Share Options

Smartspace Software PLC

09 August 2023

 

9 August 2023

SmartSpace Software Plc

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

Grant of, amendment of, and cancellation and re-issue of, PDMR Share Options

SmartSpace Software Plc, (AIM:SMRT) the leading provider of 'Integrated Space Management Software' for smart buildings and commercial spaces, announces the grant of, amendment of, and cancellation and re-issue of, Share Options held by Frank Beechinor (Chief Executive Officer), Kristian Shaw (Chief Financial Officer), and Hadleigh Ford (SwipedOn Managing Director) as detailed in the tables below.

Cancelled and re-issued options

	Number of options cancelled	Strike price of cancelled options	Normal first vesting date of cancelled options	Number of options re-issued	Strike price of re-issued options	Normal first vesting date of re-issued options
Frank Beechinor	323,943	94.0 pence	17-Oct-2023	323,943	44.0 pence	9 August 2026
Frank Beechinor	100,000	92.0 pence	17-Oct-2023	100,000	44.0 pence	9 August 2026
Frank Beechinor	338,950	137.5 pence	22-Sep-2024	338,950	44.0 pence	9 August 2026
Kristian Shaw	50,000	92.5 pence	23-Oct-2023	50,000	44.0 pence	9 August 2026
Kristian Shaw	125,000	137.5 pence	22-Sep-2024	125,000	44.0 pence	9 August 2026

Amended options

	Number of options Amended	Strike price before amendment	Normal first vesting date before amendment	Revised strike price	Revised normal first vesting date
Hadleigh Ford	200,000	92.5 pence	23-Oct-2023	44.0 pence	9 August 2026

New options

	Number of options issued	Strike price of options	Normal first vesting date
Kristian Shaw	200,000	44.0 pence	9 August 2026
Hadleigh Ford	200,000	44.0 pence	9 August 2026

All new, amended, and re-issued options have an exercise price of 44.0 pence per Ordinary Share, will vest three years from the date of grant or amendment, and once vested, are exercisable at any time up to ten years after the date of first grant. The options do not carry any performance criteria aside from continuous employment and are subject to other customary terms and conditions.

Guy van Zwanenberg, Chairman of SmartSpace commented:

"Our remuneration strategy focuses on ensuring our key management are motivated to deliver growth and success for SmartSpace and its shareholders. With finite cash resources, rebasing and issuing new options allows us to combine reward for past performance with incentivisation for future growth, whilst not depleting the cash funds that will be used to drive the growth of the business."

Enquiries:

SmartSpace Plc Frank Beechinor (CEO) Kris Shaw (CFO) Lisa Baderoon (Head of Investor Relations) [e-mail]	via Lisa Baderoon [phone]
Canaccord Genuity Nomad and Broker Adam James Harry Rees	[phone]

About SmartSpace Software Plc:

SmartSpace Software Plc is a fast-growing SaaS-based technology business, designing and building smart software solutions. The Company's software solutions help transform employee engagement with modules which include visitor management, desk management, meeting room management and analytics.

The operating brands of the business comprise of:

·      SwipedOn - SaaS visitor management, desk booking (www.SwipedOn.com)

·      Space Connect - SaaS meeting room and desk booking (www.spaceconnect.co)

For more information go to: www.smartspaceplc.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	Frank Beechinor
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
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 Identification code	Ordinary Shares of 10p each ISIN: GB00BYWN0F98
b)	Nature of the transaction	Cancellation and re-issuance of share options over Ordinary Shares
c)	Price(s) and volume(s)	No. of options Exercise price 323,943 44.0 pence 100,000 44.0 pence 338,950 44.0 pence
d)	Aggregated information - Aggregated volume - Price	762,893 options re-issued at 44 pence exercise price
e)	Date of the transaction	9 August 2023
f)	Place of the transaction	Off market

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	Kristian Shaw
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
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 Identification code	Ordinary Shares of 10p each ISIN: GB00BYWN0F98
b)	Nature of the transaction	Cancellation and re-issuance, and new grant of share options over Ordinary Shares
c)	Price(s) and volume(s)	No. of options Exercise price 50,000 44.0 pence 125,000 44.0 pence 200,000 44.0 pence
d)	Aggregated information - Aggregated volume - Price	375,000 options re-issued at 44 pence exercise price
e)	Date of the transaction	9 August 2023
f)	Place of the transaction	Off market

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	Hadleigh Ford
2	Reason for the notification
a)	Position/status	SwipedOn Managing Director
b)	Initial notification /Amendment	Initial
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 Identification code	Ordinary Shares of 10p each ISIN: GB00BYWN0F98
b)	Nature of the transaction	New grant of share options over Ordinary Shares
c)	Price(s) and volume(s)	No. of options Exercise price 200,000 44.0 pence
d)	Aggregated information - Aggregated volume - Price	200,000 options issued at 44 pence exercise price
e)	Date of the transaction	9 August 2023
f)	Place of the transaction	Off market

 

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