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BrainJuicer Group (SYS1)

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Wednesday 22 March, 2017

BrainJuicer Group

Grant of Options

RNS Number : 2439A
BrainJuicer Group PLC
22 March 2017
 

 

Press Release                                                                                          22 March 2017

 

BrainJuicer Group PLC

 ("BrainJuicer" and the "Company")

 

Grant of Options

 

The Company announces that it has today granted a total of 1,124,268 stock options and conditional shares to certain executive directors and PDMRs (the "LTIP Awards"), as set out below, in accordance with the terms of the LTIP plan (the "2017 LTIP") approved by shareholders at the General Meeting of the Company held on 22 March 2017.  

 

Terms of the LTIP Awards are set out below, full details of the 2017 LTIP can be found in the 2017 Notice of AGM on the Company's website at www.brainjuicer.com.

 

The share options are nil cost and will vest on 12 August 2021, subject to the following criteria:

(a) Vesting is dependent on achievement of stretching performance conditions.  Maximum vesting requires gross profit in the Company's financial year ending 31 March 2021 of 2.85 times that in the year ending 31 March 2017 (30% p.a. compound growth)

(b) In addition, there are profit after tax and share price underpins (the profit after tax underpin being 20% p.a. compound growth at the maximum level)

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them  

 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

James Geddes

2.

Reason for the notification

a)

Position / status

Chief Financial Officer

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Options over ordinary shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Zero cost

198,400 Options

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Alex Batchelor

2.

Reason for the notification

a)

Position / status

Chief Operating Officer

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Options over ordinary shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Zero cost

198,400 Options

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Alex Hunt

2.

Reason for the notification

a)

Position / status

Executive Director

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Conditional shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

198,400 conditional shares

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Orlando Wood

2.

Reason for the notification

a)

Position / status

PDMR

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Options over ordinary shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Zero cost

132,267 Options

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Horace McDonald

2.

Reason for the notification

a)

Position / status

PDMR

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Options over ordinary shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Zero cost

132,267 Options

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Rod Connors

2.

Reason for the notification

a)

Position / status

PDMR

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Options over ordinary shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Zero cost

132,267 Options

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Mark Johnson

2.

Reason for the notification

a)

Position / status

PDMR

 

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

BrainJuicer Group PLC

b)

Legal Entity Identifier

n/a

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

Options over ordinary shares

b)

Nature of the transaction

Granting of LTIP Awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Zero cost

132,267 Options

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

22 March 2017 (UK)

f)

Place of the transaction

Outside a trading venue

 

 

- Ends -

 

For further information, please contact:

 

BrainJuicer Group PLC      

John Kearon, Chief Executive Officer                                    Tel: +44 (0)20 7043 1000

James Geddes, Chief Financial Officer                                 www.brainjuicer.com

 

Canaccord Genuity Limited           

Simon Bridges / Emma Gabriel                                              Tel: +44 (0)20 7523 8000

www.canaccordgenuity.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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