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ATTRAQT Group PLC (ATQT)

ATTRAQT Group PLC

Grant of Director Options
RNS Number : 3927A
ATTRAQT Group PLC
29 May 2019
 

29 May 2019

Attraqt Group plc

("Attraqt", the "Group" or the "Company")

 

Grant of Director Options

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

 

Attraqt Group plc (AIM: ATQT), the provider of SaaS solutions that power exceptional online shopping experiences, announces the award of options (the "Options") over 1,063,686 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") to Luke McKeever, Chief Executive Officer, under the Attraqt Group plc Long Term Incentive Plan.

 

The award was granted as a non-tax advantaged award. The Options have a ten-year life and vest on the third anniversary of the award, subject to Luke's continued service with Attraqt, with an exercise price of 27 pence per Ordinary Share.

 

For further enquiries please contact:

 

Attraqt Group plc

Via Alma PR

Luke McKeever, CEO

 

Eric Dodd, CFO

 

 

 

Canaccord Genuity (Nominated Adviser, Financial Adviser and Sole Bookrunner)

+44 (0)20 7523 8000

Simon Bridges

 

Adam James

 

 

 

Alma PR

+44 (0)20 3405 0205

Rebecca Sanders-Hewett

ATQT@almapr.co.uk

Susie Hudson

 

Sam Modlin

 

 

About Attraqt Group plc

 

Attraqt powers exceptional shopping experiences for over 300 of the world's leading retail brands. The Company delivers omnichannel search, merchandising, and product & content personalization for retailers and brands. Simple-to-use interfaces and efficient workflows enable Merchandisers to take full control and enhance the value of smart automation with their own strategic expertise and creativity.

 

In 2019, Attraqt acquired Early Birds, the award-winning AI-driven personalization software provider. Together, the two companies combine Attraqt's pedigree in data-led search and merchandising capabilities to optimize product discovery and visual curation, with Early Birds' award-winning ability to empower learning algorithms to orchestrate and personalize the entire shopper journey. The benefits to retailers and brands will be the ability to orchestrate enhanced shopper journeys that also deliver superior commercial returns.

 

For more information visit www.attraqt.com 

 

Details of the full notifications received by the Company are set out below.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Luke McKeever

2

Reason for Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

Attraqt Group PLC

b)

LEI

213800M9C9HBKLLFSU91

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

Ordinary Shares of 1 pence each in Attraqt Group PLC

GB00BMJJFZ18

 

b)

Nature of the transaction

Entry into an Award Agreement pursuant to which the following option awards were granted under the Attraqt Group PLC Long Term Incentive Plan:

(i)    a non-tax advantaged award over 1,063,686  Ordinary Shares of 1 pence each in Attraqt Group PLC. 

 

The award was granted with an option price of 27 pence per share and will ordinarily become exercisable three years from the date of grant, subject to continued service, and once exercisable may be exercised at any point up until the tenth anniversary of the date of grant.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 

27 pence (exercise price)

 

1,063,685

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

28th May 2019

f)

Place of the transaction

Outside a trading venue

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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