Elecosoft plc
(“Elecosoft” or “the Company”)
Issue of Options
Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that yesterday the Company issued a total of 750,000 options to subscribe for new ordinary shares in the Company under the Elecosoft 2015 Share Option Plan, as adopted by the shareholders at the AGM on 26 May 2016, to various directors of the Company (the “Options”). The Options shall vest if, and only if, the performance targets listed below are met:
1. Revenue of the Company as per the Accounts for the year ended 31 December 2018 is at least £21,400,000; and
2. EPS as per the Accounts for the year ended 31 December 2018 is at least 2.76 pence.
If either of the performance targets is not met, the Options shall lapse.
The options are exercisable at 28.7 pence and will expire on 26 October 2026. Details of director and other PDMR option awards are included in the disclosure notices at the end of this announcement.
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Director/PDMR |
Options issued |
Total options held post issue
|
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John Ketteley |
250,000 |
250,000
|
|
Graham Spratling |
150,000 |
150,000 |
|
Jason Ruddle
|
200,000
|
200,000
|
|
Jonathan Hunter |
150,000 |
150,000 |
|
For further information, please contact: |
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Elecosoft plc John Ketteley (Executive Chairman) Jonathan Hunter (Group Marketing and Business Development Director)
finnCap Ltd |
Tel: 020 7857 5210 |
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Adrian Hargrave / Kate Bannatyne (Corporate Finance) Camille Gochez (Corporate Broking) |
Tel: 020 7220 0500 |
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Redleaf Communications |
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Rebecca Sanders-Hewett / David Ison / Susie Hudson |
Tel: 020 7382 4730 |
About Elecosoft
Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft’s market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.
For more information, please visit www.elecosoft.com
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
John Ketteley |
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2. |
Reason for the Notification |
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a) |
Position/status |
Executive Chairman |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Elecosoft plc |
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b) |
LEI |
N/A |
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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 |
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|
a) |
Description of the Financial instrument, type of instrument |
Options to subscribe for new ordinary shares of 1p each |
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Identification code |
ELCO GB0003081246 |
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b) |
Nature of the transaction |
Grant of options |
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c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information: ·Aggregated volume ·Price |
n/a – single transaction
|
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e) |
Date of the transaction |
Share Option Granted 27th October 2016 |
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f) |
Place of the transaction |
Outside of a trading venue |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Graham Spratling |
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2. |
Reason for the Notification |
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a) |
Position/status |
Group Finance Director |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
Elecosoft plc |
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|
b) |
LEI |
N/A |
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|
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 |
Options to subscribe for new ordinary shares of 1p each |
||||||
|
Identification code |
ELCO GB0003081246 |
|||||||
|
b) |
Nature of the transaction |
Grant of options |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information: ·Aggregated volume ·Price |
n/a – single transaction
|
||||||
|
e) |
Date of the transaction |
Share Option Granted 27th October 2016 |
||||||
|
f) |
Place of the transaction |
Outside of a trading venue |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a) |
Name |
Jason Ruddle |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Operating Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
Elecosoft plc |
||||||
|
b) |
LEI |
N/A |
||||||
|
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 |
Options to subscribe for new ordinary shares of 1p each |
||||||
|
Identification code |
ELCO GB0003081246 |
|||||||
|
b) |
Nature of the transaction |
Grant of options |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information: ·Aggregated volume ·Price |
n/a – single transaction
|
||||||
|
e) |
Date of the transaction |
Share Option Granted 27th October 2016 |
||||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a) |
Name |
Jonathan Hunter |
||||||
|
2. |
Reason for the Notification |
|||||||
|
a) |
Position/status |
Group Marketing and Business Development Director |
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|
b) |
Initial notification/Amendment |
Initial notification |
||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
Elecosoft plc |
||||||
|
b) |
LEI |
N/A |
||||||
|
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 |
Options to subscribe for new ordinary shares of 1p each |
||||||
|
Identification code |
ELCO GB0003081246 |
|||||||
|
b) |
Nature of the transaction |
Grant of options |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information: ·Aggregated volume ·Price |
n/a – single transaction
|
||||||
|
e) |
Date of the transaction |
Group Marketing and Business Development Director |
||||||
|
f) |
Place of the transaction |
Outside of a trading venue |
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END
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