ULS Technology PLC Grant of Options (6315P)

TIDMULS

RNS Number : 6315P

ULS Technology PLC

19 February 2021

ULS Technology plc

(The "Group", or the "Company")

Grant of Options

ULS Technology plc (AIM:ULS), the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announces that on 18 February 2021 it granted a total of 675,000 options to subscribe for new ordinary shares of 0.4p each in the Company to Jesper With-Fogstrup, the Group's Chief Executive Officer, pursuant to the terms of the Company's EMI Share Option Scheme.

All the options have an exercise price of 86.0p, being the closing mid-price on 17 February 2021, and become exercisable three years from the date of grant and are subject to various performance conditions.

The grant to Jesper and his resultant holding is shown in the table below:

 
                                            Resulting interest in the Company 
                                     ---------------------------------------------- 
                     No. of options 
                      granted over                      Holding      No. of options 
                      Ordinary        No. of Ordinary    as a % of    over Ordinary 
 Name                 Shares           Shares            ISC          Shares 
------------------  ---------------  ----------------  -----------  --------------- 
 Jesper 
  With - Fogstrup    675,000                   25,000      0.04             675,000 
------------------  ---------------  ----------------  -----------  --------------- 
 

Enquiries:

 
  ULS Technology plc                                               Via Walbrook PR 
  Jesper With-Fogstrup , Chief Executive 
   Officer 
  John Williams, Chief Financial Officer 
 
  Numis Securities Limited (Nomad & Broker)                     Tel: [phone] 
  Stuart Skinner / William Wickham 
 
  Walbrook PR Limited                          [e-mail] or Tel: 020 
                                                                         7933 8780 
  Tom Cooper 
  Nick Rome 
  Nicholas Johnson 
 
 

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                          Jesper With-Fogstrup 
      ----------------------------  ----------------------------------- 
 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                          ULS Technology plc 
      ----------------------------  ----------------------------------- 
 b)    LEI                           213800TDUOUSIQT2OT29 
      ----------------------------  ----------------------------------- 
 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            0.4p Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code           ISIN: GB00BNG8T458 
 
 b)    Nature of the transaction     Grant of options to acquire shares 
      ----------------------------  ----------------------------------- 
 c.    Price(s) and volume(s)         Exercise Price(s)    Volumes(s) 
                                       86 p per 
                                        share               675,000 
                                                           ----------- 
      ----------------------------  ----------------------------------- 
 d)    Aggregated information: 
 
  - Aggregated volume                675,000 
 
  - Total Exercise Price             GBP580,500 
 
 e)    Date of the transaction       18 February 2021 
      ----------------------------  ----------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  ----------------------------------- 
 

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February 19, 2021 02:00 ET (07:00 GMT)