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Share Name Share Symbol Market Type Share ISIN Share Description
Eleco Public Limited Company LSE:ELCO London Ordinary Share GB0003081246 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -2.01% 97.50 97.00 98.00 99.00 96.00 99.00 98,303 15:23:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 25.4 3.5 3.3 29.5 80

Eleco PLC Issue of Options

23/02/2021 7:00am

UK Regulatory (RNS & others)


Eleco Public (LSE:ELCO)
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TIDMELCO

RNS Number : 9645P

Eleco PLC

23 February 2021

23 February 2021

Eleco Plc

("Eleco" or the "Company")

Issue of Options

The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction software specialist, advises that on 23 February 2021 the Company issued a total of 700,000 options to subscribe for new ordinary shares in the Company under the Elecosoft 2014 Share Option Plan in the following amounts:

 
 Director/PDMR       Options Issued   Total Options Held 
                                       Post Issue 
 Serena Lang         250,000          500,000 
 Jonathan Hunter     250,000          600,000 
 Benjamin Moralee    100,000          250,000 
 Anders Karlsson     100,000          400,000 
 

The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2023 is at least higher or above 20% than EPS as per the Accounts for the year ended 31 December 2020.

The Options are exercisable at 100.4 pence and will expire on 23 February 2031.

Following the issue of the Options; (details of which are included in the disclosure notice at the end of this announcement).

The total number of options in issue post award is 2,940,000, representing approximately 3.5% of the Company's issued share capital.

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

 
For further information, please contact: 
Eleco plc                                 Tel: +44 (0)20 7422 8000 
Serena Lang, Executive Chairman 
Jonathan Hunter, Chief Executive Officer 
 Ben Moralee, Group Finance Director 
 
  finnCap Limited                           Tel: +44 (0)20 7220 0500 
Geoff Nash / Kate Bannatyne / (Nomad) 
Richard Chambers (ECM) 
 
  SEC Newgate                               Tel: +44 (0)20 3757 6880 
Elisabeth Cowell / Isabelle Smurfit       eleco@secnewgate.co.uk 
 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the UK, Sweden, Germany, Netherlands and the USA.

The Company's market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden and Germany, and its solutions include project management, estimating, timber engineering, CAD and visualisation, asset and facility management and cloud-based digital marketing solutions.

For further information please visit www.eleco.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                             Serena Lang - Executive Chairman 
                                        Jonathan Hunter - Chief Executive 
                                        Officer 
                                        Benjamin Moralee - Finance 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                             Eleco plc 
     -------------------------------  ------------------------------------- 
 b)   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 the               Options to subscribe for new 
       Financial instrument,            ordinary 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) 
                                        S Lang        100.2p     250,000 
                                        J Hunter      100.2p     250,000 
                                        B Moralee     100.2p     100,000 
                                        A Karlsson    100.2p     100,000 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          Share Options as described in 
                                        4c) 22 February 2021 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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February 23, 2021 02:00 ET (07:00 GMT)

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