Business
Grant of Options and PDMR Dealings
Grant of Options and PDMR Dealings.
About this update from Checkit Plc
[{"type":"text","content":"\n\n12 March 2024\n \nCheckit plc\n(\"Checkit\" or the \"Group)\n \nGrant of options and PDMR Dealing\n \nCheckit (AIM: CKT), announces that on 11 March 2024, it granted options over ordinary shares of 5 pence each (\"Ordinary Shares\") to Kit Kyte, Chief Executive Officer, to subscribe for 1,250,000 Ordinary Shares under the Group's existing EMI Options Scheme (the \"Options\").\n \nThe Options can only be exercised following a 36 month vesting period and if Checkit is EBITDA breakeven or positive (with reference to the Checkit's management accounts) as at the date of exercise and has been EBITDA breakeven or positive on average over a six month period prior to the date of exercise. The Options shall expire on the tenth anniversary of the date of their grant.\n \nFollowing this award, Kit Kyte holds outstanding options over a total of 3,250,000 Ordinary Shares. \n \nThe notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n \n\n\n\n\na)\n\n\nName:\n\n\n Kit Kyte \n\n\n\n\n2\n\n\nReason for the notification\n \n\n\n\n\na)\n\n\nPosition/Status:\n \n\n\nChief Executive Officer\n\n\n\n\nb)\n\n\nInitial Notification/Amendment:\n \n\n\nInitial Notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor\n \n\n\n\n\na)\n\n\nName:\n\n\nCheckit Plc\n \n\n\n\n\nb)\n\n\nLEI:\n\n\n213800556WJOWQNT2R68 \n\n\n\n\n4.\n\n\nDetails of 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.\n \n\n\n\n\na)\n\n\nDescription of the financial instrument:\nIdentification code:\n\n\nOrdinary Shares of 5 pence each\nISIN GB00B0C5RG72\n\n\n\n\nb)\n\n\nNature of the transaction:\n \n\n\nGrant of options over Ordinary Shares\n\n\n\n\nc)\n\n\nPrice(s) and volume(s):\n\n\nPrice(s)\n \n\n\nExercisable at 20 pence per Ordinary Share\n\n\n\n\nVolume(s)\n \n\n\n1,250,000\n\n\n\n\nd)\n\n\nAggregated information\n- Aggregated volume\n&nbs...