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Share Name Share Symbol Market Type Share ISIN Share Description
Getbusy Plc LSE:GETB London Ordinary Share GB00BG0TSD71 ORD 0.15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -1.48% 66.50 65.00 68.00 66.75 65.25 65.50 29,327 11:00:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 12.7 -1.2 -2.5 - 32

GetBusy PLC Grant of Options and PDMR Dealings

28/01/2020 7:01am

UK Regulatory (RNS & others)


Getbusy (LSE:GETB)
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From Dec 2019 to Jun 2020

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TIDMGETB

RNS Number : 0652B

GetBusy PLC

28 January 2020

28 January 2020

GetBusy plc

Grant of Options under Replacement Incentive Schemes and PDMR Dealings

GetBusy plc (AIM: GETB) ("GetBusy" or "the Company" or "the Group"), a developer of document management and communication software products, announces that, further to the approval by shareholders at the General Meeting on 7 January 2020, on 27 January 2020 it cancelled 4,452,326 existing options over ordinary shares in the Company and subsequently granted, in aggregate, 6,593,705 replacement options over ordinary shares in the Company to Daniel Rabie (Chief Executive Officer), Paul Haworth (Chief Financial Officer) and Ben Oliver (Chief Technology Officer), as detailed below.

The options have been granted under the Company's EMI Share Option Plan and Value Creation Plan (as defined in the circular ("Circular") to shareholders dated 19 December 2019, referred to together as the "Replacement Incentive Schemes"). The background to and rationale for the adoption of the Replacement Incentive Schemes and details thereon can be found in the Circular, which is available on the Company's website at www.getbusy.com/about/investors.

Cancellation of options under existing schemes

The table below shows the number of options that were surrendered by the participants and cancelled by the Company:

 
 Performance      Share price    Daniel Rabie   Paul Haworth   Ben Oliver 
  measurement      performance    (CEO)          (CFO)          (CTO) 
  date             condition 
 3 August 2020    37.7p          1,570,727      612,000        488,669 
                 -------------  -------------  -------------  ----------- 
 3 August 2021    41.4p          305,419        119,000        95,019 
                 -------------  -------------  -------------  ----------- 
 3 August 2022    45.6p          305,419        119,000        95,019 
                 -------------  -------------  -------------  ----------- 
 3 August 2022    84.9p          436,313        170,000        135,741 
                 -------------  -------------  -------------  ----------- 
 Total            -              2,617,878      1,020,000      814,448 
                 -------------  -------------  -------------  ----------- 
 

Issues of options under the Replacement Incentive Schemes

The table below shows the number of options that were granted under the Replacement Incentive Schemes:

 
                     Daniel Rabie   Paul Haworth   Ben Oliver (CTO) 
                      (CEO)          (CFO) 
 EMI Share Option 
  Plan               2,196,428      892,857        892,857 
                    -------------  -------------  ----------------- 
 Value Creation 
  Plan               1,828,094      522,313        261,156 
                    -------------  -------------  ----------------- 
 Total               4,024,522      1,415,170      1,154,013 
                    -------------  -------------  ----------------- 
 % of issued 
  share capital      8.23%          2.89%          2.36% 
                    -------------  -------------  ----------------- 
 

The options under the Replacement Incentive Schemes vest in accordance with the rules of the EMI Share Option Plan and the Value Creation Plan, both of which were summarised in the Appendix to the Circular, and collectively represent 13.48% of the issued share capital of the Company.

It should be noted that the rules of the EMI Share Option Plan and the Value Creation Plan both require that the total number of shares issued or issuable under the Group's incentive plans may not exceed 15% of the Company's ordinary share capital in any 10-year period.

The table below shows the resultant beneficial interests of Daniel Rabie, Paul Haworth and Ben Oliver in ordinary shares of the Company and in options over ordinary shares of the Company:

 
                     Daniel Rabie   Paul Haworth   Ben Oliver (CTO) 
                      (CEO)          (CFO) 
 Ordinary shares     1,570,789      70,000         30,824 
                    -------------  -------------  ----------------- 
 Options over 
  ordinary shares    4,024,522      1,415,170      1,154,013 
                    -------------  -------------  ----------------- 
 

Enquiries

GetBusy plc

investors@getbusy.com

Liberum Capital Limited (Nomad and Broker)

Bidhi Bhoma / Cameron Duncan +44 (0)20 3100 2000

About GetBusy

GetBusy is a global Document Management and Communication software business that provides highly secure forms of digital document distribution, workflows and client chat. 1.5 million users are now registered to share information through GetBusy's award-winning online client portals.

Further information on the Group is available at www.getbusy.com/about/investors

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Daniel Rabie 
      -----------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                      Chief Executive Officer 
      -----------------------------------  --------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                                 GetBusy plc 
      -----------------------------------  --------------------------------------- 
 b)    LEI                                  213800LAMARZB9AQJ376 
      -----------------------------------  --------------------------------------- 
 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                          Ordinary Shares of 0.15 pence 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       ISIN: GB00BG0TSD71 
        code 
 
 b)    Nature of the                        Cancellation of existing options 
        transaction 
      -----------------------------------  --------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            ------------------  ---------------- 
                                             Price(s)            Volume(s) 
                                            ------------------  ---------------- 
    N/A                                                          2,617,878 
   -----------------------------------------------------------  ---------------- 
 
 d)    Aggregated information               N/A 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the                          27 January 2020 
        transaction 
      -----------------------------------  --------------------------------------- 
 f)    Place of the                         Off-market 
        transaction 
      -----------------------------------  --------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Paul Haworth 
      -----------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                      Chief Financial Officer 
      -----------------------------------  --------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                                 GetBusy plc 
      -----------------------------------  --------------------------------------- 
 b)    LEI                                  213800LAMARZB9AQJ376 
      -----------------------------------  --------------------------------------- 
 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                          Ordinary Shares of 0.15 pence 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       ISIN: GB00BG0TSD71 
        code 
 
 b)    Nature of the                        Cancellation of existing options 
        transaction 
      -----------------------------------  --------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            ------------------  ---------------- 
                                             Price(s)            Volume(s) 
                                            ------------------  ---------------- 
    N/A                                                          1,020,000 
   -----------------------------------------------------------  ---------------- 
 
 d)    Aggregated information               N/A 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the                          27 January 2020 
        transaction 
      -----------------------------------  --------------------------------------- 
 f)    Place of the                         Off-market 
        transaction 
      -----------------------------------  --------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Ben Oliver 
      -----------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                      Chief Technical Officer 
      -----------------------------------  --------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                                 GetBusy plc 
      -----------------------------------  --------------------------------------- 
 b)    LEI                                  213800LAMARZB9AQJ376 
      -----------------------------------  --------------------------------------- 
 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                          Ordinary Shares of 0.15 pence 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       ISIN: GB00BG0TSD71 
        code 
 
 b)    Nature of the                        Cancellation of existing options 
        transaction 
      -----------------------------------  --------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            ------------------  ---------------- 
                                             Price(s)            Volume(s) 
                                            ------------------  ---------------- 
    N/A                                                          814,448 
   -----------------------------------------------------------  ---------------- 
 
 d)    Aggregated information               N/A 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the                          27 January 2020 
        transaction 
      -----------------------------------  --------------------------------------- 
 f)    Place of the                         Off-market 
        transaction 
      -----------------------------------  --------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Daniel Rabie 
      -----------------------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                      Chief Executive Officer 
      -----------------------------------  ----------------------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  ----------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------ 
 a)    Name                                 GetBusy plc 
      -----------------------------------  ----------------------------------------------------- 
 b)    LEI                                  213800LAMARZB9AQJ376 
      -----------------------------------  ----------------------------------------------------- 
 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                          Ordinary Shares of 0.15 pence 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       ISIN: GB00BG0TSD71 
        code 
 
 b)    Nature of the                        Grant of options under the Company's EMI Share 
        transaction                          Option Plan and Value Creation Plan 
      -----------------------------------  ----------------------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -------------------------  ----------------------- 
                                             Price(s)                   Volume(s) 
                                            -------------------------  ----------------------- 
    Nil                                                                 4,024,522 
   ------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information               N/A (single transaction) 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the                          27 January 2020 
        transaction 
      -----------------------------------  ----------------------------------------------------- 
 f)    Place of the                         Off-market 
        transaction 
      -----------------------------------  ----------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Paul Haworth 
      -----------------------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                      Chief Financial Officer 
      -----------------------------------  ----------------------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  ----------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------ 
 a)    Name                                 GetBusy plc 
      -----------------------------------  ----------------------------------------------------- 
 b)    LEI                                  213800LAMARZB9AQJ376 
      -----------------------------------  ----------------------------------------------------- 
 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                          Ordinary Shares of 0.15 pence 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       ISIN: GB00BG0TSD71 
        code 
 
 b)    Nature of the                        Grant of options under the Company's EMI Share 
        transaction                          Option Plan and Value Creation Plan 
      -----------------------------------  ----------------------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -------------------------  ----------------------- 
                                             Price(s)                   Volume(s) 
                                            -------------------------  ----------------------- 
    Nil                                                                 1,415,170 
   ------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information               N/A (single transaction) 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the                          27 January 2020 
        transaction 
      -----------------------------------  ----------------------------------------------------- 
 f)    Place of the                         Off-market 
        transaction 
      -----------------------------------  ----------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Ben Oliver 
      -----------------------------------  ----------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                      Chief Technical Officer 
      -----------------------------------  ----------------------------------------------------- 
 b)    Initial notification                 Initial 
        /Amendment 
      -----------------------------------  ----------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------ 
 a)    Name                                 GetBusy plc 
      -----------------------------------  ----------------------------------------------------- 
 b)    LEI                                  213800LAMARZB9AQJ376 
      -----------------------------------  ----------------------------------------------------- 
 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                          Ordinary Shares of 0.15 pence 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       ISIN: GB00BG0TSD71 
        code 
 
 b)    Nature of the                        Grant of options under the Company's EMI Share 
        transaction                          Option Plan and Value Creation Plan 
      -----------------------------------  ----------------------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -------------------------  ----------------------- 
                                             Price(s)                   Volume(s) 
                                            -------------------------  ----------------------- 
    Nil                                                                 1,154,013 
   ------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information               N/A (single transaction) 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the                          27 January 2020 
        transaction 
      -----------------------------------  ----------------------------------------------------- 
 f)    Place of the                         Off-market 
        transaction 
      -----------------------------------  ----------------------------------------------------- 
 

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.

END

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