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 
                -----------------------------------  ------------------------------ 
 f)              Place of the transaction             Outside of a trading venue 
                -----------------------------------  ------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 15, 2019 02:00 ET (07:00 GMT)

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