10 December 2024
Rosslyn Data Technologies
plc
("Rosslyn" or the "Company")
Grant and Cancellation of
Options
Rosslyn (AIM: RDT), the provider of
a leading cloud-based enterprise spend intelligence
platform, announces
the grant of options over ordinary shares of 0.1p each in the
Company ("Ordinary Shares") and the concurrent cancellation of
options over Ordinary Shares. This includes the grant of options
to, and cancellation of options held by, a Director and a PDMR of
the Company.
The Board recognises the importance
of share options to appropriately incentivise and retain employees
as well as to ensure their interests are aligned with that of the
Company and its shareholders. Following a review of employee
incentives, the Remuneration Committee of the Board recommended
that, given the prevailing share price of the Company and the
increase in the issued share capital following the recent
fundraise, the existing awards of share options were no longer a
reasonable incentive and should be replaced to re-align the option
scheme with the current share price and share capital.
Accordingly, the Company, on 9
December 2024, cancelled 1,615,824 options over Ordinary Shares
("Historic Options"), including those held by a Director and a PDMR
of the Company as detailed below. The holders of the Historic
Options have agreed to their cancellation with immediate
effect.
On 9 December 2024 (the "Grant
Date"), the Company granted a total of 9,553,772 options over
Ordinary Shares (the "New Options"), a portion of which are to
replace the Historic Options alongside the grant of options to new
holders. This includes the grant of options to a Director and PDMR
of the Company as detailed below.
|
PDMR
|
Number of New Options granted
|
Exercise price of New Options granted
|
Number of Historic Options cancelled
|
Total number of options held following the grant and
cancellation of options
|
|
Paul Watts, CEO and
Director
|
4,899,371
|
5.0p
|
882,964
|
4,899,371
|
|
Ed Riddell, CFO
|
2,449,686
|
5.0p
|
441,482
|
2,449,686
|
The New Options granted to Paul
Watts and Ed Riddell vest in three equal tranches
on the first, second and third anniversaries of the Grant
Date subject to the satisfaction of
performance criteria related to increases in share
price and the achievement of targets related to ARR, revenue and
EBITDA. The New Options expire
10 years from the Grant
Date and are exercisable subject to the satisfaction
of the performance achievements and the individual
remaining an employee of the Company. The exercise price of
5.0p represents the price
at which the new Ordinary Shares were issued in the Company's
recent fundraising.
Following the cancellation of the
Historic Options and grant of the New Options, the Company now has
options outstanding over a total of 9,553,772 Ordinary Shares,
representing 12.91% of the current issued share capital of the
Company.
For
further information please contact:
|
Rosslyn
|
|
|
Paul Watts, Chief Executive
Officer
James Appleby, Chairman
|
+44 (0)20 3285 8008
|
|
|
|
|
Cavendish
Securities (Nominated adviser and Broker)
|
|
|
Stephen Keys/Camilla Hume/George
Lawson
|
+44 (0)20 7220 0500
|
|
|
|
|
Gracechurch Group (Financial PR)
|
|
|
Claire Norbury/Anysia
Virdi
|
+44 (0)20 4582 3500
|
About Rosslyn Data Technologies
plc
Rosslyn (AIM: RDT) provides an
award-winning spend intelligence and predictive analytics platform.
The Rosslyn Platform helps organizations with diverse supply chains
mitigate risk and make informed strategic decisions. It leverages
automated workflows, artificial intelligence and machine learning
to extract and consolidate procurement data providing visibility of
complex supplier data, enabling supplier spend savings and
delivering rapid ROI. For more information visit
www.rosslyn.ai.
Investors wishing to contact the Company should email
investors@rosslyn.ai.
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Paul Watts
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Executive Director and CEO
|
|
b)
|
Initial
notification/amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Rosslyn Data Technologies
plc
|
|
b)
|
LEI
|
213800UJ7YTBGGXGJN09
|
|
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
|
Options over ordinary shares of 0.1
pence each
|
|
|
|
|
Identification code
|
GB00BMV2DB09
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant and cancellation of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
5.0 pence (GRANT)
|
4,899,371 (GRANT)
|
|
|
|
|
25.0 pence (CANCELLATION)
|
882,964
(CANCELLATION)
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
N/A
|
|
|
|
|
e)
|
Date of the transaction
|
9 December 2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Edward Riddell
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
CFO and PDMR
|
|
b)
|
Initial
notification/amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Rosslyn Data Technologies
plc
|
|
b)
|
LEI
|
213800UJ7YTBGGXGJN09
|
|
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
|
Options over ordinary shares of 0.1
pence each
|
|
|
|
|
Identification code
|
GB00BMV2DB09
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant and cancellation of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
5.0 pence (GRANT)
|
2,449,686 (GRANT)
|
|
|
|
|
25.0 pence (CANCELLATION)
|
441,482
(CANCELLATION)
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
N/A
|
|
|
|
|
e)
|
Date of the transaction
|
9 December 2024
|
|
f)
|
Place of the transaction
|
Off market
|