Arcontech Group PLC Grant of Options and Director/PDMR Shareholdings (3277D)

TIDMARC

RNS Number : 3277D

Arcontech Group PLC

26 April 2017

ARCONTECH GROUP PLC

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

Grant of Options and

Director/PDMR Shareholdings

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that on 25 April 2017, the Company granted options ("Options") over a total of 230,397 ordinary shares in the capital of the Company ("Ordinary Shares") pursuant to the Arcontech Group plc Share Option Scheme. Of these Options, 135,397 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 95,000 granted to other employees.

The Options are exercisable at 64.5 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 24 April 2017, the last dealing day prior to the grant of the Options. The Options shall vest and may be exercised at any time on or after 25 April 2020, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Enquiries:

 
                                              020 7256 
 Arcontech Group plc                           2300 
 Louise Barton, Chairman of the 
  Remuneration Committee and Non-Executive 
  Director 
 
  Michael Levy - Group Finance 
  Director and Company Secretary 
 
 
                                              020 7220 
 finnCap Ltd (Nomad & Broker)                  0500 
 Carl Holmes/Simon Hicks 
 
 

To access more information on the Group please visit: www.arcontech.com

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

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Names                      Richard Last - Non-Executive 
                                  Chairman 
                                  Michael Levy - Group Finance 
                                  Director and Company Secretary 
                                  Louise Barton - Non-Executive 
                                  Director 
                                  Darren Lewis - Head of Development 
                                  Sarah Wisbey - Administration 
                                  Director 
                                  Will Pitcairn - Head of Support 
---  -------------------------  ------------------------------------ 
 2.   Reason for the Notification 
---  --------------------------------------------------------------- 
 a)   Position/status            See 1 (a) above - all are 
                                  PDMR's 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                       Arcontech Group plc 
---  -------------------------  ------------------------------------ 
 b)   LEI                        n/a 
---  -------------------------  ------------------------------------ 
 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             Grant of Options over Ordinary 
       the Financial              Shares 
       instrument, type 
       of instrument 
--- 
      Identification             GB00BDBBJZ03 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Grant of Options over Ordinary 
       transaction                Shares 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and               Exercise Price: 64.5 pence 
       volume(s)                  Volumes: 
                                  Richard Last - Options over 
                                  24,762 Ordinary Shares 
                                  Michael Levy - Options over 
                                  20,635 Ordinary Shares 
                                  Louise Barton - Options over 
                                  20,000 Ordinary Shares 
                                  Darren Lewis - Options over 
                                  40,000 Ordinary Shares 
                                  Sarah Wisbey - Options over 
                                  5,000 Ordinary Shares 
                                  Will Pitcairn - Options over 
                                  25,000 Ordinary Shares 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information:    See 4 (c) above 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    25 April 2017 
---  -------------------------  ------------------------------------ 
 f)   Place of the               Outside a trading venue 
       transaction 
---  -------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFMGZDRKNGNZM

(END) Dow Jones Newswires

April 26, 2017 02:01 ET (06:01 GMT)