IDOX PLC Grant of Options (6305V)

TIDMIDOX

RNS Number : 6305V

IDOX PLC

15 April 2021

15 April 2021

Idox plc

("Idox" or "the Company")

Grant of Options

ldox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset intensive sectors, announces that, on 15 April 2021, pursuant to the Company's Long Term Incentive Plan ('LTIP'), the Company granted nil-cost options over a total of 933,962 ordinary shares of 1 pence each ("Ordinary Shares") to David Meaden, Chief Executive Officer and 495,283 Ordinary Shares to Rob Grubb, Chief Financial Officer (the "Options"). The Options will ordinarily vest in thirds over the next three years, commencing 3 February 2022, subject to a minimum share price of 67.5 pence and the grantee's continued service, and are exercisable from date of vesting with the latest exercise date being 3 February 2031.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                             David Meaden 
    -------------------------------  ------------------------------------------ 
2   Reason for the notification 
    --------------------------------------------------------------------------- 
a)  Position/status                  CEO 
    -------------------------------  ------------------------------------------ 
b)  Initial notification /Amendment  Initial Notification 
    -------------------------------  ------------------------------------------ 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    --------------------------------------------------------------------------- 
a)  Name                             Idox plc 
    -------------------------------  ------------------------------------------ 
b)  LEI                              213800Z3FE6PWVSUGE70 
    -------------------------------  ------------------------------------------ 
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 financial     Ordinary shares of 1 pence each ("Ordinary 
     instrument, type of instrument   Shares") 
     Identification code 
                                      GB0002998192 
    -------------------------------  ------------------------------------------ 
b)  Nature of the transaction        Grant of Share Options over Ordinary 
                                      Shares 
    -------------------------------  ------------------------------------------ 
c)  Price(s) and volume(s)           Price(s) (Exercise price)   Volume(s) 
                                      Nil                         933,962 
    -------------------------------  ------------------------------------------ 
d)  Aggregated information 
     - Aggregated volume               933,962 
     - Price                           n/a 
    -------------------------------  ------------------------------------------ 
e)  Date of the transaction          15 April 2021 
    -------------------------------  ------------------------------------------ 
f)  Place of the transaction         Outside a trading venue 
    -------------------------------  ------------------------------------------ 
 
 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                             Robert Grubb 
    -------------------------------  ------------------------------------------ 
2   Reason for the notification 
    --------------------------------------------------------------------------- 
a)  Position/status                  CFO 
    -------------------------------  ------------------------------------------ 
b)  Initial notification /Amendment  Initial Notification 
    -------------------------------  ------------------------------------------ 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    --------------------------------------------------------------------------- 
a)  Name                             Idox plc 
    -------------------------------  ------------------------------------------ 
b)  LEI                              213800Z3FE6PWVSUGE70 
    -------------------------------  ------------------------------------------ 
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 financial     Ordinary shares of 1 pence each ("Ordinary 
     instrument, type of instrument   Shares") 
     Identification code 
                                      GB0002998192 
    -------------------------------  ------------------------------------------ 
b)  Nature of the transaction        Grant of Share Options over Ordinary 
                                      Shares 
    -------------------------------  ------------------------------------------ 
c)  Price(s) and volume(s)           Price(s) (Exercise price)   Volume(s) 
                                      Nil                         495,283 
    -------------------------------  ------------------------------------------ 
d)  Aggregated information 
     - Aggregated volume               495,283 
     - Price                           n/a 
    -------------------------------  ------------------------------------------ 
e)  Date of the transaction          15 April 2021 
    -------------------------------  ------------------------------------------ 
f)  Place of the transaction         Outside a trading venue 
    -------------------------------  ------------------------------------------ 
 

For further information please contact:

   Idox plc                                                              [phone] 

Chris Stone, Non-Executive Chairman

David Meaden, Chief Executive

Rob Grubb, Chief Financial Officer

   Peel Hunt LLP (NOMAD and Broker)              [phone] 

Edward Knight

Paul Gillam

Nick Prowting

   MHP Communications                                     + 44 (0) 203 128 8778 
   Reg Hoare                                                         [e-mail] 

James Bavister

Amy O'Sullivan

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April 15, 2021 08:41 ET (12:41 GMT)