PROACTIS Holdings PLC Grant of options to Directors (0029P)

TIDMPHD

RNS Number : 0029P

PROACTIS Holdings PLC

15 February 2016

 
 Date:              15 February 2016 
 On behalf of:      PROACTIS Holdings PLC ("PROACTIS" the 
                     "Company" or "the Group") 
 Embargoed until:   0700hrs

PROACTIS Holdings PLC

Grant of options to Directors

PROACTIS Holdings PLC, the specialist Spend Control software provider, announces that on 12 February 2016, a total of 630,000 options over ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") were granted to certain Directors of the Company ( the "Options"). 210,000 Options were granted pursuant to the Company's Enterprise Management Incentive Scheme ("the EMI Scheme") and 420,000 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 114.5p per Ordinary Share, based on the closing middle market price of an Ordinary Share on the day of the grant. 210,000 Options will become exercisable on or after the first anniversary of the date of grant, 210,000 Options will become exercisable on or after the second anniversary of the date of grant and the remaining 210,000 Options will become exercisable on or after the third anniversary of the date of grant.

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                  -      210,000        780,582       290,378 
----------------  -----------  -----------  -------------  ------------ 
 Sean McDonough             -      210,000        699,315       446,645 
----------------  -----------  -----------  -------------  ------------ 
 Tim Sykes            210,000            -        210,000     1,162,802 
----------------  -----------  -----------  -------------  ------------

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

The Company now has 4,565,557 Options outstanding, representing 11.5% of the issued share capital of the Company.

Enquiries:

 
 PROACTIS Holdings PLC 
-----------------------------  --------------------------- 
 Rod Jones, Chief Executive     Via Redleaf Communications 
  Officer 
  Tim Sykes, Chief Financial 
  Officer 
-----------------------------  --------------------------- 
 Redleaf Communications 
-----------------------------  --------------------------- 
 Rebecca Sanders-Hewett 
  Sarah Fabietti 
  Harriet Lynch                 0207 382 4730 
-----------------------------  --------------------------- 
 
 finnCap Limited 
  Stuart Andrews 
  Carl Holmes                   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' solutions are used in over 800 organisations around the world from the commercial, public and not-for-profit sectors. It is the largest independent eProcurement solution provider to the UK Public Sector.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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