Elecosoft PLC Issue of Options (2455E)
February 08 2018 - 2:00AM
UK Regulatory
TIDMELCO
RNS Number : 2455E
Elecosoft PLC
08 February 2018
Elecosoft plc
("Elecosoft", the "Company" or the "Group")
Issue of Options
Elecosoft plc (AIM: ELCO), the AIM-listed construction software
specialist, announces that today the Company issued a total of
250,000 options to subscribe for new ordinary shares of 1 pence
each ("Ordinary Shares") in the Company under the Elecosoft 2015
Share Option Plan, as adopted by the shareholders at the AGM on 26
May 2016, to employees and a director of the Company (the
"Options"). The Options shall vest if, and only if, EPS as per the
Accounts for the year ended 31 December 2019 is at least 2.97
pence. If the performance target is not met, the Options shall
lapse.
The Options are exercisable at 45.0 pence and will expire on 8
August 2027. Details of the director award is included in the
disclosure notice at the end of this announcement.
Director/PDMR Options Issued Total Options
Held Post Issue
Simon Morgan 150,000 150,000
For further information please
contact:
Elecosoft plc www.elecosoft.com
John Ketteley, Executive Chairman Tel: 020 7422
Jonathan Hunter, Chief Operating 8000
Officer
finnCap Ltd Tel: 020 7220
Adrian Hargrave / Kate Bannatyne 0500
(Corporate Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications Tel: 020 3757
Elisabeth Cowell / Fiona Norman 6880
elecosoft@redleafpr.com
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
About Elecosoft plc
Elecosoft is listed on the Alternative Investment Market in
London (AIM: ELCO). It is a specialist international provider of
software and related services to the architectural, engineering,
construction and digital marketing industries from centres of
excellence in the UK, Sweden, Germany and the US. Elecosoft's
market leading software solutions are developed by teams in the
United Kingdom, Sweden and Germany; and its software programs cover
project management, construction site management, estimating,
timber engineering, 3D design and visualisation, and cloud based
digital marketing solutions.
For more information, please visit www.elecosoft.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Simon Morgan - Finance
Director
--- ------------------------------- -------------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------------
a) Position/status See 1a) above
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Elecosoft plc
--- ------------------------------- -------------------------------------
b) LEI LEI: 21380016GT9Z6ZQX4T37
--- ------------------------------- -------------------------------------
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 Options to subscribe
the Financial for new ordinary shares
instrument, type of 1p each
of instrument
---
Identification ELCO GB0003081246
code
--- ------------------------------- -------------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- -------------------------------------
c) Price(s) and Director Price(s) Volume(s)
volume(s) Simon Morgan 45.0p 150,000
--- ------------------------------- -------------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
--- ------------------------------- -------------------------------------
e) Date of the transaction Share Options as described
in 4c) Granted 7 February
2018
--- ------------------------------- -------------------------------------
f) Place of the Outside of a trading
transaction venue
--- ------------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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