ATTRAQT Group PLC Grant of Director Options (8908O)

TIDMATQT

RNS Number : 8908O

ATTRAQT Group PLC

15 June 2022

15 June 2022

Attraqt Group plc

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

Grant of Director Options

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

Attraqt group plc (AIM: ATQT), the leading provider of product discovery solutions for ecommerce, announces the award of options (the "Options") over new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares"), 1,736,000 to Mark Adams (Chief Executive Officer) and 1,393,000 to Eric Dodd (Chief Financial Officer), under the Attraqt Group plc Long Term Incentive Plan.

The awards are granted as non-tax advantaged awards and vesting is subject to continued service and the achievement of certain performance conditions relating to total shareholder return ranking over three years and 2024 profit after tax, adjusted for capitalised expenditure and certain non cash items, expressed as a margin but with an absolute growth hurdle or floor. The Options have an exercise price of 1 pence per Ordinary Share.

For further enquiries please contact:

 
 Attraqt Group plc    [phone] 
 Eric Dodd, CFO 
 
 Canaccord Genuity    [phone] 
 Simon Bridges 
 Adam James 
 Thomas Diehl 
 
 Alma PR              [phone] 
 Susie Hudson         [e-mail] 
 Sam Modlin 
  Ella Doran 
 
 

About Attraqt Group plc

Attraqt enables online retailers and brand owners to maximise the performance and potential of their e-commerce investments by enabling best in class product discovery experiences. The Company delivers omnichannel search, merchandising, and product & content personalization for online retailers and brands. Our vision is to be the number one team and growth engine for our customers; powering the world's best product discovery experiences, wherever and whenever they happen.

   For more information visit    www.attraqt.com 

Details of the full notifications received by the Company are set out below.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Mark Adams 
     -------------------------------  --------------------------------------- 
      Reason for Notification 
  2 
     ------------------------------------------------------------------------ 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                             Attraqt Group PLC 
     -------------------------------  --------------------------------------- 
 b)   LEI                              213800M9C9HBKLLFSU91 
     -------------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 1 pence each in 
       financial instrument,            Attraqt Group PLC 
       type of instrument               GB00BMJJFZ18 
       Identification code 
     -------------------------------  --------------------------------------- 
 b)   Nature of the transaction        Entry into an Award Agreement pursuant 
                                        to which the following option awards 
                                        were granted under the Attraqt Group 
                                        PLC Long Term Incentive Plan: 
 
                                        (i) a non-tax advantaged award over 
                                        1,736,000 Ordinary Shares of 1 pence 
                                        each in Attraqt Group PLC. 
 
                                        The award was granted with an option 
                                        price of 1 pence per share and will 
                                        ordinarily become exercisable subject 
                                        to the achievement of performance 
                                        criteria and continued service. 
     -------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)              Volume(s) 
 
                                          1 pence (exercise 
                                          price)                1,736,000 
                                                              ----------- 
     -------------------------------  --------------------------------------- 
 d)   Aggregated information           Not applicable - single transaction 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          13th June 2022 
     -------------------------------  --------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Eric Dodd 
     -------------------------------  --------------------------------------- 
      Reason for Notification 
  2 
     ------------------------------------------------------------------------ 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                             Attraqt Group PLC 
     -------------------------------  --------------------------------------- 
 b)   LEI                              213800M9C9HBKLLFSU91 
     -------------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 1 pence each in 
       financial instrument,            Attraqt Group PLC 
       type of instrument               GB00BMJJFZ18 
       Identification code 
     -------------------------------  --------------------------------------- 
 b)   Nature of the transaction        Entry into an Award Agreement pursuant 
                                        to which the following option awards 
                                        were granted under the Attraqt Group 
                                        PLC Long Term Incentive Plan: 
 
                                        (i) a non-tax advantaged award over 
                                        1,393,000 Ordinary Shares of 1 pence 
                                        each in Attraqt Group PLC. 
 
                                        The award was granted with an option 
                                        price of 1 pence per share and will 
                                        ordinarily become exercisable subject 
                                        to the achievement of performance 
                                        criteria and continued service. 
     -------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)              Volume(s) 
 
                                          1 pence (exercise 
                                          price)                1,393,000 
                                                              ----------- 
     -------------------------------  --------------------------------------- 
 d)   Aggregated information           Not applicable - single transaction 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          13th June 2022 
     -------------------------------  --------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------- 
 

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June 15, 2022 02:00 ET (06:00 GMT)