Grant of Options to Non-Executive Directors

RNS Number : 5096I

ECSC Group PLC

22 March 2018

 

22 March 2018

ECSC Group plc

("ECSC" or the "Company")

Grant of Options to Non-Executive Directors

ECSC Group plc (AIM: ECSC), a cyber security services provider, is pleased to announce the following:

Non-Executive Director Remuneration

On 13 October 2017, ECSC announced that it had agreed to alter the payment of service fees to its three Non-Executive Directors from monthly cash payments to the issue of nil exercise price share options, effective from 1 October 2017.

On 10 January 2018, ECSC announced that it had agreed to return the payment of service fees to its three Non-Executive Directors from the issue of nil exercise price share options to monthly cash payments, effective from 1 January 2018.

For the period from 1 October 2017 to 1 January 2018, the Non-Executive Directors were collectively allocated options over 20,836 ordinary shares under this scheme. Within this total, Nigel Payne was allocated 8,014 options, Stephen Vaughan was allocated 6,411 options and David Mathewson was allocated 6,411 options.

The Company announces that it has today granted these share options, in the amounts stated above, to each of the Non-Executive Directors, representing approximately 0.23% of the issued share capital of the Company.

These options are granted in lieu of cash payments and are not performance based. Therefore, there are no performance conditions attaching to the grant of these options and there is no minimum holding period.

Enquiries:

ECSC Group plc Ian Mann (Chief Executive Officer) Stephen Hammell (Chief Financial Officer) www.ecsc.co.uk	[phone]
Stockdale Securities (NOMAD and Broker)	[phone]
Robert Finlay Hanan Lee

Notes to Editors

ECSC is a proven provider of cyber security services with a blue-chip client base that offers a comprehensive range of solutions.

The Company has over 16 years' experience in the design, implementation and management of cyber security solutions. ECSC's consultancy-led approach, and its combination of custom methodologies and in-house proprietary technologies, enables the Company to provide individually tailored services to its clients. The Company has significant intellectual property, including bespoke products delivering remotely managed cyber security services and custom-made internal support and delivery systems.

The Company floated on AIM in December 2016 to accelerate its growth strategy and to take advantage of the importance attached to cyber security by company boards as a result of the recent proliferation of high profile cyber security breaches.

 

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