16 Mar 2021 16:57
16 March 2021
Blancco Technology Group PLC
Launch of SAYE scheme and Director Dealing
Blancco Technology Group PLC (AIM: BLTG, "Blancco", the "Company" or the "Group"), the industry standard in data erasure and mobile device diagnostics, is pleased to announce that it has launched the 2021 Save As You Earn Scheme (the "SAYE" Scheme) for all eligible employees.
The SAYE scheme allows eligible employees to commit to making a deduction from salary on a monthly basis over three years. At the end of the three year period, employees can purchase the Company's ordinary shares of 0.02 pence each ("Ordinary Shares") at a price of 228 pence per Ordinary Share, representing a 20% discount to the closing middle market price of the Ordinary Shares on the three days prior to the scheme being launched on 8 March 2021. The discount is in line with the limits of the SAYE scheme as defined by HMRC.
The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2021 SAYE Scheme:
Name Director/PDMR Monthly deduction from pay
Matt Jones Director $700 USD
Adam Moloney Director £500 GBP
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction described above.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name: | 1. Matt Jones 2. Adam Moloney | |||||||||
2. | Reason for the notification | ||||||||||
a) | Position/status: | 1. Chief Executive Officer 2. Chief Financial Officer | |||||||||
b) | Initial notification/Amendment: | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name: | Blancco Technology Group plc | |||||||||
b) | LEI: | 2138008487QKMQTA5428 | |||||||||
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 2p each
GB00B06GNN57 | |||||||||
b) | Nature of the transaction: | Participation in the Company's SAYE scheme - commitment to deduct salary in order to have the option to acquire Ordinary Shares after three years | |||||||||
c) | Price(s) and volume(s): |
*assuming a GBP:USD exchange rate of 1.4 | |||||||||
d) | Aggregated information: · Aggregated volume: · Price: |
*assuming a GBP:USD exchange rate of 1.4 | |||||||||
e) | Date of the transaction: | 16 March 2021 | |||||||||
f) | Place of the transaction: | Outside of a trading venue | |||||||||
For further information:
Blancco Technology Group plc Matt Jones, Chief Executive Officer Adam Moloney, Chief Financial Officer
| via Buchanan |
Peel Hunt (Nominated Advisor & Joint Broker) Edward Knight / Paul Gillam / Nick Prowting
| +44 (0) 20 7418 8900 |
Investec Bank plc (Joint Broker) Patrick Robb / Sara Hale / Virginia Bull
| +44 (0) 20 7597 5970 |
Buchanan Communications Limited Chris Lane / Stephanie Watson / Charlotte Slater blancco@buchanan.uk.com
| +44 (0) 20 7466 5000 |
About Blancco
Blancco Technology Group plc is a leading global provider of mobile device diagnostics and secure data erasure solutions. For more information, please visit www.blanccotechnologygroup.com.