Long Term Incentive Plan & Director Dealing

RNS Number : 9761G

Mirriad Advertising PLC

12 November 2018

 

Mirriad Advertising plc

long term incentive plan

12 November 2018

Mirriad Advertising plc

("Mirriad" or the "Group")

Long Term Incentive Plan & Director Dealing

Mirriad, a video technology business delivering next generation in-video branding announces grants of market priced options under its Long Term Incentive Plan ("LTIP") set up as part of its IPO in December 2017 to four existing senior staff.

The LTIP was established to incentivise management to increase shareholder value over the long term. The Remuneration Committee is keen to ensure that remuneration for the Company's senior team will be effective and fair and motivate them to deliver success for the Company, its shareholders and employees. 

The following awards have been granted:

Director/PDMR	Role	Share Options
David Dorans	CFO & Executive Board Director	394,210
Dr Phil McLauchlan	Chief Scientist	250,000
Simon Redding	Head of Engineering	200,000
Jamie Allen	Financial Controller	175,000

The options vest in three equal installments on the first, second and third anniversaries of the date of grant with an exercise price of 19.5 pence which is equal to the market value, determined by reference to the closing price (as derived from the London Stock Exchange Daily Official List) on the day before grant.

David Dorans, Dr Phil McLauchlan and Jamie Allen hold no other share options in the Company.

Simon Redding holds 63,917 existing market priced share options in the Company.

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Full name of person Dealing	David Dorans
2.	Reason for notification
(b)	Position/status	CFO & Executive Board Director
(c)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(d)	Name of entity	Mirriad Advertising plc
(e)	LEI	213800ZKOK9GIME7HE62
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	Options over ordinary shares in the Company
(b)	Identification code	GB00BF52QY14
(c)	Nature of the transaction	Grant of options over ordinary shares
(d)	Price(s) and volume(s)	Prices(s) Volume(s) 19.5 pence 394,210
(e)	Aggregated information: - Aggregated volume - Price	Single transaction as in 4(d) above Prices(s) Volume(s) 19.5 pence 394,210
(f)	Date of transaction	9 November 2018
(g)	Place of transaction	Outside a trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Full name of person Dealing	Dr Phil McLauchlan
2.	Reason for notification
(a)	Position/status	Chief Scientist
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name of entity	Mirriad Advertising plc
(b)	LEI	213800ZKOK9GIME7HE62
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	Options over ordinary shares in the Company
(b)	Identification code	GB00BF52QY14
(c)	Nature of the transaction	Grant of options over ordinary shares
(d)	Price(s) and volume(s)	Prices(s) Volume(s) 19.5 pence 250,000
(e)	Aggregated information: - Aggregated volume - Price	Single transaction as in 4(d) above Prices(s) Volume(s) 19.5 pence 250,000
(f)	Date of transaction	9 November 2018
(g)	Place of transaction	Outside a trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Full name of person Dealing	Simon Redding
2.	Reason for notification
(a)	Position/status	Head of Engineering
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name of entity	Mirriad Advertising plc
(b)	LEI	213800ZKOK9GIME7HE62
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	Options over ordinary shares in the Company
(b)	Identification code	GB00BF52QY14
(c)	Nature of the transaction	Grant of options over ordinary shares
(d)	Price(s) and volume(s)	Prices(s) Volume(s) 19.5 pence 200,000
(e)	Aggregated information: - Aggregated volume - Price	Single transaction as in 4(d) above Prices(s) Volume(s) 19.5 pence 200,000
(f)	Date of transaction	9 November 2018
(g)	Place of transaction	Outside a trading venue

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Full name of person Dealing	Jamie Allen
2.	Reason for notification
(a)	Position/status	Financial Controller
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name of entity	Mirriad Advertising plc
(b)	LEI	213800ZKOK9GIME7HE62
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	Options over ordinary shares in the Company
(b)	Identification code	GB00BF52QY14
(c)	Nature of the transaction	Grant of options over ordinary shares
(d)	Price(s) and volume(s)	Prices(s) Volume(s) 19.5 pence 175,000
(e)	Aggregated information: - Aggregated volume - Price	Single transaction as in 4(d) above Prices(s) Volume(s) 19.5 pence 175,000
(f)	Date of transaction	9 November 2018
(g)	Place of transaction	Outside a trading venue

About Mirriad

Mirriad is a video technology company delivering in-video advertising by naturally blending brand advertising into popular entertainment content. 

Using sophisticated technologies, Mirriad creates advertising opportunities within existing premium video across multiple shows. Advertisers can now reach very large target audiences in a contextually relevant way without interrupting the viewing experience. The new ad format can be used alone or combined with other media and is aligned with existing media trading.

Research has consistently shown in-video advertising to be highly effective, safe and measurable for the marketer and preferred by audiences on TV, online, and mobile.

Mirriad is headquartered in London, with International offices in New York, Mumbai, Shanghai and São Paulo.

Enquiries:

Mirriad Advertising plc Stephan Beringer, Chief Executive Officer David Dorans, Chief Financial Officer	Tel: [phone]
Numis Securities Limited (Nominated Adviser & Broker) Nick Westlake (Nomad)                     Michael Wharton James Black	Tel: [phone]
Hudson Sandler LLP (Financial Public Relations) Daniel de Belder Bertie Berger	Tel: [phone]

 

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