Castleton Technology PLC Grant of Options under SAYE Scheme (1245O)

TIDMCTP

RNS Number : 1245O

Castleton Technology PLC

01 October 2019

Castleton Technology PLC

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

Grant of Options under SAYE Scheme

Castleton Technology PLC, a leading supplier of complementary software and managed services to the public and not-for-profit sector, is pleased to announce that it has launched a second Save As You Earn ("SAYE") share scheme for all its permanent employees.

Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 2 pence each ("Ordinary Shares") at an exercise price of 80.0 pence per Ordinary Share, representing a 20% discount to the closing middle market price of an Ordinary Share on 19 August 2019, the dealing day before the invitation to participate was made. The Options have a contract start date of 1 October 2019 and are exercisable from 1 October 2022.

A total of 60 out of 150 eligible employees have elected to participate in the SAYE schemes. A total of 157,275 Options have been granted in the 2019 scheme, representing 0.2% of the Company's current issued share capital.

Dean Dickinson (CEO) has elected to participate in the SAYE scheme and is included in the total figures above. His individual Option grant pursuant to the SAYE scheme is as follows:

 
Dean Dickinson:  9,000 Options 
 

As a result of these Option grants, Dean Dickinson has the following direct interests in Ordinary Shares:

 
Director         Ordinary Shares held  Number of Options granted  Total number of options    Total interest in 
                                                                  over Ordinary Shares       Ordinary Shares as a 
                                                                                             percentage of current 
                                                                                             issued share capital 
Dean Dickinson   185,000               9,000                      2,696,449 (note 1)         3% 
 

Note 1 -The total options are held by way of a combination of EMI Options, SAYE options and Growth Shares.

The notification at the end of this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail of the Options granted.

Enquiries:

 
 Castleton Technology plc                         Tel. +44 (0)845 
  Dean Dickinson, Chief Executive Officer          241 0220 
  Haywood Chapman, Chief Financial Officer 
 
 finnCap Ltd                                      Tel. +44 (0)20 
  Jonny Franklin-Adams / Simon Hicks (Corporate    7220 0500 
  Finance) 
  Andrew Burdis (ECM) 
 
 Alma PR                                          Tel. [phone] 
  Rebecca Sanders-Hewett / Helena Bogle            901979 
 

About Castleton Technology plc

Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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                             Dean Dickinson 
      -------------------------------  ---------------------------------------- 
 2.    Reason for the Notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                  Chief Executive Officer 
      -------------------------------  ---------------------------------------- 
 b)    Initial notification/Amendment   Initial notification 
      -------------------------------  ---------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                             Castleton Technology plc 
      -------------------------------  ---------------------------------------- 
 b)    LEI                              2138007AHX5UT6CO5L76 
      -------------------------------  ---------------------------------------- 
 4.1   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                   Options over ordinary shares of 2 pence 
        the Financial                    each ("Options") 
        instrument, type 
        of instrument 
       Identification                   n/a 
        code 
      -------------------------------  ---------------------------------------- 
 b)    Nature of the                    Grant of Options 
        transaction 
      -------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)   Volume(s) 
                                          80.0p      9,000 
                                                    ---------- 
      -------------------------------  ---------------------------------------- 
 d)    Aggregated information:          n/a 
         *    Aggregated volume 
 
 
         *    Price 
      -------------------------------  ---------------------------------------- 
 e)    Date of the transaction          1 October 2019 
      -------------------------------  ---------------------------------------- 
 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 [e-mail] or visit www.rns.com.

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October 01, 2019 02:01 ET (06:01 GMT)