Grant of LTIP Awards and Share Options

RNS Number : 7616P
Bigblu Broadband PLC
31 May 2018
 

 

Bigblu Broadband plc

("BBB" or the "Company")

 

 

 

Bigblu Broadband plc

("BBB" or the "Company")

 

Grant of LTIP Awards and Share Options

 

Bigblu Broadband plc (AIM: BBB), a leading provider of alternative fast broadband services, announces that on 30 May 2018, the Company granted nominal-cost options over a total of 1,891,561 ordinary shares under the Company's 2018 Long Term Incentive Plan ("LTIP") to Executive Directors, senior management and certain employees (representing 3.4% of the Company's current issued share capital).

 

LTIP awards

LTIP awards have made to the following Executive Directors and members of the senior management team and are subject to vesting criteria over a three-year period based on total shareholder return ("TSR") targets:

 

Name

Position

Number of LTIP awards

Andrew Walwyn

Chief Executive Officer

421,907

Frank Waters

Chief Financial Officer

338,968

Simon Clifton

Chief Technical Officer

329,953

Mark Anderson

Chief Operating Officer

183,908

Christopher Hunter

Chief Sales Officer

270,344

Johnny Robinson

Chief Marketing Officer

270,344

 

These awards will be based on a range of challenging absolute TSR targets and relative TSR targets based on a broad comparator group of companies in the AIM All Share index, over a three-year period.

 

Grant of options

In addition, the Board has approved the grant of 413,333 share options to employees both in the UK and overseas under the Company's 2015 Unapproved Option Scheme.  The options will vest 24 months from the date of grant (being 30 May 2018) and are subject to performance conditions including EBITDA and cash flow targets.

 

Contacts:

Bigblu Broadband Plc

www.bbb-plc.com

Andrew Walwyn, Chief Executive Officer

Via Walbrook PR

 

 

Numis Securities (Nomad and broker)

Tel: +44 (0)20 7260 1000

Oliver Hardy (Corporate Advisory)

 

James Black / Jonathan Abbott (Corporate Broking)

 

 

 

Walbrook PR (PR advisers)

Tel: +44 (0)20 7933 8780

Paul Cornelius / Nick Rome

or bigblubroadband@walbrookpr.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 responsibilities / person closely associated

 

a)

 

Name

 

 

Andrew Walwyn

Frank Waters

Simon Clifton

Mark Anderson

Christopher Hunter

Johnny Robinson

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Andrew Walwyn

Chief Executive Officer

Frank Waters

Chief Financial Officer

Simon Clifton

Chief Technical Officer

Mark Anderson

Chief Operating Officer

Christopher Hunter

Chief Sales Officer

Johnny Robinson

Chief Marketing Officer

 

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Bigblu Broadband Plc

b)

 

LEI

 

 

2138008P6X5EX455KU41

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

Nominal-cost options over ordinary shares of £0.15 each

 

 

Identification code

ISIN: GB00BD5JMP10

 

 

b)

 

Nature of the transaction

 

 

Grant of options under the LTIP

c.

Price(s) and volume(s)

Name(s)

Price(s)

Volumes(s)

Andrew Walwyn

£0.15 per share

421,907

Frank Waters

£0.15 per share

338,968

Simon Clifton

£0.15 per share

329,953

Mark Anderson

£0.15 per share

183,908

Christopher Hunter

£0.15 per share

270,344

Johnny Robinson

£0.15 per share

270,344

 

d)

 

Aggregated information:

 

 

 

- Aggregated volume

Options over 1,815,424 ordinary shares

 

 

- Price

Nil cost

 

 

e)

 

Date of the transaction

 

 

30 May 2018

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 


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