SysGroup PLC Grants under the Long Term Incentive Plan (6061F)
16 Luglio 2019 - 8:00AM
UK Regulatory
TIDMSYS
RNS Number : 6061F
SysGroup PLC
16 July 2019
16 July 2019
SysGroup plc
("SysGroup" or the "Group")
Grants under the Long Term Incentive Plan
SysGroup plc (AIM:SYS), the multi award-winning managed IT
services and cloud hosting provider, announces the grant of 250,000
and 150,000 performance shares with an exercise price of GBP0.01
(the "Awards") under the 2018 Long Term Incentive Plan ("LTIP") to
Adam Binks, Chief Executive Officer and Martin Audcent, Chief
Financial Officer respectively.
The LTIP was established in June 2018 to incentivise management
to deliver long-term value creation for shareholders and ensure
alignment with shareholder interests. The Awards are subject to the
same performance conditions as those set out in the announcement of
29 June 2018 and 50 per cent. of the Awards will vest following the
announcement of the Group's financial results for the financial
year ending 31 March 2022, with the residual 50 per cent. vesting
following the announcement of the Group's financial results for the
year ending 31 March 2023.
The Award represents 0.81% of the current issued share capital
of the Company.
The Award is also subject to continued employment, malus and
clawback provisions and will vest in full on a takeover of the
Company.
For further information please contact:
SysGroup plc Tel: 0151 559 1777
Adam Binks, CEO
Martin Audcent, CFO
Shore Capital (Nomad and Broker) Tel: 020 7408 4090
Edward Mansfield / Anita Ghanekar / Daniel Bush
Alma PR (Financial PR) Tel: 020 3405 0205
Josh Royston / Hillary Buchanan / Helena Bogle
About SysGroup
SysGroup is a leading provider of Managed IT Services, Cloud
Hosting, and expert IT Consultancy. The Group delivers solutions
that enable clients to understand and benefit from industry leading
technologies and advanced hosting capabilities. SysGroup focuses on
a customer's strategic and operational requirements - enabling
clients to free up resources, grow their core business and avoid
the distractions and complexity of delivering IT services.
The Group has offices in Liverpool, Coventry, London, Telford,
Newport & Bristol
For more information, visit www.sysgroupplc.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 responsibility
a) Name Mr Adam Binks
-------------------------- ---------------------------------------
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 SysGroup plc
-------------------------- ---------------------------------------
b) LEI 213800D18GPZZJR9SH55
-------------------------- ---------------------------------------
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 Ordinary shares of 1p each in SysGroup
financial instrument, plc
type of instrument
Identification code GB00BYT18182
-------------------------- ---------------------------------------
b) Nature of the transaction Grant of LTIP performance shares
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 250,000
----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 16 July 2019
-------------------------- ---------------------------------------
f) Place of the transaction N/A
-------------------------- ---------------------------------------
1) Details of the person discharging managerial responsibility
a) Name Mr Martin Audcent
-------------------------- ---------------------------------------
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 SysGroup plc
-------------------------- ---------------------------------------
b) LEI 213800D18GPZZJR9SH55
-------------------------- ---------------------------------------
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 Ordinary shares of 1p each in SysGroup
financial instrument, plc
type of instrument
Identification code GB00BYT18182
-------------------------- ---------------------------------------
b) Nature of the transaction Grant of LTIP performance shares
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 150,000
----------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 16 July 2019
-------------------------- ---------------------------------------
f) Place of the transaction N/A
-------------------------- ---------------------------------------
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
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END
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