Grant of Share Options

RNS Number : 7528T
Beeks Financial Cloud Group PLC
26 November 2021
 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Grant of Share Options

 

26 November 2021 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that on 26 November 2021 options over a total of 2,273,000 ordinary shares of £0.00125 in the Company ("Options") were granted under the Beeks Financial Cloud Employee Share Option Plan. An Option over 195,000 shares was awarded to Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities ("PDMR Options"). Options were also granted over 2,078,000 shares to certain employees of the Company, each of whom are not persons discharging managerial responsibilities ("Employee Options").

The PDMR Options vest after three years and the Employee Options vest over 2 years to 3 years from the date of grant with an exercise price of £0.00125, subject to challenging performance conditions being met.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fraser McDonald

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

Beeks Financial Cloud Group plc

 

b)

LEI

213800XD729OTYVOMR79

 

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

Ordinary shares of 0.00125 pence each

Identification code

GB00BZ0X8W18

 

b)

Nature of the Transaction

Award of Share Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

195,000

 

 

d)

Aggregated information

Aggregated volume Price

n/a

e)

Date of the transaction

26 November 2021

 

f)

Place of the transaction

Outside a trading venue

 

 

For further information please contact:

Beeks Financial Cloud Group plc


Gordon McArthur, CEO

via Alma PR

Fraser McDonald, CFO


Canaccord Genuity

+44 (0)20 7523 8000

Adam James / Patrick Dolaghan


Alma PR

+44(0)20 3405 0205

Caroline Forde / H ilary Buchanan / Joe Pederzolli


 

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics provider for financial services. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 19 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit:  www.beeksfinancialcloud.com

 

 

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