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) |
| |||||||||||||||
| 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 | |||||||||||||||
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