SysGroup PLC Grant of Options and Director/PDMR Disclosure (8167B)

TIDMSYS

RNS Number : 8167B

SysGroup PLC

06 April 2017

6 April 2017

SysGroup plc

("SysGroup" or the "Company" or the "Group")

Grant of Options and Director/PDMR Disclosure

SysGroup plc (AIM: SYS), the managed services and cloud integrator, announces that it has awarded options over a total of 125,000 ordinary shares of 1p each in the Company ("Options") to Julian Llewellyn, Chief Financial Officer. The Options were granted on Mr Llewellyn's appointment to the Board, being today 6 April 2017.

The Options were granted under an EMI Option Contract and at an exercise price of 47.5p per share (being the mid-market closing price yesterday, 5 April 2016). The Options will vest two years from the grant date or earlier on an exit event subject to Mr Llewellyn remaining employed by the Group.

Following the grant of the options Julian Llewellyn holds options over 125,000 Ordinary Shares. Julian Llewellyn does not currently hold any Ordinary Shares in the Company.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provide 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                      Julian David Llewellyn 
---  ------------------------  ----------------------------- 
 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                      SysGroup Plc 
---  ------------------------  ----------------------------- 
 b)   LEI                       213800D18GPZZJR9SH55 
---  ------------------------  ----------------------------- 
 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            Options over Ordinary Shares 
       the financial 
       instrument, type 
       of instrument             ISIN: GB00BYT18182 
 
       Identification 
       code 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Grant of EMI options 
       transaction 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   GBP0.475    125,000 
                                  ----------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated               N/a 
       volume 
 
 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   06 April 2017 
---  ------------------------  ----------------------------- 
 f)   Place of the              N/a 
       transaction 
---  ------------------------  ----------------------------- 
 
 
 For further information please 
  contact: 
                                      Tel: [phone] 
  SysGroup plc 
  Chris Evans, CEO 
  Julian Llewellyn, CFO 
 Shore Capital (Nomad and Broker)   Tel: [phone] 
  Bidhi Bhoma / Edward Mansfield 
 Alma PR (Financial PR)             Tel: [phone] 
  Josh Royston / Hilary Buchanan 
  / Helena Bogle 
 

About SysGroup

SysGroup is a leading provider of Cloud Hosting, Managed Services and expert IT Consultancy. The Group delivers solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities. The SysGroup team focuses on a customer's strategic and operational requirements - enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.

The Group has offices in Liverpool, Coventry, London and East Sussex.

For more information, visit http://www.sysgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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April 06, 2017 09:00 ET (13:00 GMT)