SpaceandPeople PLC SAYE Share Option Scheme (5888F)

TIDMSAL

RNS Number : 5888F

SpaceandPeople PLC

19 May 2017

19 May 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

SpaceandPeople PLC (the "Company")

SAYE Share Option Scheme

As announced on 24 March 2017, the Company established a Group Save As You Earn (SAYE) share option scheme to offer the employees at SpaceandPeople plc the opportunity to participate in the future growth of the Company.

Eligible employees were invited to subscribe for share options at 19.5 pence per share, being a 20% discount on the closing mid-market price of the Company's shares on the three working days before the invitation to participate was made (Thursday 20 April to Monday 24 April 2017). The scheme rules follow HMRC guidance and limit each employee to a maximum saving of GBP500 per month over the three year period of the scheme.

A total of 30 employees (49% of those eligible) elected to participate giving rise to the grant on 18 May 2017 of a total of 688,783 share options. This equates to 3.53% of the current issued share capital.

The following Executive Directors elected to participate in the scheme and are included in the total figures above as follows:

Nancy Cullen (COO) has been granted 92,307 share options and Gregor Dunlay (CFO) has been granted 92,307 share options. Non-Executive Directors were not eligible to participate.

Following the grant of the SAYE share options the participating Executive Directors shareholdings in the Company are as follows:

 
     Name    Ordinary       Share       Share      Share        SAYE       Total       % Of 
               Shares     Options     Options    Options       Share       Share     Issued 
                         at 61.0p    at 47.4p     at 22p     Options     Options      Share 
                                                            at 19.5p                Capital 
---------  ----------  ----------  ----------  ---------  ----------  ----------  --------- 
 Nancy 
  Cullen    1,333,000     120,000     200,000     75,000      92,307   1,820,307       9.32 
---------  ----------  ----------  ----------  ---------  ----------  ----------  --------- 
 Gregor 
  Dunlay       10,000     120,000     200,000     75,000      92,307     497,307       2.55 
---------  ----------  ----------  ----------  ---------  ----------  ----------  --------- 
 
 
 SpaceandPeople Plc           0845 241 8215 
 Matthew Bending, Gregor 
  Dunlay 
 
 Cantor Fitzgerald Europe     020 7894 7000 
 David Foreman, Will Goode 
  (Corporate Finance) 
  Alex Pollen / David 
  Banks (Sales) 
 

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres, railway stations, retail parks, airports and other high footfall locations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company operates in the UK and Germany and also in India.

www.spaceandpeople.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                        Nancy Cullen 
---  ---------------------  -------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status             Chief Operating Officer 
---  ---------------------  -------------------------------- 
 b)   Initial notification        Initial Notification 
       / Amendment 
---  ---------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                          SpaceandPeople 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             Options over Ordinary shares 
       of the financial        of 1 pence each 
       instrument, 
       type of instrument      ISIN: GB00B058DS79 
 
       Identification 
       code: 
---  ---------------------  -------------------------------- 
 b)   Nature of the          Grant of Options 
       transaction 
---  ---------------------  -------------------------------- 
 c)   Price(s) and             Price(s)           Volume(s) 
       volume(s)               -----------------  ---------- 
                                           19.5p   92,307 
                               -----------------  ---------- 
---  ---------------------  -------------------------------- 
 d)   Aggregated              N/A 
       information 
---  ---------------------  -------------------------------- 
 e)   Date of the            18 May 2017 
       transaction 
---  ---------------------  -------------------------------- 
 f)   Place of the           Off market 
       transaction 
---  ---------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                        Gregor Dunlay 
---  ---------------------  -------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
---  ---------------------  -------------------------------- 
 b)   Initial notification        Initial Notification 
       / Amendment 
---  ---------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                          SpaceandPeople 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             Options over Ordinary shares 
       of the financial        of 1 pence each 
       instrument, 
       type of instrument      ISIN: GB00B058DS79 
 
       Identification 
       code: 
---  ---------------------  -------------------------------- 
 b)   Nature of the          Grant of Options 
       transaction 
---  ---------------------  -------------------------------- 
 c)   Price(s) and             Price(s)           Volume(s) 
       volume(s)               -----------------  ---------- 
                                           19.5p   92,307 
                               -----------------  ---------- 
---  ---------------------  -------------------------------- 
 d)   Aggregated              N/A 
       information 
---  ---------------------  -------------------------------- 
 e)   Date of the            18 May 2017 
       transaction 
---  ---------------------  -------------------------------- 
 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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May 19, 2017 02:00 ET (06:00 GMT)