Sopheon PLC Grant of Options / PDMR dealing (0147X)

TIDMSPE

RNS Number : 0147X

Sopheon PLC

16 February 2017

SOPHEON PLC

("Sopheon" or "the Company")

Grant of Options / PDMR dealing

Sopheon announces that the Company has granted 36,650 options over ordinary shares of 20 pence each in the share capital of the Company ("Options") to certain directors. These grants are part of a wider option grant of 163,900 Options, to certain key executives and departmental managers of the Company. Of the directors, Andrew Michuda has been granted 25,000 Options, and Arif Karimjee has been granted 11,650 Options.

The Options granted will vest over 3 years, and are exercisable up to 10 years from the date of grant. The exercise price of the Options is 467.5 pence per share, being the mid-market closing price on AIM on 15 February 2017.

Following this grant, Andrew Michuda has 240,000 Options in total, and Arif Karimjee has 75,000 Options. In addition, Andrew Michuda and Arif Karimjee respectively own 30,000 and 50,000 ordinary shares of the Company, and they (or persons connected with them) are respectively invested in GBP45,000 and GBP27,000 of the Company's convertible loan stock.

For further information contact:

 
                                              + 44 (0) 
 Barry Mence, Chairman                         1276 919 
  Arif Karimjee, CFO           Sopheon plc     560 
 Carl Holmes / Giles 
  Rolls (corporate finance) 
  Mia Gardener (corporate                     + 44 (0) 
  broking)                     finnCap Ltd     20 7220 0500 
 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability. Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning. Sopheon's solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange. For more information, please visit www.sopheon.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)   Name                             Arif Karimjee 
---  -------------------------------  -------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  -------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  -------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------- 
 a)   Name                             Sopheon 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                     Options over ordinary 
       the Financial                       shares of 20p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00BSZM1369 
       code 
---  -------------------------------  -------------------------------- 
 b)   Nature of the                      Grant of Options 
       transaction 
---  -------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)          Volume(s) 
       volume(s)                        ----------------  ---------- 
                                         Exercise price 
                                          467.5 pence 
                                          per share        11,650 
                                        ----------------  ---------- 
---  -------------------------------  -------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Grant of 11,650 options over 
                                         ordinary shares of 20p pence 
                                         at an exercise price of 467.5 
        *    Price                       pence 
---  -------------------------------  -------------------------------- 
 e)   Date of the transaction          16 February 2017 
---  -------------------------------  -------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  -------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 5.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------- 
 a)   Name                             Andrew Michuda 
---  -------------------------------  -------------------------------- 
 6.   Reason for the Notification 
---  ----------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  -------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  -------------------------------- 
 7.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------- 
 a)   Name                             Sopheon plc 
---  -------------------------------  -------------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  -------------------------------- 
 8.   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                     Options over ordinary 
       the Financial                       shares of 20p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00BSZM1369 
       code 
---  -------------------------------  -------------------------------- 
 b)   Nature of the                      Grant of Options 
       transaction 
---  -------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)          Volume(s) 
       volume(s)                        ----------------  ---------- 
                                         Exercise Price 
                                          467.5 pence 
                                          per share        25,000 
                                        ----------------  ---------- 
---  -------------------------------  -------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Grant of 25,000 options over 
                                         ordinary shares of 20p pence 
                                         at an exercise price of 467.5 
        *    Price                       pence 
---  -------------------------------  -------------------------------- 
 e)   Date of the transaction          16 February 2017 
---  -------------------------------  -------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  -------------------------------- 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 16, 2017 02:00 ET (07:00 GMT)