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Draper Esprit PLC (GROW)

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Monday 28 November, 2016

Draper Esprit PLC

Company Share Option Plan and Grant of Options

RNS Number : 3532Q
Draper Esprit PLC
28 November 2016
 

 

DRAPER ESPRIT PLC

 

("Draper Esprit" or the "Company")

 

Adoption of Company Share Option Plan and Grant of Options and dealings by Persons Discharging Managerial Responsibility ("PDMRs")

 

Draper Esprit PLC (AIM: GROW, ESM: GRW), one of the leading venture capital investors involved in the creation, funding and development of high-growth technology businesses with an emphasis on digital technologies in the UK, the Republic of Ireland and Europe, announces a new 2016 Company Share Option Plan ("CSOP") has been adopted by the board of Draper Esprit. In addition, the Company announces that options (the "Options") over a total of 1,771,770 ordinary shares with a nominal value of 0.01p pence each in the share capital of the Company ("Ordinary Shares") have been awarded pursuant to the CSOP at an exercise price of 355p per Ordinary Share (being the closing mid-market price of an Ordinary Share on 25 November 2016). The Options are exercisable after three years and within ten years of the date of grant.

 

The Options represent, in aggregate, 4.3 per cent. of the existing ordinary share capital of the Company and have been issued to a number of employees of the Company, including the two Executive Directors and two further PDMRs.

 

After the grant of these Options, these PDMRs hold the following Ordinary Shares and Options:

PDMR

Options

Ordinary Shares

Simon Cook

234,835

2,230,214

Stuart Chapman

234,835

2,230,214

Brian Caulfield

234,835

1,324,237

Ben Wilkinson

174,648

2,479

 

Following these grants, further options may be granted pursuant to the CSOP equating to approximately 0.7% per cent. of the issued ordinary share capital of the Company.

 

For further information, please contact:

 

Draper Esprit plc

Simon Cook (Chief Executive Officer)

Ben Wilkinson (Chief Financial Officer)

 

+44 (0)20 7931 8800

 

Numis Securities

Nominated Adviser & Joint Broker

Alex Ham

Garri Jones

Richard Thomas

Paul Gillam

Jamie Loughborough

 

+44 (0)20 7260 1000

Goodbody Stockbrokers

ESM Adviser & Joint Broker

Don Harrington

Linda Hickey

Dearbhla Gallagher

 

 +252 1 667 0420

 

 

 

 

Belvedere Communications (PR)

John West

Kim van Beeck

 

+44 (0)20 3567 0510

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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