Maistro PLC Surrender and Grant of Share Options (2434U)
March 28 2019 - 3:00AM
UK Regulatory
TIDMMAIS
RNS Number : 2434U
Maistro PLC
28 March 2019
Maistro plc
(the "Company")
Surrender and Grant of Share Options
The Company announces that, following approval by the Company's
Remuneration Committee, certain share options in issue have been
surrendered and new share options granted with an exercise price of
GBP0.0125 in order to align incentivisation with current share
price levels.
The table below sets out the impact of the surrender and grant
of share options to PDMRs:
No of share Date of grant Previous No of new exercise
options exercise share options price
surrendered price granted
Laurence
Cook 4,412,785 20/09/2017 GBP0.04375 9,213,174 GBP0.0125
562,500 12/12/2017 GBP0.06500
------------- -------------- ------------ --------------- ----------
Ian Cleverly 1,770,928 19/04/2018 GBP0.04000 3,071,057 GBP0.0125
------------- -------------- ------------ --------------- ----------
Mark O'Shea 70,000 15/10/2015 GBP0.30000 2,939,387 GBP0.0125
35,000 18/12/2015 GBP0.18000
750,000 20/09/2017 GBP0.04375
840,000 12/12/2017 GBP0.06500
------------- -------------- ------------ --------------- ----------
The number of outstanding share options in the Company held by
the above PDMRs totals 16,758,342 (including 1,534,724 share
options granted to Ian Cleverly in January 2019 which have not been
surrendered), representing 4.18% of the Company's issued share
capital. The vesting period and performance condition of the above
options remains unchanged.
For the avoidance of doubt, options granted to David Rowe at the
time of the August 2017 placing which form part of his
incentive-based remuneration package are excluded from the above
table.
Enquiries:
Maistro plc
David Rowe (Chairman) +44 (0)800 048 8664
Laurence Cook
N+1 Singer (Nominated Adviser and
Broker) +44 (0)20 7496 3000
Shaun Dobson/James White (Corporate
Finance)
Tom Salvesen/Mia Gardner (Corporate
Broking)
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Laurence Cook
------------------------------------------------------------ ---------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------------------------ ---------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Maistro plc
------------------------------------------------------------ ---------------------------------------------------
b) LEI 213800TX3CITOTF2SE60
------------------------------------------------------------ ---------------------------------------------------
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 instrument, type of instrument Share options over ordinary shares of 1 penny each
ISIN for ordinary shares GB00B8DX2616
Identification code
------------------------------------------------------------ ---------------------------------------------------
b) Nature of the transaction Surrender of 4,975,285 share options
Grant of new share options for nil consideration
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
GBP0.0125 each 9,213,174
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information- Aggregated volume n/a - single transaction
- Price
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 26 March 2019
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------------------------ ---------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Ian Cleverly
------------------------------------------------------------ ---------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------------------------------ ---------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Maistro plc
------------------------------------------------------------ ---------------------------------------------------
b) LEI 213800TX3CITOTF2SE60
------------------------------------------------------------ ---------------------------------------------------
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 instrument, type of instrument Share options over ordinary shares of 1 penny each
ISIN for ordinary shares GB00B8DX2616
Identification code
------------------------------------------------------------ ---------------------------------------------------
b) Nature of the transaction Surrender of 1,770,928 share options
Grant of new share options for nil consideration
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
GBP0.0125 each 3,071,057
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information- Aggregated volume n/a - single transaction
- Price
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 26 March 2019
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------------------------ ---------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Mark O'Shea
------------------------------------------------------------ ---------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Technical Officer (PDMR)
------------------------------------------------------------ ---------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Maistro plc
------------------------------------------------------------ ---------------------------------------------------
b) LEI 213800TX3CITOTF2SE60
------------------------------------------------------------ ---------------------------------------------------
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 instrument, type of instrument Share options over ordinary shares of 1 penny each
ISIN for ordinary shares GB00B8DX2616
Identification code
------------------------------------------------------------ ---------------------------------------------------
b) Nature of the transaction Surrender of 1,695,000 share options
Grant of new share options for nil consideration
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
GBP0.0125 each 2,939,387
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information- Aggregated volume n/a - single transaction
- Price
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 26 March 2019
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------------------------ ---------------------------------------------------
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
MSCKMGZFNNZGLZM
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