Share Name Share Symbol Market Type Share ISIN Share Description
SPACEANDPEOPLE PLC NEX:SAL.GB NEX Ordinary Share GB00B058DS79
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 12.00p 7.00p 17.00p 12.00p 12.00p 12.00p 0 07:50:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

SpaceandPeople PLC Grant of Options

02/07/2019 4:28pm

UK Regulatory (RNS & others)


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TIDMSAL

RNS Number : 2604E

SpaceandPeople PLC

02 July 2019

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

("SpaceandPeople" or the "Company")

Grant of Options

SpaceandPeople (AIM: SAL) the retail, promotional and brand experience specialist, announces that it has granted options over a total 1,000,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under its existing share option scheme (the "Options"). The Options have been granted to certain directors and senior management of the Company as follows:

 
 Name                       No. of Options 
                                   granted 
 Mathew Bending                    300,000 
 Nancy Cullen                      300,000 
 Gregor Dunlay                     300,000 
 Various other employees           100,000 
 Total                           1,000,000 
 

The Options are exercisable at a price of 12 pence per share being the average closing share price for the five days ended 28 June 2019 and vest no earlier than 1 July 2022. The Options expire on the tenth anniversary of the date of grant.

The vesting of the Options is conditional on the continued employment of the option holder as well as the satisfaction of certain financial performance conditions, namely earnings per share performance. The Options will vest in full should the Company achieve an average basic EPS of 2p per annum over the three-year vesting period; however, should a minimum average basic EPS of 0.5p be achieved, 25 per cent of the Options will vest. Above an average basic EPS of 0.5p, the number of Options that will vest will be calculated on a straight-line basis between the minimum 25 per cent. and maximum 100 per cent of the entitlement. No Options will vest if the average basic EPS is below 0.5p.

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

 
 Name              Total No. of Options   No. of Existing Ordinary 
                                                            Shares 
 Mathew Bending                 475,000                  2,102,200 
 Nancy Cullen                   475,000                  1,333,000 
 Gregor Dunlay                  475,000                     10,000 
 

The total number of options now outstanding over Ordinary Shares is 1,707,500 representing 8.7 per cent. of the Company's existing issued share capital.

For further information, contact:

 
 SpaceandPeople plc                                   0845 241 8215 
 Matthew Bending 
 Gregor Dunlay 
 
 Cantor Fitzgerald Europe                             020 7894 7000 
 David Foreman / Will Goode (Corporate Finance) 
 
 
 

Person responsible:

The person responsible for arranging the release of this announcement on behalf of SpaceandPeople is Gregor Dunlay.

About SpaceandPeople plc:

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                       Matthew Bending 
     -------------------------  ----------------------------------------- 
 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                       SpaceandPeople plc 
     -------------------------  ----------------------------------------- 
 b)   LEI                        2138006IEIC47Y7PAQ04 
     -------------------------  ----------------------------------------- 
 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 1 pence each 
       the financial 
       instrument, type           ISIN: GB00B058DS79 
       of instrument 
 
       Identification 
       code: 
     -------------------------  ----------------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
     -------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)              Volume(s) 
                                    Nil paid exercise 
                                     price of 12 pence 
                                     per share            300,000 
                                                         ---------- 
     -------------------------  ----------------------------------------- 
 d)   Aggregated information            Price(s)       Aggregated volume 
                                                         (s) 
                                         N/A - single 
                                          transaction 
                                                       ------------------ 
     -------------------------  ----------------------------------------- 
 e)   Date of the transaction    1 July 2019 
     -------------------------  ----------------------------------------- 
 f)   Place of the transaction   Off market 
     -------------------------  ----------------------------------------- 
 
 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                        2138006IEIC47Y7PAQ04 
     -------------------------  ----------------------------------------- 
 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 1 pence each 
       the financial 
       instrument, type           ISIN: GB00B058DS79 
       of instrument 
 
       Identification 
       code: 
     -------------------------  ----------------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
     -------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)              Volume(s) 
                                    Nil paid exercise 
                                     price of 12 pence 
                                     per share            300,000 
                                                         ---------- 
     -------------------------  ----------------------------------------- 
 d)   Aggregated information            Price(s)       Aggregated volume 
                                                         (s) 
                                         N/A - single 
                                          transaction 
                                                       ------------------ 
     -------------------------  ----------------------------------------- 
 e)   Date of the transaction    1 July 2019 
     -------------------------  ----------------------------------------- 
 f)   Place of the transaction   Off market 
     -------------------------  ----------------------------------------- 
 
 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                        2138006IEIC47Y7PAQ04 
     -------------------------  ----------------------------------------- 
 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 1 pence each 
       the financial 
       instrument, type           ISIN: GB00B058DS79 
       of instrument 
 
       Identification 
       code: 
     -------------------------  ----------------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
     -------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)              Volume(s) 
                                    Nil paid exercise 
                                     price of 12 pence 
                                     per share            300,000 
                                                         ---------- 
     -------------------------  ----------------------------------------- 
 d)   Aggregated information            Price(s)       Aggregated volume 
                                                         (s) 
                                         N/A - single 
                                          transaction 
                                                       ------------------ 
     -------------------------  ----------------------------------------- 
 e)   Date of the transaction    1 July 2019 
     -------------------------  ----------------------------------------- 
 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.

END

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