Business
Director/PDMR Shareholding
Director/PDMR Shareholding.
About this update from Essensys Plc
[{"type":"text","content":"\n \n \n \n 16 September 2022\n \n \n \n \n \n \n essensys plc\n \n \n \n (\"essensys\" or the \"Group\")\n \n \n \n Grant of Options\n \n \n \n essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announces that its has granted options over a total of 1,031,287 options under the Group's existing Long-Term Incentive Plan (the \"LTIP\") to certain members of its executive management team as follows:\n \n \n \n \n \n \n \n Name\n \n \n \n \n \n \n Position\n \n \n \n \n \n \n Number of Options\n \n \n \n \n \n \n \n Alan Pepper\n \n \n \n \n Chief Operating Officer\n \n \n \n \n 204,636\n \n \n \n \n \n \n Sarah Harvey\n \n \n \n \n Chief Financial Officer\n \n \n \n \n 366,667\n \n \n \n \n \n \n Jeremy Bernard\n \n \n \n \n CEO, North America\n \n \n \n \n 120,000\n \n \n \n \n \n \n James Lowery\n \n \n \n \n CEO, UK & Europe\n \n \n \n \n 120,000\n \n \n \n \n \n \n David Kinnaird\n \n \n \n \n Chief Customer Officer\n \n \n \n \n 104,876\n \n \n \n \n \n \n James Shannon\n \n \n \n \n Chief Product & Technology Officer\n \n \n \n \n 115,108\n \n \n \n \n \n \n \n \nThese grants are all subject to performance conditions, have an exercise price of 0.25 pence per share and will, depending on the individual concerned, become exerciseable between November 2023 and November 2025.\n \n \n Mark Furness, Chief Executive Officer of the Group, has waived his entitlement to the planned option grant set out in the Group's Annual Report for the year ended 31 July 2021 and, in order to minimise dilution of existing shareholders' positions, has indicated that he will waive any entitlement to option grants for the foreseeable future.\n \n \n In respect of Alan Pepper this grant replaces the previously reported planned grant as was set out in the Remuneration Committee Report included within the Group's Annual Report for the year ended 31 July 2021. Sarah Harvey's grant is in relation to her commencement of employment as the Group's Chief Financial Officer.\n \n \n At the same time the Remuneration Committee has agreed to extend the vesting period for LTIP options with performance conditions issued on 28 May 2019 (immediately prior to the Group's IPO and as set out in the Group's Admission Document) to 28 May 2024. This is intended to ensure that the...