Business
Grant of Options
Grant of Options.
About this update from System1 Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7689Q\n System1 Group PLC\n 29 October 2021\n \n \n \n \n 29th October 2021\n \n \n \n \n \n System1 Group PLC (AIM: SYS1)\n \n \n (\"System1\" or \"the Company\")\n \n \n \n \n \n \n \n \n Grant of Options\n \n \n \n \n \n Following approval by shareholders at the Company's 2021 Annual General Meeting for certain amendments to the System1 Long Term Incentive Plan (the \"LTIP\") the Company announces that on 27 October 2021 it granted awards under the LTIP.\n \n \n \n \n \n In aggregate, awards (structured as nil cost options) were granted to a number of executives over 793,603 ordinary shares of the Company, of which 645,314 replaced options awarded under the previous arrangements and 148,289 were new awards.\n \n \n \n \n \n The replacement awards include nil cost options which were granted over an aggregate of 132,267 shares to Chris Willford (the \"grantee\") the Company's Chief Financial Officer. The nil cost options replace an option which was made to the grantee on 27 November 2020 under the LTIP which has been surrendered by the grantee.\n \n \n \n \n \n \n \n \n \n \n \n Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \n \n \n \n \n \n \n \n 1.\n \n \n \n \n Details of PDMR / person closely associated with them (\"PCA\")\n \n \n \n \n \n \n a)\n \n \n \n \n Name\n \n \n \n \n Chris Willford\n \n \n \n \n \n \n 2.\n \n \n \n \n Reason for the notification\n \n \n \n \n \n \n a)\n \n \n \n \n Position / status \n \n \n \n \n Chief Financial Officer\n \n \n \n \n \n \n b)\n \n \n \n \n Initial notification / amendment\n \n \n \n \n Initial Notification\n \n \n \n \n \n \n 3.\n \n \n \n \n Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n \n \n \n \n \n \n a)\n \n \n \n \n Name\n \n \n \n \n System1 Group PLC\n \n \n \n \n \n \n b)\n \n \n \n \n LEI\n \n \n \n \n 213800TDLR42C3Q9ZB74\n \n \n \n \n \n \n 4.\n \n \n \n \n Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted\n \n \n \n \n \n \n a) \n \n \n \n \n Description of the financial i...