Octagonal PLC Grant of Director Options, PDMR Dealings (1161S)

TIDMOCT

RNS Number : 1161S

Octagonal PLC

28 September 2017

For immediate release

28 September 2017

Octagonal plc

("Octagonal" or the "Company")

Grant of Director Options

PDMR Dealings

Octagonal Plc (LSE: OCT), the AIM traded financial services group, is pleased to announce that 1,750,000 Share Options (the "Options") have been awarded to Martin Davison, Non-Executive Director, in respect of the Group's performance in the year ended 31 March 2017 and on the same terms as the Share Options awarded to the Executive

Directors and announced on 6 September 2017.     Mr Davison holds no other Share Options. 

The Options have a 3 year term and an exercise price of 3p per Ordinary Share, representing a premium of 11.11% to the closing mid-market price on 27 September 2017. Half of the Options vest immediately whilst the other 50% vest in 12 months with the 3 year term commencing then, assuming the Option holder is still employed by the Company at that time.

The Options represent 0.31% of the Enlarged Issued Share Capital.

For further information please visit www.octagonalplc.com or contact:

 
                                        +44 (0) 20 
 Octagonal Plc                           7048 9400 
 John Gunn, CEO 
 
 Beaumont Cornish Limited (Nominated 
  Adviser and Broker)                   +44 (0) 20 
  James Biddle / Roland Cornish          7628 3396 
 www.beaumontcornish.com 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name                      Martin Davison 
---  ------------------------  ---------------------------------------- 
 2    Reason for notification 
---  ------------------------------------------------------------------ 
 a)   Position / status         Non-Executive Director 
---  ------------------------  ---------------------------------------- 
 b)   Initial notification      Initial 
       /Amendment 
---  ------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                      Octagonal plc 
---  ------------------------  ---------------------------------------- 
 b)   LEI                       213800ATS5XS3UN4TF15 
---  ------------------------  ---------------------------------------- 
 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            Ordinary shares of 0.05 pence 
       the financial             each in Octagonal plc 
       instrument, type          ISIN GB00BWWCHQ23 
       of instrument 
       Identification 
       code 
---  ------------------------  ---------------------------------------- 
      Nature of the                  (i) Grant of options over 
       transaction                    1,750,000 ordinary shares 
                                      for a 3 year term and exercisable 
                                      at 3p per ordinary share 
---  ------------------------  ---------------------------------------- 
      Price(s) and                Price(s)        Volumes(s) 
       volumes(s)                 --------------  ----------- 
                                        (i) n/a    1,750,000 
                                  --------------  ----------- 
---  ------------------------  ---------------------------------------- 
 d)   Aggregated information    n/a 
---  ------------------------  ---------------------------------------- 
 e)   Date of the transaction   27 September 2017 
---  ------------------------  ---------------------------------------- 
 f)   Place of the              Off market 
       transaction 
---  ------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 28, 2017 06:59 ET (10:59 GMT)