Eagle Eye Solutions Group PLC Issue of share options (2250W)

TIDMEYE

RNS Number : 2250W

Eagle Eye Solutions Group PLC

10 November 2017

10 November 2017

Eagle Eye Solutions Group plc

("Eagle Eye", the "Group", or the "Company")

Issue of share options

Eagle Eye, the SaaS technology company that allows businesses to create a real-time connection with their customers. announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 9 November 2017 to the following Executive Directors and senior personnel of Eagle Eye, as follows:

 
                                      Number of    Total number        % of 
                                       Ordinary     of Ordinary    existing 
                                 Shares subject          Shares      issued 
 Director/Senior                      to option    under option       share 
  Personnel              Role             grant      post grant     capital 
---------------------  ------  ----------------  --------------  ---------- 
 Tim Mason                CEO           305,550         970,103        3.8% 
---------------------  ------  ----------------  --------------  ---------- 
 Steve Rothwell           CTO            47,527         763,695        3.0% 
---------------------  ------  ----------------  --------------  ---------- 
 Lucy Sharman-Munday      CFO            47,527         303,492        1.2% 
---------------------  ------  ----------------  --------------  ---------- 
 Helen Slaven             CSO            47,527         254,837        1.0% 
---------------------  ------  ----------------  --------------  ---------- 
 David Aylmer             COO            43,333          91,526        0.4% 
---------------------  ------  ----------------  --------------  ---------- 
 

These awards have been made under the Eagle Eye Solutions Plc Long Term Incentive Plan scheme. Each option has an exercise price of 1p per share.

Recognising the progress made by the Company under Tim Mason's guidance, the Remuneration Committee of the Company have awarded 221,679 options to him which vest in accordance with the previous year's Long Term Incentive Plan performance criteria, vesting between 30 June 2019 and 30 June 2020 subject to revenue performance criteria and a minimum share price performance hurdle of 106.0p, the Company's share price when the other options under the previous year's Long Term Incentive Plan were granted.

All other options above have been granted under the current year's Long Term Incentive Plan performance criteria, vesting between 30 June 2020 and 30 June 2021 subject to revenue performance criteria and also have a minimum share price performance hurdle, based on the Company's share price at the date of grant of 232.5p.

Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 28,541,676; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 11.0% of the fully diluted number of Ordinary Shares.

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      1. Tim Mason 
                                                                 2. Steve Rothwell 
                                                                 3. Lucy Sharman-Munday 
                                                                 4. Helen Slaven 
                                                                 5. David Aylmer 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           1. Chief Executive Officer 
                                                                 2. Chief Technology Officer 
                                                                 3. Chief Financial Officer 
                                                                 4. Chief Sales Officer 
                                                                 5. Chief Operating Officer 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 b)   Initial notification/Amendment                       Initial Notification 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                 Eagle Eye Solutions Group plc 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 b)   LEI                                                  2138002S1AIBVVMZ7A21 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 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 the financial instrument, type of     Options over Ordinary shares of 1p each 
      instrument 
                                                            GB00BKF1YD83 
      Identification code 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 b)   Nature of transaction                                Grant of Options 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 c)   Price(s) and volume(s)                               Price(s)                                    Volume(s) 
---  ---------------------------------------------------  ------------------------------------------  ---------------- 
                                                                1. GBP0.01 exercise price per share         1. 305,550 
                                                                 2. GBP0.01 exercise price per share         2. 47,527 
                                                                 3. GBP0.01 exercise price per share         3. 47,527 
                                                                 4. GBP0.01 exercise price per share         4. 47,527 
                                                                 5. GBP0.01 exercise price per share         5. 43,333 
---  ---------------------------------------------------  ------------------------------------------  ---------------- 
      Aggregated information                               491,464 options 
       - Aggregated volume                                  GBP4,914.64 combined exercise price 
       - Price 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 e)   Date of the transaction                              9 November 2017 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 f)   Place of the transaction                             Outside of a trading venue 
---  ---------------------------------------------------  ------------------------------------------------------------ 
 

For further information, please contact:

 
 Tim Mason, Chief Executive Officer      Tel: [phone] 
  Lucy Sharman-Munday, Chief Financial 
  Officer 
  Investec (Nominated Advisor and Broker) 
  Corporate Finance: David Anderson   Tel: [phone] 
    / Sebastian Lawrence 
   Corporate Broking: Matt Lewis / Rob Baker 
 
  Hudson Sandler 
 Nick Lyon/Hattie O'Reilly               Tel: [phone] 
 
   Information on Eagle Eye 
   www.eagleeye.com 
 

Eagle Eye is a leading SaaS technology company that allows businesses to create a real-time connection with their customers.

The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offer and accelerate their innovation.

The Company's current customer base comprises leading names in UK grocery, retail and hospitality including John Lewis, Asda, J Sainsbury, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 10, 2017 11:03 ET (16:03 GMT)