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Veltyco Group PLC (VLTY)

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Friday 15 February, 2019

Veltyco Group PLC

Grant of New Options and Amendment of Options

RNS Number : 0824Q
Veltyco Group PLC
15 February 2019
 

15 February 2019

Veltyco Group plc

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

Grant of New Options

Amendments to Terms of Existing Options

Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that, on 14 February 2019, it granted options over, in aggregate, 2,420,000 ordinary shares of zero par value ("Ordinary Shares") to the directors and certain employees of the Company (the "New Options"), pursuant to the Company's Long Term Incentive Plan - May 2016 (as amended) (the "2016 Plan").

The New Options have an exercise price of 15p per share, being the issue price of new Ordinary Shares issued pursuant to the placing announced by the Company on 30 January 2019.  Pursuant to the terms of the 2016 Plan, the New Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the New Options that remain unexercised on the fifth anniversary of the date of grant will lapse.  In light of the New Options being granted, Messrs Rosman and Noordeloos have agreed that the Company will cancel the 300,000 options granted to each of them on 5 July 2017.  The number of options held by directors is summarised in the table below:

Director

2016 Options*

New Options Granted

Total Options

Paul Duffen

-

1,000,000

1,000,000

Mark Rosman

400,000

550,000

950,000

Marcel Noordeloos

750,000

550,000

1,300,000

Rainer Lauffs

750,000

250,000

1,000,000

* - Options granted on 1 July 2016 pursuant to the terms of the 2016 Plan, with an exercise price of 25p per share.

In addition, 109,846 existing warrants that were granted by the Company on 5 October 2017, have had the terms amended, such that they will now be exercisable at a price of 15p per share.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

1

Details of the persons discharging managerial responsibilities

a)

Name

1.    Paul J Duffen

2.    Mark Rosman

3.    Marcel Noordeloos

4.    Rainer Lauffs

 

2

Reason for the notification

a)

Position/status

1.    Non-Executive Chairman

2.    Non-Executive Director

3.    Finance Director

4.    Director - Operating officer

b)

Initial notification /Amendment

Initial notification

3

Details  of  the  issuer

a)

Name

Veltyco Group plc

b)

LEI

2138007KWLZHV5I1A979

 

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

 

 

 

Options over Ordinary Shares of no par value

Identification code

ISIN for Ordinary Shares: IM00BYT32K14

 

b)

Nature of the transaction

Grant of options 

c)

Price(s) and volume(s)

Option Price(s)

Volume(s)

 

15p

1. 1,000,000

2.    550,000

3.    550,000

4.    250,000

 

d)

Aggregated information

- Aggregated volume 

- Price 

 

-     Options over 2,350,000 shares

-     15p per share (exercise price)

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue.

New Ordinary Shares issued on exercise of options will be admitted to trading on AIM, London Stock Exchange

 

For further information please contact:

 

Veltyco Group Plc                                                                           +44 (0)1624 605 764

Paul Duffen, Chairman

Marcel Noordeloos, Chief Financial Officer

 

Strand Hanson Limited (Nominated Adviser)                           +44 (0)20 7409 3494

James Harris / Richard Tulloch / James Dance

 

Whitman Howard Ltd (Broker)                                                    +44 (0)20 7659 1234

Nick Lovering / Christopher Furness

 

IFC Advisory (Financial PR & IR)                                                  +44 (0)20 3934 6630

Graham Herring / Miles Nolan / Zach Cohen

 

About Veltyco

Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands.  Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.

 

Website: www.veltyco.com

 

 


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