SCISYS PLC Grant of Share Options to Directors (7432D)

TIDMSSY

RNS Number : 7432D

SCISYS PLC

28 April 2017

SCISYS PLC ("SCISYS" or the "Company")

(AIM: SSY)

Grant of Share Options to Directors

SCISYS PLC announces that on 27 April 2017, upon the recommendation of the Company's Remuneration Committee, the following Directors were granted share options ("Options") over the Company's ordinary shares of 25 pence each ("Ordinary Shares") under the Company's HMRC approved company share option plan ("CSOP") and the SCISYS Unapproved scheme. The Company granted the Options with an exercise price of 101.50 pence per Ordinary Share, being the closing middle market price on 26 April 2017, being the day preceding the deemed date of award.

The Options enable the Directors to benefit from the future growth in the value of the Ordinary Shares above 101.50 pence. The Directors may not normally realise any such benefit for three years and the exercising of the Options will be subject to meeting certain performance criteria linked to the earnings growth of the Company. Subject to the performance criteria being met, the Options would be capable of being exercised no earlier than on the announcement of the preliminary results of the Company for year ending 31 December 2019 (likely to be March 2020). The Options expire ten years after being granted.

 
 Director                 Number of Options 
                           granted at 101.50 
                           pence per Ordinary 
                           Share 
-----------------------  -------------------- 
  Christopher Cheetham          20,000 
 ----------------------  -------------------- 
  Stephen Brignall              20,000 
 ----------------------  -------------------- 
  Klaus Heidrich                30,000 
 ----------------------  -------------------- 
 
 

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)   Name                      Christopher Cheetham 
---  ------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status           FD/PDMR 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      SCISYS PLC 
---  ------------------------  -------------------------------- 
 b)   LEI                       213800F3DS1G1VBBCW63 
---  ------------------------  -------------------------------- 
 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            Share options 
       the financial 
       instrument, type 
       of instrument             GB0001520757 
 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Grant of options to acquire 
       transaction               shares 
---  ------------------------  -------------------------------- 
 c)   Price(s) and 
       volume(s)                  20,000 options to acquire 
                                  Ordinary Shares all at 101.50 
                                  pence per share 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   27 April 2017 
---  ------------------------  -------------------------------- 
 f)   Place of the              Registered Office 
       transaction 
---  ------------------------  -------------------------------- 
 

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)   Name                      Stephen Brignall 
---  ------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status           Director/PDMR 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      SCISYS PLC 
---  ------------------------  -------------------------------- 
 b)   LEI                       213800F3DS1G1VBBCW63 
---  ------------------------  -------------------------------- 
 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            Share options 
       the financial 
       instrument, type 
       of instrument             GB0001520757 
 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Grant of options to acquire 
       transaction               shares 
---  ------------------------  -------------------------------- 
 c)   Price(s) and 
       volume(s)                  20,000 options to acquire 
                                  Ordinary Shares all at 101.50 
                                  pence per share 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   27 April 2017 
---  ------------------------  -------------------------------- 
 f)   Place of the              Registered Office 
       transaction 
---  ------------------------  -------------------------------- 
 

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)   Name                      Klaus Heidrich 
---  ------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status           CEO/PDMR 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      SCISYS PLC 
---  ------------------------  -------------------------------- 
 b)   LEI                       213800F3DS1G1VBBCW63 
---  ------------------------  -------------------------------- 
 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            Share options 
       the financial 
       instrument, type 
       of instrument             GB0001520757 
 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Grant of options to acquire 
       transaction               shares 
---  ------------------------  -------------------------------- 
 c)   Price(s) and 
       volume(s)                  30,000 options to acquire 
                                  Ordinary Shares all at 101.50 
                                  pence per share 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   27 April 2017 
---  ------------------------  -------------------------------- 
 f)   Place of the              Registered Office 
       transaction 
---  ------------------------  -------------------------------- 
 

Following these awards the Directors total interests are as follows:

 
 
 
              Interest       Total holding   Total interest 
               in ordinary    as a % of       in Options 
               shares         total voting 
                              rights 
             -------------  --------------  --------------- 
 
 Mike Love       4,308,523           14.82          102,300 
-----------  -------------  --------------  --------------- 
 Steve 
  Brignall         127,520            0.44          195,258 
-----------  -------------  --------------  --------------- 
 Chris 
  Cheetham          74,720            0.26          195,258 
-----------  -------------  --------------  --------------- 
 David 
  Jones            160,368            0.55          152,300 
-----------  -------------  --------------  --------------- 
 Klaus 
  Heidrich          60,460            0.21          168,300 
-----------  -------------  --------------  --------------- 
 Klaus 
  Meng           2,832,826            9.75                - 
-----------  -------------  --------------  --------------- 
 David 
  Coghlan            6,276            0.02                - 
-----------  -------------  --------------  --------------- 
 
     Totals      7,570,693           26.05          813,416 
             =============  ==============  =============== 
 
 

About SCISYS:

Employing around 500 staff, SCISYS group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, EUMETSAT, the BBC, RNLI, AON, Interflora and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Darmstadt and Munich. More information is available at www.scisys.co.uk.

This announcement has been released by Natasha Laird, Company Secretary, on behalf of the Company.

Enquiries: Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHZVLFLDZFBBBK

(END) Dow Jones Newswires

April 28, 2017 10:14 ET (14:14 GMT)