Source - LSE Regulatory
RNS Number : 8116P
Checkit PLC
22 February 2021
 

Checkit plc

("Checkit" or the "Group")

Grant of options and PDMR dealings

Checkit plc (AIM:CKT) announces that, on 19 February 2021, it granted options over ordinary shares of 5 pence each ("Ordinary Shares") to certain PDMRs to subscribe for, in aggregate, up to 455,000 Ordinary Shares under the Group's EMI and US Options Schemes (the "Options").

 

Options granted under both the EMI Options Scheme and US Options Scheme are exercisable after a three-year holding period and there are no performance conditions. Options granted under these schemes expire on the tenth anniversary of the date of grant.

 

Following the above award of the Options, the total options outstanding are as follows:

 

Date of

award

Exercise price

Number of options

Earliest exercise date

% of issued share capital

July 2020

40.5p

2,645,000

July 2023

4.24%

February 2021

55.5p

1,585,000

February 2024

2.54%

February 2021

55.0p

455,000

February 2024

0.73%

TOTAL


4,685,000


7.50%

 

Director/PDMR Dealings

Included within the above, the Options granted to certain Directors and PDMRs of the Group are as follows:

 

Director / PDMR

Number of new Options granted

Kit Kyte, Chief Commercial Officer

227,500

Stephen Peck, US Managing Director

227,500

 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

 

Checkit plc

+44 (0) 1223 371 000

www.checkit.net


Keith Daley (Executive Chairman)


Michelle Ho (Company Secretary)




N+1 Singer (Nominated Adviser & Broker) 

+44 (0) 20 7496 3000

Shaun Dobson / George Tzimas (Corporate Finance)


Rachel Hayes (Corporate Broking)


 



 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Kit Kyte

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Commercial Officer (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Checkit plc

b)

 

LEI

 

 

213800556WJOWQNT2R68

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

Ordinary Shares of 5 pence each



Identification code

ISIN: GB00B0C5RG72



b)

 

Nature of the transaction

 

 

Grant of options over Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Exercisable at 55.0 pence per Ordinary Share

227,500







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

19 February 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Stephen Peck

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

US Managing Director (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Checkit plc

b)

 

LEI

213800556WJOWQNT2R68

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

Ordinary Shares of 5 pence each



Identification code

ISIN: GB00B0C5RG72



b)

 

Nature of the transaction

 

 

Grant of options over Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Exercisable at 55.0 pence per Ordinary Share

227,500







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

19 February 2021

f)

Place of the transaction

Outside a trading venue

 

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