Amino Technologies PLC Grant of Share Options (8878G)

TIDMAMO

RNS Number : 8878G

Amino Technologies PLC

20 March 2020

20 March 2020

AMINO TECHNOLOGIES PLC

(" Amino ", the "Company" or the " Group ")

Grant of Share Options

Amino Technologies plc (LSE AIM: AMO), the global provider of media and entertainment technology solutions, announces that the Group's Remuneration Committee and the Board have granted 130,000 options over the Company's ordinary shares of 1.0p each ("Ordinary Shares") to Joachim Bergman, co-CEO of 24i. These are nil-cost options and subject to continued employment and the meeting of certain performance conditions. The options will vest over 3 years.

The Board of the Group considers share options an effective and important mechanism to incentivise and retain Joachim Bergman and to align him with shareholder interests. In addition, the Board has included Mr Bergman in the existing special bonus scheme which would pay out, in the event of a change of control, a sum linked to the growth in share price. If this bonus becomes payable, it can be paid either in cash, or in shares of equivalent monetary value at the change of control share price, subject to the discretion of the Remuneration Committee at the time.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.

For further information please contact:

 
Amino Technologies PLC                                       [phone] 
Donald McGarva, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
finnCap Ltd (NOMAD and Broker)                               [phone] 
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) 
 Tim Redfern / Richard Chambers (Equity Capital Markets) 
 
FTI Consulting (Financial communications)                    [phone] 
Jamie Ricketts / Chris Birt / Gregory Hynes 
 

About Amino Technologies plc

Amino Technologies plc is a new breed of Media Tech business, focused on enabling operators to meet the challenge of the rapidly converging worlds of broadcast and next-generation streaming services. We believe the operators that will succeed will be those that allow consumers to control how, when and where they "watch TV" and consume video. The smart operator will enable each consumer to define what TV means to them.

It is our mission to anticipate the technological and consumer behavioural trends so that we can keep on creating the solutions that enable operators and media companies to drive growth in engagement and profitability while embracing the inevitable disruption to the video market. The Group meets these challenges through combining its award-winning IP/cloud platforms and deep deployment expertise to create solutions that enable our customers to design and deliver innovative and profitable next-generation video experiences.

Amino Technologies plc consists of two operating companies providing transformational media experiences: Amino Communications, with TV-centric solutions and 24i, focused on streaming and OTT experiences.

24i and Amino Communications are subsidiaries of Amino Technologies PLC which is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), headquartered in Cambridge, Amino has offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong. For more details, visit https://investor.aminocom.com/

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                        1. Joachim Bergman, co-CEO of 24i 
      --------------------------  --------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------- 
 a)    Position/status             Classified as PDMRs of the Company 
      --------------------------  --------------------------------------- 
 b)    Initial notification        Initial Notification 
        /Amendment 
      --------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                        Amino Technologies plc 
      --------------------------  --------------------------------------- 
 b)    LEI                         21380068JIMBNNZJL315 
      --------------------------  --------------------------------------- 
 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          Options over Ordinary Shares of 1.0p 
        financial instrument,       each 
        type of instrument 
      --------------------------  --------------------------------------- 
 b)    Identification code         GB00B013SN63 
      --------------------------  --------------------------------------- 
 c)    Nature of the transaction    Grant of New Options 
      --------------------------  --------------------------------------- 
 d)    Price(s) and volume(s)      Price(s) Volume(s) 
                                    1. Nil-cost 1. 130,000 options 
      --------------------------  --------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume          130,000 options over ordinary shares 
        - Price                      Nil-cost 
      --------------------------  --------------------------------------- 
 e)    Date of the transaction     19 March 2020 
      --------------------------  --------------------------------------- 
 f)    Place of the transaction    London Stock Exchange 
      --------------------------  --------------------------------------- 
 

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March 20, 2020 03:00 ET (07:00 GMT)