Grant of Share Options to PDMRs

Cirata PLC

01 November 2024

 

1 November 2024

Cirata plc

("Cirata" or the "Company")

Grant of Share Options to PDMRs

Cirata plc (LSE: CRTA), announces that on 31 October 2024 it awarded a total of 275,000 options to acquire ordinary shares of 10 pence per share ("Options") to the following persons discharging managerial responsibilities ("PDMR") under the 2023 Cirata plc Amended and Restated Share Option Plan, as follows:

All new options were granted at an exercise price of 30 pence per share.

PDMR	Number of new Options	Total Options Held post new award	% of Issued share capital[1]	Vesting
Paul Scott-Murphy, CTO	75,000	455,000	0.36%	3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter
Ricardo Moura, Interim CFO	50,000	50,000	0.04%	1-year vesting schedule; all options vest on first anniversary
Hayley Fisher, VP People	50,000	200,000	0.16%	3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter
Brian Kilpatrick, Engineering Director	50,000	68,330	0.05%	3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter
Chris Cochran, CRO Americas	50,000	220,856	0.18%	3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter

The Company's Remuneration Committee has approved the awards and regards long term incentives as an important part of the remuneration of members of the leadership team to align them with shareholder interests.

[1] The issued share capital as at 31 October 2024 consisted of 125,936,463 ordinary shares of ten pence each with voting rights admitted to trading. The Company holds no ordinary shares in Treasury.

This announcement contains information that qualifies or may qualify as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary. 

For further information, please contact: 

Cirata	[phone]
Stephen Kelly, Chief Executive Officer
Ricardo Moura, Interim Chief Financial Officer
Daniel Hayes, Investor Relations
FTI Consulting	[phone]
Matt Dixon / Kwaku Aning / Usama Ali
Stifel (Nomad and Joint Broker)	[phone]
Fred Walsh / Ben Good / Sarah Wong
Panmure Liberum (Joint Broker)	[phone]
Max Jones / John More

About Cirata

Cirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of MAR.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Scott-Murphy
2	Reason for the notification
a)	Position/status	Chief Technology Officer (PDMR for notification)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cirata plc
b)	LEI	213800Y1A75RSC698O04
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 10p each ISIN: JE00B6Y3DV84
b)	Nature of the transaction	Grant of Share options - vesting over 3 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 75,000
d)	Aggregated information	n/a
e)	Date of the transaction	31 October 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ricardo Moura
2	Reason for the notification
a)	Position/status	Interim CFO (PDMR for notification)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cirata plc
b)	LEI	213800Y1A75RSC698O04
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 10p each ISIN: JE00B6Y3DV84
b)	Nature of the transaction	Grant of Share options - vesting over 1 year
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 50,000
d)	Aggregated information	n/a
e)	Date of the transaction	31 October 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hayley Fisher
2	Reason for the notification
a)	Position/status	VP People (PDMR for notification)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cirata plc
b)	LEI	213800Y1A75RSC698O04
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 10p each ISIN: JE00B6Y3DV84
b)	Nature of the transaction	Grant of Share options - vesting over 3 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 50,000
d)	Aggregated information	n/a
e)	Date of the transaction	31 October 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian Kilpatrick
2	Reason for the notification
a)	Position/status	Engineering Director (PDMR for notification)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cirata plc
b)	LEI	213800Y1A75RSC698O04
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 10p each ISIN: JE00B6Y3DV84
b)	Nature of the transaction	Grant of Share options - vesting over 3 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 50,000
d)	Aggregated information	n/a
e)	Date of the transaction	31 October 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Cochran
2	Reason for the notification
a)	Position/status	Chief Revenue Officer Americas (PDMR for notification)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cirata plc
b)	LEI	213800Y1A75RSC698O04
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 10p each ISIN: JE00B6Y3DV84
b)	Nature of the transaction	Grant of Share options - vesting over 3 years
c)	Price(s) and volume(s)	Price(s) Volume(s) 30 pence 50,000
d)	Aggregated information	n/a
e)	Date of the transaction	31 October 2024
f)	Place of the transaction	Outside a trading venue

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