Grant of Share Options

RNS Number : 7390I

Beeks Financial Cloud Group PLC

06 December 2022

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Grant of Share Options

06 December 2022 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that on 2 December 2021 options over a total of 1,549,000 ordinary shares of £0.00125 in the Company ("Options") were granted under the Beeks Financial Cloud Employee Share Option Plan. An Option over 70,000 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 1,479,000 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 70,000
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	2 December 2022
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	[phone]
Adam James / Patrick Dolaghan
Alma PR	[phone]
Caroline Forde / H ilary Buchanan / Joe Pederzolli

About Beeks

Beeks is a leading managed cloud computing, connectivity and analytics provider for Capital Markets and financial services. Our vision is simple: Build. Connect. Analyse.

With a growing international network of data centres, Beeks provides end to end outsourcing of compute environments by delivering low-latency compute, connectivity and analytics, on-demand. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure.

ISO 27001 certified, Beeks supports its global customers at scale exclusively within global capital markets and leading financial centres.

beeksgroup.com

 

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