Last checked at 15 Feb 2019 07:00
15 February 2019
Veltyco Group plc
("Veltyco", the "Company" or the "Group")
Grant of New Options
Amendments to Terms of Existing Options
Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that, on 14 February 2019, it granted options over, in aggregate, 2,420,000 ordinary shares of zero par value ("Ordinary Shares") to the directors and certain employees of the Company (the "New Options"), pursuant to the Company's Long Term Incentive Plan - May 2016 (as amended) (the "2016 Plan").
The New Options have an exercise price of 15p per share, being the issue price of new Ordinary Shares issued pursuant to the placing announced by the Company on 30 January 2019. Pursuant to the terms of the 2016 Plan, the New Options will vest in equal instalments over the four years following the first anniversary of the date of grant and any of the New Options that remain unexercised on the fifth anniversary of the date of grant will lapse. In light of the New Options being granted, Messrs Rosman and Noordeloos have agreed that the Company will cancel the 300,000 options granted to each of them on 5 July 2017. The number of options held by directors is summarised in the table below:
Director | 2016 Options* | New Options Granted | Total Options |
Paul Duffen | - | 1,000,000 | 1,000,000 |
Mark Rosman | 400,000 | 550,000 | 950,000 |
Marcel Noordeloos | 750,000 | 550,000 | 1,300,000 |
Rainer Lauffs | 750,000 | 250,000 | 1,000,000 |
* - Options granted on 1 July 2016 pursuant to the terms of the 2016 Plan, with an exercise price of 25p per share.
In addition, 109,846 existing warrants that were granted by the Company on 5 October 2017, have had the terms amended, such that they will now be exercisable at a price of 15p per share.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
1 | Details of the persons discharging managerial responsibilities | ||||||||
a) | Name | 1. Paul J Duffen 2. Mark Rosman 3. Marcel Noordeloos 4. Rainer Lauffs
| |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | 1. Non-Executive Chairman 2. Non-Executive Director 3. Finance Director 4. Director - Operating officer | |||||||
b) | Initial notification /Amendment | Initial notification | |||||||
3 | Details of the issuer | ||||||||
a) | Name | Veltyco Group plc | |||||||
b) | LEI | 2138007KWLZHV5I1A979
| |||||||
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 no par value | |||||||
Identification code | ISIN for Ordinary Shares: IM00BYT32K14
| ||||||||
b) | Nature of the transaction | Grant of options | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price
| - Options over 2,350,000 shares - 15p per share (exercise price) | |||||||
e) | Date of the transaction | 15 February 2019 | |||||||
f) | Place of the transaction | Outside a trading venue. New Ordinary Shares issued on exercise of options will be admitted to trading on AIM, London Stock Exchange | |||||||
For further information please contact:
Veltyco Group Plc +44 (0)1624 605 764
Paul Duffen, Chairman
Marcel Noordeloos, Chief Financial Officer
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris / Richard Tulloch / James Dance
Whitman Howard Ltd (Broker) +44 (0)20 7659 1234
Nick Lovering / Christopher Furness
IFC Advisory (Financial PR & IR) +44 (0)20 3934 6630
Graham Herring / Miles Nolan / Zach Cohen
About Veltyco
Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
Website: www.veltyco.com