Pelatro PLC New Employee Share Option Plan & Grant of Options (0726N)
15 Enero 2019 - 01:00AM
UK Regulatory
TIDMPTRO
RNS Number : 0726N
Pelatro PLC
15 January 2019
Pelatro Plc
("Pelatro", the "Company" or the "Group")
New Employee Share Option Plan and Grant of Options
Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub
software specialist, announces that on 14 January 2019 it
established a share option plan for senior employees, (the "Plan").
The number of options that may be awarded under the Plan is limited
such that the total of new ordinary shares of 2.5 pence each
("Ordinary Shares") under option will be less than 10 per cent. of
the issued share capital.
The Plan has been established in order to align the longer-term
interests of such employees with those of shareholders and
incentivise the creation of shareholder value. The Board has
approved the terms of the Scheme and authorised an initial award of
options to employees and a Director on 14 January 2019 over a total
of 1,640,000 Ordinary Shares at an exercise price of 73p per share,
being the closing price of Pelatro shares on 14 January 2019 (the
"Options"). The Options represent approximately 5 per cent. of the
Company's issued share capital. The Options have a contract start
date of 15 January 2019 and are exercisable, subject to the grantee
remaining in employment with a member of the Pelatro Group, over 4
years and their exercise on vesting is not dependent upon any
performance criteria.
Following initiation of the Plan, the Company has granted
options over a total of 1,714,000 Ordinary Shares representing
approximately 5.3 per cent. of the issued share capital.
Within the award of options referred to above, the following
Director has been granted options over a total of 50,000 Ordinary
Shares:
Name Position Option Award Vesting Date Total options
(number of following
shares) the grant
(number of
shares)
12,500 vest on or after
15 January 2021
12,500 vest on or after
15 January 2022
Finance 25,000 vest on or after
Nic Hellyer Director 50,000 15 January 2023 100,000
Enquiries:
Pelatro plc Via Walbrook PR
Subash Menon, Managing Director & CEO
Nic Hellyer, Finance Director
finnCap - Nominated Adviser and Broker Tel: +44 (0) 20 7720
0500
Carl Holmes/Kate Bannatyne
Walbrook PR (Media & Investor Relations) Tel: +44 (0) 20 7933
8780
Paul Cornelius / Nick Rome / Sam Allen pelatro@walbrookpr.com
Notes to editors
The Pelatro Group was founded in March 2013 by Subash Menon and
Sudeesh Yezhuvath with the objective of offering specialised,
enterprise class software solutions for customer engagement
principally to telcos who face a series of challenges including
market maturity, saturation and customer churn.
Pelatro provides its "mViva" platform for use by customers in
B2C applications and is well positioned in the Multichannel
Marketing Hub space (MMH) - this is technology that orchestrates a
customer's communications and offers to customer segments across
multiple channels to include websites, social media, apps, SMS,
USSD and others.
Pelatro is expanding by a mix of organic and acquisition led
growth. In August 2018 the Company completed the acquisition of
certain assets of Danateq Pte Ltd (Danateq). This acquisition
doubled the subscriber base to 325 million and bought immediate
entry into Central Europe as well as a large recurring revenue
base. For more information about Pelatro, visit www.pelatro.com
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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 Nic Hellyer
----------------------------------- ------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Finance Director
----------------------------------- ------------------------------
b) Initial notification/Amendment Initial notification
----------------------------------- ------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Pelatro plc
----------------------------------- ------------------------------
b) LEI 213800U45T7TEZX38V60
----------------------------------- ------------------------------
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 Options over ordinary
Financial instrument, shares of 2.5p
type of instrument
Identification code GB00BYXH8F66
----------------------------------- ------------------------------
b) Nature of the transaction Grant of Options
----------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 50,000
----------
----------------------------------- ------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
----------------------------------- ------------------------------
e) Date of the transaction 14 January 2019
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f) Place of the transaction Outside of a trading venue
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END
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