28 October 2021
D4t4 Solutions plc
Grant of Awards under Long Term Incentive Plan
D4t4 Solutions Plc (AIM: D4T4, "the Group", "D4t4"), the AIM-listed data solutions provider, announces that earlier today Bill Bruno, CEO and Ash Mehta, CFO were granted options over ordinary shares of two pence each in the Company ("Shares"). Awards were made in two tranches as set out below under the terms of the D4t4 Long Term Incentive Plan ("LTIP"). These awards have been made following the recent appointment of the two directors to their respective roles:
| Director/ PDMR | Position | Tranche A (Shares) | Tranche B (Shares) |
| | | | |
| Bill Bruno | Chief Executive Officer | 66,185 | 49,638 |
| Ash Mehta | Chief Financial Officer | 34,974 | 23,316 |
The awards are all exercisable at a price of two pence per Share and will vest three years after grant, subject to the continued employment of the relevant director.
Vesting of awards in Tranche A is also subject to the satisfaction over the three-year period from the date of grant of specified performance conditions, based on the Company's relative Total Shareholder Return (TSR) in respect of half of the award, and growth in Annual Recurring Revenue (ARR) in respect of the other half. Vesting criteria have been set as follows:
· 15% compound growth in ARR to achieve minimum award vesting, with a sliding scale above this level, up to full vesting at 27.5% compound growth; and
· TSR of no less than median performance against the selected benchmark for minimum vesting, with a sliding scale above this level, up to full vesting for top-quartile performance.
Tranche B represents a one-off award, without Company performance conditions.
Enquiries
| D4t4 Solutions Plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
| +44 (0) 1932 893333
|
| finnCap (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Alice Lane, Charlotte Sutcliffe, ECM
| +44 (0) 20 7220 0500 |
| Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts
| +44 (0) 20 7523 8000 |
| Instinctif Partners Rozi Morris / Hannah Campbell / Joe Quinlan | +44 (0) 20 7457 2020 |
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 which forms part of UK Law by virtue of the European Union (Withdrawal) Act 2018.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Bill Bruno
| |
| 2 | Reason for the notification | ||
| a) | Position/status
| Chief Executive Officer | |
| b) | Initial notification /Amendment
| Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a)
| Name
| D4t4 Solutions plc | |
| b)
| LEI | 213800HP3XUS3KTGWT63 | |
| 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
| Options over Ordinary Shares of 2 pence each
ISIN: GB0001351955 | |
| b)
| Nature of the transaction
| Grant of awards made pursuant to the D4T4 Long Term Incentive Plan, at an exercise price of £0.02 per share | |
| c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| Nil
| 115,823 | ||
| d) | Aggregated information
- Aggregated volume
- Price
| As above
| |
| e)
| Date of the transaction
| 28 October 2021
| |
| f)
| Place of the transaction
| Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Ash Mehta | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Chief Financial Officer | |
| b) | Initial notification /Amendment
| Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a)
| Name
| D4t4 Solutions plc | |
| b)
| LEI | 213800HP3XUS3KTGWT63 | |
| 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
| Options over Ordinary Shares of 2 pence each
ISIN: GB0001351955 | |
| b)
| Nature of the transaction
| Grant of awards made pursuant to the D4T4 Long Term Incentive Plan, at an exercise price of £0.02 per share | |
| c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| Nil | 58,290 | ||
| d) | Aggregated information
- Aggregated volume
- Price
| As above | |
| e)
| Date of the transaction
| 28 October 2021
| |
| f)
| Place of the transaction
| Outside a trading venue | |
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