SpaceandPeople PLC Grant of Options and Surrender of Existing Options (6797X)
December 22 2023 - 2:00AM
UK Regulatory
TIDMSAL
RNS Number : 6797X
SpaceandPeople PLC
22 December 2023
SpaceandPeople PLC
("SpaceandPeople" or the "Company")
Grant of Options and Surrender of Existing Options
Grant of New Options
SpaceandPeople (AIM: SAL) the retail, promotional and brand
experience specialist, announces that it has today granted options
(the "New Options") over a total of 37,000 ordinary shares of 10
pence each in the Company ("Ordinary Shares") under its existing
EMI share option scheme (the "Scheme").
The New Options are exercisable at a price of 60 pence per
share, being the closing share price on the day immediately
preceding the date of grant of the New Options and will vest no
earlier than 21 December 2026. The New Options expire on the tenth
anniversary of the date of grant.
The New Options become exercisable on the third anniversary of
grant, subject to continued employment and the satisfaction of
certain performance conditions. These performance conditions (which
have been set by the Remuneration Committee of the Company) relate
to the achievement of specified financial targets that will be
assessed over the three years to 31 December 2026.
Details of the above grants, including confirmation of the New
Options granted to the Company's executive directors, (together,
the "Directors"), are as follows:
Name Role No. of Ordinary Shares
over which New Options granted
Nancy Cullen Chief Executive Officer 9,000
Gregor Dunlay Chief Financial Officer 9,000
Andrew Keiller Chief Operating Officer 9,000
Various other employees 10,000
------------------------------------------- --------------------------------
Total 37,000
Surrender of Existing Options
In 2015, the Company granted options to acquire shares in the
capital of the Company to certain employees and directors of the
Company pursuant to the Scheme. On 21 December 2023 the remaining
rights to the 2015 Options were surrendered for no
consideration.
Details of the above surrender are as follows:
Name Role No. of 2015 Options
surrendered
Nancy Cullen Chief Executive Officer 10,000
Gregor Dunlay Chief Financial Officer 10,000
Andrew Keiller Chief Operating Officer 2,500
Various other employees 1,750
------------------------------------------- --------------------
Total 24,250
Details of resultant holdings
Details of the Directors' resultant holdings of Ordinary Shares
and options over Ordinary Shares are as follows:
Name Role Total No. Ordinary Total No. Ordinary
Shares under Shares held
Option
---------------- ----------------- ------------------- -------------------
Chief Executive
Nancy Cullen Officer 26,500 133,300
Chief Financial
Gregor Dunlay Officer 37,750 1,000
Andrew Keiller Chief Operating 37,750 -
Officer
The total number of Ordinary Shares over which options have been
granted (including the New Options) is 195,000 representing 9.99%
per cent. of the Company's existing issued share capital.
Contact details:
SpaceandPeople Plc 0845 241 8215
Nancy Cullen, Gregor Dunlay
0203 829
Zeus (Nominated Adviser and Broker) 5000
David Foreman, Jamie Peel, Ed Beddows
The following notifications are intended to satisfy the
Company's obligations under Article 19(3) of EU Regulation No
596/2014 (the Market Abuse Regulation).
1 Details of the person discharging managerial responsibilities/person
closely associated
----------------------------------------------------------------------------------
a) Name 1. Nancy Cullen
2. Gregor Dunlay
3. Andrew Keiller
---- -------------------------- ------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Operating Officer
---- -------------------------- ------------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ----------------------------------------------------------------------------------
a) Name SpaceandPeople PLC
---- -------------------------- ------------------------------------------------------
b) LEI 21380026UDE3LKFSDP68
---- -------------------------- ------------------------------------------------------
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 Ordinary shares of 10 pence each ("Ordinary
the financial Shares")
instrument, type
of instrument
----
Identification ISIN: GB00B058DS79
code
---- -------------------------- ------------------------------------------------------
b) Nature of the Grant of options over Ordinary Shares pursuant
transaction to the SpaceandPeople plc 2012 Enterprise Management
Incentive Scheme
---- -------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
60 pence (exercise
1. price) 9,000
--- ------------------- ----------
60 pence (exercise
2. price) 9,000
--- ------------------- ----------
60 pence (exercise
3. price) 9,000
--- ------------------- ----------
---- -------------------------- ------------------------------------------------------
d) Aggregated information
* Aggregated volume
1. N/A single transaction
2. N/A single transaction
* Price 3. N/A single transaction
---- -------------------------- ------------------------------------------------------
e) Date of the transaction 21 December 2023
---- -------------------------- ------------------------------------------------------
f) Place of the transaction Off market
---- -------------------------- ------------------------------------------------------
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END
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