SysGroup PLC Exec LTIP Awards (5020W)

TIDMSYS

RNS Number : 5020W

SysGroup PLC

18 April 2023

18 April 2023

SysGroup plc

("SysGroup" or the "Group")

Exec LTIP Awards

SysGroup plc (AIM:SYS), the multi award-winning technology solutions provider announces that the Remuneration Committee has granted nil cost options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Adam Binks, Chief Executive Officer and Martin Audcent, Chief Financial Officer under the rules of the 2020 SysGroup Long Term Incentive Plan.

The options granted under the plan relate to the FY23 performance of the Company, and vest 2 years from the date of the grant.

The options that have been awarded to each director are set out below:

 
 Name of Director    Number of options   Total number       Percentage of 
                      granted over        of options over    issued share 
                      Ordinary Shares     Ordinary Shares    capital under 
                                                             option 
 
 Adam Binks          362,709             2,082,394          4.21% 
 Martin Audcent      204,024             1,232,235          2.49% 
 
 
For further information please contact: 
 
 SysGroup plc                               Tel: [phone] 
 Adam Binks, Chief Executive Officer 
 Martin Audcent, Chief Financial Officer 
 
  Liberum (Nomad and Broker)                Tel: [phone] 
  Edward Mansfield 
  Kate Bannatyne 
  Antonia Brown 
 
 Alma PR (Financial PR)                     Tel: [phone] 
 Josh Royston 
 Matthew Young 
 

About SysGroup

SysGroup is a multi-award-winning technology solutions provider that creates value through technology transformation. Our mission is to supercharge the UK mid-market and we have built our business around our customers' challenges, enabling them to drive productivity, increase their resilience, mitigate risk and become more sustainable. Our bespoke solutions are at the forefront of technology innovation, combining world-class, green technology infrastructure with cutting-edge expertise and best-in-breed partners.

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester and Newport.

For more information, visit http://www.sysgroup.com

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of transactions by persons discharging managerial responsibilities

 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                        Mr Adam Binks 
     --------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  --------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                        SysGroup plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800D18GPZZJR9SH55 
     --------------------------  --------------------------------------- 
 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 the          Ordinary shares of 1p each in SysGroup 
       financial instrument,       plc 
       type of instrument 
       Identification code         GB00BYT18182 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   G rant of LTIP performance shares 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         362,709 
                                                ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          As above 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     18 April 2023 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------- 
 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                        Mr Martin Audcent 
     --------------------------  --------------------------------------- 
 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                        SysGroup plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800D18GPZZJR9SH55 
     --------------------------  --------------------------------------- 
 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 the          Ordinary shares of 1p each in SysGroup 
       financial instrument,       plc 
       type of instrument 
       Identification code         GB00BYT18182 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   G rant of LTIP performance shares 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         204,024 
                                                ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          As above 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     18 April 2023 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHGPUQPCUPWGRM

(END) Dow Jones Newswires

April 18, 2023 02:00 ET (06:00 GMT)