Draper Esprit PLC Company Share Option Plan and Grant of Options (3532Q)
November 28 2016 - 12:22PM
UK Regulatory
TIDMGROW
RNS Number : 3532Q
Draper Esprit PLC
28 November 2016
DRAPER ESPRIT PLC
("Draper Esprit" or the "Company")
Adoption of Company Share Option Plan and Grant of Options and
dealings by Persons Discharging Managerial Responsibility
("PDMRs")
Draper Esprit PLC (AIM: GROW, ESM: GRW), one of the leading
venture capital investors involved in the creation, funding and
development of high-growth technology businesses with an emphasis
on digital technologies in the UK, the Republic of Ireland and
Europe, announces a new 2016 Company Share Option Plan ("CSOP") has
been adopted by the board of Draper Esprit. In addition, the
Company announces that options (the "Options") over a total of
1,771,770 ordinary shares with a nominal value of 0.01p pence each
in the share capital of the Company ("Ordinary Shares") have been
awarded pursuant to the CSOP at an exercise price of 355p per
Ordinary Share (being the closing mid-market price of an Ordinary
Share on 25 November 2016). The Options are exercisable after three
years and within ten years of the date of grant.
The Options represent, in aggregate, 4.3 per cent. of the
existing ordinary share capital of the Company and have been issued
to a number of employees of the Company, including the two
Executive Directors and two further PDMRs.
After the grant of these Options, these PDMRs hold the following
Ordinary Shares and Options:
PDMR Options Ordinary Shares
----------------- -------- ----------------
Simon Cook 234,835 2,230,214
----------------- -------- ----------------
Stuart Chapman 234,835 2,230,214
----------------- -------- ----------------
Brian Caulfield 234,835 1,324,237
----------------- -------- ----------------
Ben Wilkinson 174,648 2,479
----------------- -------- ----------------
Following these grants, further options may be granted pursuant
to the CSOP equating to approximately 0.7% per cent. of the issued
ordinary share capital of the Company.
For further information, please contact:
Draper Esprit plc
Simon Cook (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint Broker
Alex Ham
Garri Jones
Richard Thomas
Paul Gillam
Jamie Loughborough +44 (0)20 7260 1000
Goodbody Stockbrokers
ESM Adviser & Joint Broker
Don Harrington
Linda Hickey
Dearbhla Gallagher +252 1 667 0420
Belvedere Communications (PR)
John West
Kim van Beeck +44 (0)20 3567 0510
This information is provided by RNS
The company news service from the London Stock Exchange
END
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