Grant of Options

RNS Number : 3540H

IQGeo Group PLC

03 December 2020

 

IQGeo Group plc

(the "Company" or the "Group")

Grant of Options

IQGeo Group plc (AIM: IQG), a leading developer of geospatial productivity and collaboration software for telecoms and utility network operators, announces the approval of the grant of options over a total of 500,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") ("Options") to Haywood Chapman, Chief Financial Officer of the Company.

Upon the recommendation of the Company's remuneration committee, the Company has granted the Options pursuant to the Group's 2020 Share Option Plan. The award comprises 307,407 EMI Options and 192,593 Unapproved Options. 

The exercise price for the Options is 67.5 pence, being the close price on 10 September 2020 and the date of Haywood's appointment. The Options vest in portions of one third on the first, second and third anniversaries of grant and have no further performance conditions other than ongoing employment on the date of vesting. The Options will be subject to a two-year holding period from vesting point, with Haywood only permitted to sell shares sufficient to cover the exercise cost and any tax liability within this holding period. The Options will vest in full on a change of control.

As this represents his first award of Options, Haywood Chapman now holds 500,000 Options.

For further information contact:

IQGeo Group plc                                                                                                [phone]

Richard Petti

Haywood Chapman

finnCap Ltd    [phone]

Henrik Persson, Anthony Adams (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

Notes to editors

IQGeo's end-to-end geospatial software improves productivity and collaboration across enterprise planning, design, construction, maintenance and sales processes for telecoms and utility network operators. Our mobile-first enterprise solutions create and maintain, an accurate view of complex network assets that is easily accessible by anyone, wherever and whenever needed.

Specialized applications combined with our open IQGeo Platform help network operators create a single source of network truth to meet their digital transformation ambitions and operational KPIs. Our award-winning, cloud-enabled solutions save time and money, and improve safety and productivity, while enhancing customer satisfaction.

With over 50,000 active software users, IQGeo has an established and rapidly growing customer base with telecoms and utility companies worldwide.

IQGeo trades on AIM with the ticker IQG.

For additional information please visit www.iqgeo.com

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Haywood Chapman
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	n/a
d)	Aggregated information - Aggregated volume - Price	Price: n/a 500,000 Options
e)	Date of the transaction	2 December 2020
f)	Place of the transaction	London Stock Exchange

 

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