SpaceandPeople PLC Grant of Options (2604E)
02 Luglio 2019 - 5:28PM
UK Regulatory
TIDMSAL
RNS Number : 2604E
SpaceandPeople PLC
02 July 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
SpaceandPeople plc
("SpaceandPeople" or the "Company")
Grant of Options
SpaceandPeople (AIM: SAL) the retail, promotional and brand
experience specialist, announces that it has granted options over a
total 1,000,000 new ordinary shares of 1 pence each in the Company
("Ordinary Shares") under its existing share option scheme (the
"Options"). The Options have been granted to certain directors and
senior management of the Company as follows:
Name No. of Options
granted
Mathew Bending 300,000
Nancy Cullen 300,000
Gregor Dunlay 300,000
Various other employees 100,000
Total 1,000,000
The Options are exercisable at a price of 12 pence per share
being the average closing share price for the five days ended 28
June 2019 and vest no earlier than 1 July 2022. The Options expire
on the tenth anniversary of the date of grant.
The vesting of the Options is conditional on the continued
employment of the option holder as well as the satisfaction of
certain financial performance conditions, namely earnings per share
performance. The Options will vest in full should the Company
achieve an average basic EPS of 2p per annum over the three-year
vesting period; however, should a minimum average basic EPS of 0.5p
be achieved, 25 per cent of the Options will vest. Above an average
basic EPS of 0.5p, the number of Options that will vest will be
calculated on a straight-line basis between the minimum 25 per
cent. and maximum 100 per cent of the entitlement. No Options will
vest if the average basic EPS is below 0.5p.
Details of the directors' resultant holdings of Ordinary Shares
and options over Ordinary Shares are as follows:
Name Total No. of Options No. of Existing Ordinary
Shares
Mathew Bending 475,000 2,102,200
Nancy Cullen 475,000 1,333,000
Gregor Dunlay 475,000 10,000
The total number of options now outstanding over Ordinary Shares
is 1,707,500 representing 8.7 per cent. of the Company's existing
issued share capital.
For further information, contact:
SpaceandPeople plc 0845 241 8215
Matthew Bending
Gregor Dunlay
Cantor Fitzgerald Europe 020 7894 7000
David Foreman / Will Goode (Corporate Finance)
Person responsible:
The person responsible for arranging the release of this
announcement on behalf of SpaceandPeople is Gregor Dunlay.
About SpaceandPeople plc:
SpaceandPeople facilitates and manages promotional space for
marketing campaigns and retailing in shopping centres, railway
stations, retail parks, airports and other high footfall locations.
SpaceandPeople is at the forefront of developing the concept of
space as an advertising and promotional medium. It offers consumer
brands the opportunity to promote their products through direct
engagement with consumers through a mix of experiential marketing
events and complementary above the line advertising and multimedia
campaigns. SpaceandPeople offers a comprehensive service covering
brokerage, consultancy and venue centric media buying.
SpaceandPeople is independently funded and its shares are admitted
to trading on AIM. The Company operates in the UK and Germany and
also in India.
www.spaceandpeople.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCA") with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Bending
------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------- -----------------------------------------
b) Initial notification Initial Notification
/ Amendment
------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name SpaceandPeople plc
------------------------- -----------------------------------------
b) LEI 2138006IEIC47Y7PAQ04
------------------------- -----------------------------------------
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 Ordinary shares of 1 pence each
the financial
instrument, type ISIN: GB00B058DS79
of instrument
Identification
code:
------------------------- -----------------------------------------
b) Nature of the Grant of Options
transaction
------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil paid exercise
price of 12 pence
per share 300,000
----------
------------------------- -----------------------------------------
d) Aggregated information Price(s) Aggregated volume
(s)
N/A - single
transaction
------------------
------------------------- -----------------------------------------
e) Date of the transaction 1 July 2019
------------------------- -----------------------------------------
f) Place of the transaction Off market
------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--------------------------------------------------------------------
a) Name Nancy Cullen
------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------- -----------------------------------------
b) Initial notification Initial Notification
/ Amendment
------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name SpaceandPeople plc
------------------------- -----------------------------------------
b) LEI 2138006IEIC47Y7PAQ04
------------------------- -----------------------------------------
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 Ordinary shares of 1 pence each
the financial
instrument, type ISIN: GB00B058DS79
of instrument
Identification
code:
------------------------- -----------------------------------------
b) Nature of the Grant of Options
transaction
------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil paid exercise
price of 12 pence
per share 300,000
----------
------------------------- -----------------------------------------
d) Aggregated information Price(s) Aggregated volume
(s)
N/A - single
transaction
------------------
------------------------- -----------------------------------------
e) Date of the transaction 1 July 2019
------------------------- -----------------------------------------
f) Place of the transaction Off market
------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--------------------------------------------------------------------
a) Name Gregor Dunlay
------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- -----------------------------------------
b) Initial notification Initial Notification
/ Amendment
------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name SpaceandPeople plc
------------------------- -----------------------------------------
b) LEI 2138006IEIC47Y7PAQ04
------------------------- -----------------------------------------
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 Ordinary shares of 1 pence each
the financial
instrument, type ISIN: GB00B058DS79
of instrument
Identification
code:
------------------------- -----------------------------------------
b) Nature of the Grant of Options
transaction
------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil paid exercise
price of 12 pence
per share 300,000
----------
------------------------- -----------------------------------------
d) Aggregated information Price(s) Aggregated volume
(s)
N/A - single
transaction
------------------
------------------------- -----------------------------------------
e) Date of the transaction 1 July 2019
------------------------- -----------------------------------------
f) Place of the transaction Off market
------------------------- -----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHELLFBKDFLBBX
(END) Dow Jones Newswires
July 02, 2019 11:28 ET (15:28 GMT)
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