ECSC Group PLC Grant of EMI Options and PDMR Disclosure (2515X)

TIDMECSC

RNS Number : 2515X

ECSC Group PLC

08 August 2018

8 August 2018

ECSC Group plc

("ECSC" or the "Company")

Grant of EMI Options and PDMR Disclosure

ECSC Group plc (AIM: ECSC), the cyber security services provider, announces that it has today granted share options to certain employees pursuant to an Enterprise Management Incentive Share Option Scheme ("EMI Scheme").

The EMI Scheme provides eligible employees with the opportunity to buy ECSC Group plc ordinary shares at a future date in accordance with the scheme rules. The Company has granted options over 185,000 shares, representing 2.0% of the issued share capital of the company. The options are subject to a 3-year vesting period and an appropriate performance condition, that the ordinary shares trade at a mid-market minimum price of 200 pence per share over 30 consecutive trading days during the vesting period.

Within this grant of options, Mr Ian Castle and Ms Clare McDonald, who are identified as Persons Discharging Management Responsibilities (PDMRs), have been granted options over 50,000 and 20,000 shares respectively.

The share options were granted at a price of 92.50 pence, being the closing market share price on 7(th) August 2018 in accordance with HMRC guidelines.

 
Name              Options granted  Beneficial shareholding 
Ian Castle        50,000           205,029 
----------------  --------------- 
Clare MacDonald   20,000           2,681 
----------------  --------------- 
 

Enquiries:

 
 ECSC Group plc 
  David Mathewson (Chairman) 
  www.ecsc.co.uk                [phone] 
 
 Stockdale Securities (NOMAD 
  and Broker)                   [phone] 
 Robert Finlay 
  David Coaten 
 

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August 08, 2018 11:26 ET (15:26 GMT)