LTIP Grant

RNS Number : 6993U

SysGroup PLC

16 July 2018

 

SysGroup plc

("SysGroup" or the "Group")

Grant under Long Term Incentive Plan

SysGroup plc (AIM: SYS), the Managed IT Services and Cloud Hosting provider, announces the grant of 450,000 performance shares with an exercise price of £0.01 (the "Award") under the recently announced Long Term Incentive Plan ("LTIP") to Martin Audcent, Chief Financial Officer, who today joined the Board of the Group.

The LTIP was established in June 2018 to incentivise management to deliver long-term value creation for shareholders and ensure alignment with shareholder interests. The Award is subject to the same performance conditions as those set out in the announcement of 29 June 2018.

The Award represents 1.95% of the current issued share capital of the Company.

The Award is also subject to continued employment, malus and clawback provisions and will vest in full on a takeover of the Company.

For further information please contact: SysGroup plc Adam Binks, CEO Martin Audcent, CFO	Tel: [phone]
Shore Capital (Nomad and Broker) Edward Mansfield / Anita Ghanekar	Tel: [phone]
Alma PR (Financial PR) Josh Royston / Helena Bogle	Tel: [phone]

About SysGroup

SysGroup is a leading provider of Managed IT Services, Cloud Hosting, and expert IT Consultancy. The Group delivers solutions that enable clients to understand and benefit from industry leading technologies and advanced hosting capabilities. SysGroup focuses on a customer's strategic and operational requirements - enabling clients to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.

The Group has offices in Liverpool, Coventry, London and Telford.

For more information, visit www.sysgroupplc.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 responsibility
a)	Name	Mr Martin Richard Audcent
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	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 Identification code	Ordinary shares of 1p each in SysGroup plc GB00BYT18182
b)	Nature of the transaction	Sale and Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 450,000
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	16 July 2018
f)	Place of the transaction	N/A

 

END

 

 

DSHFKPDNKBKBFOD