Business
Director/PDMR Shareholding - Grant of Options
Director/PDMR Shareholding - Grant of Options.
About this update from Eleco Plc
[{"type":"text","content":"\n\n6 May 2025\nEleco Plc\n(\"Eleco\", \"Group\" or the \"Company\")\n \nGrant of Options\n \nEleco plc (AIM: ELCO), the specialist software provider for the built environment, announces that on 1 May 2025 the Remuneration Committee granted a total of 1,465,000 new share options (the \"Options\") over ordinary shares of 1 pence each (\"Ordinary Shares\") in the Company. 450,000 of the Options are nominal cost options (\"LTIP Options\") and the balance of 1,015,000 Options are exercisable at 121 pence each (\"Employee Options\").\nFollowing this grant of Options, Eleco has 4,810,000 options in issue, representing approximately 5.76 per cent. of the Company's issued share capital.\n250,000 LTIP Options were granted to Jonathan Hunter, CEO, and 200,000 LTIP Options were granted to Neil Pritchard, CFO. All of these Options are nominal cost options that shall vest after 3 years if certain performance criteria related to growth in revenue, profit and share price are met. To fully vest, Eleco will need to deliver significant growth from current levels.\n175,000 Employee Options were granted to other PDMRs of the Company as set out below and 840,000 Employee Options were granted to various other employees of the Company. All of the Employee Options are market priced options with no vesting criteria other than to remain in employment by the Group and shall vest after 3 years. These Options are exercisable at 121 pence.\n\n\n\n\nDirector/PDMR\n\n\nOptions issued on 1 May 2025\n\n\nTotal options held post issue\n\n\n\n\nJonathan Hunter\n\n\n250,000\n\n\n1,205,000\n\n\n\n\nNeil Pritchard\n\n\n200,000\n\n\n675,000\n\n\n\n\nRichard Fletcher\n\n\n75,000\n\n\n75,000\n\n\n\n\nMark Chapman\n\n\n50,000\n\n\n160,000\n\n\n\n\nAlex Gheboianu\n\n\n50,000\n\n\n125,000\n\n\n\n\n \nThe Options are issued under the Eleco 2014 Share Option Plan and are exercisable up to 1 May 2035, subject to the achievement of the appropriate performance criteria.\nFor the purposes of Article 7 of EU Regulation 596/2014, this announcement is deemed to contain inside information.\n \nEnquiries:\n \n\n\n\n\nEleco plc\n\n\n+44 (0)20 7422 8000\n\n\n\n\nJonathan Hunter, Chief Executive Officer\n\n\n\n\n\n\n\nNeil Pritchard, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets Limited\n\n\n+44 (0)20 7220 0500\n\n\n\n\nGe...