Grant of Options

RNS Number : 6315P

ULS Technology PLC

19 February 2021

 

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 18 February 2021 it granted a total of 675,000 options to subscribe for new ordinary shares of 0.4p each in the Company to Jesper With-Fogstrup, the Group's Chief Executive Officer, pursuant to the terms of the Company's EMI Share Option Scheme.

All the options have an exercise price of 86.0p, being the closing mid-price on 17 February 2021, and become exercisable three years from the date of grant and are subject to various performance conditions.

The grant to Jesper and his resultant holding is 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
Jesper  With-Fogstrup	675,000	25,000	0.04	675,000

Enquiries:

ULS Technology plc		Via Walbrook PR
Jesper With-Fogstrup , Chief Executive Officer
John Williams, Chief Financial Officer
Numis Securities Limited (Nomad & Broker)		Tel: [phone]
Stuart Skinner / William Wickham
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	Jesper With-Fogstrup
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) 86 p per share 675,000
d)	Aggregated information:
	- Aggregated volume	675,000
	- Total Exercise Price	£580,500
e)	Date of the transaction	18 February 2021
f)	Place of the transaction	Outside a trading venue

 

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