Grant of EMI Options

RNS Number : 5431W

Smartspace Software PLC

01 August 2018

 

1 August 2018

SmartSpace Software Plc

("SmartSpace" or the "Company" or the "Group")

Grant of EMI Share Options

SmartSpace Software Plc (formerly RedstoneConnect plc) announces that on 31 July 2018 it granted EMI options ("Options") over a total of 466,500 ordinary shares of 10 pence in the Company ("Ordinary Shares") to 58 employees ("Employee Options"). 100,000 of these Options have been granted to two employees who are also persons discharging managerial responsibilities (the "PDMRs Options").

The Employee Options have an exercise price of 101.25p per share (being the closing mid-market share price on 30 July 2018, the latest possible date prior to the date of grant), vest three years from the date of grant and once vested are exercisable at any time up to ten years after the date of grant, subject to performance conditions ensuring the employees remains in continuous employment within the Group for a three year period.

The PDMR Options have an exercise price of 101.25p per share (being the closing mid-market share price on 30 July 2018, the latest possible date prior to the date of grant) and are subject to performance conditions whereby the average mid-market closing share price of the Company's Ordinary Shares in any 90 day period in the period to 30 July 2021 is at or above certain defined levels, as follows:

Share price at or above:	Cumulative % vesting
150p	15%
250p	31%
350p	54%
450p	77%
500p	100%

The PDMR Options have been granted to individuals PDMRs under the EMI scheme as follows:

Name of PDMR	Role	No. of Options granted	Total Options over Ordinary Shares now held
Keith Jump	Chief Technology Officer	50,000	50,000
Steven Jump	Chief Revenue Officer	50,000	50,000

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Enquiries

SmartSpace Software Plc Guy van Zwanenberg (Chairman) Frank Beechinor (CEO)	via Vigo Communications
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Marc Milmo / Catherine Leftley	[phone]
Whitman Howard Limited (Joint Broker) Nick Lovering	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Antonia Pollock / Ben Simons [e-mail]	[phone]

About SmartSpace Software Plc

SmartSpace Software, designs and builds software to help people work smarter worldwide. The company's pioneering software solutions in workspace, retail and hospitality transform businesses today. The current software offering consists of modules which include desk management, wayfinding, car parking, visitor management, frictionless vending and space management.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keith Jump
2	Reason for the notification
a)	Position/status	PDMR
	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smartspace Software Plc
b)	LEI	213800IQXZ3XYCMH6U90
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	Grant of share options over Ordinary Shares of 10p each
	Identification code	ISIN: GB00BYWN0F98
b)	Nature of the transaction	Grant of share options over Ordinary Shares
c)	Price(s) and volume(s)
			Exercise Price(s) Volume(s) 101.25 50,000
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	31 July 2018
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steven Black
2	Reason for the notification
a)	Position/status	PDMR
	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smartspace Software Plc
b)	LEI	213800IQXZ3XYCMH6U90
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	Grant of share options over Ordinary Shares of 10p each
	Identification code	ISIN: GB00BYWN0F98
b)	Nature of the transaction	Grant of share options over Ordinary Shares
c)	Price(s) and volume(s)
			Exercise Price(s) Volume(s) 101.25 50,000
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	31 July 2018
f)	Place of the transaction	Off market

 

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