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SAL Spaceandpeople Plc

80.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spaceandpeople Plc LSE:SAL London Ordinary Share GB00BPQDJM21 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 80.00 75.00 85.00 80.00 80.00 80.00 58 08:00:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 5.53M -1.71M -0.8781 -0.91 1.56M

SpaceandPeople PLC Grant of Options (8885A)

29/03/2017 10:52am

UK Regulatory


Spaceandpeople (LSE:SAL)
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TIDMSAL

RNS Number : 8885A

SpaceandPeople PLC

29 March 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

SpaceandPeople plc

("SpaceandPeople" or the "Company")

Grant of Options

SpaceandPeople (AIM: SAL) the retail, promotional and brand experience specialist, announces that it has granted options over a total 400,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under its existing share option scheme (the "Options"). The Options have been granted to certain directors and senior management of the Company as follows:

 
 Name                       No. of Options granted 
-------------------------  ----------------------- 
 Mathew Bending                             75,000 
-------------------------  ----------------------- 
 Nancy Cullen                               75,000 
-------------------------  ----------------------- 
 Gregor Dunlay                              75,000 
-------------------------  ----------------------- 
 Various other employees                   175,000 
-------------------------  ----------------------- 
 Total                                     400,000 
-------------------------  ----------------------- 
 

The Options are exercisable at a price of 22 pence per share being the closing share price on 27 March 2017 and vest no earlier than 29 March 2020. The Options expire on the tenth anniversary of the date of grant.

The vesting of the Options is conditional on the continued employment of the option holder as well as the satisfaction of certain financial performance conditions, namely Earnings Per Share growth and Total Shareholder Returns growth. The Options will vest in full should the Company achieve EPS growth and TSR growth of 10 per cent. per annum over the three year vesting period; however, should a minimum of 5 per cent growth be achieved, 50 per cent. of the Options will vest. Above 5 per cent. growth, the number of Options that will vest will be calculated on a straight line basis between the minimum 50 per cent. and maximum 100 per cent. of the entitlement, whilst no Options will vest if growth is below 5 per cent. for the year.

Details of the directors' resultant holdings of Ordinary Shares and options over Ordinary Shares are as follows:

 
 Name              Total No. of   No. of Existing Ordinary 
                        Options                     Shares 
----------------  -------------  ------------------------- 
 Mathew Bending         395,000                  2,102,200 
----------------  -------------  ------------------------- 
 Nancy Cullen           395,000                  1,333,000 
----------------  -------------  ------------------------- 
 Gregor Dunlay          395,000                     10,000 
----------------  -------------  ------------------------- 
 

The total number of options now outstanding over Ordinary Shares is 1,934,735 representing 9.9 per cent of the Company's existing issued share capital.

For further information, contact:

 
SpaceandPeople plc                      0845 241 8215 
Matthew Bending 
 Gregor Dunlay 
Cantor Fitzgerald Europe                020 7894 7000 
David Foreman / Will Goode (Corporate 
 Finance) 
 David Banks (Corporate Broking) 
 

About SpaceandPeople plc

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                        Matthew Bending 
---  ---------------------  --------------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
---  ---------------------  --------------------------------------------- 
 b)   Initial notification   Initial Notification 
       / Amendment 
---  ---------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                          SpaceandPeople plc 
---  ---------------------  --------------------------------------------- 
 b)   LEI                           N/A 
---  ---------------------  --------------------------------------------- 
 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 1 pence 
       of the financial        each 
       instrument, 
       type of instrument      ISIN: GB00B058DS79 
 
       Identification 
       code: 
---  ---------------------  --------------------------------------------- 
 b)   Nature of              Grant of Options 
       the transaction 
---  ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)                        Volume(s) 
       volume(s)               ------------------------------  ---------- 
                                           Nil paid exercise 
                                            price of 22 
                                            pence per share     75,000 
                               ------------------------------  ---------- 
---  ---------------------  --------------------------------------------- 
 d)   Aggregated                    Price(s)       Aggregated 
       information                                   volume (s) 
                                    -------------  ------------ 
                                     N/A - single 
                                      transaction 
                                    -------------  ------------ 
---  ---------------------  --------------------------------------------- 
 e)   Date of the            29 March 2017 
       transaction 
---  ---------------------  --------------------------------------------- 
 f)   Place of the           Off market 
       transaction 
---  ---------------------  --------------------------------------------- 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                        Nancy Cullen 
---  ---------------------  --------------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------- 
 a)   Position/status             Chief Operating Officer 
---  ---------------------  --------------------------------------------- 
 b)   Initial notification   Initial Notification 
       / Amendment 
---  ---------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                          SpaceandPeople plc 
---  ---------------------  --------------------------------------------- 
 b)   LEI                           N/A 
---  ---------------------  --------------------------------------------- 
 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 1 pence 
       of the financial        each 
       instrument, 
       type of instrument      ISIN: GB00B058DS79 
 
       Identification 
       code: 
---  ---------------------  --------------------------------------------- 
 b)   Nature of              Grant of Options 
       the transaction 
---  ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)                        Volume(s) 
       volume(s)               ------------------------------  ---------- 
                                           Nil paid exercise 
                                            price of 22 
                                            pence per share     75,000 
                               ------------------------------  ---------- 
---  ---------------------  --------------------------------------------- 
 d)   Aggregated                    Price(s)       Aggregated 
       information                                   volume (s) 
                                    -------------  ------------ 
                                     N/A - single 
                                      transaction 
                                    -------------  ------------ 
---  ---------------------  --------------------------------------------- 
 e)   Date of the            29 March 2017 
       transaction 
---  ---------------------  --------------------------------------------- 
 f)   Place of the           Off market 
       transaction 
---  ---------------------  --------------------------------------------- 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                        Gregor Dunlay 
---  ---------------------  --------------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
---  ---------------------  --------------------------------------------- 
 b)   Initial notification   Initial Notification 
       / Amendment 
---  ---------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                          SpaceandPeople plc 
---  ---------------------  --------------------------------------------- 
 b)   LEI                           N/A 
---  ---------------------  --------------------------------------------- 
 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 1 pence 
       of the financial        each 
       instrument, 
       type of instrument      ISIN: GB00B058DS79 
 
       Identification 
       code: 
---  ---------------------  --------------------------------------------- 
 b)   Nature of              Grant of Options 
       the transaction 
---  ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)                        Volume(s) 
       volume(s)               ------------------------------  ---------- 
                                           Nil paid exercise 
                                            price of 22 
                                            pence per share     75,000 
                               ------------------------------  ---------- 
---  ---------------------  --------------------------------------------- 
 d)   Aggregated                    Price(s)       Aggregated 
       information                                   volume (s) 
                                    -------------  ------------ 
                                     N/A - single 
                                      transaction 
                                    -------------  ------------ 
---  ---------------------  --------------------------------------------- 
 e)   Date of the            29 March 2017 
       transaction 
---  ---------------------  --------------------------------------------- 
 f)   Place of the           Off market 
       transaction 
---  ---------------------  --------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLIFEAVIIAFID

(END) Dow Jones Newswires

March 29, 2017 05:52 ET (09:52 GMT)

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