SAYE Share Option Plan

RNS Number : 0603L

SpaceandPeople PLC

23 April 2015

 

SpaceandPeople plc

("SpaceandPeople" or the "Company")

SAYE Share Option Scheme

SpaceandPeople (AIM:SAL) the retail, promotional and brand experience specialist, is pleased to announces employee and director participation in a Save As You Earn (SAYE) share option scheme. The scheme was established in order to offer the employees at SpaceandPeople the opportunity to participate in the future growth of the Company.

Eligible employees were invited to subscribe for share options at 46.0p, a 20% discount on the closing price of the Company's shares on 2 April 2015, the day before the invitation to participate was made. The scheme rules follow HMRC guidance and limit each employee to a maximum saving of £500 per month over the three year period of the scheme.

A total of 23 employees (28% of those eligible) elected to participate giving rise to the grant yesterday of a total of 273,515 share options. This equates to 1.40% of the current issued share capital.

The following Executive Directors elected to participate in the scheme and are included in the total figures above as follows:

Matthew Bending (CEO) has been granted 39,130 share options, Nancy Cullen (COO) has been granted 39,130 share options and Gregor Dunlay (CFO) has been granted 39,130 share options.  Non-Executive Directors were not eligible to participate.

Following the grant of the SAYE share options the participating Executive Directors shareholdings in the Company are as follows:

	Ordinary Shares	Share Options @101p	Share Options @47.4p	SAYE Share Options @46p	TOTAL	% Issued Share Capital
Matthew Bending	2,102,200	120,000	200,000	39,130	2,461,330	12.61
Nancy Cullen	1,333,000	120,000	200,000	39,130	1,692,130	8.67
Gregor Dunlay	10,000	120,000	200,000	39,130	369,130	1.89

For further information, contact:

SpaceandPeople Plc Matthew Bending, Gregor Dunlay	0845 241 8215
Cantor Fitzgerald Europe David Foreman, Will Goode (Corporate Finance) David Banks, Tessa Sillars (Corporate Broking)	020 7894 7000

About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

 

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