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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 |
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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