TIDMIQG

RNS Number : 1614H

IQGeo Group PLC

02 August 2021

IQGeo Group plc

(the "Company" or the "Group")

Grant of Options

IQGeo Group plc (AIM: IQG), a leading developer of geospatial productivity and collaboration software for telecoms and utility network operators, announces the grant of options over a total of 330,000 new ordinary shares of 2 pence each in the Company ("Ordinary Shares") ("Options") to Richard Petti, Chief Executive Officer, and Haywood Chapman, Chief Financial Officer.

These Options have been granted pursuant to and in accordance with the terms of the Group's existing 2020 Share Option Plan (as described in the Company's announcement of 3 December 2020) and on the recommendation of the Company's Remuneration Committee. Richard Petti has been awarded 150,000 Options and Haywood Chapman awarded 180,000 Options.

The exercise price for these Options is 105.00 pence, being the approximate 30-day volume-weighted average price from 23 March 2021, the date on which the financial results for the year ended 31 December 2020 were announced. The vesting conditions remain in line with options previously issued under the 2020 Share Option Plan with Options vesting in portions of one third on the first, second and third anniversaries of grant and have no further performance conditions other than ongoing employment on the date of vesting. The Options will be subject to a two-year holding period from vesting point, with sales only permitted to sell shares sufficient to cover the exercise cost and any tax liability within this holding period. The Options will vest in full on a change of control.

Following these transactions, Mr. Petti's beneficial interest remains at 197,764 Ordinary Shares, representing 0.35 per cent. of the total issued share capital and he now holds 1,750,000 options over Ordinary Shares. Mr. Chapman's beneficial interest in the Company remains at 131,228 Ordinary Shares, representing 0.23 per cent. of the total issued share capital . In addition he now holds 680,000 options over Ordinary Shares.

For further information contact:

IQGeo Group plc +44 1223 606655

Richard Petti

Haywood Chapman

finnCap Ltd +44 20 7220 0500

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

Notes to editors

IQGeo's end-to-end geospatial software improves productivity and collaboration across enterprise planning, design, construction, maintenance and sales processes for telecoms and utility network operators. Our mobile-first enterprise solutions create and maintain, an accurate view of complex network assets that is easily accessible by anyone, wherever and whenever needed.

Specialized applications combined with our open IQGeo Platform help network operators create a single source of network truth to meet their digital transformation ambitions and operational KPIs. Our award-winning, cloud-enabled solutions save time and money, and improve safety and productivity, while enhancing customer satisfaction.

With over 50,000 active software users, IQGeo has an established and rapidly growing customer base with telecoms and utility companies worldwide.

IQGeo trades on AIM with the ticker IQG.

For additional information please visit www.iqgeo.com

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Haywood Chapman 
     -----------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status          Chief Financial Officer 
     -----------------------  --------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  --------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  --------------------------------------- 
 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              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  --------------------------------------- 
 b)   Nature of the             Grant of Options over Ordinary Shares 
       transaction 
     -----------------------  --------------------------------------- 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                 nil         180,000 
                                            ---------- 
     -----------------------  --------------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
     -----------------------  --------------------------------------- 
 e)   Date of the              30th July 2021 
       transaction 
     -----------------------  --------------------------------------- 
 f)   Place of the             Outside a trading venue 
       transaction 
     -----------------------  --------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Richard Petti 
     -----------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status          Chief Executive Officer 
     -----------------------  --------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  --------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  --------------------------------------- 
 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              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  --------------------------------------- 
 b)   Nature of the             Grant of Options over Ordinary Shares 
       transaction 
     -----------------------  --------------------------------------- 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                 nil         150,000 
                                            ---------- 
     -----------------------  --------------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
     -----------------------  --------------------------------------- 
 e)   Date of the              30(th) July 2021 
       transaction 
     -----------------------  --------------------------------------- 
 f)   Place of the             Outside a trading venue 
       transaction 
     -----------------------  --------------------------------------- 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHPBMMTMTTMTJB

(END) Dow Jones Newswires

August 02, 2021 02:00 ET (06:00 GMT)

Iqgeo (LSE:IQG)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Iqgeo.
Iqgeo (LSE:IQG)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Iqgeo.