Arcontech Group PLC Grant of Options / Director Shareholding (0804Z)

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

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March 09, 2017 13:05 ET (18:05 GMT)