Elecosoft PLC Issue of Options (2455E)

TIDMELCO

RNS Number : 2455E

Elecosoft PLC

08 February 2018

Elecosoft plc

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

Issue of Options

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that today the Company issued a total of 250,000 options to subscribe for new ordinary shares of 1 pence each ("Ordinary Shares") in the Company under the Elecosoft 2015 Share Option Plan, as adopted by the shareholders at the AGM on 26 May 2016, to employees and a director 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 45.0 pence and will expire on 8 August 2027. Details of the director award is included in the disclosure notice at the end of this announcement.

 
  Director/PDMR    Options Issued   Total Options 
                                     Held Post Issue 
 Simon Morgan      150,000          150,000 
 
 
 For further information please 
  contact: 
 Elecosoft plc                         www.elecosoft.com 
  John Ketteley, Executive Chairman     Tel: [phone] 
  Jonathan Hunter, Chief Operating      8000 
  Officer 
 
 finnCap Ltd                           Tel: [phone] 
  Adrian Hargrave / Kate Bannatyne      0500 
  (Corporate Finance) 
  Camille Gochez (Corporate Broking) 
 
 Redleaf Communications                Tel: [phone] 
  Elisabeth Cowell / Fiona Norman       6880 
                                        [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                             Simon Morgan - Finance 
                                        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                              LEI: 21380016GT9Z6ZQX4T37 
---  -------------------------------  ------------------------------------- 
 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                   Options to subscribe 
       the Financial                    for new ordinary shares 
       instrument, type                 of 1p each 
       of instrument 
--- 
      Identification                   ELCO GB0003081246 
       code 
---  -------------------------------  ------------------------------------- 
 b)   Nature of the                    Grant of options 
       transaction 
---  -------------------------------  ------------------------------------- 
 c)   Price(s) and                     Director        Price(s)   Volume(s) 
       volume(s)                        Simon Morgan    45.0p      150,000 
---  -------------------------------  ------------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
---  -------------------------------  ------------------------------------- 
 e)   Date of the transaction          Share Options as described 
                                        in 4c) Granted 7 February 
                                        2018 
---  -------------------------------  ------------------------------------- 
 f)   Place of the                     Outside of a trading 
       transaction                      venue 
---  -------------------------------  ------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 08, 2018 02:00 ET (07:00 GMT)