Grant of Options

RNS Number : 1438T

ULS Technology PLC

16 July 2020

 

ULS Technology plc

(The "Group", or the "Company")

Grant of Options

ULS Technology plc (AIM:ULS), the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announces that on 15 July 2020 it granted a total of 1,000,000 options to subscribe for new ordinary shares of 0.4p each in the Company to the Executive Directors, pursuant to the terms of the Company's EMI Share Option Scheme.

At the same time, it also granted 750,000 options to Martin Rowland under an unapproved option agreement.

All the options have an exercise price of 53.9p, being the closing mid-price on 14 July 2020, and become exercisable three years from the date of grant.

The grants to the Directors and their resultant holdings are shown in the table below:

		Resulting interest in the Company
Name	No. of options granted over Ordinary Shares	No. of Ordinary Shares	Holding as a % of ISC	No. of options over Ordinary Shares
Steve Goodall	500,000	-	-	1,150,000
John Williams	300,000	48,291	0.07%	785,809
Andrew Weston	200,000	1,276,625	1.97%	426,898
Martin Rowland	750,000	60,000	0.09%	750,000

Enquiries:

ULS Technology plc		Via Walbrook PR
Steve Goodall, CEO
John Williams, CFO
Numis Securities Limited (Nomad & Broker)		Tel: [phone]
Stuart Skinner / Paul Gillam
Walbrook PR Limited	[e-mail] or Tel: [phone]
Tom Cooper
Nick Rome
Nicholas Johnson

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Rowland
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ULS Technology plc
b)	LEI	213800TDUOUSIQT2OT29
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	0.4p Ordinary Shares
	Identification code	ISIN: GB00BNG8T458
b)	Nature of the transaction	Grant of options to acquire shares
c.	Price(s) and volume(s)	Exercise Price(s) Volumes(s) 53.9 p per share 750,000
d)	Aggregated information:
	- Aggregated volume	750,000
	- Total Exercise Price	£404,250
e)	Date of the transaction	15 July 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Goodall
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	ULS Technology plc
b)	LEI	213800TDUOUSIQT2OT29
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	0.4p Ordinary Shares
	Identification code	ISIN: GB00BNG8T458
b)	Nature of the transaction	Grant of options to acquire shares
c.	Price(s) and volume(s)	Exercise Price(s) Volumes(s) 53.9 p per share 500,000
d)	Aggregated information:
	- Aggregated volume	500,000
	- Total Exercise Price	£269,500
e)	Date of the transaction	15 July 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Williams
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	ULS Technology plc
b)	LEI	213800TDUOUSIQT2OT29
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	0.4p Ordinary Shares
	Identification code	ISIN: GB00BNG8T458
b)	Nature of the transaction	Grant of options to acquire shares
c.	Price(s) and volume(s)	Exercise Price(s) Volumes(s) 53.9 p per share 300,000
d)	Aggregated information:
	- Aggregated volume	300,000
	- Total Exercise Price	£161,700
e)	Date of the transaction	53.9 July 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Weston
2	Reason for the notification
a)	Position/status	Innovation Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ULS Technology plc
b)	LEI	213800TDUOUSIQT2OT29
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	0.4p Ordinary Shares
	Identification code	ISIN: GB00BNG8T458
b)	Nature of the transaction	Grant of options to acquire shares
c.	Price(s) and volume(s)	Exercise Price(s) Volumes(s) 53.9 p per share 200,000
d)	Aggregated information:
	- Aggregated volume	200,000
	- Total Exercise Price	£107,800
e)	Date of the transaction	15 July 2020
f)	Place of the transaction	London Stock Exchange

 

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