Utilitywise plc Director / PDMR Dealings (5596P)

TIDMUTW

RNS Number : 5596P

Utilitywise plc

19 February 2016

Utilitywise plc

("Utilitywise" or the "Company")

Director / PDMR Dealings - Award of LTIP Options

Utilitywise plc (AIM: UTW), the leading independent utility cost management consultancy, announces that awards ("Awards") over ordinary shares of 0.1 pence in the capital of the Company ("Shares") were made on

18 February 2016 to Directors of the Company under the Utilitywise Long Term Incentive Plan ("LTIP") as follows:

 
 Director                           Number of Shares 
                                         under award 
---------------------------------  ----------------- 
 Steven Attwell - Managing 
  Director, Enterprise Division              125,000 
---------------------------------  ----------------- 
 Jon Kempster - Chief Financial 
  Officer                                    200,000 
---------------------------------  ----------------- 
 Brin Sheridan - Chief Operating 
  Officer                                    250,000 
---------------------------------  ----------------- 
 

The awards are structured as nominal cost options with an exercise price of 0.1 pence per share.

Vesting of the Awards is subject to the satisfaction of earnings per share and cash flow performance conditions assessed over a three-year measurement period.

The Awards will normally vest on the later of the third anniversary of the grant and the determination of the performance conditions, and then will normally remain exercisable to their vested extent until the day before the fifth anniversary of the date of grant, provided the individual remains an employee or officer of the Company.

On vesting the Awards may be satisfied by newly issued Shares, subject to the share plan dilution limits, and/or by existing Shares.

Mr Kempster also holds 350,000 LTIP options awarded in 2015 with an exercise price of 268 pence, and 7,860 Sharesave options with an exercise price of 229 pence under the 2014 grant.

Neither Mr Attwell nor Mr Sheridan holds any other share options.

The Company was notified of the above transactions on 18 February 2016.

For further information please contact:

 
 Utilitywise PLC                         0330 303 0233 
 Geoff Thompson (CEO) 
 Jon Kempster (CFO) 
 
 finnCap (NOMAD and broker)              020 7220 0500 
 Matt Goode/ Grant Bergman (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
  Liberum (Joint broker)                   020 3100 2000 
 Robert Morton/ Steve Pearce 
 Redleaf Communications                  020 7382 4730 
 Rebecca Sanders-Hewett/ David 
  Ison/ Susie Hudson 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in North Tyneside. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has c. 28,500 UK & I customers.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 19, 2016 03:01 ET (08:01 GMT)