Source - LSE Regulatory
RNS Number : 9580A
Maestrano Group PLC
07 June 2021
 

7 June 2021

Maestrano Group PLC ("Maestrano" or the "Company")

Historic Grants of Options

Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics (the "Company" or "Maestrano"), announces the grants of options under the Company's Enterprise Management Incentive Plan, to certain directors and PDMRs which were not notified at the time of grant.

All options were granted with an exercise price  at the closing price of Maestrano shares on the day prior to the grant and form part of standard remuneration packages, save in respect of certain grants to Non-executive Directors detailed further below. All options remain unexercised.

Date of grant

Name

Position

Options

Exercise price

Vesting period

01.07.19

Jonathan Macleod

Non-executive Director

300,000

1.3p

Over 2 years, in equal parts per annum

01.07.19

Jonathan Macleod

Non-executive Director

1,111,111

1.3p

Over 2 years, in equal parts per annum

01.07.19

John Davis

Non-executive Director

300,000

1.3p

Over 2 years, in equal parts per annum

01.07.19

John Davis

Non-executive Director

1,111,111

1.3p

Over 2 years, in equal parts per annum

01.07.19

Andrew Pearson**

Previous Director

1,760,000

1.3p

Over 3 years, in equal parts per annum

13.03.20

Nick McInnes

Non-executive Director

500,000

2p

Over 2 years, in equal parts per annum

13.03.20

Robert Lojszczyk

Director

300,000

2p

Over 2 years, in equal parts per annum

21.04.20

Andrew Pearson**

Previous Director

612,500

2.2p

1 year

21.04.20

Nicholas Smith *

Director

490,000

2.2p

1 year

21.04.20

Aaron Hoye *

PDMR

490,000

2.2p

1 year

21.04.20

Ashley Cox *

PDMR

490,000

2.2p

1 year

 

* Exercise conditions: (i) Maestrano Group PLC total revenue at least £1,000,000 for the year ending 30 June 2021, and (ii) that the optionholder is not a member of any concert party at the time of exercise.

**  Andrew Pearson was a director at the time of the above grants and has subsequently left the Company. 

 

Related Party Transactions

The grants of options to each of Jonathan MacLeod and John Davis have been identified as related party transactions under Rule 13 of the AIM Rules, however, were not identified as such at the time and accordingly the then Nominated Adviser was not consulted.  The Directors of the Company, excluding Messrs. MacLeod and Davis, consider that, having consulted with the Company's current Nominated Adviser, the terms of those option grants are fair and reasonable insofar as its Shareholders are concerned.

 

Enquiries:

Maestrano Group plc

Ian Buddery, Chairman                                                            c/o Arden Partners

Nick Smith, CEO                                                                          c/o Arden Partners

Arden Partners (Broker / Nominated Adviser)

Ruari McGirr / Richard Johnson / Akhil Shah                       +44 (0)20 7614 5900

 

About Maestrano

Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms. 

Further information on the Company is available at:  www.maestrano.com

 

Notifications of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan MacLeod

 

2

Reason for the notification

a)

Position/status

Non-Executive Director

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

1,411,111







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

01.07.19

f)

Place of the transaction

Off Exchange

 

a)

Name

John Davis

 

2

Reason for the notification

a)

Position/status

Non-Executive Director

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

1,411,111







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

01.07.19

f)

Place of the transaction

Off Exchange

 

a)

Name

Andrew Pearson

 

2

Reason for the notification

a)

Position/status

Previous Executive Director (resigned w.e.f. 11.01.21)

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

1,760,000







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

01.07.19

f)

Place of the transaction

Off Exchange

 

a)

Name

Nick McInnes

 

2

Reason for the notification

a)

Position/status

Non-Executive Director

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

500,000







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

13.03.20

f)

Place of the transaction

Off Exchange

 

a)

Name

Robert Lojszczyk

 

2

Reason for the notification

a)

Position/status

Executive Director

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

300,000







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

13.03.20

f)

Place of the transaction

Off Exchange

 

Name

Andrew Pearson

 

Reason for the notification

Position/status

Previous Executive Director (resigned w.e.f. 11.01.21)

 

Initial notification /Amendment

Initial notification

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

or auction monitor

Name

Maestrano Group plc

LEI

213800ZUBMOCVHSSJC14

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

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

Nature of the transaction

Grant of options

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

612,500







Aggregated information

N/A - single transaction

Date of the transaction

21.04.20

Place of the transaction

Off Exchange

 

 

a)

Name

Nicholas Smith

 

2

Reason for the notification

a)

Position/status

Executive Director

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

490,000







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

21.04.20

f)

Place of the transaction

Off Exchange

 

a)

Name

Aaron Hoye

 

2

Reason for the notification

a)

Position/status

Executive Director

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

490,000







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

21.04.20

f)

Place of the transaction

Off Exchange

 

a)

Name

Ashley Cox

 

2

Reason for the notification

a)

Position/status

PDMR

 

b)

Initial notification /Amendment

Initial notification

3

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

or auction monitor

a)

Name

Maestrano Group plc

b)

LEI

213800ZUBMOCVHSSJC14

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

Identification code

Ordinary shares of 1p

 

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




N/A

490,000







d)

Aggregated information

N/A - single transaction

e)

Date of the transaction

21.04.20

f)

Place of the transaction

Off Exchange

 

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