Arcontech Group PLC Grant of Options / Director Shareholding (0804Z)
March 09 2017 - 1:05PM
UK Regulatory
TIDMARC
RNS Number : 0804Z
Arcontech Group PLC
09 March 2017
ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Grant of Options / Director Shareholding
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, announces
that Matthew Jeffs, CEO of the Company, was granted 127,516 options
over ordinary shares in the Company ("Ordinary Shares") on 23
December 2016 at an exercise price of 12.5 pence, which, due to an
administrative oversight was not announced at the relevant
time.
The options have been granted as part of Mr. Jeffs original,
pre-agreed, remuneration package at the time of his appointment on
23 April 2013, when he was eligible to be awarded a total of
367,516 options at the prevailing market price at the time, being
12.5 pence per share. The outstanding balance of share options,
which have been awarded on the same pre- agreed terms, will vest
and may be exercised between 1 September 2017 and 31 August 2021
and were subject to certain performance criteria being met.
Following this option grant Mr. Jeffs has a total of 367,516
options over Ordinary Shares.
Enquiries:
020 7256
Arcontech Group plc 2300
Louise Barton, Chairman of the
Remuneration Committee and Non-Executive
Director
Michael Levy - Group Finance
Director and Company Secretary
020 7220
finnCap Ltd (Nomad & Broker) 0500
Carl Holmes/Simon Hicks
To access more information on the Group please visit:
www.arcontech.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) Names Matthew Jeffs
--- ------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- -------------------------------
b) Initial notification/ Initial Notification
Amendment
--- ------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name ARCONTECH GROUP 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 In each case, the grant of
the Financial Options over Ordinary Shares
instrument, type on 23 December 2016
of instrument
---
Identification GB00BDBBJZ03
code
--- ------------------------- -------------------------------
b) Nature of the Grant of Options over Ordinary
transaction Shares
--- ------------------------- -------------------------------
c) Price(s) and Vesting Price: 12.5 pence
volume(s) Volume: 127,516
--- ------------------------- -------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
--- ------------------------- -------------------------------
e) Date of the transaction 23 December 2016
--- ------------------------- -------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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