TIDMBST
RNS Number : 0230B
Big Sofa Technologies Group PLC
04 January 2018
4 January 2018
Big Sofa Technologies Group plc
("Big Sofa" or the "Company")
Director/PDMR Shareholdings &
Grant of Share Options
Big Sofa (AIM: BST), a fast-growing international video
analytics provider to consumer brands and market research agencies,
announces the issuance of shares and the granting of share
options.
Director/PDMR Share Issue
The following shares have been issued (at a price of 13.1p being
the average mid-market closing price of the Company's Ordinary
Shares for the 5 business days prior to the issue of such Ordinary
Shares) to non-executive directors/PDMRs who had, as previously
announced on 29 August 2017, agreed to receive directors' fees
through 31 December 2017 in Big Sofa shares:
Name Director/ No. of No. of shares % of ordinary
PDMR shares beneficially share capital
issued held post beneficially
in settlement Admission held post
of directors' Admission
fees
-------------------- ----------- --------------- -------------- ---------------
Nicholas
Mustoe Director 76,336 2,775,116 4.23%
-------------------- ----------- --------------- -------------- ---------------
Adam Reynolds(1) Director 76,336 1,430,403 2.18%
-------------------- ----------- --------------- -------------- ---------------
Steven Metcalfe(2) Director 76,336 1,388,737 2.12%
-------------------- ----------- --------------- -------------- ---------------
Paul Clark Director 76,336 2,486,585 3.79%
-------------------- ----------- --------------- -------------- ---------------
Terry Back(3) PDMR 171,756 260,619 0.40%
-------------------- ----------- --------------- -------------- ---------------
TOTAL 477,100
--------------------------------- --------------- -------------- ---------------
(1) to be issued to Reyco Limited
(2) to be issued to Metcalfe Consultancy Limited
(3) to be issued to SE16 LLP
Application has been made for these shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur on or
around 10 January 2018.
Total Voting Rights
The Company's total issued ordinary share capital following
Admission will be 65,608,580 Ordinary Shares of 3p each. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Disclosure Guidance and Transparency Rules.
Grant of Share Options
(i) General Employee Share Option Plan
As part of the Company's commitment to cost saving, to staff
retention and incentivisation and to encouraging alignment between
all employees of the Company and its shareholders, the Company has
granted each employee of the Company (including executive
directors, Simon Lidington, Matthew Lynch, Joseph MacCarthy)
options over 38,095 shares, resulting in the grant of an aggregate
1,257,143 share options, with an exercise price of 13.125p per
share (reflecting the mid-market closing price of the Company's
shares on 29 December 2017), and with a vesting period for 50% of
the options on 19 December 2018 and 50% on 19 December 2019.
(ii) Executive Director and Key Staff Incentive and Retention Options
In addition to the general employee share option grants
described above, options over an aggregate 794,118 shares have been
granted to staff members (other than directors/PDMRs) who the board
considers are key to the future growth of Big Sofa. These are at an
exercise price of 17p per share, and with a vesting period for 50%
of the options on 19 December 2018 and 50% on 19 December 2019.
Big Sofa has also granted 463,235 share options to members of
senior management and 1,132,354 share options to the following
executive directors, at an exercise price of 17p per share, which
vest immediately:
Name No. of share
options
granted
------------------ -------------
Simon Lidington 411,765
------------------ -------------
Matthew Lynch 308,824
------------------ -------------
Joseph MacCarthy 411,765
------------------ -------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities / person closely associated
with them.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Nicholas Mustoe
--- ------------------------------- ----------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- ----------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- ----------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- ----------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- ----------------------------
c) Nature of the transactions Acquisition of shares as
settlement for outstanding
directors' fees, subject
to Admission
--- ------------------------------- ----------------------------
d) Price(s) and volume(s) Price: 13.1p
Volume: 76,336 shares
--- ------------------------------- ----------------------------
e) Aggregated information As for d) above
- Aggregated volume
- Price
--- ------------------------------- ----------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- ----------------------------
f) Place of the transactions Off-market
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Adam Reynolds
--- ------------------------------- ----------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- ----------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- ----------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- ----------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- ----------------------------
c) Nature of the transactions Acquisition of shares as
settlement for outstanding
directors' fees, subject
to Admission
--- ------------------------------- ----------------------------
d) Price(s) and volume(s) Price: 13.1p
Volume: 76,336 shares
--- ------------------------------- ----------------------------
e) Aggregated information As for d) above.
- Aggregated volume
- Price
--- ------------------------------- ----------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- ----------------------------
f) Place of the transactions Off-market
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Steven Metcalfe
--- ------------------------------- ----------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- ----------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- ----------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- ----------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- ----------------------------
c) Nature of the transactions Acquisition of shares as
settlement for outstanding
directors' fees, subject
to Admission
--- ------------------------------- ----------------------------
d) Price(s) and volume(s) Price: 13.1p
Volume: 76,336 shares
--- ------------------------------- ----------------------------
e) Aggregated information As per d) above
- Aggregated volume
- Price
--- ------------------------------- ----------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- ----------------------------
f) Place of the transactions Off-market
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Paul Clark
--- ------------------------------- ----------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- ----------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- ----------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- ----------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- ----------------------------
c) Nature of the transactions Acquisition of shares as
settlement for outstanding
directors' fees, subject
to Admission
--- ------------------------------- ----------------------------
d) Price(s) and volume(s) Price: 13.1p
Volume: 76,336 shares
--- ------------------------------- ----------------------------
e) Aggregated information As per d) above
- Aggregated volume
- Price
--- ------------------------------- ----------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- ----------------------------
f) Place of the transactions Off-market
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name Terry Back
--- ------------------------------- ----------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- ----------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- ----------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- ----------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- ----------------------------
c) Nature of the transactions Acquisition of shares as
settlement for outstanding
directors' fees, subject
to Admission
--- ------------------------------- ----------------------------
d) Price(s) and volume(s) Price: 13.1p
Volume: 171,756 shares
--- ------------------------------- ----------------------------
e) Aggregated information As per d) above
- Aggregated volume
- Price
--- ------------------------------- ----------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- ----------------------------
f) Place of the transactions Off-market
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------
a) Name Simon Lidington
--- ------------------------------- --------------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- --------------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- --------------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- --------------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- --------------------------------
c) Nature of the transactions Grant of options
--- ------------------------------- --------------------------------
d) Price(s) and volume(s) (1) Price: 17p; Volume: 411,765
shares
(2) Price 13.125p, Volume
38,095 shares
--- ------------------------------- --------------------------------
e) Aggregated information As per d) above
- Aggregated volume
- Price
--- ------------------------------- --------------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- --------------------------------
f) Place of the transactions Off-market
--- ------------------------------- --------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------
a) Name Matthew Lynch
--- ------------------------------- --------------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- --------------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- --------------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- --------------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- --------------------------------
c) Nature of the transactions Grant of options
--- ------------------------------- --------------------------------
d) Price(s) and volume(s) (1) Price: 17p; Volume: 308,824
shares
(2) Price 13.125p, Volume
38,095 shares
--- ------------------------------- --------------------------------
e) Aggregated information As per d) above
- Aggregated volume
- Price
--- ------------------------------- --------------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- --------------------------------
f) Place of the transactions Off-market
--- ------------------------------- --------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------
a) Name Joseph MacCarthy
--- ------------------------------- --------------------------------
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 Big Sofa Technologies Group
plc
--- ------------------------------- --------------------------------
b) LEI 213800OHTMACPIYEM990
--- ------------------------------- --------------------------------
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 Ordinary Shares of 3 pence
financial instrument each
--- ------------------------------- --------------------------------
b) Identification code GBOOBZIB7619
--- ------------------------------- --------------------------------
c) Nature of the transactions Grant of Options
--- ------------------------------- --------------------------------
d) Price(s) and volume(s) (1) Price: 17p; Volume: 411,765
shares
(2) Price 13.125p, Volume
38,095 shares
--- ------------------------------- --------------------------------
e) Aggregated information As per d) above
- Aggregated volume
- Price
--- ------------------------------- --------------------------------
f) Date of the transactions 4 January 2018
--- ------------------------------- --------------------------------
f) Place of the transactions Off-market
--- ------------------------------- --------------------------------
Enquiries
Big Sofa Technologies Group via Vigo Communications
plc
Simon Lidington, CEO
Matt Lynch, CSO
Joe MacCarthy, CFO
Vigo Communications (Financial +44 (0) 20 7830
Public Relations) 9700
Ben Simons / Jeremy Garcia
/ Antonia Pollock
+44 (0)20 3368
SPARK Advisory Partners (NOMAD) 3554
Neil Baldwin / Mark Brady
+44 (0) 20 7070
Hobart Capital Markets (Broker) 5656
Lee Richardson / Phillip Worton
About Big Sofa Technologies Group plc
Big Sofa is a B2B technology business servicing the marketing
and consumer insight industries with video analytics.
Our software platform collates, analyses and organises large
volumes of raw/unstructured video content enabling companies to
perform detailed and sophisticated consumer insight analysis; and
make genuine use of their video content.
Until recently, video has been difficult and expensive to
capture, upload, store, manage and analyse as a consumer insight
tool. However, proliferation of smart phones has empowered
consumers to speak directly to brands resulting in an evolution of
consumer insight and data analytics techniques, with video emerging
as a key platform in a massive $33 billion consumer research
market.
Big Sofa's shares are admitted to trading on the London Stock
Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 04, 2018 11:06 ET (16:06 GMT)
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