Business
Director Dealings and Option Awards
Director Dealings and Option Awards.
About this update from Idox Plc
[{"type":"text","content":"\n \nRNS Number : 6453S IDOX PLC 12 March 2019 \n\nIdox plc\n(\"Idox\" or \"the Group\")\n \nDirector Dealings and Option Awards\n \nIdox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, is pleased to announce the following award of Long Term Incentive awards and share purchases.\n \nOn 11 March 2019 Chris Stone, Non-Executive Chairman, purchased 585,500 ordinary shares of 1 pence each (Ordinary Shares) at a price of 34 pence per Ordinary Share through his family investment company Pet Lamb Holdings Limited. Following this transaction Chris Stone, through Pet Lamb Holdings, has a beneficial interest in 585,500 Ordinary Shares, representing 0.14 per cent of the Company's issued share capital.\n \nIn addition, on 11 March 2019 David Meaden, Chief Executive Officer, purchased 292,700 Ordinary Shares at a price of 34 pence per Ordinary Share. Following this transaction David Meaden has a beneficial interest in 292,700 Ordinary Shares, representing 0.07 per cent of the Company's issued share capital.\n \nIn line with the Company's Matching Share Award Plan (\"Matching Plan\") which matches shares purchased on a one for one basis by the Company, further to the share purchase by Chris Stone, the Company has granted nominal value options over 585,500 Ordinary Shares to Chris Stone. \n \nPursuant to the Company's Long Term Incentive Plan ('LTIP') the Company also granted nil-cost options over a total of 3,512,400 Ordinary Shares to David Meaden. The share awards under the LTIP and Matching Plan will ordinarily vest in three years' time subject to the grantee's continued service and are exercisable for 7 years thereafter with the latest exercise date being 11 March 2029.\n \nThe notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.\n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n \n\n\n\n\n1 \n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nChris Stone\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n \n\n\nChairman\n\n\n\n\nb)\n\n\nInitial notification /Amendm...