Pelatro PLC (LON:PTRO)

Pelatro PLC (LON:PTRO)


Share Price
76.00 p
Change
0 (0.00 %)
Market Cap
£24.72 m
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Pelatro PLC RNS Release

New Employee Share Option Plan & Grant of Options


RNS Number : 0726N
Pelatro PLC
15 January 2019
 

Pelatro Plc

("Pelatro", the "Company" or the "Group")

 

New Employee Share Option Plan and Grant of Options

 

Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, announces that on 14 January 2019 it established a share option plan for senior employees, (the "Plan"). The number of options that may be awarded under the Plan is limited such that the total of new ordinary shares of 2.5 pence each ("Ordinary Shares") under option will be less than 10 per cent. of the issued share capital.

 

The Plan has been established in order to align the longer-term interests of such employees with those of shareholders and incentivise the creation of shareholder value. The Board has approved the terms of the Scheme and authorised an initial award of options to employees and a Director on 14 January 2019 over a total of 1,640,000 Ordinary Shares at an exercise price of 73p per share, being the closing price of Pelatro shares on 14 January 2019 (the "Options"). The Options represent approximately 5 per cent. of the Company's issued share capital. The Options have a contract start date of 15 January 2019 and are exercisable, subject to the grantee remaining in employment with a member of the Pelatro Group, over 4 years and their exercise on vesting is not dependent upon any performance criteria.

 

Following initiation of the Plan, the Company has granted options over a total of 1,714,000 Ordinary Shares representing approximately 5.3 per cent. of the issued share capital.

 

Within the award of options referred to above, the following Director has been granted options over a total of 50,000 Ordinary Shares:

 

Name

Position

Option Award

(number of shares)

Vesting Date

Total options following the grant (number of shares)






Nic Hellyer

Finance Director

50,000

12,500 vest on or after 15 January 2021

12,500 vest on or after 15 January 2022

25,000 vest on or after 15 January 2023

100,000






 

 

Enquiries:

 

Pelatro plc

Via Walbrook PR

Subash Menon, Managing Director & CEO

Nic Hellyer, Finance Director


 

 

finnCap - Nominated Adviser and Broker

Tel: +44 (0) 20 7720 0500

Carl Holmes/Kate Bannatyne




Walbrook PR (Media & Investor Relations)

Tel: +44 (0) 20 7933 8780

Paul Cornelius / Nick Rome / Sam Allen

[email protected]

 

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

 

Pelatro provides its "mViva" platform for use by customers in B2C applications and is well positioned in the Multichannel Marketing Hub space (MMH) - this is technology that orchestrates a customer's communications and offers to customer segments across multiple channels to include websites, social media, apps, SMS, USSD and others.

 

Pelatro is expanding by a mix of organic and acquisition led growth. In August 2018 the Company completed the acquisition of certain assets of Danateq Pte Ltd (Danateq). This acquisition doubled the subscriber base to 325 million and bought immediate entry into Central Europe as well as a large recurring revenue base. For more information about Pelatro, visit www.pelatro.com

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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

Nic Hellyer

2.               

Reason for the Notification

a)

Position/status

Finance Director

b)

Initial notification/Amendment

Initial notification

3.    

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

a)

Name

Pelatro plc

b)

LEI

213800U45T7TEZX38V60

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

 

Options over ordinary shares of 2.5p

Identification code

GB00BYXH8F66

b)

Nature of the transaction

 

Grant of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

50,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See above

e)

Date of the transaction

14 January 2019

f)

Place of the transaction

Outside of a trading venue

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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