OMG PLC Grant of LTIP awards to directors (2045R)
December 07 2016 - 6:18AM
UK Regulatory
TIDMOMG
RNS Number : 2045R
OMG PLC
07 December 2016
7(th) December 2016
OMG plc
("Oxford Metrics" or the "Group")
Grant of LTIP Awards to Directors
OMG plc (LSE: OMG), the technology group providing Computer
Vision products and services for the entertainment, life science,
engineering industries and consumer electronics markets, announces
that it has granted share options ("Options") to certain of its
executive directors to acquire a total of 1,800,000 ordinary shares
of 0.25p each in the capital of the Company under the OMG plc Long
Term Incentive Plan and the OMG plc 2016 EMI Plan:
Director Total number Total Number Total Number
of shares of shares of shares
over which under options under options
Options granted held following held as %
this grant of issued
share capital
Nick Bolton,
Chief Executive
Officer 1,200,000 2,408,500 1.98%
David Deacon,
Chief Financial
Officer 600,000 1,204,250 1%
All Options have been granted as nil cost options with half
vesting after a period of three years from grant, a quarter vesting
after a period of four years and the final quarter vesting after a
period of five years. All Options are subject to achievement of
certain performance conditions on the basis of 25% vesting for 7.5%
per annum total shareholder return growth ("TSR"), 75% vesting for
15% per annum TSR and 100% vesting for 20% per annum TSR (and on a
straight-line basis between these points) tested between 1 January
2016 and 31 December 2018. The Options are exercisable over the
period of 10 years from the date of grant.
Following these grants the Company has a total of 5,660,395
share options outstanding representing 4.7% of the existing issued
share capital of the Company.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Nick Bolton
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name OMG 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 financial instrument, type of Share Options over Ordinary Shares of 0.25p each
instrument
Identification code ISIN for OMG plc Ordinary Shares GB0030312788
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of share options under (a) the OMG plc Long Term
Incentive Plan and (b) the OMG plc
2016 EMI Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 694,952
Nil 505,048
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 1,200,000 ordinary shares of 0.25p each
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 7(th) December 2016
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name David Deacon
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name OMG 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 financial instrument, type of Share Options over Ordinary Shares of 0.25p each
instrument
Identification code ISIN for OMG plc Ordinary Shares GB0030312788
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of share options under (a) the OMG plc Long Term
Incentive Plan and (b) the OMG plc
2016 EMI Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 94,952
Nil 505,048
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 600,000 ordinary shares of 0.25p each
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 7(th) December 2016
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
For further information please contact:
+44 (0) 1865
OMG plc 261800
Nick Bolton, CEO
David Deacon, CFO
+44 (0) 20 3727
FTI Consulting 1000
Matt Dixon / Charles Palmer / Emma
Appleton / Harry Staight
+44 (0) 20 7496
N+1 Singer (NOMAD to OMG) 3000
Shaun Dobson / Jen Boorer
About Oxford Metrics
Oxford Metrics develops and markets analytics software for
motion measurement and infrastructure asset management to clients
in over 70 countries worldwide. Our list of clients across the
globe is as diverse as the markets we operate in; we help highways
authorities manage and maintain their road networks, hospitals and
clinicians decide therapeutic strategies and Hollywood studios
create stunning visual effects. And the diversity of applications
is growing all the time.
The group trades through two subsidiaries: Vicon and Yotta.
Vicon is the world's leader in high precision motion measurement
analysis to thousands of customers worldwide, including Guy's
Hospital, EA Sports, MIT and NASA and our software is used in an
ever expanding range of applications. Yotta provides cloud-based
infrastructure asset management software to central and local
government agencies and other infrastructure owners. Yotta has a
large number of high profile clients including Highways England and
Amey in the UK and VicRoads in Australia amongst others.
Founded in 1984 our group is headquartered in Oxford with
offices in Leamington Spa, Gloucester, California, Colorado and
Singapore. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted
company listed on AIM, a market operated by the London Stock
Exchange.
For more information about Oxford Metrics, visit
www.oxfordmetrics.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHTRBBTMBBMBAF
(END) Dow Jones Newswires
December 07, 2016 06:18 ET (11:18 GMT)
Oxford Metrics (LSE:OMG)
Historical Stock Chart
From Apr 2024 to May 2024
Oxford Metrics (LSE:OMG)
Historical Stock Chart
From May 2023 to May 2024