Business
Long Term Incentive Plan
Long Term Incentive Plan.
About this update from Mirriad Advertising Plc
[{"type":"text","content":"\n \nRNS Number : 3172Z Mirriad Advertising PLC 16 May 2019 \n\n \nMirriad Advertising plc\n\n \nlong term incentive plan\n \n16 May 2019\n \n\nMirriad Advertising plc\n\n(\"Mirriad\" or the \"Group\")\n \n \nLong Term Incentive Plan \n \nMirriad Advertising plc, the established computer vision and AI platform company, announces grants of market priced options under its Long Term Incentive Plan (\"LTIP\") set up as part of its IPO in December 2017 to two new senior team members.\n \nThe LTIP was established to incentivise management to increase shareholder value over the long term. The Remuneration Committee is keen to ensure that remuneration for the Company's senior team will be effective and fair and motivate them to deliver success for the Company, its shareholders and employees. \n \nThe following awards have been granted: \n \n \n\n\n\n\n\n\nDirector/PDMR \n\n\n\n\nRole\n\n\n\n\nShare Options\n\n\n\n\n\n\nNiteen Prajapati \n\n\n\n\nCTO\n\n\n\n\n330,000\n\n\n\n\n\n\nMark Melvin\n\n\n\n\nEVP Brand & Sales Partnerships US\n\n\n\n\n390,000\n\n\n\n\n\n\n \nThe options vest in three equal installments on the first, second and third anniversaries of the date of grant with an exercise price of 6.25 pence which is equal to the market value, determined by reference to the closing price (as derived from the London Stock Exchange Daily Official List) on the day before grant.\n \nBoth are recently appointed and hold no other share options in the Company.\n \n \n\nDEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS \n\n\n\n\n1. \n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\n(a) \n\n\nFull name of person Dealing\n\n\nNiteen Prajapati\n\n\n\n\n2. \n\n\nReason for notification\n\n\n\n\n(b) \n\n\nPosition/status\n\n\nCTO\n\n\n\n\n(c) \n\n\nInitial notification/ Amendment\n\n\nInitial notificatio...