Grant of Awards under Long Term Incentive Plan

RNS Number : 6153Q

D4T4 Solutions PLC

28 October 2021

 

28 October 2021

D4t4 Solutions plc

Grant of Awards under Long Term Incentive Plan

D4t4 Solutions Plc (AIM: D4T4, "the Group", "D4t4"), the AIM-listed data solutions provider, announces that earlier today Bill Bruno, CEO and Ash Mehta, CFO were granted options over ordinary shares of two pence each in the Company ("Shares").  Awards were made in two tranches as set out below under the terms of the D4t4 Long Term Incentive Plan ("LTIP"). These awards have been made following the recent appointment of the two directors to their respective roles:

Director/ PDMR	Position	Tranche A (Shares)	Tranche B (Shares)
Bill Bruno	Chief Executive Officer	66,185	49,638
Ash Mehta	Chief Financial Officer	34,974	23,316

The awards are all exercisable at a price of two pence per Share and will vest three years after grant, subject to the continued employment of the relevant director.

Vesting of awards in Tranche A is also subject to the satisfaction over the three-year period from the date of grant of specified performance conditions, based on the Company's relative Total Shareholder Return (TSR) in respect of half of the award, and growth in Annual Recurring Revenue (ARR) in respect of the other half.  Vesting criteria have been set as follows:

· 15% compound growth in ARR to achieve minimum award vesting, with a sliding scale above this level, up to full vesting at 27.5% compound growth; and

· TSR of no less than median performance against the selected benchmark for minimum vesting, with a sliding scale above this level, up to full vesting for top-quartile performance.

Tranche B represents a one-off award, without Company performance conditions.

Enquiries

D4t4 Solutions Plc   Bill Bruno, Chief Executive Officer   Ash Mehta, Chief Financial Officer	[phone] [e-mail]
finnCap (Nominated Adviser & Joint Broker)   Julian Blunt / Edward Whiley, Corporate Finance   Alice Lane, Charlotte Sutcliffe, ECM	[phone]
Canaccord Genuity (Joint Broker)   Simon Bridges / Andrew Potts	[phone]
Instinctif Partners  Rozi Morris / Hannah Campbell / Joe Quinlan	[phone] [e-mail]

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 which forms part of UK Law by virtue of the European Union (Withdrawal) Act 2018.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bill Bruno
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	D4t4 Solutions plc
b)	LEI	213800HP3XUS3KTGWT63
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 2 pence each ISIN: GB0001351955
b)	Nature of the transaction	Grant of awards made pursuant to the D4T4 Long Term Incentive Plan, at an exercise price of £0.02 per share
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	115,823
d)	Aggregated information  - Aggregated volume  - Price	As above
e)	Date of the transaction	28 October 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ash Mehta
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	D4t4 Solutions plc
b)	LEI	213800HP3XUS3KTGWT63
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 2 pence each ISIN: GB0001351955
b)	Nature of the transaction	Grant of awards made pursuant to the D4T4 Long Term Incentive Plan, at an exercise price of £0.02 per share
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	58,290
d)	Aggregated information  - Aggregated volume  - Price	As above
e)	Date of the transaction	28 October 2021
f)	Place of the transaction	Outside a trading venue

 

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