13 October 2017
ECSC Group plc
("ECSC" or the "Company")
Directors' interest in shares
ECSC Group plc (AIM: ECSC), a provider of cyber security services, is pleased to announce the following:
Non-executive director remuneration
The Board of ECSC Group plc has agreed to alter the payment of service fees to its three non-executive directors from cash payments to the issue of nil exercise price share options.
The monthly entitlement to share options for each non-executive Director will be calculated by dividing 1/12th of their respective annual fee by the average closing middle market share price for the five trading days preceding the end of each month. As the nil exercise price share options are being issued in lieu of fees, and are not performance based, they will not be subject to performance criteria nor will they have minimum holding periods.
This change will take effect from 1st October 2017, and be reviewed in March 2018.
ECSC Group plc
Ian Mann (Chief Executive Officer)
Stephen Hammell (Chief Financial Officer)
+44 (0) 1274 736 223
Stockdale Securities (NOMAD and Broker)
+44 (0) 20 7601 6100
Alma PR (Financial PR)
+44 (0) 20 8004 4217
For more information please visit the following: www.ecsc.co.uk
Notes to Editors
ECSC is a proven provider of cyber security services with a blue-chip client base that offers a comprehensive range of solutions.
The Company has over 16 years' experience in the design, implementation and management of cyber security solutions. ECSC's consultancy-led approach, and its combination of custom methodologies and in-house proprietary technologies, enables the Company to provide individually tailored services to its clients. The Company has significant intellectual property, including bespoke products delivering remotely managed cyber security services and custom-made internal support and delivery systems.
The Company floated on AIM in December 2016 to accelerate its growth strategy and to take advantage of the importance attached to cyber security by company boards as a result of the recent proliferation of high profile cyber security breaches.
This information is provided by RNS