Grant of LTIP Options

RNS Number : 4142N
i-nexus Global PLC
29 January 2021
 

29 January 2021

i-nexus Global plc

("i-nexus", the "Company" or the "Group")

 

Grant of LTIP Options

 

i-nexus Global plc (AIM: INX), announces that further to the  announcement  on 19 October 2020, it has issued LTIP options over 1,774,296 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain Directors and employees of the Company.   The options granted to Directors of the Company are as follows:

 

First (Financial year 2021) allocation

 

Simon Crowther

Alyson Levett

 

 

369,645

266,144



Second (Financial year 2022) allocation

 

Simon Crowther

Alyson Levett

 

 

369,645

266,144

 

The vesting of the LTIP options is conditional upon retaining employment with the Company at the date of vesting and achieving agreed monthly recurring revenue targets for the respective years and is subject to  approval from  the Company's remuneration committee. Vesting will be confirmed following certification by the auditors of closing MRR for the relevant financial year.

 

For further information please contact:

i-nexus Global plc

Simon Crowther, CEO

Alyson Levett, CFO

 

Via: Alma PR 

N+1 Singer (Nominated Adviser and Broker)

Sandy Fraser (Corporate Finance)

Tom Salvesen (Corporate Broking)

 

Tel: +44 (0)207 496 3000

Alma PR

Caroline Forde / Robyn Fisher

Tel: +44 (0)203 405 0205

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Simon Crowther

2. 

Reason for the notification

a. 

Position/status

Chief Executive Officer

b. 

Initial notification

/Amendment

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a. 

Name

i-nexus Global plc

b. 

LEI

213800QGMSEXNLYTU2g2

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 10p each ("Ordinary Shares")

 

 

 

ISIN: GB00BDFDLT01

b. 

Nature of the transaction

Grant of options over 739,290 Ordinary Shares under the i-nexus Global plc Long Term Investment Plan

c. 

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

10p

739,290

 

d. 

Aggregated information

Aggregated volume

Price

 

 

n/a single transaction

 

 

 

e. 

Date of the transaction

13/01/2021

f. 

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Alyson Levett

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

i-nexus Global plc

b. 

LEI

213800QGMSEXNLYTU2g2

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 10p each ("Ordinary Shares")

 

 

 

ISIN: GB00BDFDLT01

b. 

Nature of the transaction

Grant of options over 532,288 Ordinary Shares under the i-nexus Global plc Long Term Investment Plan

c. 

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

10p

532,288

 

d. 

Aggregated information

Aggregated volume

Price

 

 

n/a single transaction

 

 

 

e. 

Date of the transaction

13/01/2021

f. 

Place of the transaction

Outside a trading venue

 

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