adept4 plc Grant of Options (2408L)
September 29 2016 - 10:11AM
UK Regulatory
TIDMAD4
RNS Number : 2408L
adept4 plc
29 September 2016
adept4 plc ("adept4" or the "Company")
Grant of Options
adept4 plc (AIM: AD4), the AIM listed provider of IT as a
Service, announces that it has granted Ian Winn, Finance Director
and COO, options over 1,620,833 ordinary shares of 1p each in the
capital of the Company ("Ordinary Shares") under the provisions of
the Company's approved EMI share option scheme (the "Options"). The
Options have an exercise price of 9.0 pence per Ordinary Share
(being the closing mid-market price on 28 September 2016). All of
the Options shall vest and may be exercised at any time on or after
28 September 2019, being the third anniversary of the date of the
grant. The Options will lapse on or after the tenth anniversary of
the date of grant.
Following the grant of the Options Ian Winn holds options over
2,810,833 Ordinary Shares (exercisable at 4.2 pence and 9.0 pence)
representing 1.2% of the Company's current issued share capital. In
addition, Ian beneficially holds 1,428,571 Ordinary Shares,
representing 0.6% of the Company's current issued share
capital.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For further information please contact:
adept4 plc
Gavin Lyons, Executive Chairman 01925 204
Ian Winn, Finance Director and Chief Operating Officer 844
N+1 Singer (Nominated Adviser and Broker)
Shaun Dobson 020 7496
Jen Boorer 3000
MXC Capital Markets LLP
Marc Young 020 7965
Charlotte Stranner 8149
About adept4
adept4 delivers IT as a service to small and medium sized
businesses across the UK. IT as a Service (ITaaS) provides you with
exactly the amount of technology and support you need in accordance
with business requirements, billed on a monthly basis, based on
what is consumed.
Critically we underpin this delivery method with a 24 x 7 UK
response team, strategic consulting, professional services and
software development to provide exactly what organisations need
from IT at any given time. Whether an infrastructure is based on
legacy or emerging technologies we will ensure organisations have
the flexibility, agility and cost efficiencies required to run
their business effectively, all through a single trusted
provider.
adept4 is a public company quoted on the AIM market of the
London Stock Exchange. The Company is headquartered in Warrington,
with offices in Leeds, Aberdeen, and Brighton.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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