30 January 2024
All Things Considered Group
Plc
("ATC",
the "Company" or the "Group")
New Company Share Option
Plans
Grant of Share
Options
All Things Considered Group Plc
(AQSE: ATC), the independent music company housing artist
representation and music industry services, announces that it has
adopted a Company Share Option Plan ("CSOP") to increase levels of
share ownership of the Company by staff, under which all of the
Group's eligible employees will be able to participate.
Pursuant to the CSOP, eligible
employees within the group will be entitled to receive CSOP options
over ordinary shares of 0.01 pence each in the capital of the
Company. CSOP options will vest based on length of term of
continuous employment with the Company from the second to the tenth
anniversary of employment, and are exercisable for a period from
three to ten years from the date of grant at an exercise price of
105 pence per CSOP option, being the closing mid-market price on 29
January 2024.
The Company has simultaneously
launched an unapproved option scheme designed to incentivise key
individuals who work with the Company as consultants or via joint
venture structures, but who do not qualify to benefit from the tax
advantages of the CSOP. The terms and criteria on which such key
business partners will be eligible to receive options under the
scheme will largely be in line with the terms and rules of the
CSOP, including vesting criteria and exercise price.
In accordance with QCA guidance, a
maximum of ten per cent. of the Company's issued share capital will
be subject to the option pool at any one time and immediately
following the launch of the CSOP and the unapproved option scheme,
options over 150,000 ordinary shares representing 1.06 per cent. of
the existing issued share capital of the Company will have
vested.
No directors of the Company or
persons discharging managerial responsibilities (PDMRs) are
entitled to receive grants under the CSOP.
For more
information, please contact:
|
ATC
Group
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Via Alma
|
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Adam Driscoll, CEO
|
|
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Rameses Villanueva, CFO
|
|
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Panmure Gordon (UK) Limited
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+44 (0)207 886 2500
|
|
AQSE Corporate Adviser and
Broker
|
|
|
James Sinclair-Ford / Mark Rogers /
Freddie Wooding
Hugh Rich / Rauf Munir
|
|
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Alma Strategic Communications
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+44(0)20 3405 0205
|
|
Hilary Buchanan / Justine James
/ Robyn Fisher
|
|
Notes to
Editors
ATC Group is an independent
music company housing talent management, live booking, music
industry services and livestreaming within the same
group.
The Group is headquartered in
London, with offices in Los Angeles, New York and Copenhagen. ATC
Group Plc is led by an experienced
management team who have operated across multiple music industry
sectors.
The Group has an established,
long-standing client base which, together with innovative new
offerings, gives the Directors confidence that the company is well
positioned to capitalise on the opportunities emerging from a
disrupted music industry.
The Group's key divisions, grouped under three
segments, are:
Artist
representation
· ATC
Management (Europe and USA) - artist management and
development
· ATC
Live - live event booking agency for artists
Services
·
Sandbag - a market leading merchandising and 'Direct to
Consumer' business
· ATC
Media- providing consultancy and development services
·
Your Army USA - marketing and promotions agency
specialising in dance and electronic music
·
Familiar Music - synchronisation agency placing music in
films, TV, advertisements and other media
·
Minority interest in Driift - a global livestreaming
operator
Live
events
· ATC
Experience - developing live theatrical events and digital
experiences with artists
For more information see: www.atcgroupplc.com