Last checked at 9 Aug 2021 15:51
9 August 2021
AFERIAN PLC
("Aferian", the "Company" or the "Group")
Grant of Share Options
Aferian plc (LSE AIM: AFRN), a software-led global media technology company that delivers modern TV experiences, announces that the Group's Remuneration Committee and the Board have granted options ("Options") over ordinary shares of 1p ("Ordinary Shares") to Donald McGarva (Chief Executive Office), and Mark Carlisle (Chief Financial Officer and Chief Operations Officer).
A total of 191,500 Options were granted to Donald McGarva. As a result, Donald McGarva now holds a total of 726,100 options over Ordinary Shares and is also beneficially interested in a total of 553,698 Ordinary Shares.
A total of 136,500 Options were granted to Mark Carlisle. As a result, Mark Carlisle now holds a total of 524,500 options over Ordinary Shares and is also beneficially interested in a total of 8,751 Ordinary Shares.
Both these grants are nil-cost options, subject to continued employment and will vest over a period of three years. They are also subject to a performance condition tied to growth in share price averaged over a 90 day period. Vesting will commence in the event that average share price increases by amount approximately equivalent to 5% compound annual growth measured over the three year period. Full vesting would require the average share price to grow over the period to 192p.
The Board of the Group considers Options are an effective and important mechanism to incentivise and retain the executive team and to align them with shareholder interests.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.
For further information please contact:
Aferian PLC | +44 (0)1223 598197 |
Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer | |
finnCap Ltd (NOMAD and Broker) | +44 (0)20 7220 0500 |
Matt Goode / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (Equity Capital Markets) | |
FTI Consulting (Financial communications) | +44 (0)20 3727 1000 |
Emma Hall / Chris Birt / Gregory Hynes |
About Aferian plc
Aferian plc (AIM: AFRN) is a software-led, global Media Technology company. We deliver modern TV experiences the way viewers want them, seamlessly integrating streaming and Pay TV services. Our award-winning Next Generation technology platforms enable operators, broadcasters and content owners to provide viewers the choice, usability and convenience they expect.
It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately, their profitability.
Aferian plc has two operating companies: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.
Aferian plc is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the company has over 350 staff located in offices in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid, Porto, Brno, Buenos Aires and Hong Kong. For more information, please visit www.aferian.com.
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)
| Names | Donald McGarva, Chief Executive Officer |
2
| Reason for the notification | |
a)
| Position/status
| PDMR of the Company |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Aferian plc |
b)
| LEI | 21380068JIMBNNZJL315 |
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 1.0p each |
b) | Identification code | GB00B013SN63 |
c)
| Nature of the transaction
| Grant of Options |
d)
| Price(s) and volume(s) | Price(s) Volume(s) Nil-cost 191,500 options over ordinary shares |
d)
| Aggregated information - Aggregated volume - Price |
191,500 options over ordinary shares Nil-cost |
e)
| Date of the transaction | 9 August 2021 |
f)
| Place of the transaction | London Stock Exchange |
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Names | Mark Carlisle, Chief Financial Officer and Chief Operating Officer |
2
| Reason for the notification | |
a)
| Position/status
| PDMR of the Company |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Aferian plc |
b)
| LEI | 21380068JIMBNNZJL315 |
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 1.0p each |
b) | Identification code | GB00B013SN63 |
c)
| Nature of the transaction
| Grant of Options |
d)
| Price(s) and volume(s) | Price(s) Volume(s) Nil-cost 136,500 options over ordinary shares |
d)
| Aggregated information - Aggregated volume - Price |
136,500 options over ordinary shares Nil-cost |
e)
| Date of the transaction | 9 August 2021 |
f)
| Place of the transaction | London Stock Exchange |