Grant of EMI Options & Director's Interest

RNS Number : 6193Y

ECSC Group PLC

07 December 2017

 

7 December 2017

ECSC Group plc

("ECSC" or the "Company")

Grant of EMI Options and Director's Interest

ECSC Group plc (AIM: ECSC), the cyber security services provider, announces that it has today granted share options to certain employees pursuant to an Enterprise Management Incentive Share Option Scheme ("EMI Scheme").

The EMI Scheme provides eligible employees with the opportunity to buy ECSC Group plc ordinary shares at a future date in accordance with the scheme rules. The Company has granted options over 148,000 shares, subject to a 3-year vesting period and an appropriate performance condition, at an exercise price of 140 pence per share to 8 participating employees, representing approximately 1.6% of the issued share capital of the Company.

Within this grant of options, Mr Stephen Hammell, a Director of the Company, has been granted options over 100,000 ordinary shares, subject to a 3-year vesting period and an appropriate performance condition, at an exercise price of 140 pence per share.

Enquiries:

ECSC Group plc  Ian Mann (Chief Executive Officer) Stephen Hammell (Chief Financial Officer) www.ecsc.co.uk	[phone]
Stockdale Securities (NOMAD and Broker)	[phone]
Robert Finlay Hanan Lee
Alma PR (Financial PR) Joshua Royston Hilary Buchanan	[phone]

Notes to Editors

ECSC is a proven provider of cyber security services with a blue-chip client base that offers a comprehensive range of solutions. 

The Company has over 16 years' experience in the design, implementation and management of cyber security solutions. ECSC's consultancy-led approach, and its combination of custom methodologies and in-house proprietary technologies, enables the Company to provide individually tailored services to its clients. The Company has significant intellectual property, including bespoke products delivering remotely managed cyber security services and custom-made internal support and delivery systems.

The Company floated on AIM in December 2016 to accelerate its growth strategy and to take advantage of the importance attached to cyber security by company boards as a result of the recent proliferation of high profile cyber security breaches.

 

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