Castleton Technology PLC Grant of Options (5985L)

TIDMCTP

RNS Number : 5985L

Castleton Technology PLC

20 July 2017

Castleton Technology plc

("Castleton", the "Group" or the "Company")

Grant of Options

Castleton (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, announces that on 19 July 2017 it resolved to award the following options over new ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") to Dean Dickinson, Chief Executive Officer.

-- Growth shares which entitle Dean to a payment in cash or new Ordinary Shares (at the Company's discretion) with a value equal to 787,148 multiplied by the growth in Castleton's share price above 69 pence, being the mid closing price on 19 July 2017. The growth shares are subject to performance criteria related to share price growth; and

   --     Nil cost options over 787,148 Ordinary Shares subject to certain vesting criteria. 

Dean also holds options over 1.4% of the fully diluted share capital of the Company which are a combination of EMI Share Options and Employee Share Scheme Options ("Existing Options"). The Existing Options are evergreen, meaning that the percentage of the fully diluted issued share capital held under option will remain constant, notwithstanding any further issues of ordinary shares of 2 pence in the capital of the Company. The Existing Options are subject to performance criteria related to share price growth.

 
 Enquiries: 
    Castleton Technology      Tel. [phone] 
    plc                       0220 
    Dean Dickinson, Chief 
    Executive Officer 
    Haywood Chapman, Chief 
    Financial Officer 
 
    finnCap                   Tel. [phone] 
    Jonny Franklin-Adams      0500 
    / Simon Hicks 
 
    MXC Capital Markets       Tel. [phone] 
    LLP 
    Marc Young / Charlotte 
    Stranner 
                             Tel. [phone] 
    Alma PR 
    Josh Royston 
 
   About Castleton Technology plc 
 
   Castleton Technology plc is a leading supplier of complementary software and managed services 
   to the public and not-for-profit sectors. The acquisitions of Montal, Documotive, Opus, Keylogic, 
   Brixx, Impact Applications and Kypera bring together an exceptional suite of solutions, providing 
   the foundation for this platform. Castleton works in partnership with its customers and resellers 
   to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com 
 
   The information communicated in this announcement contains inside information for the purposes 
   of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. 
 
 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ----------------------------------------------------------------------- 
 a)    Name                             Dean Dickinson 
----  -------------------------------  -------------------------------------- 
 2.    Reason for the Notification 
----  ----------------------------------------------------------------------- 
 a)    Position/status                  CEO 
----  -------------------------------  -------------------------------------- 
 b)    Initial notification/Amendment   Initial notification 
----  -------------------------------  -------------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ----------------------------------------------------------------------- 
 a)    Name                             Castleton Technology plc 
----  -------------------------------  -------------------------------------- 
 b)    LEI                              2138007AHX5UT6CO5L76 
----  -------------------------------  -------------------------------------- 
 4.1   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                      D ordinary shares of 0.001 
        of the Financial                 pence each in the capital 
        instrument,                      of Castleton Technology Intermediate 
        type of instrument               Holding Company Limited ("D 
                                         Shares") 
---- 
       Identification                   n/a 
        code 
----  -------------------------------  -------------------------------------- 
 b)    Nature of the                    Issue of D Shares under Long 
        transaction                      Term Incentive Scheme 
----  -------------------------------  -------------------------------------- 
 c)    Price(s) and                      Price(s)    Volume(s) 
        volume(s)                        ----------  ---------- 
                                          n/a         100 
                                         ----------  ---------- 
----  -------------------------------  -------------------------------------- 
 d)    Aggregated information:          n/a 
         *    Aggregated volume 
 
 
         *    Price 
----  -------------------------------  -------------------------------------- 
 e)    Date of the                      19 July 2017 
        transaction 
----  -------------------------------  -------------------------------------- 
 f)    Place of the                     Outside a trading venue 
        transaction 
----  -------------------------------  -------------------------------------- 
 4.2   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                      Options over ordinary shares 
        of the Financial                 of 2 pence each ("Options") 
        instrument, 
        type of instrument 
---- 
       Identification                   GB00BYV2WV72 
        code 
----  -------------------------------  -------------------------------------- 
 b)    Nature of the                    Issue of Options under Long 
        transaction                      Term Incentive Scheme 
----  -------------------------------  -------------------------------------- 
 c)    Price(s) and                      Price(s)    Volume(s) 
        volume(s)                        ----------  ---------- 
                                          Nil cost    787,148 
                                         ----------  ---------- 
----  -------------------------------  -------------------------------------- 
 d)    Aggregated information:          n/a 
         *    Aggregated volume 
 
 
         *    Price 
----  -------------------------------  -------------------------------------- 
 e)    Date of the                      19 July 2017 
        transaction 
----  -------------------------------  -------------------------------------- 
 f)    Place of the                     Outside a trading venue 
        transaction 
----  -------------------------------  -------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 20, 2017 02:00 ET (06:00 GMT)