Market Tech Holdings Limited Grant of Options (5639F)

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RNS Number : 5639F

Market Tech Holdings Limited

28 July 2016

28 July 2016

Market Tech Holdings Limited

("Market Tech" or the "Company")

Grant of Options

Market Tech (LSE: MKT) which owns, manages and is developing a unique 16 acre estate of office, retail, leisure and living spaces in London, including the iconic Camden Markets, announces the grant of options to subscribe for a total of 2,298,599 new ordinary shares of 10 pence each in the Company (the "Options") to certain persons discharging managerial responsibilities ("PDMRs") and other employees under the Company's Long Term Incentive Plan.

The Options issued to the PDMRs are detailed below:

 
  Name                  Number        Total number    Percent. 
                         of shares     of shares       of current 
                         over which    over which      issued 
                         Options       options held    share capital 
                         granted       following 
                                       grant 
---------------------  ------------  --------------  --------------- 
 Charles Butler 
  (Chief Executive 
  Officer)              463,576       835,916[1]      0.18% 
---------------------  ------------  --------------  --------------- 
 David Brown 
  (Chief Financial 
  Officer)              311,258       311,258         0.07% 
---------------------  ------------  --------------  --------------- 
 Georg Bucher 
  (Head of Corporate 
  Development)          198,675       358,249         0.08% 
---------------------  ------------  --------------  --------------- 
 Total                  973,509       1,505,423       0.33% 
---------------------  ------------  --------------  --------------- 
 

Following the grant of the Options the total number of options outstanding to subscribe for new ordinary shares in the Company is 3,968,6311, representing 0.85% of the Company's current issued share capital.

The Options granted to the PDMRs and 248,344 Options granted to certain senior members of management have an exercise price of GBP1 on each occasion of exercise and vesting is subject to the achievement of certain performance conditions, details of which are set out in the Company's 2016 Annual Report. The remaining 1,077,016 Options granted to employees have an exercise price of GBP1.51 pence per share and vest on the third anniversary of the date of grant.

This announcement relates to the notification of transactions in accordance with DTR 3.1.2R and is given in fulfilment of the obligation under DTR 3.1.4R.

- Ends -

Enquiries

 
Market Tech 
 Charles Butler, Chief Executive 
 Officer 
 David Brown, Chief Financial 
 Officer                           [phone] 
 c/o FTI Consulting                 1000 
FTI Consulting                     [phone] 
 Richard Sunderland                 1000 
 Claire Turvey                      [e-mail] 
 Clare Glynn 
 

About Market Tech

Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment. The Company owns approximately 16 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (formerly known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road, Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk Farm Road.

The Company owns three e-commerce businesses, referred to as Market Tech Digital. These are Stucco Media, an e-commerce marketing platform, Glispa, a Berlin-based mobile marketing business and Fiver, a B2C online fashion retailer.

www.market-tech.com

[1] Excludes options granted to Charles Butler in December 2014 with a value of GBP1 million.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 28, 2016 10:09 ET (14:09 GMT)