Elecosoft PLC Issue of Options (5749N)

TIDMELCO

RNS Number : 5749N

Elecosoft PLC

10 August 2017

Elecosoft plc

("Elecosoft", the "Company" or the "Group")

Issue of Options

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that yesterday the Company issued a total of 1,265,000 options to subscribe for new ordinary shares in the Company under the Elecosoft 2015 Share Option Plan, as adopted by the shareholders at the AGM on 26(th) May 2016, to various employees and directors of the Company (the "Options"). The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2019 is at least 2.97 pence. If the performance target is not met, the Options shall lapse.

The Options are exercisable at 48.0 pence and will expire on 08(th) August 2027. Details of director awards are included in the disclosure notices at the end of this announcement.

 
  Director/PDMR     Options Issued   Total Options Held 
                                      Post Issue 
 John Ketteley      250,000          350,000 
 David Pearson      150,000          150,000 
 Jason Ruddle       100,000          300,000 
 Jonathan Hunter    100,000          250,000 
 Anders Karlsson    150,000          150,000 
 
 
 For further information please contact: 
 
 Elecosoft plc                                        www.elecosoft.com 
  John Ketteley , Executive Chairman                   Tel: [phone] 
  Jonathan Hunter, Marketing & Business Development 
  Director 
  David Pearson, Group Finance Director and 
  Company Secretary 
 
 
 finnCap Ltd 
 Adrian Hargrave / Kate Bannatyne (Corporate          Tel: [phone] 
  Finance) 
  Camille Gochez (Corporate Broking) 
 
 
   Redleaf Communications 
 Elisabeth Cowell / David Ison                        Tel: [phone] 
                                                       [e-mail] 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

About Elecosoft plc

Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.

For more information, please visit www.elecosoft.com

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                             John Ketteley - Executive Chairman 
                                        David Pearson - Finance Director 
                                        Jason Ruddle - Managing Director 
                                        Jonathan Hunter - Business Development 
                                        Director 
                                        Anders Karlsson - Managing Director 
---  -------------------------------  ---------------------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------------------- 
 a)   Position/status                  See 1a) above 
---  -------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ------------------------------------------------------------------------- 
 a)   Name                             Elecosoft plc 
---  -------------------------------  ---------------------------------------- 
 b)   LEI                              N/A 
---  -------------------------------  ---------------------------------------- 
 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 to subscribe for new ordinary 
       Financial instrument,            shares of 1p each 
       type of instrument 
--- 
      Identification code              ELCO GB0003081246 
---  -------------------------------  ---------------------------------------- 
 b)   Nature of the transaction        Grant of options 
---  -------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)           Director      Price(s)   Volume(s) 
                                        J Ketteley    48.0p      250,000 
                                        D Pearson     48.0p      150,000 
                                        J Ruddle      48.0p      100,000 
                                        J Hunter      48.0p      100,000 
                                        A Karlsson    48.0p      150,000 
---  -------------------------------  ---------------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
---  -------------------------------  ---------------------------------------- 
 e)   Date of the transaction          Share Options as described in 
                                        4c) Granted 9(th) August 2017 
---  -------------------------------  ---------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
---  -------------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 10, 2017 02:02 ET (06:02 GMT)