PROACTIS Holdings PLC Grant of options to Directors (0029P)
February 15 2016 - 2:01AM
UK Regulatory
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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