------------------
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 B shares of 0.1 pence in Amino Holdings
Financial instrument, Limited ("B Shares")
type of instrument
---
Identification code n/a
--- --------------------------------------------------------------- ----------------------------------------------
b) Nature of the transaction Issue of B Shares under Long Term Incentive
Plan
--- --------------------------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
n/a 25,394
---------- ----------
--- --------------------------------------------------------------- ----------------------------------------------
d) Aggregated information:
* Aggregated volume Issue of 25,394 B Shares
* Price
--- --------------------------------------------------------------- ----------------------------------------------
e) Date of the transaction 24 August 2016
--- --------------------------------------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--- --------------------------------------------------------------- ----------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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