Exercise of options and director dealing

SysGroup PLC

26 May 2023

 

26 May 2023

SysGroup plc

("SysGroup" or "Company")

Exercise of options, director dealing and purchase of shares into treasury

Issue of equity and exercise of share options

SysGroup plc (AIM:SYS), further to the earlier announcement today, announces it has issued 2,076,394 ordinary shares of 1p each ("Ordinary Shares") in the capital of the Company following notification by Adam Binks, Chief Executive Officer that he has exercised options over 2,076,394 Ordinary Shares in the Company which have vested by agreement of the Company under the 2018 and 2020 SysGroup Long Term Incentive Plans.

Adam Binks has sold and and the Company has purchased, a total of 2,076,394 Ordinary Shares at a price of £0.375 per Ordinary Share.

Admission to trading and total voting rights

Following admission to trading of the Ordinary Shares, which is expected to take place on 2 June 2023, the Company's total number of Ordinary Shares in issue will increase to 51,496,084 and the number of shares held in treasury will be 2,636,394 representing 5.12% of the Company's issued share capital. Therefore the number of voting rights in the company will be 48,859,690.

For further information please contact: SysGroup plc Adam Binks, Chief Executive Officer Martin Audcent, Chief Financial Officer	Tel: [phone]
Liberum (Nomad and Broker) Edward Mansfield	Tel: [phone]
Alma PR (Financial PR) Josh Royston Matthew Young	Tel: [phone]

About SysGroup

SysGroup is a multi-award-winning technology solutions provider that creates value through technology transformation. Our mission is to supercharge the UK mid-market and we have built our business around our customers' challenges, enabling them to drive productivity, increase their resilience, mitigate risk and become more sustainable. Our bespoke solutions are at the forefront of technology innovation, combining world-class, green technology infrastructure with cutting-edge expertise and best-in-breed partners.

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester and Newport.

For more information, visit http://www.sysgroup.com

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			Adam Binks
2		Reason for the notification
a)	Position/status			CEO
b)	Initial notification /Amendment			Initial Notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name			SysGroup plc
b)	LEI			213800D18GPZZJR9SH55
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			Ordinary shares of 1 pence each ("Ordinary Shares")
	Identification code			GB00BYT18182
b)	Nature of the transaction			Exercise of options and subsequent sale of Ordinary Shares
c)	Price(s) and volume(s)
				Transaction	Price(s)	Volume(s)
				Purchase	£0.01	2,076,394
				Sale	£0.375	2,076,394
d)	Aggregated information
	- Aggregated volume			As in 4.c) above
	- Price
e)	Date of the transaction			26/05/2023
f)	Place of the transaction			London Stock Exchange - AIM

 

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