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ECSC Group PLC - Grant of options

RNS Number : 3241A
ECSC Group PLC
28 September 2020
 

28 September 2020

ECSC Group plc

('ECSC', the 'Company' or the 'Group')

 

Grant of options

 

ECSC (AIM: ECSC), the provider of cyber security services, announces that it has today granted options over 450,000 new ordinary shares in the Company ("Options") in respect of the following directors, persons discharging managerial responsibilities ("PDMRs") and employees of the Company:

  

Name 

Position

Number of Options granted

Total number of options held as at today's date

Ian Mann

Chief Executive Officer

100,000

100,000

Lucy Sharp

Chief Operating Officer

100,000

244,758

Ian Castle

Chief Technology Officer

80,000

183,602

Gemma Basharan

Chief Financial Officer

80,000

144,651

Clare MacDonald

PDMR

10,000

58,952

Liz Knight

PDMR

5,000

25,000

Paul Lambsdown

PDMR

15,000

63,952

n/a

Other employees

60,000

217,122

 

The Options are being granted pursuant to the Company's Enterprise Management Incentive Share Option Scheme (EMI Scheme) and have an exercise price of 69p per Ordinary Share, being the Company's closing mid-market share price on the business day prior to the grant.

Of the Options being granted to Directors (the "Director Options"), a quarter will vest a year following the date of grant, with a quarter vesting on each subsequent anniversary of the date of grant for the following three years. The Director Options are exercisable from the relevant vesting date, subject to the Company's closing mid-market share price exceeding certain targets for 10 consecutive business days, being 167p for the first vesting period, 200p for the second vesting period, 225p for the third vesting period and 250p for the final vesting period.

The Options being granted to PDMRs and Employees vest and become exercisable one year from the date of grant, subject to the Company's closing mid-market share price exceeding 167p for 10 consecutive business days. All Options expire on the tenth anniversary of the date of grant.

Following the above grant of options over Ordinary Shares, the Company has 1,244,448 options in issue over Ordinary Shares, representing 12.44% per cent. of the Company's issued share capital and voting rights.

The FCA notifications in respect of the above grant of the Options, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

 

ECSC Group plc (including press enquiries)
David Mathewson, Non-Executive Chairman
Ian Mann, Chief Executive Officer 

 

+44 (0) 1274 736 223

Allenby Capital Limited (Nominated Adviser and Broker)
David Hart/Asha Chotai (Corporate Finance)
Tony Quirke (Sales)

For more information please visit the following:  https://investor.ecsc.co.uk/

 

+44 (0) 203 3285 656

Yellow Jersey (PR and Investor Relations)
Sarah Hollins

Annabel Atkins

Matthew McHale

+44 (0) 203 004 9512

 

 

Notes to Editors:

Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest running full-service cyber security service provider. With an extensive range of in-house developed proprietary technologies, including advanced Artificial Intelligence (AI) systems, ECSC provides expert security breach prevention and advisory support to organisations across all sectors.

ECSC operates from two Security Operations Centres (SOCs): one in Yorkshire, UK, and the other in Brisbane, Australia.  ECSC offers flexible 24/7/365 cyber security monitoring, detection, and response support to its clients, either as a fully managed service or to enhance an organisation's existing cyber security systems.  In addition, ECSC's Assurance division provides guidance, certification to industry standards, and extensive testing services to allow organisations to assess their cyber security protection.

ECSC is led by a highly experienced senior management team with over 80 years' combined experience within the company, and has delivered consecutive organic growth for the last 20 years.

The Company's broad client base ranges from e-commerce start-ups to global blue-chip organisations, including 10% of the FTSE 100.

For more information please visit the following: https://investor.ecsc.co.uk/

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Mann

Chief Executive Officer

Lucy Sharp

Chief Operating Officer

Ian Castle

Chief Technology Officer

Gemma Basharan

Chief Financial Officer

Clare MacDonald

PDMR

Liz Knight

PDMR

Paul Lambsdown

PDMR

2

Reason for the notification

a)

Position/status

See above

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ECSC Group plc

b)

LEI

213800CG9B473DGJDC94

4

 

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

a)

 

Description of the financial instrument, type of instrument

Identification code

Options over Ordinary shares of 0.1p each in ECSC Group plc 

Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99

b)

Nature of the transaction

Grant of options over ordinary shares of 0.1p each in the Company

 

c)

Price(s) and volume(s)

Director / PDMR

No. of options granted

Exercise price

Ian Mann

100,000

69p

Lucy Sharp

100,000

69p

Ian Castle

80,000

69p

Gemma Basharan

80,000

69p

Clare MacDonald

10,000

69p

Liz Knight

5,000

69p

Paul Lambsdown

15,000

69p

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

28 September 2020

f)

Place of the transaction

Outside of a trading venue

 

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