Veltyco Group PLC Grant of New Options and Amendment of Options (0824Q)

TIDMVLTY

RNS Number : 0824Q

Veltyco Group PLC

15 February 2019

15 February 2019

Veltyco Group plc

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

Grant of New Options

Amendments to Terms of Existing Options

Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that, on 14 February 2019, it granted options over, in aggregate, 2,420,000 ordinary shares of zero par value ("Ordinary Shares") to the directors and certain employees of the Company (the "New Options"), pursuant to the Company's Long Term Incentive Plan - May 2016 (as amended) (the "2016 Plan").

The New Options have an exercise price of 15p per share, being the issue price of new Ordinary Shares issued pursuant to the placing announced by the Company on 30 January 2019. Pursuant to the terms of the 2016 Plan, the New Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the New Options that remain unexercised on the fifth anniversary of the date of grant will lapse. In light of the New Options being granted, Messrs Rosman and Noordeloos have agreed that the Company will cancel the 300,000 options granted to each of them on 5 July 2017. The number of options held by directors is summarised in the table below:

 
 Director             2016 Options*   New Options   Total Options 
                                          Granted 
 Paul Duffen                      -     1,000,000       1,000,000 
                     --------------  ------------  -------------- 
 Mark Rosman                400,000       550,000         950,000 
                     --------------  ------------  -------------- 
 Marcel Noordeloos          750,000       550,000       1,300,000 
                     --------------  ------------  -------------- 
 Rainer Lauffs              750,000       250,000       1,000,000 
                     --------------  ------------  -------------- 
 

* - Options granted on 1 July 2016 pursuant to the terms of the 2016 Plan, with an exercise price of 25p per share.

In addition, 109,846 existing warrants that were granted by the Company on 5 October 2017, have had the terms amended, such that they will now be exercisable at a price of 15p per share.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 
  1    Details of the persons discharging managerial responsibilities 
 a)   Name                             1. Paul J Duffen 
                                        2. Mark Rosman 
                                        3. Marcel Noordeloos 
                                        4. Rainer Lauffs 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  1. Non-Executive Chairman 
                                        2. Non-Executive Director 
                                        3. Finance Director 
                                        4. Director - Operating officer 
     --------------------------  ---------------------------------------- 
 b)   Initial notification             Initial notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3     Details of the issuer 
     -------------------------------------------------------------------- 
 a)   Name                             Veltyco Group plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                              2138007KWLZHV5I1A979 
     --------------------------  ---------------------------------------- 
 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          Options over Ordinary Shares of no par 
       financial instrument,       value 
       type of instrument 
     --------------------------  ---------------------------------------- 
     Identification code          ISIN for Ordinary Shares: IM00BYT32K14 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Grant of options 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)   Volume(s) 
                                         15p               1. 1,000,000 
                                                     ------------------ 
                                                            2. 550,000 
                                                     ------------------ 
                                                            3. 550,000 
                                                     ------------------ 
                                                            4. 250,000 
                                                     ------------------ 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          *    Options over 2,350,000 shares 
       - Price 
 
                                    *    15p per share (exercise price) 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     15 February 2019 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue. 
                                   New Ordinary Shares issued on exercise 
                                   of options will be admitted to trading 
                                   on AIM, London Stock Exchange 
     --------------------------  ---------------------------------------- 
 

For further information please contact:

Veltyco Group Plc [phone]

Paul Duffen, Chairman

Marcel Noordeloos, Chief Financial Officer

   Strand Hanson Limited (Nominated Adviser)                           [phone] 

James Harris / Richard Tulloch / James Dance

   Whitman Howard Ltd (Broker)                                                    [phone] 

Nick Lovering / Christopher Furness

IFC Advisory (Financial PR & IR) [phone]

Graham Herring / Miles Nolan / Zach Cohen

About Veltyco

Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.

Website: www.veltyco.com

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February 15, 2019 02:01 ET (07:01 GMT)