Information  X 
Enter a valid email address

ECSC Group PLC (ECSC)

  Print      Mail a friend

Monday 24 August, 2020

ECSC Group PLC

Cancellation and Grant of options

RNS Number : 8917W
ECSC Group PLC
24 August 2020
 

24 August 2020

ECSC Group plc

('ECSC', the 'Company' or the 'Group')

Cancellation and Grant of options

ECSC (AIM: ECSC), the provider of cyber security services, announces that on 21 August 2020, the Company cancelled options over 588,037 new ordinary shares in the Company ("Ordinary Shares") in respect of the following directors, persons discharging managerial responsibilities ("PDMRs") and employees of the Company:

 

Name

Position

Number of options over Ordinary Shares cancelled

Lucy Sharp

Chief Operating Officer

144,758

Ian Castle

Chief Technology Officer

103,602

Gemma Basharan

Chief Financial Officer

64,651

Paul Lambsdown

PDMR

48,952

Clare MacDonald

PDMR

48,952

Liz Knight

PDMR

20,000

n/a

Other employees

157,122

 

Following the above cancellation of options over Ordinary Shares, on 21 August 2020, the Company also granted options ("New Options") over 588,037 new Ordinary Shares to the same directors, PDMRs and Company employees:

 

Name 

Position

Number of New Options granted

Total number of options held as at today's date

Lucy Sharp

Chief Operating Officer

144,758

144,758

Ian Castle

Chief Technology Officer

103,602

103,602

Gemma Basharan

Chief Financial Officer

64,651

64,651

Paul Lambsdown

PDMR

48,952

48,952

Clare MacDonald

PDMR

48,952

48,952

Liz Knight

PDMR

20,000

20,000

n/a

Other employees

157,122

157,122

 

The New Options are being granted pursuant to the Company's Enterprise Management Incentive Share Option Scheme (EMI Scheme) and have an exercise price of 65p per Ordinary Share, being the Company's closing mid-market share price on the date of grant. The New Options may vest and become exercisable at any time over a ten-year period from the date of grant subject to the Company's closing mid-market share price exceeding 167p per Ordinary Share for 10 consecutive business days.

 

Following the above cancellation and grant of options over Ordinary Shares, the Company has 794,448 options in issue over Ordinary Shares, representing 7.9% per cent. of the Company's issued share capital and voting rights.

 

The FCA notifications in respect of the above cancellation and grant of options over Ordinary Shares, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

 

ECSC Group plc  (including press enquiries)
David Mathewson, Non-Executive Chairman
Ian Mann, Chief Executive Officer

 

 

+44 (0) 1274 736 223

Allenby Capital Limited  (Nominated Adviser and Broker)
David Hart/Asha Chotai (Corporate Finance)
Tony Quirke (Sales)

For more information please visit the following:  https://investor.ecsc.co.uk/

 

+44 (0) 203 3285 656

 

Notes to Editors

 

AIM listed ECSC Group plc, is the UK's longest running, full service cyber security provider.  Its consultancy-led approach, in addition to its custom methodologies and in-house proprietary technologies, enables ECSC to support all organisations across every sector.  ECSC has significant intellectual property, including Artificial Intelligence delivering remotely managed cyber security breach detection.

 

Established in 2000, ECSC operates from two Security Operations Centres (SOCs), one in the UK, based in Yorkshire and the second in Brisbane, Australia allowing ECSC to provide true 24/7/365 cyber security monitoring, detection and incident response.  ECSC also helps organisations test their cyber security, prevent breaches and achieve industry certifications.

 

The senior management team has over 80 years combined experience within the Company, and has delivered consecutive organic growth for the last 20 years. 

 

ECSC's client list ranges from e-commerce start-ups to global organisations, and the Company counts 10% of the FTSE 100 amongst its clients. 

 

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

Lucy Sharp

Chief Operating Officer

Ian Castle

Chief Technology Officer

Gemma Basharan

Chief Financial Officer

Paul Lambsdown

PDMR

Clare MacDonald

PDMR

Liz Knight

PDMR

2

Reason for the notification

a)

Position/status

See above

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

ECSC Group plc

b)

LEI

213800CG9B473DGJDC94

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

Options over Ordinary shares of 0.1p each in ECSC Group plc 

Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99

b)

Nature of the transaction

Cancellation of options over ordinary shares of 0.1p each in the Company

 

c)

Price(s) and volume(s)

Director / PDMR

No. of options cancelled

Exercise price

Lucy Sharp

144,758

Between 78p and 167p

Ian Castle

103,602

Between 78p and 167p

Gemma Basharan

64,651

Between 78p and 167p

Paul Lambsdown

48,952

Between 78p and 167p

Clare MacDonald

48,952

Between 78p and 167p

Liz Knight

20,000

Between 78p and 93p

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

21 August 2020

f)

Place of the transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lucy Sharp

Chief Operating Officer

Ian Castle

Chief Technology Officer

Gemma Basharan

Chief Financial Officer

Paul Lambsdown

PDMR

Clare MacDonald

PDMR

Liz Knight

PDMR

2

Reason for the notification

a)

Position/status

See above

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

ECSC Group plc

b)

LEI

213800CG9B473DGJDC94

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

Options over Ordinary shares of 0.1p each in ECSC Group plc 

Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99

b)

Nature of the transaction

Grant of options over ordinary shares of 0.1p each in the Company

 

c)

Price(s) and volume(s)

Director / PDMR

No. of options granted

Exercise price

Lucy Sharp

144,758

65p

Ian Castle

103,602

65p

Gemma Basharan

64,651

65p

Paul Lambsdown

48,952

65p

Clare MacDonald

48,952

65p

Liz Knight

20,000

65p

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

21 August 2020

f)

Place of the transaction

Outside of a trading venue

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHPPUACRUPUGRW

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