Veltyco Group PLC Grant of Options (2465K)

TIDMVLTY

RNS Number : 2465K

Veltyco Group PLC

05 July 2017

5 July 2017

Veltyco Group PLC

("Veltyco" or "the Company")

Grant of Options

Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that on 5 July 2017 options over 300,000 ordinary shares of zero par value (Ordinary Shares") were granted under the Company's Long Term Incentive Plan May 2016 (as amended) to each of David Mathewson, Marcel Noordeloos, Hans Dahlgren and Mark Rosman with an exercise price of 65p per share, being the closing bid price of the Ordinary Shares the day before the grant. The 1,200,000 options vest in equal instalments over 4 years following the expiry of one year from the date of grant. Any unexercised options lapse on the fifth anniversary of the date of grant.

This announcement contains inside information.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 
  1    Details of the persons discharging managerial 
        responsibilities 
---  ------------------------------------------------------------------ 
 a)   Name                            1. David Mathewson 
                                       2. Mark Rosman 
                                       3. Marcel Noordeloos 
                                       4. Hans Dahlgren 
---  -------------------------  --------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------ 
 a)   Position/status                 1. Chairman 
                                       2. Director 
                                       3. CFO 
                                       4. CTO 
---  -------------------------  --------------------------------------- 
 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             Options over Ordinary Shares 
       the financial              of no par value 
       instrument, type 
       of instrument 
---  -------------------------  --------------------------------------- 
     Identification              ISIN for Ordinary Shares: IM00BYT32K14 
      code 
---  -------------------------  --------------------------------------- 
 b)   Nature of the              Grant of options 
       transaction 
---  -------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)      Option      Volume(s) 
                                    Price(s) 
                                  ----------  ---------------- 
                                        65p         1. 300,000 
                                  ----------  ---------------- 
                                                    2. 300,000 
                                  ----------  ---------------- 
                                                    3. 300,000 
                                              ---------------- 
                                                    4. 300,000 
                                  ----------  ---------------- 
---  -------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         *    Options over 1,200,000 shares 
       - Price 
 
                                   *    65p per share (exercise price) 
---  -------------------------  --------------------------------------- 
 e)   Date of the transaction    5 July 2017 
---  -------------------------  --------------------------------------- 
 f)   Place of the transaction   Outside a trading venue. 
                                  Shares issued on exercise of 
                                  options to be admitted to trading 
                                  on AIM, London Stock Exchange 
---  -------------------------  --------------------------------------- 
 

For further information please contact:

 
                                [phone] 
 Veltyco                         5764 
 David Mathewson, Chairman 
  Marcel Noordeloos, CFO 
 Northland Capital Partners     [phone] 
  Limited                        6625 
 Tom Price 
  Edward Hutton 
  Margarita Mitropoulou 
                                [phone] 
 IFC Advisory (Financial PR)     8671 
 Graham Herring 
  Tim Metcalfe 
  Miles Nolan 
 

About Veltyco

Veltyco is a group of companies primarily focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry. 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

This information is provided by RNS

The company news service from the London Stock Exchange

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July 05, 2017 12:04 ET (16:04 GMT)