Information  X 
Enter a valid email address

Draper Esprit PLC (GROW)

  Print      Mail a friend

Wednesday 27 November, 2019

Draper Esprit PLC

Director/PDMR Shareholding

RNS Number : 8993U
Draper Esprit PLC
27 November 2019
 

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

 

Grant of Options to a Person Discharging Managerial Responsibility ("PDMR")

 

Draper Esprit PLC (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, announces that options (the "Options") over a total of 200,000 ordinary shares with a nominal value of 1 pence each in the share capital of the Company ("Ordinary Shares") have been awarded to the recently appointed CEO of Draper Esprit and PDMR of the Company, Martin Davis, pursuant to the Company Share Option Plan ("CSOP"), as set out below.

 

The Options have an exercise price of 467p (based on the mid closing price on the day of the award of the options and the day of announcement of the interim results), a performance condition of an 8% per annum share price hurdle and a vesting period of 3 years.

 

After the grant of these Options, the PDMR will have the following Ordinary Shares and Options:

PDMR

Options awarded

Total Options

Ordinary Shares

Martin Davis

200,000

200,000

0

 

The notification set out in the Annex below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such purchase.

ANNEX

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Martin Davis

 

2

Reason for the notification

 

a)

Position / status

CEO

 

b)

Initial notification / amendment

Initial notification

 

3

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

 

a)

Name

Draper Esprit PLC

 

b)

LEI

 

213800IPCR3SAYJWSW10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

 

a)

Description of financial instrument,

type of instrument

Options in respect of the CSOP over ordinary shares of 1p each


Identification Code

 

GB00BY7QYJ50

b)

Nature of the transaction

Issue of options

 

c)

Price(s) and volume(s)

 

200,000 options with an exercise price of 467p pence

d)

Aggregated information

-      Aggregated volume

-      Price

 

n/a

e)

Date of the transaction

 

26 November 2019

f)

Place of the transaction

 

London

 

 Enquiries

Draper Esprit plc

Martin Davis (Chief Executive Officer)

Ben Wilkinson (Chief Financial Officer)

 

+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Richard Thomas

Jamie Loughborough

+44 (0)20 7260 1000

Goodbody Stockbrokers

Euronext Growth Adviser & Joint Broker

Don Harrington

Charlotte Craigie

Dearbhla Gallagher

+44 (0) 20 3841 6202

Powerscourt

Public relations

James White

Elly Williamson

Jessica Hodgson

 

 

+44 (0)20 7250 1446

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHFEIFIWFUSEIF

a d v e r t i s e m e n t