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23 Aug 2018 07:00
23 August 2018
Aeorema Communications plc
("Aeorema" or the "Company")
Grant of Options to Directors
Aeorema Communications plc announces that further to its announcement of 17 November 2017 regarding the grant of options to Steve Quah and Andrew Harvey, both directors of the Company, these options have been surrendered and re-granted for administrative reasons in connection with the Company's EMI share option scheme.
The Company has granted a total of 600,000 options to directors of the Company, under its EMI share option scheme, as follows:
Name | Title | Number of Options granted | Total options held following grant |
Steve Quah | Joint Managing Director | 300,000 | 600,000 |
Andrew Harvey | Joint Managing Director | 300,000 | 300,000 |
The options have an exercise price of 29p, being the average closing mid-market share price of an Ordinary Share on AIM in the thirty days ended 22 August 2018. The options vest on 17 November 2020 and can be exercised in the period from 17 November 2020 until 5:00pm on the business day before the tenth anniversary of the date of grant, being 22 August 2018.
For further information visit www.aeorema.com or contact:
Mike Hale | Aeorema Communications plc
| Tel: +44 (0) 20 7291 0444 |
John Depasquale / Liz Kirchner | Allenby Capital Limited (Nominated Adviser and Broker)
| Tel: +44 (0)20 3328 5656 |
Charlotte Page / Isabel de Salis | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a. | Name | Steve Quah |
2 | Reason for notification |
|
a. | Position/Status | Joint Managing Director |
b. | Initial notification/ Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a. | Name | Aeorema Communications plc |
b. | LEI | 213800PJBW6O7NDCKJ08 |
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 instrumentIdentification Code | Options over Ordinary Shares of 12.5p each ISIN: GB00B4QHH456 |
b. | Nature of the transaction | Grant of options under the EMI Share Scheme |
c. | Price(s) and volume(s) | Option awarded over 300,000 shares at an exercise price of 29p per share
|
d. | Aggregated information - Aggregated Volume - Price | N/A - Single Transaction |
e. | Date of the transaction | 22 August 2018 |
f. | Place of the transaction | Outside of trading venue |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a. | Name | Andrew Harvey |
2 | Reason for notification |
|
a. | Position/Status | Joint Managing Director |
b. | Initial notification/ Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a. | Name | Aeorema Communications plc |
b. | LEI | 213800PJBW6O7NDCKJ08 |
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 instrumentIdentification Code | Options over Ordinary Shares of 12.5p each ISIN: GB00B4QHH456 |
b. | Nature of the transaction | Grant of options under the EMI Share Scheme |
c. | Price(s) and volume(s) | Option awarded over 300,000 shares at an exercise price of 29p per share
|
d. | Aggregated information - Aggregated Volume - Price | N/A - Single Transaction |
e. | Date of the transaction | 22 August 2018 |
f. | Place of the transaction | Outside of trading venue |
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