Grant of Share Options

RNS Number : 1449S

Bidstack Group PLC

04 November 2019

 

4 November 2019

BIDSTACK GROUP PLC

("Bidstack" or "The Company")

Grant of Share Options

Bidstack Group plc (AIM: BIDS), the native in-game advertising group, hereby announces that the Company has granted 3,666,667 new share options (the "Options") to staff under the terms of the Bidstack Group Plc Enterprise Management Incentive ("EMI") Share Option Scheme 2018 and the Bidstack Group Plc Unapproved Share Option Scheme 2018.  All of the options will be exercisable three years after the date of grant, save in certain circumstances including the Company being the subject of a takeover offer, and will expire ten years after the date of grant. 

As part of the grants, the Company has granted 1,000,000 Unapproved Options to Donald Stewart, its Chairman, and 500,000 EMI options to John McIntosh, its Chief Financial Officer, in each case exercisable at 20 pence per share.  Following the grant of these new option the options held by Donald Stewart and John McIntosh will be as follows.

Director	Number of Options granted	Total number of options over Ordinary Shares	Total number of options as a percentage of the Company's issued share capital
Donald Stewart (Chairman)*	1,000,000	1,000,000	0.41%
John McIntosh (CFO)	500,000	1,500,000	0.61%

* Mr Stewart also holds Warrants over 250,103 Existing Ordinary Shares at an exercise price of £0.05 per Existing Ordinary Share and an interest in Warrants over 25,000 Ordinary Shares with an exercise price of £0.20 held by Ruscombe Management Services Limited.  All of these warrants were granted in connection with the recapitalisation of the Company in November 2017 and expire on 15 November 2020.

The information contained in this notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Donald Stewart
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	Bidstack Group Plc
b)	LEI	213800Q47UWF61LMRR02
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	Ordinary Shares of 0.5 pence each
b)	Identification code	GB00BZ7M6059
c)	Nature of the transactions	Grant of Options
d)	Price(s) and volume(s)	Exercise price: 20 pence per share Volume: 1,000,000 options
e)	Aggregated information -     Aggregated volume -     Price	As for d) above
f)	Date of the transactions	30 October 2019
g)	Place of the transactions	Off market

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John McIntosh
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	Bidstack Group Plc
b)	LEI	213800Q47UWF61LMRR02
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	Ordinary Shares of 0.5 pence each
b)	Identification code	GB00BZ7M6059
c)	Nature of the transactions	Grant of Options
d)	Price(s) and volume(s)	Exercise Price: 20 pence per share Volume: 500,000 share options
e)	Aggregated information -     Aggregated volume -     Price	As for d) above
f)	Date of the transactions	30 October 2019
g)	Place of the transactions	Off market

- Ends -

Contacts:

Bidstack Group Plc James Draper, CEO	via Buchanan
SPARK Advisory Partners Limited (Nomad) Mark Brady/Neil Baldwin/James Keeshan	[phone]
Stifel Nicholas Europe Limited (Broker) Fred Walsh/Neil Shah	[phone]
Buchanan Communications Limited Chris Lane / Stephanie Watson / Kim van Beeck [e-mail]	[phone]

Notes to editors

Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary API technology is capable of inserting adverts into natural advertising space within video games across multiple video games platforms (mobile, PC and console).

Bidstack's customers are games publishers and developers and advertising agencies, brands and programmatic advertising platforms. Bidstack contracts exclusive access to the native in-game advertising space within video games from their developers or publishers and sells that advertising space either direct to specific brands and their agencies or through programmatic advertising platforms.

 

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