Historic Grants of Options

RNS Announcement

RNS Number : 9580A

Maestrano Group PLC

07 June 2021

7 June 2021

Maestrano Group PLC ("Maestrano" or the "Company")

Historic Grants of Options

Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics (the "Company" or "Maestrano"), announces the grants of options under the Company's Enterprise Management Incentive Plan, to certain directors and PDMRs which were not notified at the time of grant.

All options were granted with an exercise price at the closing price of Maestrano shares on the day prior to the grant and form part of standard remuneration packages, save in respect of certain grants to Non-executive Directors detailed further below. All options remain unexercised.

Date of grant	Name	Position	Options	Exercise price	Vesting period
01.07.19	Jonathan Macleod	Non-executive Director	300,000	1.3p	Over 2 years, in equal parts per annum
01.07.19	Jonathan Macleod	Non-executive Director	1,111,111	1.3p	Over 2 years, in equal parts per annum
01.07.19	John Davis	Non-executive Director	300,000	1.3p	Over 2 years, in equal parts per annum
01.07.19	John Davis	Non-executive Director	1,111,111	1.3p	Over 2 years, in equal parts per annum
01.07.19	Andrew Pearson**	Previous Director	1,760,000	1.3p	Over 3 years, in equal parts per annum
13.03.20	Nick McInnes	Non-executive Director	500,000	2p	Over 2 years, in equal parts per annum
13.03.20	Robert Lojszczyk	Director	300,000	2p	Over 2 years, in equal parts per annum
21.04.20	Andrew Pearson**	Previous Director	612,500	2.2p	1 year
21.04.20	Nicholas Smith *	Director	490,000	2.2p	1 year
21.04.20	Aaron Hoye *	PDMR	490,000	2.2p	1 year
21.04.20	Ashley Cox *	PDMR	490,000	2.2p	1 year

* Exercise conditions: (i) Maestrano Group PLC total revenue at least £1,000,000 for the year ending 30 June 2021, and (ii) that the optionholder is not a member of any concert party at the time of exercise.

** Andrew Pearson was a director at the time of the above grants and has subsequently left the Company.

Related Party Transactions

The grants of options to each of Jonathan MacLeod and John Davis have been identified as related party transactions under Rule 13 of the AIM Rules, however, were not identified as such at the time and accordingly the then Nominated Adviser was not consulted. The Directors of the Company, excluding Messrs. MacLeod and Davis, consider that, having consulted with the Company's current Nominated Adviser, the terms of those option grants are fair and reasonable insofar as its Shareholders are concerned.

Enquiries:

Maestrano Group plc

Ian Buddery, Chairman c/o Arden Partners

Nick Smith, CEO c/o Arden Partners

Arden Partners (Broker / Nominated Adviser)

Ruari McGirr / Richard Johnson / Akhil Shah +44 (0)20 7614 5900

About Maestrano

Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.

Further information on the Company is available at: www.maestrano.com

Notifications of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan MacLeod
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	1,411,111

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	01.07.19
f)	Place of the transaction	Off Exchange

a)	Name	John Davis
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	1,411,111

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	01.07.19
f)	Place of the transaction	Off Exchange

a)	Name	Andrew Pearson
2	Reason for the notification
a)	Position/status	Previous Executive Director (resigned w.e.f. 11.01.21)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	1,760,000

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	01.07.19
f)	Place of the transaction	Off Exchange

a)	Name	Nick McInnes
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	500,000

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	13.03.20
f)	Place of the transaction	Off Exchange

a)	Name	Robert Lojszczyk
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	300,000

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	13.03.20
f)	Place of the transaction	Off Exchange

Name	Andrew Pearson
Reason for the notification
Position/status	Previous Executive Director (resigned w.e.f. 11.01.21)
Initial notification /Amendment	Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Maestrano Group plc
LEI	213800ZUBMOCVHSSJC14
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
Description of the financial instrument, type of instrument Identification code	Ordinary shares of 1p ISIN: GB00BYZQM590
Nature of the transaction	Grant of options
Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	612,500

Aggregated information	N/A - single transaction
Date of the transaction	21.04.20
Place of the transaction	Off Exchange

a)	Name	Nicholas Smith
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	490,000

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	21.04.20
f)	Place of the transaction	Off Exchange

a)	Name	Aaron Hoye
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	490,000

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	21.04.20
f)	Place of the transaction	Off Exchange

a)	Name	Ashley Cox
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Maestrano Group plc
b)	LEI	213800ZUBMOCVHSSJC14
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	Ordinary shares of 1p ISIN: GB00BYZQM590
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	490,000

d)	Aggregated information	N/A - single transaction
e)	Date of the transaction	21.04.20
f)	Place of the transaction	Off Exchange

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RNS metadata

Title: Historic Grants of Options
Time: 07:00:13
Date: 7 Jun 2021
Category: Director/PDMR dealings
ID: 9580A

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