Aferian PLC Grant of Share Options (0586I)
August 09 2021 - 10:51AM
UK Regulatory
TIDMAFRN
RNS Number : 0586I
Aferian PLC
09 August 2021
9 August 2021
AFERIAN PLC
("Aferian", the "Company" or the "Group")
Grant of Share Options
Aferian plc (LSE AIM: AFRN), a software-led global media
technology company that delivers modern TV experiences, announces
that the Group's Remuneration Committee and the Board have granted
options ("Options") over ordinary shares of 1p ("Ordinary Shares")
to Donald McGarva (Chief Executive Office), and Mark Carlisle
(Chief Financial Officer and Chief Operations Officer).
A total of 191,500 Options were granted to Donald McGarva. As a
result, Donald McGarva now holds a total of 726,100 options over
Ordinary Shares and is also beneficially interested in a total of
553,698 Ordinary Shares.
A total of 136,500 Options were granted to Mark Carlisle. As a
result, Mark Carlisle now holds a total of 524,500 options over
Ordinary Shares and is also beneficially interested in a total of
8,751 Ordinary Shares.
Both these grants are nil-cost options, subject to continued
employment and will vest over a period of three years. They are
also subject to a performance condition tied to growth in share
price averaged over a 90 day period. Vesting will commence in the
event that average share price increases by amount approximately
equivalent to 5% compound annual growth measured over the three
year period. Full vesting would require the average share price to
grow over the period to 192p.
The Board of the Group considers Options are an effective and
important mechanism to incentivise and retain the executive team
and to align them with shareholder interests.
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
For further information please contact:
Aferian PLC +44 (0)1223 598197
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
+44 (0)20 7220
finnCap Ltd (NOMAD and Broker) 0500
Matt Goode / Simon Hicks (Corporate Finance)
Tim Redfern / Richard Chambers (Equity Capital
Markets)
+44 (0)20 3727
FTI Consulting (Financial communications) 1000
Emma Hall / Chris Birt / Gregory Hynes
About Aferian plc
Aferian plc (AIM: AFRN) is a software-led, global Media
Technology company. We deliver modern TV experiences the way
viewers want them, seamlessly integrating streaming and Pay TV
services. Our award-winning Next Generation technology platforms
enable operators, broadcasters and content owners to provide
viewers the choice, usability and convenience they expect.
It is our belief that successful media companies and services
will be those that are most consumer-centric, data driven and
flexible to change. We focus on innovating technologies that enable
our customers stay ahead of evolving viewer demand by providing
smarter, more cost-effective ways of delivering end-to-end modern
TV and video experiences to consumers. By anticipating
technological and behavioural audience trends, our software
solutions empower our customers to heighten viewer enjoyment, drive
growth in audience share and ultimately, their profitability.
Aferian plc has two operating companies: 24i, which focusses on
streaming video experiences, and Amino, which connects Pay TV to
streaming services. Our two complementary companies combine their
products and services to create solutions which ensure that people
can consume TV and video how and when they want it. Our solutions
deliver modern TV and video experiences every day to millions of
viewers globally, via our growing global customer base of over 500
service providers.
Aferian plc is listed on the London Stock Exchange Alternative
Investment Market (AIM: symbol AFRN). Headquartered in Cambridge,
UK, the company has over 350 staff located in offices in San
Francisco, Amsterdam, Helsinki, Copenhagen, Madrid, Porto, Brno,
Buenos Aires and Hong Kong. For more information, please visit
www.aferian.com .
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Donald McGarva, Chief Executive Officer
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status PDMR of the Company
-------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Aferian plc
-------------------------- ----------------------------------------
b) LEI 21380068JIMBNNZJL315
-------------------------- ----------------------------------------
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 Options over Ordinary Shares of 1.0p
financial instrument, each
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00B013SN63
-------------------------- ----------------------------------------
c) Nature of the transaction Grant of Options
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost
191,500 options over ordinary shares
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 191,500 options over ordinary shares
- Price Nil-cost
-------------------------- ----------------------------------------
e) Date of the transaction 9 August 2021
-------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Mark Carlisle, Chief Financial Officer
and Chief Operating Officer
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR of the Company
-------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Aferian plc
-------------------------- ---------------------------------------
b) LEI 21380068JIMBNNZJL315
-------------------------- ---------------------------------------
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 Options over Ordinary Shares of 1.0p
financial instrument, each
type of instrument
-------------------------- ---------------------------------------
b) Identification code GB00B013SN63
-------------------------- ---------------------------------------
c) Nature of the transaction Grant of Options
-------------------------- ---------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost
136,500 options over ordinary shares
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 136,500 options over ordinary shares
- Price Nil-cost
-------------------------- ---------------------------------------
e) Date of the transaction 9 August 2021
-------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ---------------------------------------
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END
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