SpaceandPeople PLC Grant of Options (5540O)
02 Ottobre 2019 - 4:00PM
UK Regulatory
TIDMSAL
RNS Number : 5540O
SpaceandPeople PLC
02 October 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 of 100,000 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 Andrew Keiller, a
person discharging managerial responsibility in the Company.
The Options are exercisable at a price of 13.5 pence per share
being the closing share price on 30 September 2019 and vest no
earlier than 1 October 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.
As a result of this grant, Mr Keiller now holds options over a
total of 225,000 Ordinary Shares.
The total number of options now outstanding over Ordinary Shares
is 1,807,500 representing 9.26 per cent. of the Company's existing
issued share capital.
For further information, contact:
SpaceandPeople plc
Matthew Bending
Gregor Dunlay 0845 241 8215
Cantor Fitzgerald Europe
David Foreman / Will Goode (Corporate
Finance) 020 7894 7000
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 Andrew Keiller
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Client Services Director
-------------------------------- --------------------------------------
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 the Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00B058DS79
b) Nature of the transaction Purchase
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------- -----------
Nil paid exercise
price of 13.5
pence per share 100,000
------------------------------------------------------------ -----------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------------------------------------- ------------------
e) Date of the transaction 1 October 2019
-------------------------------- --------------------------------------
f) Place of the transaction Off market
-------------------------------- --------------------------------------
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END
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October 02, 2019 10:00 ET (14:00 GMT)
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