Grant of Options and PDMR Disclosure

RNS Number : 7917V

ECSC Group PLC

10 November 2017

 

10 November 2017

ECSC Group plc

("ECSC" or the "Company")

Grant of Options and PDMR Disclosure

ECSC Group plc (AIM: ECSC), the cyber security services provider, announces that it has today granted share options to certain employees pursuant to a Save As You Earn Share Option Scheme ("SAYE Scheme") launched on 12 October 2017.

The SAYE Scheme provides eligible employees with the opportunity to buy ECSC Group plc ordinary shares at the end of a linked savings contract. The Company has granted options over 42,624 shares, subject to a 3-year vesting period, at an exercise price of 125 pence per share to 30 eligible employees who applied to join the SAYE Scheme, representing approximately 0.47% of the issued share capital of the Company. The exercise of these options at the end of the vesting period is subject to the rules of the SAYE Scheme.

Within this grant of options, Mr Ian Castle, who is identified as a Person Discharging Managerial Responsibilities ("PDMR"), has been granted options over 1,440 ordinary shares, subject to a 3-year vesting period, at an exercise price of 125 pence per share. Following this grant of options, Mr Castle's beneficial holding remains unchanged at 205,029 shares (2.3% of the issued share capital of the Company).

Enquiries:

ECSC Group plc  Ian Mann (Chief Executive Officer) Stephen Hammell (Chief Financial Officer) www.ecsc.co.uk	[phone]
Stockdale Securities (NOMAD and Broker)	[phone]
Robert Finlay Hanan Lee
Alma PR (Financial PR) Joshua Royston Hilary Buchanan	[phone]

Notes to Editors

ECSC is a proven provider of cyber security services with a blue-chip client base that offers a comprehensive range of solutions. 

The Company has over 16 years' experience in the design, implementation and management of cyber security solutions. ECSC's consultancy-led approach, and its combination of custom methodologies and in-house proprietary technologies, enables the Company to provide individually tailored services to its clients. The Company has significant intellectual property, including bespoke products delivering remotely managed cyber security services and custom-made internal support and delivery systems.

The Company floated on AIM in December 2016 to accelerate its growth strategy and to take advantage of the importance attached to cyber security by company boards as a result of the recent proliferation of high profile cyber security breaches.

 

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