Bigblu Broadband PLC Grant of LTIP Awards and Share Options (7087R)
31 Octubre 2019 - 01:00AM
UK Regulatory
TIDMBBB
RNS Number : 7087R
Bigblu Broadband PLC
31 October 2019
Bigblu Broadband plc
("BBB" or the "Company")
Grant of LTIP Awards and Share Options
Bigblu Broadband plc (AIM: BBB), a leading provider of
alternative fast broadband services, announces that on 28 October
2019, the Company granted nominal-cost options over a total of
988,918 ordinary shares under the Company's 2018 Long Term
Incentive Plan ("LTIP") to Executive Directors and certain
employees (representing 1.7% of the Company's current issued share
capital).
LTIP awards
LTIP awards have made to the following Executive Directors and
are subject to vesting criteria over a three-year period based on
total shareholder return ("TSR") targets:
Name Position Number of LTIP awards
Andrew Walwyn Chief Executive Officer 199,489
------------------------- ----------------------
Frank Waters Chief Financial Officer 160,273
------------------------- ----------------------
Simon Clifton Chief Technical Officer 156,010
------------------------- ----------------------
These awards will be based on a range of challenging absolute
TSR targets and relative TSR targets based on a broad comparator
group of companies in the AIM All Share index, over a three-year
period.
Grant of options
In addition, the Board has approved the grant of 83,334 share
options to employees both in the UK and overseas under the
Company's 2015 Unapproved Option Scheme. The options will normally
vest approximately on 30 August 2021 and are subject to performance
conditions including EBITDA and cash flow targets.
Contacts:
Bigblu Broadband Plc www.bbb-plc.com
Andrew Walwyn, Chief Executive
Officer Via Walbrook PR
Numis Securities (Nomad and
broker) Tel: +44 (0)20 7260 1000
Oliver Hardy (Corporate Advisory)
James Black / Jonathan Abbott
(Corporate Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
Nick Rome / Tom Cooper or bigblubroadband@walbrookpr.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
Andrew Walwyn
Frank Waters
a) Name Simon Clifton
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
Chief Executive
Andrew Walwyn Officer
Chief Financial
Frank Waters Officer
----------------
Chief Technical
Simon Clifton Officer
a) Position/status ----------------
-------------------------- --------------------------------------------
Initial notification
b) /Amendment Initial Notification
-------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Bigblu Broadband Plc
-------------------------- --------------------------------------------
b) LEI 2138008P6X5EX455KU41
-------------------------- --------------------------------------------
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
4 have been conducted
------------------------------------------------------------------------
Description of the
financial instrument, Nominal-cost options over ordinary
type of instrument shares of GBP0.15 each
Identification code ISIN: GB00BD5JMP10
a)
-------------------------- --------------------------------------------
b) Nature of the transaction Grant of options under the LTIP
-------------------------- --------------------------------------------
Name(s) Price(s) Volumes(s)
GBP0.15
Andrew Walwyn per share 199,489
------------ -----------
GBP0.15
Frank Waters per share 160,273
------------ -----------
GBP0.15
Simon Clifton per share 156,010
c) Price(s) and volume(s) ------------ -----------
-------------------------- --------------------------------------------
Aggregated information:
- Aggregated volume Options over 515,772 ordinary shares
- Price Nil cost
d)
-------------------------- --------------------------------------------
e) Date of the transaction 28 October 2019
-------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
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END
MSCWGGCGUUPBPGU
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October 31, 2019 03:00 ET (07:00 GMT)
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