4 Jan 2018 16:06
4 January 2018
Big Sofa Technologies Group plc
("Big Sofa" or the "Company")
Director/PDMR Shareholdings &
Grant of Share Options
Big Sofa (AIM: BST), a fast-growing international video analytics provider to consumer brands and market research agencies, announces the issuance of shares and the granting of share options.
Director/PDMR Share Issue
The following shares have been issued (at a price of 13.1p being the average mid-market closing price of the Company's Ordinary Shares for the 5 business days prior to the issue of such Ordinary Shares) to non-executive directors/PDMRs who had, as previously announced on 29 August 2017, agreed to receive directors' fees through 31 December 2017 in Big Sofa shares:
Name | Director/ PDMR | No. of shares issued in settlement of directors' fees | No. of shares beneficially held post Admission | % of ordinary share capital beneficially held post Admission |
Nicholas Mustoe | Director | 76,336 | 2,775,116 | 4.23% |
Adam Reynolds¹ | Director | 76,336 | 1,430,403 | 2.18% |
Steven Metcalfe² | Director | 76,336 | 1,388,737 | 2.12% |
Paul Clark | Director | 76,336 | 2,486,585 | 3.79% |
Terry Back³ | PDMR | 171,756 | 260,619 | 0.40% |
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TOTAL |
| 477,100 |
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¹ to be issued to Reyco Limited
² to be issued to Metcalfe Consultancy Limited
³ to be issued to SE16 LLP
Application has been made for these shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on or around 10 January 2018.
Total Voting Rights
The Company's total issued ordinary share capital following Admission will be 65,608,580 Ordinary Shares of 3p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
Grant of Share Options
(i) General Employee Share Option Plan
As part of the Company's commitment to cost saving, to staff retention and incentivisation and to encouraging alignment between all employees of the Company and its shareholders, the Company has granted each employee of the Company (including executive directors, Simon Lidington, Matthew Lynch, Joseph MacCarthy) options over 38,095 shares, resulting in the grant of an aggregate 1,257,143 share options, with an exercise price of 13.125p per share (reflecting the mid-market closing price of the Company's shares on 29 December 2017), and with a vesting period for 50% of the options on 19 December 2018 and 50% on 19 December 2019.
(ii) Executive Director and Key Staff Incentive and Retention Options
In addition to the general employee share option grants described above, options over an aggregate 794,118 shares have been granted to staff members (other than directors/PDMRs) who the board considers are key to the future growth of Big Sofa. These are at an exercise price of 17p per share, and with a vesting period for 50% of the options on 19 December 2018 and 50% on 19 December 2019.
Big Sofa has also granted 463,235 share options to members of senior management and 1,132,354 share options to the following executive directors, at an exercise price of 17p per share, which vest immediately:
Name | No. of share options granted |
Simon Lidington | 411,765 |
Matthew Lynch | 308,824 |
Joseph MacCarthy | 411,765 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Nicholas Mustoe |
2. | Reason for the notification | |
a) | Position/status | Non Executive Director |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Acquisition of shares as settlement for outstanding directors' fees, subject to Admission |
d) | Price(s) and volume(s) | Price: 13.1p Volume: 76,336 shares |
e) | Aggregated information - Aggregated volume - Price | As for d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Adam Reynolds |
2. | Reason for the notification | |
a) | Position/status | Non Executive Director |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Acquisition of shares as settlement for outstanding directors' fees, subject to Admission |
d) | Price(s) and volume(s) | Price: 13.1p Volume: 76,336 shares |
e) | Aggregated information - Aggregated volume - Price | As for d) above. |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Steven Metcalfe |
2. | Reason for the notification | |
a) | Position/status | Non Executive Director |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Acquisition of shares as settlement for outstanding directors' fees, subject to Admission |
d) | Price(s) and volume(s) | Price: 13.1p Volume: 76,336 shares |
e) | Aggregated information - Aggregated volume - Price | As per d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Paul Clark |
2. | Reason for the notification | |
a) | Position/status | Non Executive Director |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Acquisition of shares as settlement for outstanding directors' fees, subject to Admission |
d) | Price(s) and volume(s) | Price: 13.1p Volume: 76,336 shares |
e) | Aggregated information - Aggregated volume - Price | As per d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Terry Back |
2. | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Acquisition of shares as settlement for outstanding directors' fees, subject to Admission |
d) | Price(s) and volume(s) | Price: 13.1p Volume: 171,756 shares |
e) | Aggregated information - Aggregated volume - Price | As per d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Simon Lidington |
2. | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Grant of options |
d) | Price(s) and volume(s) | (1) Price: 17p; Volume: 411,765 shares (2) Price 13.125p, Volume 38,095 shares |
e) | Aggregated information - Aggregated volume - Price | As per d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
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1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Matthew Lynch |
2. | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Grant of options |
d) | Price(s) and volume(s) | (1) Price: 17p; Volume: 308,824 shares (2) Price 13.125p, Volume 38,095 shares |
e) | Aggregated information - Aggregated volume - Price | As per d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Joseph MacCarthy |
2. | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Big Sofa Technologies Group plc |
b) | LEI | 213800OHTMACPIYEM990 |
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 | Ordinary Shares of 3 pence each |
b) | Identification code | GBOOBZIB7619 |
c) | Nature of the transactions | Grant of Options |
d) | Price(s) and volume(s) | (1) Price: 17p; Volume: 411,765 shares (2) Price 13.125p, Volume 38,095 shares
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e) | Aggregated information - Aggregated volume - Price | As per d) above |
f) | Date of the transactions | 4 January 2018 |
f) | Place of the transactions | Off-market |
Enquiries
Big Sofa Technologies Group plc | via Vigo Communications |
Simon Lidington, CEO |
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Matt Lynch, CSO |
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Joe MacCarthy, CFO |
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Vigo Communications (Financial Public Relations) | +44 (0) 20 7830 9700 |
Ben Simons / Jeremy Garcia / Antonia Pollock | |
SPARK Advisory Partners (NOMAD) | +44 (0)20 3368 3554 |
Neil Baldwin / Mark Brady |
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Hobart Capital Markets (Broker) | +44 (0) 20 7070 5656 |
Lee Richardson / Phillip Worton |
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About Big Sofa Technologies Group plc
Big Sofa is a B2B technology business servicing the marketing and consumer insight industries with video analytics.
Our software platform collates, analyses and organises large volumes of raw/unstructured video content enabling companies to perform detailed and sophisticated consumer insight analysis; and make genuine use of their video content.
Until recently, video has been difficult and expensive to capture, upload, store, manage and analyse as a consumer insight tool. However, proliferation of smart phones has empowered consumers to speak directly to brands resulting in an evolution of consumer insight and data analytics techniques, with video emerging as a key platform in a massive $33 billion consumer research market.
Big Sofa's shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech