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ATTRAQT Group PLC (ATQT)

ATTRAQT Group PLC

Director/PDMR Shareholding
RNS Number : 1625Q
ATTRAQT Group PLC
17 June 2020
 

NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE PLAN

 

ATTRAQT Group PLC

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

On 15th June 2020 the following awards over ordinary shares of 1 pence in ATTRAQT Group PLC were granted under the ATTRAQT Group PLC Long Term Incentive Plan to the following person(s) discharging managerial responsibilities ("PDMRs"):

PDMR

No. of shares under Award

Mark Adams

909,090 ( granted as an EMI award)

1,340,910 (granted as a non-tax advantaged award)

The awards were granted pursuant to separate Award Agreements entered into between ATTRAQT Group PLC and each of the PDMRs. Each Award Agreement granted two awards to each PDMR. One award granted to each PDMR was granted as a tax advantaged Enterprise Management Incentive ("EMI") award, and was granted over shares which have a market value on the grant date of £249,999.75 (being the maximum value over which tax advantaged EMI awards may be granted under the applicable legislation). A further non-tax advantaged award was granted to each PDMR over the balance of the shares which are not comprised within such PDMR's EMI award.

The awards will become exercisable at a rate of 25% per annum (with the options in the EMI award being exercisable first), subject to the grantee's continued service with the ATTRAQT group and will remain exercisable at any point up until the tenth anniversary of the date of grant.

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

Mark Adams

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 tax advantaged Enterprise Management Incentive Award over 909,090 Ordinary Shares of 1 pence each in ATTRAQT Group PLC; and

(ii)  a non-tax advantaged award over 1,340,910 Ordinary Shares of 1 pence each in ATTRAQT Group PLC. 

Each award was granted with an option price of 27.5 pence per share and will become exercisable at a rate of 25% per annum from the date of grant (with the options in the EMI Award being exercisable first), 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)

Nil

2,250,000

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

15th June 2020

f)

Place of the transaction

Outside a trading venue

Enquiries: 

Eric Dodd, Company Secretary of ATTRAQT Group PLC

Email: edodd@attraqt.com  

 

 


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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