ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Grant of Options / Director Shareholding
Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that Matthew Jeffs, CEO of the Company, was granted 127,516 options over ordinary shares in the Company ("Ordinary Shares") on 23 December 2016 at an exercise price of 12.5 pence, which, due to an administrative oversight was not announced at the relevant time.
The options have been granted as part of Mr. Jeffs original, pre-agreed, remuneration package at the time of his appointment on 23 April 2013, when he was eligible to be awarded a total of 367,516 options at the prevailing market price at the time, being 12.5 pence per share. The outstanding balance of share options, which have been awarded on the same pre- agreed terms, will vest and may be exercised between 1 September 2017 and 31 August 2021 and were subject to certain performance criteria being met. Following this option grant Mr. Jeffs has a total of 367,516 options over Ordinary Shares.
Enquiries:
Arcontech Group plc |
020 7256 2300 |
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director Michael Levy - Group Finance Director and Company Secretary |
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finnCap Ltd (Nomad & Broker) |
020 7220 0500 |
Carl Holmes/Simon Hicks |
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To access more information on the Group please visit: www.arcontech.com
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) |
Names |
Matthew Jeffs |
2. |
Reason for the Notification |
a) |
Position/status |
Chief Executive Officer |
b) |
Initial notification/ Amendment |
Initial Notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
ARCONTECH GROUP PLC |
b) |
LEI |
n/a |
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 Financial instrument, type of instrument |
In each case, the grant of Options over Ordinary Shares on 23 December 2016 |
Identification code |
GB00BDBBJZ03 |
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares |
c) |
Price(s) and volume(s) |
Vesting Price: 12.5 pence Volume: 127,516 |
d) |
Aggregated information: · Aggregated volume · Price |
n/a |
e) |
Date of the transaction |
23 December 2016 |
f) |
Place of the transaction |
Outside a trading venue |
