Ebiquity plc
('Ebiquity' or the 'Company')
Director/PDMR dealing and grant of options
13th February 2018
Ebiquity has today awarded options over ordinary shares of 25 pence each in the share capital of the Company ("Ordinary Shares") to certain directors and PDMR's as detailed below. These relate to the period which commenced on 1st January 2016 and the period which commenced on 1st January 2017. Each option over an Ordinary Share has an exercise price of 25 pence.
The options will vest conditional on the satisfaction of performance criteria relating to the compound growth of the Company's diluted adjusted earnings per share ("EPS") over a five-year period, in accordance with the following: -
· EPS growth of 10% over the relevant performance period will vest the option in full
· EPS growth of 4% over the relevant performance period will vest one fifth of the grant
· None will vest if EPS growth over the relevant performance period is less than 4%
· Three-fifths will vest if EPS growth over the relevant performance period is 8%
· The share option will vest on a straight-line basis where EPS growth over the relevant performance period is between 4% and 8% or between 8% and 10%
One quarter of each award will vest at the earlier date of the 30th April following the initial three-year period if the total shareholder returns (TSR) of the Company are in the top quartile of the TSR of the AIM Media Index over the same period. TSR is measured on the average share price of the Company in the 20 trading days immediately following the preliminary announcement of results for the third financial year relative to the 20 trading days prior to 30th April of the first year. If this condition is not met, the total award will be capable of vesting according to EPS growth over the five-year period.
The individual grants are as follows: -
Recipient |
Job Title |
Number of shares subject to option |
Vesting Date |
Michael Karg |
Chief Executive Officer |
350,000 |
30th April 2021 |
Andy Noble |
Chief Financial Officer |
150,000 |
30th April 2021 |
Bill Bruno |
Managing Director, US |
85,000 |
30th April 2021 |
Dietmar Kruse |
Managing Principal, Media Measurement |
85,000 |
30th April 2021 |
Richard Basil-Jones |
Managing Director, APAC |
85,000 |
30th April 2021 |
Stephen Broderick |
CEO, FirmDecisions |
85,000 |
30th April 2021 |
Laetitia Zinetti |
Managing Principal, Media Management |
55,000 |
30th April 2021 |
Andrew Challier |
Chief Client Officer |
55,000 |
30th April 2021 |
Mauricio Barange |
Managing Director, Europe |
55,000 |
30th April 2021 |
Phil Bevan |
Chief Talent Officer |
55,000 |
30th April 2021 |
Michael Karg |
Chief Executive Officer |
350,000 |
30th April 2022 |
Andy Noble |
Chief Financial Officer |
150,000 |
30th April 2022 |
Bill Bruno |
Managing Director, US |
85,000 |
30th April 2022 |
Dietmar Kruse |
Managing Principal, Media Measurement |
85,000 |
30th April 2022 |
Richard Basil-Jones |
Managing Director, APAC |
85,000 |
30th April 2022 |
Stephen Broderick |
CEO, FirmDecisions |
85,000 |
30th April 2022 |
Laetitia Zinetti |
Managing Principal, Media Management |
85,000 |
30th April 2022 |
Andrew Challier |
Chief Client Officer |
85,000 |
30th April 2022 |
Mauricio Barange |
Managing Director, Europe |
85,000 |
30th April 2022 |
Phil Bevan |
Chief Talent Officer |
85,000 |
30th April 2022 |
Mark Sanford |
General Counsel/Company Secretary |
85,000 |
30th April 2022 |
Christian Polman |
Chief Strategy Officer |
85,000 |
30th April 2022 |
Dealing Notification Form
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Michael Karg |
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: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
700,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
700,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Andrew Noble |
2 |
Reason for the notification |
a) |
Position/status: |
Chief Financial Officer |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
300,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
300,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Bill Bruno |
2 |
Reason for the notification |
a) |
Position/status: |
Managing Director, US |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Dietmar Kruse |
2 |
Reason for the notification |
a) |
Position/status: |
Managing Principal, Media Measurement |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Richard Basil-Jones |
2 |
Reason for the notification |
a) |
Position/status: |
Managing Director, APAC |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
170,00 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Stephen Broderick |
2 |
Reason for the notification |
a) |
Position/status: |
CEO, FirmDecisions |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
170,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Laetitia Zinetti |
2 |
Reason for the notification |
a) |
Position/status: |
Managing Principal, Media Management |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Andrew Challier |
2 |
Reason for the notification |
a) |
Position/status: |
Chief Client Officer |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Mauricio Barange |
2 |
Reason for the notification |
a) |
Position/status: |
Managing Director, Europe |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Phil Bevan |
2 |
Reason for the notification |
a) |
Position/status: |
Chief Talent Officer |
b) |
Initial notification/Amendment: |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
140,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Mark Sanford |
|
Reason for the notification |
a) |
Position/status: |
General Counsel and Company Secretary |
b) |
Initial notification/Amendment: |
Initial notification |
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
|
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
85,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
85,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Christian Polman |
|
Reason for the notification |
a) |
Position/status: |
Chief Strategy Officer |
b) |
Initial notification/Amendment: |
Initial notification |
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Ebiquity plc |
b) |
LEI: |
2138004YRTDJ7FJSWF20 |
|
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 25p each |
b) |
Nature of the transaction: |
Grant of options with exercise price of 25p to purchase |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
N/A |
85,000 |
|
d) |
Aggregated information: · Aggregated volume: · Price: |
Price(s) |
Volume(s) |
N/A |
85,000 |
|
e) |
Date of the transaction: |
13 February 2018 |
f) |
Place of the transaction: |
N/A |
Enquiries: Ebiquity plc Michael Karg (CEO) Mark Sanford (Company Secretary) Instinctif Partners Matthew Smallwood Guy Scarborough |
020 7650 9600 020 7457 2020 |
Numis Securities Limited Nick Westlake Oliver Hardy (NOMAD) Toby Adcock (Corporate Broker) |
020 7260 1000 |
