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MIRI Mirriad Advertising Plc

1.825
0.075 (4.29%)
Last Updated: 11:00:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mirriad Advertising Plc LSE:MIRI London Ordinary Share GB00BF52QY14 ORD GBP0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.075 4.29% 1.825 1.75 1.90 1.825 1.75 1.75 1,138,482 11:00:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 1.51M -15.1M -0.0309 -0.59 8.91M

Mirriad Advertising PLC Long Term Incentive Plan (3172Z)

16/05/2019 3:48pm

UK Regulatory


Mirriad Advertising (LSE:MIRI)
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TIDMMIRI

RNS Number : 3172Z

Mirriad Advertising PLC

16 May 2019

Mirriad Advertising plc

long term incentive plan

16 May 2019

Mirriad Advertising plc

("Mirriad" or the "Group")

Long Term Incentive Plan

Mirriad Advertising plc, the established computer vision and AI platform company, announces grants of market priced options under its Long Term Incentive Plan ("LTIP") set up as part of its IPO in December 2017 to two new senior team members.

The LTIP was established to incentivise management to increase shareholder value over the long term. The Remuneration Committee is keen to ensure that remuneration for the Company's senior team will be effective and fair and motivate them to deliver success for the Company, its shareholders and employees.

The following awards have been granted:

 
 Director/PDMR       Role                 Share Options 
 Niteen Prajapati    CTO                  330,000 
                    -------------------  -------------- 
                     EVP Brand & Sales 
 Mark Melvin          Partnerships US     390,000 
                    -------------------  -------------- 
 

The options vest in three equal installments on the first, second and third anniversaries of the date of grant with an exercise price of 6.25 pence which is equal to the market value, determined by reference to the closing price (as derived from the London Stock Exchange Daily Official List) on the day before grant.

Both are recently appointed and hold no other share options in the Company.

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
  (a)   Full name of person Dealing                Niteen Prajapati 
       -----------------------------------------  ------------------------------------------ 
 2.     Reason for notification 
       ------------------------------------------------------------------------------------- 
  (b)   Position/status                            CTO 
       -----------------------------------------  ------------------------------------------ 
  (c)   Initial notification/ Amendment            Initial notification 
       -----------------------------------------  ------------------------------------------ 
 3.     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------------- 
  (d)   Name of entity                             Mirriad Advertising 
                                                    plc 
       -----------------------------------------  ------------------------------------------ 
  (e)   LEI                                        213800ZKOK9GIME7HE62 
       -----------------------------------------  ------------------------------------------ 
 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,   Options over ordinary 
         type of instrument                         shares in the Company 
       -----------------------------------------  ------------------------------------------ 
  (b)   Identification code                        GB00BF52QY14 
       -----------------------------------------  ------------------------------------------ 
  (c)   Nature of the transaction                  Grant of options over 
                                                    ordinary shares 
       -----------------------------------------  ------------------------------------------ 
  (d)   Price(s) and volume(s)                       Prices(s)    Volume(s) 
                                                     6.25 pence     330,000 
       -----------------------------------------  ------------------------------------------ 
  (e)   Aggregated information:                    Single transaction 
         - Aggregated volume                        as in 4(d) above  Prices(s)    Volume(s) 
         - Price                                     6.25 pence     330,000 
                                                                  ---------- 
       -----------------------------------------  ------------------------------------------ 
  (f)   Date of transaction                        16 May 2019 
       -----------------------------------------  ------------------------------------------ 
  (g)   Place of transaction                       Outside a trading venue 
       -----------------------------------------  ------------------------------------------ 
 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
  (a)   Full name of person Dealing                Mark Melvin 
       -----------------------------------------  --------------------------------------- 
 2.     Reason for notification 
       ---------------------------------------------------------------------------------- 
  (a)   Position/status                            EVP Brand & Sales Partnerships 
                                                    US 
       -----------------------------------------  --------------------------------------- 
  (b)   Initial notification/ Amendment            Initial notification 
       -----------------------------------------  --------------------------------------- 
 3.     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------------- 
  (a)   Name of entity                             Mirriad Advertising 
                                                    plc 
       -----------------------------------------  --------------------------------------- 
  (b)   LEI                                        213800ZKOK9GIME7HE62 
       -----------------------------------------  --------------------------------------- 
 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,   Options over ordinary 
         type of instrument                         shares in the Company 
       -----------------------------------------  --------------------------------------- 
  (b)   Identification code                        GB00BF52QY14 
       -----------------------------------------  --------------------------------------- 
  (c)   Nature of the transaction                  Grant of options over 
                                                    ordinary shares 
       -----------------------------------------  --------------------------------------- 
  (d)   Price(s) and volume(s)                       Prices(s)    Volume(s) 
                                                     6.25 pence     390,000 
                                                                  ---------- 
       -----------------------------------------  --------------------------------------- 
  (e)   Aggregated information:                    Single transaction as 
         - Aggregated volume                        in 4(d) above  Prices(s)    Volume(s) 
         - Price                                     6.25 pence     390,000 
                                                                  ---------- 
       -----------------------------------------  --------------------------------------- 
  (f)   Date of transaction                        16 May 2019 
       -----------------------------------------  --------------------------------------- 
  (g)   Place of transaction                       Outside a trading venue 
       -----------------------------------------  --------------------------------------- 
 
 
 Mirriad Advertising plc              Tel: +44 (0)207 884 2530 
  Stephan Beringer, Chief Executive 
  Officer 
  David Dorans, Chief Financial 
  Officer 
 Numis Securities Limited             Tel: +44 (0) 207 260 1000 
  (Nominated Adviser & Broker) 
  Nick Westlake 
  James Black 
  Hugo Rubinstein 
 Financial Communications: 
  Charlotte Street Partners 
  Andrew Wilson                         Tel: +44 (0) 7810 636995 
  Tom Gillingham                        Tel: +44 (0) 7741 659021 
 

Notes to Editors

About Mirriad

Mirriad is an established computer vision and AI-powered platform company, built on Academy Award-winning entertainment tech, with 29 patents and patents pending. Using sophisticated technologies, Mirriad connects people with brands, through seamless ad insertions in popular linear and digital content. Advertisers can now reach very large target audiences in a contextually relevant way without interrupting the viewing experience.

Research has consistently shown in-video advertising to be highly effective for the marketer and preferred by audiences on TV, online, and mobile.

Mirriad is headquartered in London, with offices in New York, Paris, Munich, Mumbai, and Shanghai.

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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May 16, 2019 10:48 ET (14:48 GMT)

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