|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Adept4||LSE:AD4||London||Ordinary Share||GB00B8GRBX01||ORD 1P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Software & Computer Services||4.9||-1.4||-0.4||-||12.49|
adept4 plc Grant of Options
UK Regulatory (RNS & others)
RNS Number : 2408L
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
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) Dow Jones Newswires
September 29, 2016 10:11 ET (14:11 GMT)
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