RedstoneConnect PLC Employee Share Scheme (8413T)
January 11 2017 - 2:00AM
UK Regulatory
TIDMREDS
RNS Number : 8413T
RedstoneConnect PLC
11 January 2017
RedstoneConnect plc
("RedstoneConnect" or "the Company")
SAYE Share Scheme
RedstoneConnect Plc (AIM:REDS), a leading international provider
of technology and services for smart buildings and commercial
spaces, is pleased to announce that further employees have applied
to join the Company's Save as You Earn ("SAYE") share scheme, the
launch of which was announced on 11 November 2016.
An additional 25 employees have submitted applications to join
the SAYE so as to subscribe for options over ordinary shares of 0.1
pence each ("Ordinary Shares") with an exercise price of 1.265
pence per share, being the same exercise price of the options on
the launch of the SAYE share scheme. The options have a savings
contract start date of 1 February 2017 and are exercisable between
31 January 2020 and 31 July 2020.
Pursuant to the elections by 25 employees, a grant of 15,936,738
options over Ordinary Shares was made on 10 January 2017, equating
to 0.97 per cent. of the current issued share capital.
Mark Braund, Chief Executive, commented:
"I am delighted that more RedstoneConnect employees have chosen
to participate in our recently launched SAYE Scheme which takes the
total number of employees participating to over 80, a significant
proportion of our operational team. In doing so, they have elected
to participate in the long term growth aspirations of the Company
and have also aligned their interests with those of all
shareholders."
For more information please contact:
RedstoneConnect Plc via Vigo Communications
Mark Braund (CEO) www.redstoneconnectplc.com
Spencer Dredge (CFO)
Cantor Fitzgerald Europe
(Nominated Adviser & Joint
Broker) +44 (0)20 7894 7000
Marc Milmo/Phil Davies/Catherine
Leftley/Callum Butterfield
Whitman Howard Limited (Joint
Broker) +44 (0)20 7659 1234
Nick Lovering
Vigo Communications (Financial
PR Advisers) +44 (0)20 7830 9700
Jeremy Garcia/Ben Simons/Antonia
Pollock
reds@vigocomms.com
About RedstoneConnect Plc
RedstoneConnect Plc is focused on technologies that makes real
estate more efficient and businesses more effective. Its core
businesses, Redstone and Connect IB, provide the infrastructure
capabilities and the software applications to deliver Smart
Buildings and Smart Workspace Solutions for commercial businesses,
public sector organisations and real estate owners and
managers.
This information is provided by RNS
The company news service from the London Stock Exchange
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