Issue of share options

RNS Number : 5499M

Eagle Eye Solutions Group PLC

08 January 2019

 

8 January 2019

Eagle Eye Solutions Group plc

("Eagle Eye", the "Group", or the "Company")

Issue of share options

Eagle Eye, a leading SaaS technology company that allows businesses to create a real-time connection with their customers through digital promotion and loyalty services, announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 8 January 2019 to the following Executive Directors and senior personnel of Eagle Eye, as follows:

Director*/Senior Personnel	Role	Number of Ordinary Shares subject to option grant	Total number of Ordinary Shares under option post grant	% of existing issued share capital
Tim Mason*	CEO	694,179	1,664,282	6.5%
Steve Rothwell*	CTO	267,750	1,031,445	4.1%
Lucy Sharman-Munday*	CFO	267,750	571,242	2.2%
Al Henderson	CSO	117,000	177,000	0.7%
David Aylmer	COO	158,681	250,207	1.0%

These awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme. Each option has an exercise price of 1p per share.

Recognising the progress made by the Company under Tim Mason's guidance, the Remuneration Committee of the Company have awarded 221,679 options to him, with the only vesting condition being that he remains with the Company until 30 June 2019. The 221,679 options have been included within the total 694,179 shares subject to option grants within the table above.

All other options above have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the third financial year ending 30 June 2021 subject to revenue and EBITDA performance criteria, details of which will be set out in the Company's annual report and accounts for the year ending 30 June 2019, and the overall underlying performance of the Company measured over the vesting period.

Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 29,696,899; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 14.3% of the fully diluted number of Ordinary Shares. This is in accordance with the Company's shareholder approved limit for shares outstanding under the Company's share option schemes at any time of a maximum of 20% of the ordinary share capital of the Company in issue at such time.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Tim Mason 2.   Steve Rothwell 3.   Lucy Sharman-Munday 4.   Al Henderson 5.   David Aylmer
2	Reason for the notification
a)	Position/status	1.   Chief Executive Officer 2.   Chief Technology Officer 3.   Chief Financial Officer 4.   Chief Sales Officer 5.   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	Eagle Eye Solutions Group plc
b)	LEI	2138002S1AIBVVMZ7A21
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 1p each GB00BKF1YD83
b)	Nature of transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   £0.01 exercise price per share 2.   £0.01 exercise price per share 3.   £0.01 exercise price per share 4.   £0.01 exercise price per share 5.   £0.01 exercise price per share	1.   694,179 2.   267,750 3.   267,750 4.   117,000 5.   158,681
	Aggregated information -      Aggregated volume -      Price	1,505,360 options £15,053.60 combined exercise price
e)	Date of the transaction	8 January 2019
f)	Place of the transaction	Outside of a trading venue

For further information, please contact:

Tim Mason, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer	Tel: [phone]
Investec (Nominated Advisor and Joint Broker)
Corporate Finance: David Anderson / Sebastian Lawrence   Tel: [phone] Corporate Broking: Sara Hale / Helene Comitis Shore Capital (Joint Broker)
Hugh Morgan / Patrick Castle /  Daniel Bush Alma PR Caroline Forde / Rebecca Sanders-Hewett / Robyn Fisher	Tel: [phone] Tel: [phone]

About Eagle Eye

Eagle Eye is a leading SaaS marketing technology company that enables businesses to create a real-time connection to attract and retain customers, through digital promotion and loyalty services.

The Company's digital marketing platform, Eagle Eye AIR, enables the secure issuance and redemption of digital offers and rewards at scale, across multiple channels, enabling a single customer view. Our platform creates a network between merchants, distributors and brands to enable stronger connections and value for all parties, allowing them to reduce cost, improve their customer offer and accelerate their marketing innovation.

The Company's current customer base comprises leading names in UK Grocery, Retail and Food & Beverage, including John Lewis, Asda, J Sainsbury, Greggs, JD Sports, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Loblaw in Canada.

For more information, please visit www.eagleeye.com

 

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