Eagle Eye Solutions Group PLC Issue of Share Options (9848C)

TIDMEYE

RNS Number : 9848C

Eagle Eye Solutions Group PLC

14 February 2020

14 February 2020

Eagle Eye Solutions Group plc

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

Issue of share options

Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 13 February 2020 to the following Executive Directors and senior personnel of Eagle Eye, as follows:

 
                                                    Total number 
                                       Number of     of Ordinary 
                                 Ordinary Shares    Shares under    % of existing 
 Director/Senior                      subject to     option post           issued 
  Personnel              Role       option grant           grant    share capital 
 Tim Mason                CEO            188,775       1,717,404             6.7% 
                       ------  -----------------  --------------  --------------- 
 Steve Rothwell           CTO            109,050         905,750             3.5% 
                       ------  -----------------  --------------  --------------- 
 Lucy Sharman-Munday      CFO            109,050         647,230             2.5% 
                       ------  -----------------  --------------  --------------- 
 Al Henderson             CSO             49,165         276,165             1.1% 
                       ------  -----------------  --------------  --------------- 
 David Aylmer             COO             63,397         313,604             1.2% 
                       ------  -----------------  --------------  --------------- 
 

These awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme and have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the financial year ending 30 June 2022 subject to revenue and EBITDA performance criteria and the overall underlying performance of the Company. In common with previous awards, the number of options which vest will vary depending on the level of achievement between threshold, target and stretch performance levels.

Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 30,187,323; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 15.6% of the fully diluted number of Ordinary Shares. This is in accordance with the Company's shareholder approved limit for shares outstanding under the Company's share option schemes at any time of a maximum of 20% of the ordinary share capital of the Company in issue at such time.

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                     1. Tim Mason 
                                                                2. Steve Rothwell 
                                                                3. Lucy Sharman-Munday 
                                                                4. Al Henderson 
                                                                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. 188,775 
                                                                2. GBP0.01 exercise price per share         2. 109,050 
                                                                3. GBP0.01 exercise price per share         3. 109,050 
                                                                4. GBP0.01 exercise price per share         4. 49,165 
                                                                5. GBP0.01 exercise price per share         5. 63,397 
     --------------------------------------------------  ------------------------------------------  ----------------- 
      Aggregated information 
       - Aggregated volume                                  519,437 options 
       - Price                                              GBP5,194.37 combined exercise price 
     --------------------------------------------------  ------------------------------------------------------------- 
 e)   Date of the transaction                             13 February 2020 
     --------------------------------------------------  ------------------------------------------------------------- 
 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 Joint               Tel: [phone] 
  Broker) 
  Corporate Finance: David Anderson / Sebastian 
  Lawrence 
  Corporate Broking: Sara Hale, Toba Fatimilehin 
 Shore Capital (Joint Broker)                        Tel: [phone] 
  Corporate Finance: Hugh Morgan/ Daniel 
  Bush/ Sarah Mather 
  Corporate Broking: Henry Willcocks 
 Alma PR 
  Caroline Forde/ Rebecca Sanders-Hewett/            Tel: [phone] 
  Jessica Joynson 
 

About Eagle Eye

Eagle Eye is a leading SaaS technology company transforming marketing by creating digital connections that enable personalised performance marketing in real time through coupons, loyalty, apps, subscriptions and gift services.

Eagle Eye AIR enables the secure issuance and redemption of digital offers and rewards at scale, across multiple channels, enabling a single customer view. We create a network between merchants, brands and audiences to enable customer acquisition, interaction and retention at lower cost whilst driving marketing innovation.

The Group's current customer base comprises leading names in UK Grocery, Retail and Food & Beverage sectors, including Asda, Sainsbury's, Tesco, Waitrose and John Lewis & Partners, JD Sports, Greggs, Mitchells & Butlers, Pizza Express and in Canada, Loblaws, Shoppers Drug Mart and Esso.

For more information, please visit www.eagleeye.com

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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February 14, 2020 02:00 ET (07:00 GMT)