Beeks Financial Cloud Group PLC Grant of Share Options (7390I)

TIDMBKS

RNS Number : 7390I

Beeks Financial Cloud Group PLC

06 December 2022

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Grant of Share Options

06 December 2022 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that on 2 December 2021 options over a total of 1,549,000 ordinary shares of GBP0.00125 in the Company ("Options") were granted under the Beeks Financial Cloud Employee Share Option Plan. An Option over 70,000 shares was awarded to Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities ("PDMR Options"). Options were also granted over 1,479,000 shares to certain employees of the Company, each of whom are not persons discharging managerial responsibilities ("Employee Options").

The PDMR Options vest after three years and the Employee Options vest over 2 years to 3 years from the date of grant with an exercise price of GBP0.00125, subject to challenging performance conditions being met.

 
       Details of the person discharging managerial responsibilities 
  1.    / person closely associated 
 a)    Name                             Fraser McDonald 
      -------------------------------  -------------------------------------- 
       Reason for the Notification 
  2. 
      ----------------------------------------------------------------------- 
 a)    Position/status                  Chief Financial Officer 
      -------------------------------  -------------------------------------- 
 b)    Initial notification/amendment   Initial notification 
      -------------------------------  -------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------- 
 a)    Name                             Beeks Financial Cloud Group plc 
      -------------------------------  -------------------------------------- 
 b)    LEI                              213800XD729OTYVOMR79 
      -------------------------------  -------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4.    (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 0.00125 pence each 
        Financial instrument, 
        type of instrument 
      -------------------------------  -------------------------------------- 
       Identification code              GB00BZ0X8W18 
      -------------------------------  -------------------------------------- 
 b)    Nature of the Transaction        Award of Share Options 
      -------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)    Volume(s) 
                                          Nil         70,000 
                                                     ---------- 
      -------------------------------  -------------------------------------- 
 d)    Aggregated information           n/a 
        Aggregated volume Price 
      -------------------------------  -------------------------------------- 
 e)    Date of the transaction          2 December 2022 
      -------------------------------  -------------------------------------- 
 f)    Place of the transaction         Outside a trading venue 
      -------------------------------  -------------------------------------- 
 

For further information please contact:

 
 Beeks Financial Cloud Group plc 
 Gordon McArthur, CEO                                  via Alma PR 
 Fraser McDonald, CFO 
                                                       [phone] 
 Canaccord Genuity                                      8000 
 Adam James / Patrick Dolaghan 
 Alma PR                                               [phone] 
 Caroline Forde / H ilary Buchanan / Joe Pederzolli 
 

About Beeks

Beeks is a leading managed cloud computing, connectivity and analytics provider for Capital Markets and financial services. Our vision is simple: Build. Connect. Analyse.

With a growing international network of data centres, Beeks provides end to end outsourcing of compute environments by delivering low-latency compute, connectivity and analytics, on-demand. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure.

ISO 27001 certified, Beeks supports its global customers at scale exclusively within global capital markets and leading financial centres.

beeksgroup.com

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December 06, 2022 04:13 ET (09:13 GMT)