Ecsc Share News (ECSC)

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RNS Number : 3241A

ECSC Group PLC

28 September 2020

28 September 2020

ECSC Group plc

('ECSC', the 'Company' or the 'Group')

Grant of options

ECSC (AIM: ECSC), the provider of cyber security services, announces that it has today granted options over 450,000 new ordinary shares in the Company ("Options") in respect of the following directors, persons discharging managerial responsibilities ("PDMRs") and employees of the Company:

 
 Name               Position                          Number of       Total number 
                                                Options granted    of options held 
                                                                     as at today's 
                                                                              date 
 Ian Mann           Chief Executive Officer             100,000            100,000 
 Lucy Sharp         Chief Operating Officer             100,000            244,758 
                    Chief Technology 
 Ian Castle          Officer                             80,000            183,602 
 Gemma Basharan     Chief Financial Officer              80,000            144,651 
 Clare MacDonald    PDMR                                 10,000             58,952 
 Liz Knight         PDMR                                  5,000             25,000 
 Paul Lambsdown     PDMR                                 15,000             63,952 
 n/a                Other employees                      60,000            217,122 
 

The Options are being granted pursuant to the Company's Enterprise Management Incentive Share Option Scheme (EMI Scheme) and have an exercise price of 69p per Ordinary Share, being the Company's closing mid-market share price on the business day prior to the grant.

Of the Options being granted to Directors (the "Director Options"), a quarter will vest a year following the date of grant, with a quarter vesting on each subsequent anniversary of the date of grant for the following three years. The Director Options are exercisable from the relevant vesting date, subject to the Company's closing mid-market share price exceeding certain targets for 10 consecutive business days, being 167p for the first vesting period, 200p for the second vesting period, 225p for the third vesting period and 250p for the final vesting period.

The Options being granted to PDMRs and Employees vest and become exercisable one year from the date of grant, subject to the Company's closing mid-market share price exceeding 167p for 10 consecutive business days. All Options expire on the tenth anniversary of the date of grant.

Following the above grant of options over Ordinary Shares, the Company has 1,244,448 options in issue over Ordinary Shares, representing 12.44% per cent. of the Company's issued share capital and voting rights.

The FCA notifications in respect of the above grant of the Options, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

 
ECSC Group plc (including press enquiries) 
 David Mathewson, Non-Executive Chairman 
 Ian Mann, Chief Executive Officer                  +44 (0) 1274 736 223 
Allenby Capital Limited (Nominated Adviser 
 and Broker) 
 David Hart/Asha Chotai (Corporate Finance) 
 Tony Quirke (Sales) 
 For more information please visit the following: 
 https://investor.ecsc.co.uk/                       +44 (0) 203 3285 656 
Yellow Jersey (PR and Investor Relations) 
 Sarah Hollins 
 Annabel Atkins 
 Matthew McHale                                     +44 (0) 203 004 9512 
 

Notes to Editors:

Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest running full-service cyber security service provider. With an extensive range of in-house developed proprietary technologies, including advanced Artificial Intelligence (AI) systems, ECSC provides expert security breach prevention and advisory support to organisations across all sectors.

ECSC operates from two Security Operations Centres (SOCs): one in Yorkshire, UK, and the other in Brisbane, Australia. ECSC offers flexible 24/7/365 cyber security monitoring, detection, and response support to its clients, either as a fully managed service or to enhance an organisation's existing cyber security systems. In addition, ECSC's Assurance division provides guidance, certification to industry standards, and extensive testing services to allow organisations to assess their cyber security protection.

ECSC is led by a highly experienced senior management team with over 80 years' combined experience within the company, and has delivered consecutive organic growth for the last 20 years.

The Company's broad client base ranges from e-commerce start-ups to global blue-chip organisations, including 10% of the FTSE 100.

For more information please visit the following: https://investor.ecsc.co.uk/

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                         Ian Mann          Chief Executive 
                                                       Officer 
                                    Lucy Sharp        Chief Operating 
                                                       Officer 
                                    Ian Castle        Chief Technology 
                                                       Officer 
                                    Gemma Basharan    Chief Financial 
                                                       Officer 
                                    Clare MacDonald   PDMR 
                                    Liz Knight        PDMR 
                                    Paul Lambsdown    PDMR 
     --------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status             See above 
     --------------------------  --------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                        ECSC Group plc 
     --------------------------  --------------------------------------------------- 
 b)   LEI                         213800CG9B473DGJDC94 
     --------------------------  --------------------------------------------------- 
 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          Options over Ordinary shares of 0.1p 
       financial instrument,       each in ECSC Group plc 
       type of instrument          Identification code (ISIN) for ECSC Group 
       Identification code         plc ordinary shares: GB00BYMJ4J99 
     --------------------------  --------------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
                                   of 0.1p each in the Company 
     --------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)       Director /         No. of options  Exercise price 
                                     PDMR               granted 
                                    Ian Mann           100,000         69p 
                                    Lucy Sharp         100,000         69p 
                                    Ian Castle         80,000          69p 
                                    Gemma Basharan     80,000          69p 
                                    Clare MacDonald    10,000          69p 
                                    Liz Knight         5,000           69p 
                                    Paul Lambsdown     15,000          69p 
     --------------------------  --------------------------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------------- 
 e)   Date of the transaction     28 September 2020 
     --------------------------  --------------------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  --------------------------------------------------- 
 

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September 28, 2020 08:14 ET (12:14 GMT)