Grant of EMI Options

RNS Number : 5431W
Smartspace Software PLC
01 August 2018
 

 

1 August 2018

SmartSpace Software Plc

("SmartSpace" or the "Company" or the "Group")

 

 

Grant of EMI Share Options

 

 

SmartSpace Software Plc (formerly RedstoneConnect plc) announces that on 31 July 2018 it granted EMI options ("Options") over a total of 466,500 ordinary shares of 10 pence in the Company ("Ordinary Shares") to 58 employees ("Employee Options"). 100,000 of these Options have been granted to two employees who are also persons discharging managerial responsibilities (the "PDMRs Options").

 

The Employee Options have an exercise price of 101.25p per share (being the closing mid-market share price on 30 July 2018, the latest possible date prior to the date of grant), vest three years from the date of grant and once vested are exercisable at any time up to ten years after the date of grant, subject to performance conditions ensuring the employees remains in continuous employment within the Group for a three year period.

 

The PDMR Options have an exercise price of 101.25p per share (being the closing mid-market share price on 30 July 2018, the latest possible date prior to the date of grant) and are subject to performance conditions whereby the average mid-market closing share price of the Company's Ordinary Shares in any 90 day period in the period to 30 July 2021 is at or above certain defined levels, as follows:

 

Share price at or above:

Cumulative

% vesting

 


150p

15%

250p

31%

350p

54%

450p

77%

500p

100%

 

The PDMR Options have been granted to individuals PDMRs under the EMI scheme as follows:

 

Name of PDMR

Role

No. of Options granted

Total Options over Ordinary Shares now held

Keith Jump

Chief Technology Officer

50,000

50,000

Steven Jump

Chief Revenue Officer

50,000

50,000

 

 

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 

 

Enquiries

SmartSpace Software Plc

Guy van Zwanenberg (Chairman)

Frank Beechinor (CEO)

 

via Vigo Communications

Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker)

Marc Milmo / Catherine Leftley

 

+44 (0)20 7894 7000

Whitman Howard Limited (Joint Broker)

Nick Lovering

 

+44 (0)207 659 1234

Vigo Communications (Financial Public Relations)

Jeremy Garcia / Antonia Pollock / Ben Simons

reds@vigocomms.com

+44 (0)20 7390 0230

 

About SmartSpace Software Plc

 

SmartSpace Software, designs and builds software to help people work smarter worldwide. The company's pioneering software solutions in workspace, retail and hospitality transform businesses today. The current software offering consists of modules which include desk management, wayfinding, car parking, visitor management, frictionless vending and space management.

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Keith Jump

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

 

 

Initial notification /Amendment

 

 

Initial notification

3

 

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

 

a)

 

Name

 

 

Smartspace Software Plc

b)

 

LEI

 

 

213800IQXZ3XYCMH6U90

 

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

Grant of share options over Ordinary Shares of 10p each



Identification code

ISIN: GB00BYWN0F98

 



b)

 

Nature of the transaction

 

 

Grant of share options over Ordinary Shares

 

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)

101.25

50,000



d)

 

Aggregated information

n/a



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

31 July 2018

f)

 

Place of the transaction

 

 

Off market

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Steven Black

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

 

 

Initial notification /Amendment

 

 

Initial notification

3

 

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

 

a)

 

Name

 

 

Smartspace Software Plc

b)

 

LEI

 

 

213800IQXZ3XYCMH6U90

 

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

Grant of share options over Ordinary Shares of 10p each



Identification code

ISIN: GB00BYWN0F98

 



b)

 

Nature of the transaction

 

 

Grant of share options over Ordinary Shares

 

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)

101.25

50,000



d)

 

Aggregated information

n/a



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

31 July 2018

f)

 

Place of the transaction

 

 

Off market

 


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