Universe Group PLC Grant of Options (9396O)
August 25 2017 - 2:00AM
UK Regulatory
TIDMUNG
RNS Number : 9396O
Universe Group PLC
25 August 2017
25 August 2017
AIM: UNG.L
Universe Group plc
("Universe" or the "Company")
Grant of Options
Universe Group plc (AIM: UNG.L), a leading developer and
supplier of point of sale, payment and on-line loyalty systems
announces that the Remuneration Committee has today approved the
grant of three tranches of share options ("Options") to subscribe
for ordinary shares of 1p each in the Company ("Shares"). These
will be granted to Daryl Paton, an executive director
("Director").
Tranche 1
A total of 500,000 Options will be granted under Tranche 1 to
the Director.
These Options will have an exercise price of 9.75p and may be
exercised only if the Company's share price is at or above an
average of 14.25 pence per share for the four week period following
the announcement of the Company's results for the year ending 31
December 2018.
Tranche 2
A further 717,000 Options will be conditionally granted to the
Director under Tranche 2. These Options will also have an exercise
price of 9.75p and may be exercised only if the Company's share
price is at or above an average of 21p for the four week period
following the announcement of the Company's results for the year
ending 31 December 2018. The grant of these Options is conditional
on the Director making market purchases of Shares to the value of a
percentage of his gross annual salary by an agreed date.
Tranche 3
A further 717,000 Options will be conditionally granted to the
Director under Tranche 3. These Options will have an exercise price
of 9.75p and may be exercised only if the Company's share price is
at or above an average of 32p for the four week period following
the announcement of the Company's results for the year ended 31
December 2018. The grant of these Options is conditional on the
Director making market purchases of Shares to a value of a
percentage of his gross cash bonus for the financial years ended 31
December 2017 and 2018 within one month of such bonuses becoming
payable.
All Options are subject to change of control provisions and
expire on the tenth anniversary of grant.
Following the grants of all these Options the Director would
have the following Options:
Director Options Scheme granted Vesting Total Options
granted under: period now held
------------- ---------- ----------------- --------- --------------
EMI Share Option
Daryl Paton 1,934,000 Scheme As above 1,934,000
------------- ---------- ----------------- --------- --------------
Following the grants, a total of 25,828,000 Options
(representing approximately 11.12 per cent. of the Company's
enlarged issued share capital) will remain outstanding.
For further information:
Universe Group plc T: +44 2380 689
Robert Goddard, Chairman 510
Jeremy Lewis, Chief Executive
finnCap T: +44 20 7220
Stuart Andrews (Corporate 0500
Finance)
Richard Chambers (Corporate
Broking)
IFC Advisory T: +44 20 7652
Tim Metcalfe 9781
Heather Armstrong
About Universe Group plc:
Universe provides some of the world's leading retailers with
point of sale, payment and loyalty solutions. The Company's
solutions are based on its own proprietary software and are offered
out of the cloud on a software as a service model with its data
centres processing in excess of 5 billion transactions every year.
For further information, please see www.universeplc.com.
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Daryl Paton
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------
a) Name Universe Group plc
--- ------------------------------- -----------------------------------
b) LEI n/a
--- ------------------------------- -----------------------------------
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 Ordinary shares of 1 pence
the Financial
instrument, type
of instrument
---
Identification GB0009483594
code
--- ------------------------------- -----------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
9.75p 500,000
9.75p 717,000
9.75p 717,000
--------- ----------
--- ------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume Tranche 1: 500,000 ordinary
shares of 1 pence each (granted)
at 9.75 pence per ordinary
* Price share
Tranche 2: 717,000 ordinary
shares of 1 pence each (granted)
at 9.75 pence per ordinary
share
Tranche 3: 717,000 ordinary
shares of 1 pence each (granted)
at 9.75 pence per ordinary
share
--- ------------------------------- -----------------------------------
e) Date of the transaction 25 August 2017
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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