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SAL.GB Spaceandpeople

85.00
0.00 (0.00%)
17 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Spaceandpeople AQSE:SAL.GB Aquis Stock Exchange Ordinary Share GB00BPQDJM21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 85.00 80.00 90.00 85.00 83.07 85.00 3,990 15:29:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

SpaceandPeople PLC Grant of Options and Surrender of Existing Options (6797X)

22/12/2023 7:00am

UK Regulatory


Spaceandpeople (AQSE:SAL.GB)
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TIDMSAL

RNS Number : 6797X

SpaceandPeople PLC

22 December 2023

SpaceandPeople PLC

("SpaceandPeople" or the "Company")

Grant of Options and Surrender of Existing Options

Grant of New Options

SpaceandPeople (AIM: SAL) the retail, promotional and brand experience specialist, announces that it has today granted options (the "New Options") over a total of 37,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") under its existing EMI share option scheme (the "Scheme").

The New Options are exercisable at a price of 60 pence per share, being the closing share price on the day immediately preceding the date of grant of the New Options and will vest no earlier than 21 December 2026. The New Options expire on the tenth anniversary of the date of grant.

The New Options become exercisable on the third anniversary of grant, subject to continued employment and the satisfaction of certain performance conditions. These performance conditions (which have been set by the Remuneration Committee of the Company) relate to the achievement of specified financial targets that will be assessed over the three years to 31 December 2026.

Details of the above grants, including confirmation of the New Options granted to the Company's executive directors, (together, the "Directors"), are as follows:

 
  Name             Role                                  No. of Ordinary Shares 
                                                 over which New Options granted 
 Nancy Cullen      Chief Executive Officer                                9,000 
 Gregor Dunlay     Chief Financial Officer                                9,000 
 Andrew Keiller    Chief Operating Officer                                9,000 
 Various other employees                                                 10,000 
-------------------------------------------    -------------------------------- 
 Total                                                                   37,000 
 

Surrender of Existing Options

In 2015, the Company granted options to acquire shares in the capital of the Company to certain employees and directors of the Company pursuant to the Scheme. On 21 December 2023 the remaining rights to the 2015 Options were surrendered for no consideration.

Details of the above surrender are as follows:

 
  Name             Role                         No. of 2015 Options 
                                                        surrendered 
 Nancy Cullen      Chief Executive Officer                   10,000 
 Gregor Dunlay     Chief Financial Officer                   10,000 
 Andrew Keiller    Chief Operating Officer                    2,500 
 Various other employees                                      1,750 
-------------------------------------------    -------------------- 
 Total                                                       24,250 
 

Details of resultant holdings

Details of the Directors' resultant holdings of Ordinary Shares and options over Ordinary Shares are as follows:

 
 Name              Role               Total No. Ordinary   Total No. Ordinary 
                                            Shares under          Shares held 
                                                  Option 
----------------  -----------------  -------------------  ------------------- 
                   Chief Executive 
 Nancy Cullen       Officer                       26,500              133,300 
                   Chief Financial 
 Gregor Dunlay      Officer                       37,750                1,000 
 Andrew Keiller    Chief Operating                37,750                    - 
                    Officer 
 

The total number of Ordinary Shares over which options have been granted (including the New Options) is 195,000 representing 9.99% per cent. of the Company's existing issued share capital.

Contact details:

 
 SpaceandPeople Plc                      0845 241 8215 
 Nancy Cullen, Gregor Dunlay 
                                          0203 829 
 Zeus (Nominated Adviser and Broker)       5000 
 David Foreman, Jamie Peel, Ed Beddows 
 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

 
  1    Details of the person discharging managerial responsibilities/person 
        closely associated 
      ---------------------------------------------------------------------------------- 
  a)   Name                         1. Nancy Cullen 
                                     2. Gregor Dunlay 
                                     3. Andrew Keiller 
----  --------------------------  ------------------------------------------------------ 
  2    Reason for the notification 
----  ---------------------------------------------------------------------------------- 
  a)   Position/status              1. Chief Executive Officer 
                                     2. Chief Financial Officer 
                                     3. 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                          21380026UDE3LKFSDP68 
----  --------------------------  ------------------------------------------------------ 
  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 10 pence each ("Ordinary 
        the financial                Shares") 
        instrument, type 
        of instrument 
---- 
       Identification               ISIN: GB00B058DS79 
        code 
----  --------------------------  ------------------------------------------------------ 
  b)   Nature of the               Grant of options over Ordinary Shares pursuant 
        transaction                 to the SpaceandPeople plc 2012 Enterprise Management 
                                    Incentive Scheme 
----  --------------------------  ------------------------------------------------------ 
  c)   Price(s) and volume(s)                 Price(s)        Volume(s) 
                                                              ---------- 
                                          60 pence (exercise 
                                     1.         price)           9,000 
                                    ---  -------------------  ---------- 
                                          60 pence (exercise 
                                     2.         price)           9,000 
                                    ---  -------------------  ---------- 
                                          60 pence (exercise 
                                     3.         price)           9,000 
                                    ---  -------------------  ---------- 
----  --------------------------  ------------------------------------------------------ 
  d)    Aggregated information 
          *    Aggregated volume 
                                     1. N/A single transaction 
                                     2. N/A single transaction 
          *    Price                 3. N/A single transaction 
----  --------------------------  ------------------------------------------------------ 
  e)   Date of the transaction     21 December 2023 
----  --------------------------  ------------------------------------------------------ 
  f)   Place of the transaction    Off market 
----  --------------------------  ------------------------------------------------------ 
 

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 rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

December 22, 2023 02:00 ET (07:00 GMT)

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