TIDMSYS

RNS Number : 8402A

SysGroup PLC

26 May 2023

26 May 2023

SysGroup plc

("SysGroup" or "Company")

Exercise of options, director dealing and purchase of shares into treasury

Issue of equity and exercise of share options

SysGroup plc (AIM:SYS), further to the earlier announcement today, announces it has issued 2,076,394 ordinary shares of 1p each ("Ordinary Shares") in the capital of the Company following notification by Adam Binks, Chief Executive Officer that he has exercised options over 2,076,394 Ordinary Shares in the Company which have vested by agreement of the Company under the 2018 and 2020 SysGroup Long Term Incentive Plans.

Adam Binks has sold and and the Company has purchased, a total of 2,076,394 Ordinary Shares at a price of GBP0.375 per Ordinary Share.

Admission to trading and total voting rights

Following admission to trading of the Ordinary Shares, which is expected to take place on 2 June 2023, the Company's total number of Ordinary Shares in issue will increase to 51,496,084 and the number of shares held in treasury will be 2,636,394 representing 5.12% of the Company's issued share capital. Therefore the number of voting rights in the company will be 48,859,690.

 
For further information please contact: 
 
 SysGroup plc                               Tel: 0151 559 1777 
 Adam Binks, Chief Executive Officer 
 Martin Audcent, Chief Financial Officer 
 
  Liberum (Nomad and Broker)                Tel: 0203 100 2000 
  Edward Mansfield 
 
 Alma PR (Financial PR)                     Tel: 07780 901 979 
 Josh Royston 
 Matthew Young 
 

About SysGroup

SysGroup is a multi-award-winning technology solutions provider that creates value through technology transformation. Our mission is to supercharge the UK mid-market and we have built our business around our customers' challenges, enabling them to drive productivity, increase their resilience, mitigate risk and become more sustainable. Our bespoke solutions are at the forefront of technology innovation, combining world-class, green technology infrastructure with cutting-edge expertise and best-in-breed partners.

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester and Newport.

For more information, visit http://www.sysgroup.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
            Details of the person discharging managerial responsibilities 
  1          / person closely associated 
 a)    Name                                Adam Binks 
      ------------------------------      --------------------------------------------------- 
            Reason for the notification 
  2 
      ---  ---------------------------------------------------------------------------------- 
 a)    Position/status                     CEO 
      ------------------------------      --------------------------------------------------- 
 b)    Initial notification                Initial Notification 
        /Amendment 
      ------------------------------      --------------------------------------------------- 
            Details of the issuer, emission allowance market participant, 
  3          auction platform, auctioneer or auction monitor 
      ---  ---------------------------------------------------------------------------------- 
 a)    Name                                SysGroup plc 
      ------------------------------      --------------------------------------------------- 
 b)    LEI                                 213800D18GPZZJR9SH55 
      ------------------------------      --------------------------------------------------- 
            Details of the transaction(s): section to be repeated 
  4          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                  Ordinary shares of 1 pence each ("Ordinary 
        financial instrument,               Shares") 
        type of instrument 
 
       Identification code                 GB00BYT18182 
 
 b)    Nature of the transaction           Exercise of options and subsequent 
                                            sale of Ordinary Shares 
      ------------------------------      --------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          --------------  --------------  ----------- 
                                           Transaction     Price(s)        Volume(s) 
                                          --------------  --------------  ----------- 
                                   Purchase        GBP0.01                 2,076,394 
                                  --------------  ---------------------- 
                                   Sale            GBP0.375                2,076,394 
                                  --------------  ---------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume              As in 4.c) above 
 
  - Price 
 
 e)    Date of the transaction          26/05/2023 
      ------------------------------   ------------------------------------------------------ 
 f)    Place of the transaction         London Stock Exchange - AIM 
      ------------------------------   ------------------------------------------------------ 
 
 

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END

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May 26, 2023 07:05 ET (11:05 GMT)

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