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BBB Bigblu Broadband Plc

33.50
-0.50 (-1.47%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bigblu Broadband Plc LSE:BBB London Ordinary Share GB00BD5JMP10 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -1.47% 33.50 33.00 34.00 34.00 32.70 34.00 19,721 10:10:49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 31.22M -3.05M -0.0522 -6.42 19.61M

Bigblu Broadband PLC Grant of LTIP Awards and Share Options (7616P)

31/05/2018 7:00am

UK Regulatory


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TIDMBBB

RNS Number : 7616P

Bigblu Broadband PLC

31 May 2018

Bigblu Broadband plc

("BBB" or the "Company")

Bigblu Broadband plc

("BBB" or the "Company")

Grant of LTIP Awards and Share Options

Bigblu Broadband plc (AIM: BBB), a leading provider of alternative fast broadband services, announces that on 30 May 2018, the Company granted nominal-cost options over a total of 1,891,561 ordinary shares under the Company's 2018 Long Term Incentive Plan ("LTIP") to Executive Directors, senior management and certain employees (representing 3.4% of the Company's current issued share capital).

LTIP awards

LTIP awards have made to the following Executive Directors and members of the senior management team and are subject to vesting criteria over a three-year period based on total shareholder return ("TSR") targets:

 
 Name                  Position               Number of LTIP 
                                               awards 
--------------------  ---------------------  --------------- 
                       Chief Executive 
 Andrew Walwyn          Officer               421,907 
--------------------  ---------------------  --------------- 
                       Chief Financial 
 Frank Waters           Officer               338,968 
--------------------  ---------------------  --------------- 
                       Chief Technical 
 Simon Clifton          Officer               329,953 
--------------------  ---------------------  --------------- 
                       Chief Operating 
 Mark Anderson          Officer               183,908 
--------------------  ---------------------  --------------- 
 Christopher Hunter    Chief Sales Officer    270,344 
--------------------  ---------------------  --------------- 
                       Chief Marketing 
 Johnny Robinson        Officer               270,344 
--------------------  ---------------------  --------------- 
 

These awards will be based on a range of challenging absolute TSR targets and relative TSR targets based on a broad comparator group of companies in the AIM All Share index, over a three-year period.

Grant of options

In addition, the Board has approved the grant of 413,333 share options to employees both in the UK and overseas under the Company's 2015 Unapproved Option Scheme. The options will vest 24 months from the date of grant (being 30 May 2018) and are subject to performance conditions including EBITDA and cash flow targets.

Contacts:

 
 Bigblu Broadband Plc             www.bbb-plc.com 
 Andrew Walwyn, Chief Executive   Via Walbrook PR 
  Officer 
 
 Numis Securities (Nomad          Tel: +44 (0)20 7260 1000 
  and broker) 
 Oliver Hardy (Corporate 
  Advisory) 
 James Black / Jonathan 
  Abbott (Corporate Broking) 
 
 Walbrook PR (PR advisers)        Tel: +44 (0)20 7933 8780 
 Paul Cornelius / Nick            or bigblubroadband@walbrookpr.com 
  Rome 
 

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)   Name                        Andrew Walwyn 
                                  ------------------- 
                                   Frank Waters 
                                  ------------------- 
                                   Simon Clifton 
                                  ------------------- 
                                   Mark Anderson 
                                  ------------------- 
                                   Christopher Hunter 
                                  ------------------- 
                                   Johnny Robinson 
                                  ------------------- 
---  -------------------------  -------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status             Andrew Walwyn     Chief Executive 
                                                      Officer 
                                  ----------------  ---------------- 
                                   Frank Waters      Chief Financial 
                                                      Officer 
                                  ----------------  ---------------- 
                                   Simon Clifton     Chief Technical 
                                                      Officer 
                                  ----------------  ---------------- 
                                   Mark Anderson     Chief Operating 
                                                      Officer 
                                  ----------------  ---------------- 
                                   Christopher       Chief Sales 
                                    Hunter            Officer 
                                  ----------------  ---------------- 
                                   Johnny Robinson   Chief Marketing 
                                                      Officer 
                                  ----------------  ---------------- 
---  -------------------------  -------------------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------- 
 a)   Name                       Bigblu Broadband Plc 
---  -------------------------  -------------------------------------------- 
 b)   LEI                        2138008P6X5EX455KU41 
---  -------------------------  -------------------------------------------- 
 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             Nominal-cost options over ordinary 
       the financial              shares of GBP0.15 each 
       instrument, type 
       of instrument 
--- 
 
      Identification             ISIN: GB00BD5JMP10 
       code 
 
 b)   Nature of the              Grant of options under the 
       transaction                LTIP 
---  -------------------------  -------------------------------------------- 
 c.   Price(s) and volume(s)      Name(s)          Price(s)      Volumes(s) 
                                  ---------------  ------------  ----------- 
                                   Andrew           GBP0.15 
                                    Walwyn           per share    421,907 
                                  ---------------  ------------  ----------- 
                                                    GBP0.15 
                                   Frank Waters      per share    338,968 
                                  ---------------  ------------  ----------- 
                                                    GBP0.15 
                                   Simon Clifton     per share    329,953 
                                  ---------------  ------------  ----------- 
                                                    GBP0.15 
                                   Mark Anderson     per share    183,908 
                                  ---------------  ------------  ----------- 
                                   Christopher      GBP0.15 
                                    Hunter           per share    270,344 
                                  ---------------  ------------  ----------- 
                                   Johnny           GBP0.15 
                                    Robinson         per share    270,344 
                                  ---------------  ------------  ----------- 
---  -------------------------  -------------------------------------------- 
 d)   Aggregated information: 
--- 
 
      - Aggregated volume        Options over 1,815,424 ordinary 
                                  shares 
 
      - Price                    Nil cost 
 
 e)   Date of the transaction    30 May 2018 
---  -------------------------  -------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  -------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHWGUMWAUPRPGU

(END) Dow Jones Newswires

May 31, 2018 02:00 ET (06:00 GMT)

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