PROACTIS Holdings PLC Grant of options to Directors (8485X)
January 16 2014 - 9:02AM
UK Regulatory
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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