Beeks Financial Cloud Group PLC Grant of Share Options (9017T)

TIDMBKS

RNS Number : 9017T

Beeks Financial Cloud Group PLC

20 November 2023

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Grant of Share Options

20 November 2023 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that on 20 November 2023 options over a total of 1,550,000 ordinary shares of GBP0.00125 in the Company ("Options") were granted under the Beeks Financial Cloud Employee Share Option Plan. An Option over 50,000 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 1,500,000 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         50,000 
                                                     ---------- 
      -------------------------------  -------------------------------------- 
 d)    Aggregated information           n/a 
        Aggregated volume Price 
      -------------------------------  -------------------------------------- 
 e)    Date of the transaction          20 November 2023 
      -------------------------------  -------------------------------------- 
 f)    Place of the transaction         Outside a trading venue 
      -------------------------------  -------------------------------------- 
 

For further information please contact:

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

About Beeks:

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year. Beeks Group now employs over 100 team members across the globe with the majority based at our Renfrew HQ.

Find out more at beeksgroup.com

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November 20, 2023 02:01 ET (07:01 GMT)