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MAIS Maistro Plc

0.20
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Maistro Plc LSE:MAIS London Ordinary Share GB00B8DX2616 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.20 0.15 0.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Maistro PLC Surrender and Grant of Share Options (2434U)

28/03/2019 7:00am

UK Regulatory


Maistro (LSE:MAIS)
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From Apr 2019 to Apr 2024

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TIDMMAIS

RNS Number : 2434U

Maistro PLC

28 March 2019

Maistro plc

(the "Company")

Surrender and Grant of Share Options

The Company announces that, following approval by the Company's Remuneration Committee, certain share options in issue have been surrendered and new share options granted with an exercise price of GBP0.0125 in order to align incentivisation with current share price levels.

The table below sets out the impact of the surrender and grant of share options to PDMRs:

 
                  No of share   Date of grant      Previous        No of new    exercise 
                      options                      exercise    share options       price 
                  surrendered                         price          granted 
 Laurence 
  Cook              4,412,785      20/09/2017    GBP0.04375        9,213,174   GBP0.0125 
                      562,500      12/12/2017    GBP0.06500 
                -------------  --------------  ------------  ---------------  ---------- 
 Ian Cleverly       1,770,928      19/04/2018    GBP0.04000        3,071,057   GBP0.0125 
                -------------  --------------  ------------  ---------------  ---------- 
 Mark O'Shea           70,000      15/10/2015    GBP0.30000        2,939,387   GBP0.0125 
                       35,000      18/12/2015    GBP0.18000 
                      750,000      20/09/2017    GBP0.04375 
                      840,000      12/12/2017    GBP0.06500 
                -------------  --------------  ------------  ---------------  ---------- 
 

The number of outstanding share options in the Company held by the above PDMRs totals 16,758,342 (including 1,534,724 share options granted to Ian Cleverly in January 2019 which have not been surrendered), representing 4.18% of the Company's issued share capital. The vesting period and performance condition of the above options remains unchanged.

For the avoidance of doubt, options granted to David Rowe at the time of the August 2017 placing which form part of his incentive-based remuneration package are excluded from the above table.

Enquiries:

 
 Maistro plc 
 David Rowe (Chairman)                  +44 (0)800 048 8664 
 Laurence Cook 
 
 N+1 Singer (Nominated Adviser and 
  Broker)                               +44 (0)20 7496 3000 
 Shaun Dobson/James White (Corporate 
  Finance) 
 Tom Salvesen/Mia Gardner (Corporate 
  Broking) 
 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Laurence Cook 
     ------------------------------------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Executive Officer 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Maistro plc 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   LEI                                                           213800TX3CITOTF2SE60 
     ------------------------------------------------------------  --------------------------------------------------- 
 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 instrument, type of instrument   Share options over ordinary shares of 1 penny each 
 
                                                                     ISIN for ordinary shares GB00B8DX2616 
       Identification code 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   Nature of the transaction                                     Surrender of 4,975,285 share options 
                                                                     Grant of new share options for nil consideration 
     ------------------------------------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                                        Exercise Price(s)   Volume(s) 
                                                                     GBP0.0125 each      9,213,174 
     ------------------------------------------------------------  --------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                    n/a - single transaction 
       -  Price 
     ------------------------------------------------------------  --------------------------------------------------- 
 e)   Date of the transaction                                       26 March 2019 
     ------------------------------------------------------------  --------------------------------------------------- 
 f)   Place of the transaction                                      Outside of a trading venue 
     ------------------------------------------------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Ian Cleverly 
     ------------------------------------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Financial Officer 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Maistro plc 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   LEI                                                           213800TX3CITOTF2SE60 
     ------------------------------------------------------------  --------------------------------------------------- 
 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 instrument, type of instrument   Share options over ordinary shares of 1 penny each 
 
                                                                     ISIN for ordinary shares GB00B8DX2616 
       Identification code 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   Nature of the transaction                                     Surrender of 1,770,928 share options 
                                                                     Grant of new share options for nil consideration 
     ------------------------------------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                                        Exercise Price(s)   Volume(s) 
                                                                     GBP0.0125 each      3,071,057 
     ------------------------------------------------------------  --------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                    n/a - single transaction 
       -  Price 
     ------------------------------------------------------------  --------------------------------------------------- 
 e)   Date of the transaction                                       26 March 2019 
     ------------------------------------------------------------  --------------------------------------------------- 
 f)   Place of the transaction                                      Outside of a trading venue 
     ------------------------------------------------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Mark O'Shea 
     ------------------------------------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Technical Officer (PDMR) 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Maistro plc 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   LEI                                                           213800TX3CITOTF2SE60 
     ------------------------------------------------------------  --------------------------------------------------- 
 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 instrument, type of instrument   Share options over ordinary shares of 1 penny each 
 
                                                                     ISIN for ordinary shares GB00B8DX2616 
       Identification code 
     ------------------------------------------------------------  --------------------------------------------------- 
 b)   Nature of the transaction                                     Surrender of 1,695,000 share options 
                                                                     Grant of new share options for nil consideration 
     ------------------------------------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)   Volume(s) 
                                                                      GBP0.0125 each      2,939,387 
     ------------------------------------------------------------  --------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                    n/a - single transaction 
       -  Price 
     ------------------------------------------------------------  --------------------------------------------------- 
 e)   Date of the transaction                                       26 March 2019 
     ------------------------------------------------------------  --------------------------------------------------- 
 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.

END

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March 28, 2019 03:00 ET (07:00 GMT)

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