Cirata PLC Grant of Share Options to PDMRs (5483W)
December 12 2023 - 12:32PM
UK Regulatory
TIDMCRTA
RNS Number : 5483W
Cirata PLC
12 December 2023
12 December 2023
Cirata plc
("Cirata" or the "Company")
Grant of Share Options to PDMRs
Cirata plc (LSE: CRTA), announces that on 8 December 2023 it
awarded a total of 600,000 options to acquire ordinary shares of 10
pence per share ("Options") to the following persons discharging
managerial responsibilities ("PDMR") under the 2023 Cirata plc
Amended and Restated Share Option Plan, as follows:
PDMR Number of Exercise Vesting
new Options price (p)
vesting over
3 years
Yeturu Aahlad, 3 year vesting schedule;
Chief Scientist quarterly vesting following
and Co-Founder 150,000 57.00 the first anniversary
-------------- ----------- -----------------------------
3 year vesting schedule;
Paul Scott-Murphy, quarterly vesting following
CTO 150,000 57.00 the first anniversary
-------------- ----------- -----------------------------
Justin Holtzinger,
SVP Customer 3 year vesting schedule;
Success and quarterly vesting following
Engineering 150,000 57.00 the first anniversary
-------------- ----------- -----------------------------
Larry Webster, 3 year vesting schedule;
General Counsel, quarterly vesting following
Company Secretary 150,000 57.00 the first anniversary
-------------- ----------- -----------------------------
The award of the Options brings the total options held by Yeturu
Aahlad to 350,000, being 0.3% of issued share capital, 380,000
options held by Paul Scott-Murphy, being 0.3% of the issued share
capital, 323,334 options held by Justin Holtzinger, being 0.3% of
the issued share capital, and 277,500 options held by Larry
Webster, being 0.2% of the issued share capital. The Company's
Remuneration Committee has approved the awards and regards long
term incentives as an important part of the remuneration of members
of the leadership team to align them with shareholder
interests.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
This announcement contains information that qualifies or may
qualify as inside information. The person responsible for arranging
the release of this announcement on behalf of Cirata plc is Larry
Webster, Company Secretary.
Cirata plc Via FTI Consulting
Stephen Kelly, Chief Executive Officer
Ijoma Maluza, Chief Financial Officer
Daniel Hayes, Investor Relations
FTI Consulting +44 (0)20 3727 1137
Matt Dixon / Kwaku Aning / Usama Ali
Stifel (Nomad and Joint Broker) +44 (0)20 7710 7600
Fred Walsh / Richard Short / Tom Marsh
Liberum (Joint Broker) +44 (0)20 3100 2000
Max Jones / Ben Cryer / Miquela Bezuidenhoudt
About Cirata
Cirata accelerates data-driven revenue growth by automating data
transfer and integration to modern cloud analytics and AI platforms
without downtime or disruption. With Cirata, data leaders can
leverage the power of AI and analytics across their entire
enterprise data estate to freely choose analytics technologies,
avoid vendor, platform, or cloud lock-in while making AI and
analytics faster, cheaper, and more flexible. Cirata's portfolio of
products and technology solutions make strategic adoption of modern
data analytics efficient and automated. For more information about
Cirata, visit www.cirata.com
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of MAR.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Yeturu Aahlad
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Scientist and Co-Founder (PDMR for notification)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Cirata plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800Y1A75RSC698O04
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary Shares 10p each
instrument
Identification code ISIN: JE00B6Y3DV84
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Share options - vesting over 3 years
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
57 pence 150,000
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information n/a
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 8 December 2023
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Scott-Murphy
------------------------------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------
a) Position/status CTO (PDMR for notification)
------------------------------------------------------------ ----------------------------------------------
b) Initial notification /Amendment Initial notification
------------------------------------------------------------ ----------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------
a) Name Cirata plc
------------------------------------------------------------ ----------------------------------------------
b) LEI 213800Y1A75RSC698O04
------------------------------------------------------------ ----------------------------------------------
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 Ordinary Shares 10p each
Identification code
ISIN: JE00B6Y3DV84
------------------------------------------------------------ ----------------------------------------------
b) Nature of the transaction Grant of Share options - vesting over 3 years
------------------------------------------------------------ ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
57 pence 150,000
----------
------------------------------------------------------------ ----------------------------------------------
d) Aggregated information n/a
------------------------------------------------------------ ----------------------------------------------
e) Date of the transaction 8 December 2023
------------------------------------------------------------ ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------ ----------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Justin Holtzinger
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status SVP Customer Success and Engineering (PDMR for
notification)
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Cirata plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800Y1A75RSC698O04
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary Shares 10p each
instrument
Identification code ISIN: JE00B6Y3DV84
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Share options - vesting over 3 years
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
57 pence 150,000
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information n/a
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 8 December 2023
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Larry Webster
------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status General Counsel, Company Secretary (PDMR for
notification)
------------------------------------------------------- --------------------------------------------------------
b) Initial notification /Amendment Initial notification
------------------------------------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Cirata plc
------------------------------------------------------- --------------------------------------------------------
b) LEI 213800Y1A75RSC698O04
------------------------------------------------------- --------------------------------------------------------
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 Ordinary Shares 10p each
instrument
Identification code ISIN: JE00B6Y3DV84
------------------------------------------------------- --------------------------------------------------------
b) Nature of the transaction Grant of Share options - vesting over 3 years
------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
57 pence 150,000
----------
------------------------------------------------------- --------------------------------------------------------
d) Aggregated information n/a
------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 8 December 2023
------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------- --------------------------------------------------------
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END
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