Grant of Options and Director/PDMR Shareholdings

RNS Number : 3277D

Arcontech Group PLC

26 April 2017

 

ARCONTECH GROUP PLC

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

Grant of Options and

Director/PDMR Shareholdings

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that on 25 April 2017, the Company granted options ("Options") over a total of 230,397 ordinary shares in the capital of the Company ("Ordinary Shares") pursuant to the Arcontech Group plc Share Option Scheme. Of these Options, 135,397 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 95,000 granted to other employees.

The Options are exercisable at 64.5 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 24 April 2017, the last dealing day prior to the grant of the Options. The Options shall vest and may be exercised at any time on or after 25 April 2020, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Enquiries:

Arcontech Group plc	020 7256 2300
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director Michael Levy - Group Finance Director and Company Secretary
finnCap Ltd (Nomad & Broker)	020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: www.arcontech.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	Richard Last - Non-Executive Chairman Michael Levy - Group Finance Director and Company Secretary Louise Barton - Non-Executive Director Darren Lewis - Head of Development Sarah Wisbey - Administration Director Will Pitcairn - Head of Support
2.	Reason for the Notification
a)	Position/status	See 1 (a) above - all are PDMR's 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	Arcontech Group plc
b)	LEI	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, type of instrument	Grant of Options over Ordinary Shares
	Identification code	GB00BDBBJZ03
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Exercise Price: 64.5 pence Volumes: Richard Last - Options over 24,762 Ordinary Shares Michael Levy - Options over 20,635 Ordinary Shares Louise Barton - Options over 20,000 Ordinary Shares Darren Lewis - Options over 40,000 Ordinary Shares Sarah Wisbey - Options over 5,000 Ordinary Shares Will Pitcairn - Options over 25,000 Ordinary Shares
d)	Aggregated information: ·    Aggregated volume ·    Price	See 4 (c) above
e)	Date of the transaction	25 April 2017
f)	Place of the transaction	Outside a trading venue

 

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