Issue of share options

10 November 2017

 

Eagle Eye Solutions Group plc

("Eagle Eye", the "Group", or the "Company")

 

Issue of share options

 

Eagle Eye, the SaaS technology company that allows businesses to create a real-time connection with their customers. announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 9 November 2017 to the following Executive Directors and senior personnel of Eagle Eye, as follows:

 

Director/Senior Personnel	Role	Number of Ordinary Shares subject to option grant	Total number of Ordinary Shares under option post grant	% of existing issued share capital
Tim Mason	CEO	305,550	970,103	3.8%
Steve Rothwell	CTO	47,527	763,695	3.0%
Lucy Sharman-Munday	CFO	47,527	303,492	1.2%
Helen Slaven	CSO	47,527	254,837	1.0%
David Aylmer	COO	43,333	91,526	0.4%

 

These awards have been made under the Eagle Eye Solutions Plc Long Term Incentive Plan scheme. Each option has an exercise price of 1p per share.

Recognising the progress made by the Company under Tim Mason's guidance, the Remuneration Committee of the Company have awarded 221,679 options to him which vest in accordance with the previous year's Long Term Incentive Plan performance criteria, vesting between 30 June 2019 and 30 June 2020 subject to revenue performance criteria and a minimum share price performance hurdle of 106.0p, the Company's share price when the other options under the previous year's Long Term Incentive Plan were granted.

All other options above have been granted under the current year's Long Term Incentive Plan performance criteria, vesting between 30 June 2020 and 30 June 2021 subject to revenue performance criteria and also have a minimum share price performance hurdle, based on the Company's share price at the date of grant of 232.5p.

Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 28,541,676; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 11.0% of the fully diluted number of Ordinary Shares.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Tim Mason 2.   Steve Rothwell 3.   Lucy Sharman-Munday 4.   Helen Slaven 5.   David Aylmer
2	Reason for the notification
a)	Position/status	1.   Chief Executive Officer 2.   Chief Technology Officer 3.   Chief Financial Officer 4.   Chief Sales Officer 5.   Chief Operating Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eagle Eye Solutions Group plc
b)	LEI	2138002S1AIBVVMZ7A21
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   Identification code	Options over Ordinary shares of 1p each   GB00BKF1YD83
b)	Nature of transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   £0.01 exercise price per share 2.   £0.01 exercise price per share 3.   £0.01 exercise price per share 4.   £0.01 exercise price per share 5.   £0.01 exercise price per share	1.   305,550 2.   47,527 3.   47,527 4.   47,527 5.   43,333
	Aggregated information -      Aggregated volume -      Price	491,464 options £4,914.64 combined exercise price
e)	Date of the transaction	9 November 2017
f)	Place of the transaction	Outside of a trading venue

 

 

For further information, please contact:

Tim Mason, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer	Tel: 0844 824 3686
Investec (Nominated Advisor and Broker)
Corporate Finance: David Anderson / Sebastian Lawrence Tel: 020 7597 5970 Corporate Broking: Matt Lewis / Rob Baker   Hudson Sandler
Nick Lyon/Hattie O'Reilly	Tel: 020 7796 4133
Information on Eagle Eye www.eagleeye.com

 

Eagle Eye is a leading SaaS technology company that allows businesses to create a real-time connection with their customers.

 

The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offer and accelerate their innovation.

 

The Company's current customer base comprises leading names in UK grocery, retail and hospitality including John Lewis, Asda, J Sainsbury, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.