Cancellation and Grant of options

RNS Number : 8917W

ECSC Group PLC

24 August 2020

 

24 August 2020

ECSC Group plc

('ECSC', the 'Company' or the 'Group')

Cancellation and Grant of options

ECSC (AIM: ECSC), the provider of cyber security services, announces that on 21 August 2020, the Company cancelled options over 588,037 new ordinary shares in the Company ("Ordinary Shares") in respect of the following directors, persons discharging managerial responsibilities ("PDMRs") and employees of the Company:

Name	Position	Number of options over Ordinary Shares cancelled
Lucy Sharp	Chief Operating Officer	144,758
Ian Castle	Chief Technology Officer	103,602
Gemma Basharan	Chief Financial Officer	64,651
Paul Lambsdown	PDMR	48,952
Clare MacDonald	PDMR	48,952
Liz Knight	PDMR	20,000
n/a	Other employees	157,122

Following the above cancellation of options over Ordinary Shares, on 21 August 2020, the Company also granted options ("New Options") over 588,037 new Ordinary Shares to the same directors, PDMRs and Company employees:

Name	Position	Number of New Options granted	Total number of options held as at today's date
Lucy Sharp	Chief Operating Officer	144,758	144,758
Ian Castle	Chief Technology Officer	103,602	103,602
Gemma Basharan	Chief Financial Officer	64,651	64,651
Paul Lambsdown	PDMR	48,952	48,952
Clare MacDonald	PDMR	48,952	48,952
Liz Knight	PDMR	20,000	20,000
n/a	Other employees	157,122	157,122

The New Options are being granted pursuant to the Company's Enterprise Management Incentive Share Option Scheme (EMI Scheme) and have an exercise price of 65p per Ordinary Share, being the Company's closing mid-market share price on the date of grant. The New Options may vest and become exercisable at any time over a ten-year period from the date of grant subject to the Company's closing mid-market share price exceeding 167p per Ordinary Share for 10 consecutive business days.

Following the above cancellation and grant of options over Ordinary Shares, the Company has 794,448 options in issue over Ordinary Shares, representing 7.9% per cent. of the Company's issued share capital and voting rights.

The FCA notifications in respect of the above cancellation and grant of options over Ordinary Shares, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

ECSC Group plc  (including press enquiries) David Mathewson, Non-Executive Chairman Ian Mann, Chief Executive Officer	[phone]
Allenby Capital Limited  (Nominated Adviser and Broker) David Hart/Asha Chotai (Corporate Finance) Tony Quirke (Sales) For more information please visit the following:  https://investor.ecsc.co.uk/	[phone]

Notes to Editors

AIM listed ECSC Group plc, is the UK's longest running, full service cyber security provider.  Its consultancy-led approach, in addition to its custom methodologies and in-house proprietary technologies, enables ECSC to support all organisations across every sector.  ECSC has significant intellectual property, including Artificial Intelligence delivering remotely managed cyber security breach detection.

Established in 2000, ECSC operates from two Security Operations Centres (SOCs), one in the UK, based in Yorkshire and the second in Brisbane, Australia allowing ECSC to provide true 24/7/365 cyber security monitoring, detection and incident response.  ECSC also helps organisations test their cyber security, prevent breaches and achieve industry certifications.

The senior management team has over 80 years combined experience within the Company, and has delivered consecutive organic growth for the last 20 years. 

ECSC's client list ranges from e-commerce start-ups to global organisations, and the Company counts 10% of the FTSE 100 amongst its clients. 

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	Lucy Sharp Chief Operating Officer Ian Castle Chief Technology Officer Gemma Basharan Chief Financial Officer Paul Lambsdown PDMR Clare MacDonald PDMR Liz Knight PDMR
2	Reason for the notification
a)	Position/status	See above
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECSC Group plc
b)	LEI	213800CG9B473DGJDC94
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	Options over Ordinary shares of 0.1p each in ECSC Group plc  Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99
b)	Nature of the transaction	Cancellation of options over ordinary shares of 0.1p each in the Company
c)	Price(s) and volume(s)	Director / PDMR No. of options cancelled Exercise price Lucy Sharp 144,758 Between 78p and 167p Ian Castle 103,602 Between 78p and 167p Gemma Basharan 64,651 Between 78p and 167p Paul Lambsdown 48,952 Between 78p and 167p Clare MacDonald 48,952 Between 78p and 167p Liz Knight 20,000 Between 78p and 93p
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	21 August 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lucy Sharp Chief Operating Officer Ian Castle Chief Technology Officer Gemma Basharan Chief Financial Officer Paul Lambsdown PDMR Clare MacDonald PDMR Liz Knight PDMR
2	Reason for the notification
a)	Position/status	See above
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECSC Group plc
b)	LEI	213800CG9B473DGJDC94
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	Options over Ordinary shares of 0.1p each in ECSC Group plc  Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99
b)	Nature of the transaction	Grant of options over ordinary shares of 0.1p each in the Company
c)	Price(s) and volume(s)	Director / PDMR No. of options granted Exercise price Lucy Sharp 144,758 65p Ian Castle 103,602 65p Gemma Basharan 64,651 65p Paul Lambsdown 48,952 65p Clare MacDonald 48,952 65p Liz Knight 20,000 65p
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	21 August 2020
f)	Place of the transaction	Outside of a trading venue

 

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