SpaceandPeople PLC Grant of Options (1119X)

TIDMSAL

RNS Number : 1119X

SpaceandPeople PLC

24 August 2022

SpaceandPeople PLC

("SpaceandPeople" or the "Company")

Grant of Options

   1.         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 76,000 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 102.5 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 24 August 2025. 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 2024.

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

 
  Name             Role                            No. of Ordinary Shares 
                                                over which New Options granted 
 Nancy Cullen      Chief Executive Officer                               15,000 
 Gregor Dunlay     Chief Financial Officer                               15,000 
 Andrew Keiller    Chief Operating Officer                               15,000 
 Various other employees                                                 31,000 
 Total                                                                   76,000 
 
   2.         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                       27,500              133,300 
                   Chief Financial 
 Gregor Dunlay      Officer                       38,750                1,000 
 Andrew Keiller    Chief Operating                31,250                    - 
                    Officer 
 

The total number of Ordinary Shares over which options have been granted (including the New Options) is 186,100 representing 9.5% per cent. of the Company's existing issued share capital.

Enquiries

 
 SpaceandPeople plc 
 Gregor Dunlay, Chief Financial Officer    0845 241 8215 
 
 Zeus (Nominated Adviser and Broker) 
 David Foreman, Jamie Peel, Ed Beddows     020 3829 5000 
 

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) 
                                                                 ---------- 
                                          102.5 pence (exercise 
                                     1.           price)           15,000 
                                    ---  ----------------------  ---------- 
                                          102.5 pence (exercise 
                                     2.           price)           15,000 
                                    ---  ----------------------  ---------- 
                                          102.5 pence (exercise 
                                     3.           price)           15,000 
                                    ---  ----------------------  ---------- 
----  --------------------------  ------------------------------------------------------ 
  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     2022-08-24 
----  --------------------------  ------------------------------------------------------ 
  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 [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

DSHXZLFLLVLBBBX

(END) Dow Jones Newswires

August 24, 2022 09:06 ET (13:06 GMT)