ATTRAQT Group PLC Director/PDMR Shareholding (1625Q)
June 17 2020 - 2:00AM
UK Regulatory
TIDMATQT
RNS Number : 1625Q
ATTRAQT Group PLC
17 June 2020
NOTIFICATION DEALING WITH GRANT OF AWARDS UNDER THE PLAN
ATTRAQT Group PLC
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 15(th) June 2020 the following awards over ordinary shares of
1 pence in ATTRAQT Group PLC were granted under the ATTRAQT Group
PLC Long Term Incentive Plan to the following person(s) discharging
managerial responsibilities ("PDMRs"):
PDMR No. of shares under Award
Mark Adams 909,090 ( granted as an EMI award)
-------------------------------------------
1,340,910 (granted as a non-tax advantaged
award)
-------------------------------------------
The awards were granted pursuant to separate Award Agreements
entered into between ATTRAQT Group PLC and each of the PDMRs. Each
Award Agreement granted two awards to each PDMR. One award granted
to each PDMR was granted as a tax advantaged Enterprise Management
Incentive ("EMI") award, and was granted over shares which have a
market value on the grant date of GBP249,999.75 (being the maximum
value over which tax advantaged EMI awards may be granted under the
applicable legislation). A further non-tax advantaged award was
granted to each PDMR over the balance of the shares which are not
comprised within such PDMR's EMI award.
The awards will become exercisable at a rate of 25% per annum
(with the options in the EMI award being exercisable first),
subject to the grantee's continued service with the ATTRAQT group
and will remain exercisable at any point up until the tenth
anniversary of the date of grant.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Adams
------------------------------- -------------------------------------------------
2 Reason for Notification
----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- -------------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name ATTRAQT Group PLC
------------------------------- -------------------------------------------------
b) LEI 213800M9C9HBKLLFSU91
------------------------------- -------------------------------------------------
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 Ordinary Shares of 1 pence each in
instrument, type of ATTRAQT Group PLC
instrument GB00BMJJFZ18
Identification code
------------------------------- -------------------------------------------------
b) Nature of the transaction Entry into an Award Agreement pursuant
to which the following option awards
were granted under the ATTRAQT Group
PLC Long Term Incentive Plan:
(i) a tax advantaged Enterprise Management
Incentive Award over 909,090 Ordinary
Shares of 1 pence each in ATTRAQT Group
PLC; and
(ii) a non-tax advantaged award over
1,340,910 Ordinary Shares of 1 pence
each in ATTRAQT Group PLC.
Each award was granted with an option
price of 27.5 pence per share and will
become exercisable at a rate of 25%
per annum from the date of grant (with
the options in the EMI Award being
exercisable first), subject to continued
service, and once exercisable may be
exercised at any point up until the
tenth anniversary of the date of grant.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,250,000
----------
------------------------------- -------------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- -------------------------------------------------
e) Date of the transaction 15(th) June 2020
------------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------------
Enquiries:
Eric Dodd, Company Secretary of ATTRAQT Group PLC
Email: edodd@attraqt.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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