Grant of Share Options

RNS Number : 5176F

Amino Technologies PLC

15 July 2019

 

15 July 2019

AMINO TECHNOLOGIES PLC

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

Grant of Share Options

Amino Technologies plc (LSE AIM: AMO), the global provider of media and entertainment technology solutions to network operators, announces that the Group's Remuneration Committee and the Board have granted share options to the two Executive Directors.

A total of 310,000 options over the Company's ordinary shares of 1.0p each ("Ordinary Shares") are awarded to the Chief Executive Officer, Donald McGarva. As a result, Donald McGarva holds 310,000 shares options in the Company. Mr McGarva also owns 544,698 ordinary shares in the Company.

A total of 225,000 options over the Company's ordinary shares of 1.0p each ("Ordinary Shares") are awarded to Chief Financial Officer and Chief Operations Officer, Mark Carlisle. As a result, Mark Carlisle holds 225,000 shares options in the Company. Mr Carlisle also owns 8,751 ordinary shares in the Company.

Both of these grants are nil-cost options and subject to continued employment and the meeting of certain performance conditions. The options will vest over 3 years.

The Board of the Group considers share options an effective and important mechanism to incentivise and retain the executive team and to align them with shareholder interests. In addition, the Board has implemented a special bonus scheme for the two Executive Directors which would pay out, in the event of a change of control, a sum linked to the growth in share price. If this bonus becomes payable, it can be paid either in cash, or in shares of equivalent monetary value at the change of control share price, subject to the discretion of the Remuneration Committee at the time.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.

For further information please contact:

Amino Technologies PLC	[phone]
Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Broker)	[phone]
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (Equity Capital Markets)
FTI Consulting (Financial communications)	[phone]
Jamie Ricketts / Alex Le May / Chris Birt

About Amino Technologies plc

Amino is a global leader in media and entertainment technology solutions and an IPTV pioneer, working with over 250 operators in 100-plus countries. Drawing on more than 20 years' experience delivering IP/cloud innovation, Amino enables operators to meet the challenges they face as broadcast TV and online video moves to an all-IP future with managed over-the-top (OTT) offerings. We are expert in software, hardware and cloud implementation - able to deploy our own leading-edge technologies and integrate these with third-party and 'upcycled' legacy systems. At the forefront of the evolution of TV Everywhere, Amino helps operators to provide the features and functionality modern consumers are looking for in a multiscreen, multi-device entertainment world.

Having deployed over 10 million customer premise devices and the software necessary to link the back end to the user interface, we understand the issues operators face. We partner with operators to deliver end-to-end, operator-ready solutions that enable next-generation customer experiences. We 'upcycle' existing infrastructure to support more advanced services and integrate seamlessly with new technologies to form a unified ecosystem. The result is a fresh consumer offering based on a consistent user experience across all screens, building brand reputation, stemming churn, growing subscribers and increasing average revenue per user (ARPU).

Amino Communications is a wholly-owned subsidiary of Amino Technologies PLC and listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), with headquarters in Cambridge, United Kingdom, and global offices in California, Finland, Hong Kong and Portugal. For more details, visit www.Aminocom.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)	Names	1. Donald McGarva, CEO, Executive Director 2. Mark Carlisle, CFO, COO, Executive Director
2	Reason for the notification
a)	Position/status	Classified as PDMRs of the Company
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Amino Technologies plc
b)	LEI	21380068JIMBNNZJL315
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 1.0p each
b)	Identification code	GB00B013SN63
c)	Nature of the transaction	Grant of New Options
d)	Price(s) and volume(s)	Price(s) Volume(s) 1. Nil-cost         1. 310,000 options 2. Nil-cost         2. 225,000 options
d)	Aggregated information  - Aggregated volume - Price	535,000 options over ordinary shares Nil-cost
e)	Date of the transaction	15 July 2019
f)	Place of the transaction	London Stock Exchange

 

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