PROACTIS Holdings PLC Grant of options to Directors (8485X)

TIDMPHD

RNS Number : 8485X

PROACTIS Holdings PLC

16 January 2014

 
 Date:                   16 January 2014 
 On behalf of:           PROACTIS Holdings PLC ("PROACTIS" the "Company" 
                          or "the Group") 
 For immediate release

PROACTIS Holdings PLC

Grant of options to Directors

PROACTIS Holdings PLC, the specialist Spend Control software provider, announces that on 14 January 2014, a total of 1,907,880 options over ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares")("Options") were granted to Directors. 954,897 Options were granted pursuant to the Company's Enterprise Management Incentive Scheme ("the EMI Scheme") and 952,983 Options were granted pursuant to the Company's Executive Share Option Scheme ("the ESO Scheme").

The Options were granted for nil consideration with an exercise price of 36.5p per Ordinary Share. 572,364 Options will become exercisable if the price per Ordinary Share reaches 60p, 572,364 Options will become exercisable if the price per Ordinary Share reaches 75p and the remaining 763,152 Options will become exercisable if the price per Ordinary Share reaches 90p.

Following this grant of Options, the Directors hold the following Options:

 
                       Options granted        Total Options (including this 
                                                          grant) 
----------------  ------------------------  -------------------------------- 
                   EMI Scheme   ESO Scheme       EMI Scheme       ESO Scheme 
----------------  -----------  -----------  ---------------  --------------- 
 Rod Jones            555,582       80,378          830,582           80,378 
----------------  -----------  -----------  ---------------  --------------- 
 Sean McDonough       399,315      236,645          899,315          236,645 
----------------  -----------  -----------  ---------------  --------------- 
 Tim Sykes                  -      635,960                -        1,212,802 
----------------  -----------  -----------  ---------------  ---------------

Save for the above, the Directors' beneficial interests remain unchanged and as previously announced.

The Company now has 4,333,824 Options outstanding, representing 13.6% of the issued share capital of the Company.

Enquiries:

 
 PROACTIS Holdings PLC 
 Rod Jones, Chief Executive Officer     Via Redleaf Polhill 
  Tim Sykes, Chief Financial Officer 
 Redleaf Polhill 
 Rebecca Sanders-Hewett 
  Jenny Bahr 
  Rachael Brown                         0207 382 4730 
 
 finnCap Limited 
  Stuart Andrews 
  Charlotte Stranner                    0207 220 0500

Notes to Editors:

PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. PROACTIS is used in over 300 organisations around the world from the commercial, public and not-for-profit sectors.

PROACTIS is head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners.

PROACTIS floated on the AIM market of the London Stock Exchange in June 2006.

CLOUD COMPUTING is defined as location-independent computing, whereby shared servers provide resources, software, and data to computers and other devices on demand, as with the electricity grid.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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