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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aeorema Communications Plc | LSE:AEO | London | Ordinary Share | GB00B4QHH456 | ORD 12.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 1.63% | 62.50 | 60.00 | 65.00 | 62.50 | 61.50 | 61.50 | 9,350 | 09:00:43 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Television Broadcast Station | 20.23M | 757k | 0.0794 | 7.87 | 5.96M |
From May 2019 to May 2024
TIDMAEO
RNS Number : 3094X
Aeorema Communications Plc
30 April 2021
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media
30 April 2021
Aeorema Communications plc ('Aeorema' or the 'Company')
Grant of options
Aeorema Communications plc, the AIM-traded live events agency, announces the grant of options ("Options") over new ordinary shares of 12.5 pence each in the Company ("Ordinary Shares").
A total of 900,000 Options have been granted, in aggregate, to Steve Quah (Chief Executive Officer), Andrew Harvey (Managing Director) and Hannah Luffman (Strategy Director, a non-Board role), details of which are set out below, under the Company's EMI share option scheme.
Hot Features
Premium
Name Number of Options Resulting number of
granted Ordinary Shares under
option
Steve Quah 300,000 900,000
Andrew Harvey 300,000 600,000
Hannah Luffman 300,000 300,000
Each of the Options are exercisable as to:
-- 100,000 Options at 31 pence per Ordinary Share; -- 100,000 Options at 50 pence per Ordinary Share; and -- 100,000 Options at 70 pence per Ordinary Share.
The exercise prices represent the following premiums to the average closing mid-market price of an Ordinary Share in the thirty days to 29 April 2021
-- 31p exercise price = 5 per cent. premium -- 50p exercise price = 69 per cent. premium -- 70p exercise price = 137 per cent. premium
The Options will vest on 5 November 2023 and can be exercised from the date of vesting until 5:00 p.m. on the business day before the 10(th) anniversary of the date of grant, being 29 April 2021. The Options granted represent 10 per cent of the Company's current issued share capital. In total 1,920,000 options over Ordinary Shares are now outstanding, representing 21 per cent of the Company's current issued share capital.
The Company is focussed on growth both organically and by selective acquisitions of businesses, teams and talent. The Directors believe that options represent an important incentive to attract, motivate and retain high quality staff. Accordingly, the Company intends to grant up to 400,000 additional Options at appropriate junctures in the future. If all these Options are granted and no existing Options are cancelled or exercised, the Company would have a total of 2,320,000 Options outstanding, representing 25 per cent of the Company's current issued share capital. The Board has agreed that a threshold of 25 per cent. of the Company's issued share capital under option will not be exceeded at any time.
Related party transaction
The aggregated grant of options to Steve Quah and Andrew Harvey is a related party transaction pursuant to rule 13 of the AIM Rules for Companies. Accordingly, the Directors, other than Steve Quah and Andrew Harvey, having consulted with the Company's nominated adviser, consider that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.
Further details and the information required in accordance with the requirements of the Market Abuse (Amendment) (EU exit) Regulations 2019/310 are set out at the end of this announcement.
For further information visit www.aeorema.com or contact:
Mike Hale Aeorema Communications Tel: +44 (0) 20
plc 7291 0444
John Depasquale Allenby Capital Limited Tel: +44 (0)20
/ Liz Kirchner (Corporate (Nominated Adviser 3328 5656
Finance) and Broker)
Kelly Gardiner (Sales
& Corporate Broking)
Catherine Leftley St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Steve Quah Chief Executive
Officer
Andrew Harvey Managing Director
------------------
Hannah Luffman Strategy Director
------------------
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: See 1a above
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name: Aeorema Communications plc
-------------------------------- -----------------------------------------
b) LEI: 213800PJBW6O7NDCKJ08
-------------------------------- -----------------------------------------
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 12.5p each
financial instrument, ISIN: GB00B4QHH456
type of instrument:
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of options over Ordinary
Shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Steve Quah 31p 100,000
--------- ----------
Andrew Harvey 31p 100,000
--------- ----------
Hannah Luffman 31p 100,000
--------- ----------
-------------------------------- -----------------------------------------
d) Aggregated information: n/a
Aggregated volume:
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 29 April 2021
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Steve Quah Chief Executive
Officer
Andrew Harvey Managing Director
------------------
Hannah Luffman Strategy Director
------------------
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: See 1a above
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name: Aeorema Communications plc
-------------------------------- -----------------------------------------
b) LEI: 213800PJBW6O7NDCKJ08
-------------------------------- -----------------------------------------
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 12.5p each
financial instrument, ISIN: GB00B4QHH456
type of instrument:
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of options over Ordinary
Shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Steve Quah 50p 100,000
--------- ----------
Andrew Harvey 50p 100,000
--------- ----------
Hannah Luffman 50p 100,000
--------- ----------
-------------------------------- -----------------------------------------
d) Aggregated information: n/a
Aggregated volume:
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 29 April 2021
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Steve Quah Chief Executive
Officer
Andrew Harvey Managing Director
------------------
Hannah Luffman Strategy Director
------------------
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: See 1a above
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name: Aeorema Communications plc
-------------------------------- -----------------------------------------
b) LEI: 213800PJBW6O7NDCKJ08
-------------------------------- -----------------------------------------
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 12.5p each
financial instrument, ISIN: GB00B4QHH456
type of instrument:
Identification code:
-------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of options over Ordinary
Shares
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Steve Quah 70p 100,000
--------- ----------
Andrew Harvey 70p 100,000
--------- ----------
Hannah Luffman 70p 100,000
--------- ----------
-------------------------------- -----------------------------------------
d) Aggregated information: n/a
Aggregated volume:
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 29 April 2021
-------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
-------------------------------- -----------------------------------------
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END
DSHSDAFWSEFSEFL
(END) Dow Jones Newswires
April 30, 2021 13:20 ET (17:20 GMT)
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