Business
Grant of Options and PDMR Dealings
Grant of Options and PDMR Dealings.
About this update from Getbusy Plc
[{"type":"text","content":"\n \nRNS Number : 0652B GetBusy PLC 28 January 2020 \n\n28 January 2020\nGetBusy plc\nGrant of Options under Replacement Incentive Schemes and PDMR Dealings\nGetBusy plc (AIM: GETB) (\"GetBusy\" or \"the Company\" or \"the Group\"), a developer of document management and communication software products, announces that, further to the approval by shareholders at the General Meeting on 7 January 2020, on 27 January 2020 it cancelled 4,452,326 existing options over ordinary shares in the Company and subsequently granted, in aggregate, 6,593,705 replacement options over ordinary shares in the Company to Daniel Rabie (Chief Executive Officer), Paul Haworth (Chief Financial Officer) and Ben Oliver (Chief Technology Officer), as detailed below.\nThe options have been granted under the Company's EMI Share Option Plan and Value Creation Plan (as defined in the circular (\"Circular\") to shareholders dated 19 December 2019, referred to together as the \"Replacement Incentive Schemes\"). The background to and rationale for the adoption of the Replacement Incentive Schemes and details thereon can be found in the Circular, which is available on the Company's website at www.getbusy.com/about/investors.\nCancellation of options under existing schemes\nThe table below shows the number of options that were surrendered by the participants and cancelled by the Company:\n\n\n\nPerformance measurement date\n\n\nShare price performance condition\n\n\nDaniel Rabie (CEO)\n\n\nPaul Haworth (CFO)\n\n\nBen Oliver (CTO)\n\n\n\n\n3 August 2020\n\n\n37.7p\n\n\n1,570,727\n\n\n612,000\n\n\n488,669\n\n\n\n\n3 August 2021\n\n\n41.4p\n\n\n305,419\n\n\n119,000\n\n\n95,019\n\n\n\n\n3 August 2022\n\n\n45.6p\n\n\n305,419\n\n\n119,000\n\n\n95,019\n\n\n\n\n3 August 2022\n\n\n84.9p\n\n\n436,313\n\n\n170,000\n\n\n135,741\n\n\n\n\nTotal\n\n\n-\n\n\n2,617,878\n\n\n1,020,000\n\n\n814,448\n\n\n\n \nIssues of options under the Replacement Incentive Schemes\nThe table below shows the number of options that were granted under the Replacement Incentive Schemes:\n\n\n\n \n\n\nDaniel Rabie (CEO)\n\n\nPaul Haworth (CFO)\n\n\nBen Oliver (CTO)\n\n\n\n\nEMI Share Option Plan\n\n\n2,196,428\n\n\n892,857\n\n\n892,857\n\n\n\n\nValue Creation Plan\n\n\n1,828,094\n\n\n522,313\n\n\n261,156\n\n\n\n\nTotal\n\n\n4,024,522\n\n\n1,415,170\n\n\n1,154,013\n\n\n\n\n% of issued...