IDOX PLC Option Awards (2145T)

TIDMIDOX

RNS Number : 2145T

IDOX PLC

18 March 2019

Idox plc

("Idox" or "the Group")

Option Awards

Idox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, is pleased to announce a Long Term Incentive Award.

On 18 March, pursuant to the Company's Long Term Incentive Plan ('LTIP') the Company granted nil-cost options over a total of 1,000,000 Ordinary Shares to Rob Grubb, Chief Financial Officer. The share awards under the LTIP will ordinarily vest in three years' time subject to the minimum share price being 45 pence and the grantee's continued service and are exercisable for 7 years thereafter with the latest exercise date being 18 March 2029.

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                             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        (i) Grant of Share Options 
    -------------------------------  ------------------------------------------ 
c)  Price(s) and volume(s)           Price(s) (Exercise price)   Volume(s) 
                                      Nil                         1,000,000 
    -------------------------------  ------------------------------------------ 
d)  Aggregated information 
     - Aggregated volume 
     - Price                           n/a 
    -------------------------------  ------------------------------------------ 
e)  Date of the transaction          18 March 2019 
    -------------------------------  ------------------------------------------ 
f)  Place of the transaction         London Stock Exchange (AIM) 
    -------------------------------  ------------------------------------------ 
 

Enquiries:

Idox plc

[phone]

Chris Stone, Non-Executive Chairman

David Meaden, Chief Executive

Rob Grubb, Chief Financial Officer

N+1 Singer (NOMAD and Broker) [phone]

Shaun Dobson / Jen Boorer

Tom Salvesen (Corporate Broking)

About Idox plc

For more information see www.idoxplc.com @Idoxgroup

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March 18, 2019 13:16 ET (17:16 GMT)