Octagonal (OCT)

 

LSE:OCT: Grant of Director Options, PDMR Dealings

Octagonal

28 Sep 2017 11:59:51

Octagonal PLC

RNS Number : 1161S
Octagonal PLC
28 September 2017
 

 

For immediate release

28 September 2017

Octagonal plc

("Octagonal" or the "Company")

Grant of Director Options

PDMR Dealings

Octagonal Plc (LSE: OCT), the AIM traded financial services group, is pleased to announce that 1,750,000 Share Options (the "Options") have been awarded to Martin Davison, Non-Executive Director, in respect of the Group's performance in the year ended 31 March 2017 and on the same terms as the Share Options awarded to the Executive Directors and announced on 6 September 2017.     Mr Davison holds no other Share Options.

 

The Options have a 3 year term and an exercise price of 3p per Ordinary Share, representing a premium of 11.11% to the closing mid-market price on 27 September 2017. Half of the Options vest immediately whilst the other 50% vest in 12 months with the 3 year term commencing then, assuming the Option holder is still employed by the Company at that time.

 

The Options represent 0.31% of the Enlarged Issued Share Capital.

 

For further information please visit www.octagonalplc.com or contact:

 

Octagonal Plc

+44 (0) 20 7048 9400

John Gunn, CEO




Beaumont Cornish Limited (Nominated Adviser and Broker)

James Biddle / Roland Cornish

+44 (0) 20 7628 3396

www.beaumontcornish.com

 


The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Martin Davison

2

Reason for notification

a)

Position / status

Non-Executive Director

b)

Initial notification

/Amendment

Initial

3

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

a)

Name

Octagonal plc

b)

LEI

213800ATS5XS3UN4TF15

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

Ordinary shares of 0.05 pence each in Octagonal plc

ISIN GB00BWWCHQ23

 


Nature of the transaction

(i)            Grant of options over 1,750,000 ordinary shares for a 3 year term and exercisable at 3p per ordinary share


Price(s) and volumes(s)

 

Price(s)

Volumes(s)

(i)           n/a

1,750,000

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

27 September 2017

f)

Place of the transaction

Off market

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHSEAFSAFWSEIU