Eagle Eye Solutions Group PLC Issue of share options (3909V)

TIDMEYE

RNS Number : 3909V

Eagle Eye Solutions Group PLC

05 April 2023

5 April 2023

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 today to the following Executive Directors and person discharging managerial responsibilities ("PDMRs") of Eagle Eye for nil cost as follows:

 
                                                   Number         Number 
                                              of Ordinary    of Ordinary 
                                                   Shares         Shares    Total number        % of 
                                                  subject        subject     of Ordinary    existing 
                                                  to FY25        to FY23    Shares under      issued 
                                                   option         option     option post       share 
 Director/PDMR          Role                        grant          grant           grant     capital 
                        Chief Executive 
 Tim Mason               Officer                   66,843         71,331       1,700,474        5.8% 
                       -------------------  -------------  -------------  --------------  ---------- 
                        Chief Information 
 Steve Rothwell          Officer                   38,613         41,206         286,626        1.0% 
                       -------------------  -------------  -------------  --------------  ---------- 
                        Chief Financial 
 Lucy Sharman-Munday     Officer                   38,613         41,206         536,826        2.0% 
                       -------------------  -------------  -------------  --------------  ---------- 
                        Chief Sales 
 Al Henderson            Officer                   22,448         18,938         171,399        0.6% 
                       -------------------  -------------  -------------  --------------  ---------- 
                        Chief Operating 
 David Aylmer            Officer                   22,448         23,955         308,297        1.1% 
                       -------------------  -------------  -------------  --------------  ---------- 
                        Chief People 
 Claire Essex-Crosby     Officer                   14,156          6,114          68,263        0.2% 
                       -------------------  -------------  -------------  --------------  ---------- 
 James Esson            Company Secretary           6,534          2,094          32,649        0.1% 
                       -------------------  -------------  -------------  --------------  ---------- 
 

The FY25 awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the three year period ending 30 June 2025 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. The value of options awarded is scaled back from previous years in recognition of the Growth Plan being issued at the same time.

The FY23 awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the three year period ending 30 June 2023 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 stretch and super stretch performance levels as previously detailed in the Company's 2021 Remuneration Committee Report.

Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 32,833,594; 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. 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 
                                                                          6. Claire Essex-Crosby 
                                                                          7. James Esson 
     ------------------------------------------------------------  ------------------------------------------ 
 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 
                                                                          6. Chief People Officer 
                                                                          7. Company Secretary 
     ------------------------------------------------------------  ------------------------------------------ 
 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 instrument   Options over Ordinary Shares of 1p each 
 
       Identification code                                           GB00BKF1YD83 
     ------------------------------------------------------------  ------------------------------------------ 
 b)   Nature of transaction                                         Grant of Options o ver Ordinary Shares 
     ------------------------------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                                        Price(s)                Volume(s) 
     ------------------------------------------------------------  ----------------------  ------------------ 
                                                                               1. Nil            1. 138,174 
                                                                                2. Nil            2. 79,819 
                                                                                3. Nil            3. 79,819 
                                                                                4. Nil            4. 41,386 
                                                                                5. Nil            5. 46,403 
                                                                                6. Nil            6. 20,270 
                                                                                7. Nil            7. 8,628 
     ------------------------------------------------------------  ----------------------  ------------------ 
      Aggregated information                                        Not applicable 
       - Aggregated volume 
       - Price 
     ------------------------------------------------------------  ------------------------------------------ 
 e)   Date of the transaction                                       4 April 2023 
     ------------------------------------------------------------  ------------------------------------------ 
 f)   Place of the transaction                                      Outside of a trading venue 
     ------------------------------------------------------------  ------------------------------------------ 
 

Enquiries:

 
 Eagle Eye Solutions Group plc                       Tel: [phone] 
                                                      3686 
 Tim Mason, Chief Executive Officer 
 Lucy Sharman-Munday, Chief Financial Officer 
 
 Investec Bank plc (Nominated Adviser & Joint        Tel: +44 20 
  Broker)                                             7597 5970 
 Corporate Broking & PLC Advisory: David Anderson, 
  Nick Prowting 
 
 Shore Capital (Joint Broker)                        Tel: +44 20 
                                                      7408 4090 
 Corporate Advisory: Daniel Bush, David Coaten, 
  Lucy Bowden 
  Corporate Broking: Henry Willcocks 
 
 Alma PR (Financial PR)                              Tel: +44 20 
                                                      3405 0205 
 Caroline Forde, Hannah Campbell 
 

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. The Group creates a network between merchants, brands and audiences to enable customer acquisition, interaction and retention at lower cost whilst driving marketing innovation.

The Company's current customer base comprises leading names in UK Grocery, Retail, Leisure and Food & Beverage sectors, including Asda, Sainsbury's, Tesco, Waitrose and John Lewis & Partners, Virgin Red, JD Sports, Pret A Manger, Greggs, Mitchells & Butlers, PizzaExpress; in North America, Loblaws, Shoppers Drug Mart, Southeastern Grocers and Staples US Retail and in Australia & New Zealand, Woolworths Group and The Warehouse Group. In January 2023, the Group acquired France based Untie Nots, a personalised promotions business, adding Carrefour, E. Leclerc, Auchan and other leading brands to its European customer base.

Web - www.eagleeye.com

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April 05, 2023 02:00 ET (06:00 GMT)