Back to Regulatory News

Issue of Options

RNS Number : 9645P
Eleco PLC
23 February 2021
 

23 February 2021

Eleco Plc

(“Eleco” or the “Company”) 

Issue of Options

The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction software specialist, advises that on 23 February 2021 the Company issued a total of 700,000 options to subscribe for new ordinary shares in the Company under the Elecosoft 2014 Share Option Plan in the following amounts:

 

Director/PDMR

Options Issued

Total Options Held Post Issue

 

Serena Lang

250,000

500,000

Jonathan Hunter

250,000

600,000

Benjamin Moralee

100,000

250,000

Anders Karlsson

100,000

400,000

 

The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2023 is at least higher or above 20% than EPS as per the Accounts for the year ended 31 December 2020.

The Options are exercisable at 100.4 pence and will expire on 23 February 2031.

 

Following the issue of the Options; (details of which are included in the disclosure notice at the end of this announcement).

The total number of options in issue post award is 2,940,000, representing approximately 3.5% of the Company’s issued share capital.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

For further information, please contact:

 

 

Eleco plc

Tel: +44 (0)20 7422 8000

Serena Lang, Executive Chairman

 

Jonathan Hunter, Chief Executive Officer

Ben Moralee, Group Finance Director

 

 

finnCap Limited

 

Tel: +44 (0)20 7220 0500

Geoff Nash / Kate Bannatyne /  (Nomad)

 

Richard Chambers (ECM)

 

 

SEC Newgate

 

Tel: +44 (0)20 3757 6880

Elisabeth Cowell / Isabelle Smurfit

eleco@secnewgate.co.uk

 

 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the UK, Sweden, Germany, Netherlands and the USA.

The Company’s market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden and Germany, and its solutions include  project management, estimating, timber engineering, CAD and visualisation, asset and facility management and cloud-based digital marketing solutions.

For further information please visit  www.eleco.com .

 

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

Serena Lang – Executive Chairman

Jonathan Hunter – Chief Executive Officer

Benjamin Moralee – Finance Director

Anders Karlsson – Managing Director

 

2.               

Reason for the Notification

a)

Position/status

See 1a) above

b)

Initial notification/Amendment

Initial notification

3.    

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

a)

Name

Eleco plc

b)

LEI

21380016GT9Z6ZQX4T37

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)

Director

Price(s)

Volume(s)

S Lang

100.2p

250,000

J Hunter

100.2p

250,000

B Moralee

100.2p

100,000

A Karlsson

100.2p

100,000

 

d)

Aggregated information:

Aggregated volume

Price

 

See 4c) above

 

e)

Date of the transaction

Share Options as described in 4c) 22 February 2021

f)

Place of the transaction

Outside of 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 
 

DSHLLLLLFLLEBBF

Related News

Exercise of Options and Total Voting Rights

RNS Number : 0898Q Eleco PLC 23 February 2021   23 February 2021 Eleco Plc ("Eleco" or the "Company")  Exercise of Options and Total Voting...
Read more

Directorate Change

RNS Number : 5354O Eleco PLC 10 February 2021   10 February 2021 Eleco plc ("Eleco" or the "Company")   Directorate Change   Eleco plc,...
Read more

Year-end Trading Update

RNS Number : 0938M Eleco PLC 19 January 2021   19 January 2021 Eleco Plc ("Eleco" or the "Company")  Year-end trading update The Board of...
Read more