Last checked at 12 Dec 2023 17:32
12 December 2023
Cirata plc
("Cirata" or the "Company")
Grant of Share Options to PDMRs
Cirata plc (LSE: CRTA), announces that on 8 December 2023 it awarded a total of 600,000 options to acquire ordinary shares of 10 pence per share ("Options") to the following persons discharging managerial responsibilities ("PDMR") under the 2023 Cirata plc Amended and Restated Share Option Plan, as follows:
PDMR | Number of new Options vesting over 3 years | Exercise price (p) | Vesting |
Yeturu Aahlad, Chief Scientist and Co-Founder | 150,000 | 57.00 | 3 year vesting schedule; quarterly vesting following the first anniversary |
Paul Scott-Murphy, CTO | 150,000 | 57.00 | 3 year vesting schedule; quarterly vesting following the first anniversary |
Justin Holtzinger, SVP Customer Success and Engineering | 150,000 | 57.00 | 3 year vesting schedule; quarterly vesting following the first anniversary |
Larry Webster, General Counsel, Company Secretary | 150,000 | 57.00 | 3 year vesting schedule; quarterly vesting following the first anniversary |
The award of the Options brings the total options held by Yeturu Aahlad to 350,000, being 0.3% of issued share capital, 380,000 options held by Paul Scott-Murphy, being 0.3% of the issued share capital, 323,334 options held by Justin Holtzinger, being 0.3% of the issued share capital, and 277,500 options held by Larry Webster, being 0.2% of the issued share capital. The Company's Remuneration Committee has approved the awards and regards long term incentives as an important part of the remuneration of members of the leadership team to align them with shareholder interests.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
This announcement contains information that qualifies or may qualify as inside information. The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary.
Cirata plc | Via FTI Consulting |
Stephen Kelly, Chief Executive Officer | |
Ijoma Maluza, Chief Financial Officer | |
Daniel Hayes, Investor Relations | |
FTI Consulting | +44 (0)20 3727 1137 |
Matt Dixon / Kwaku Aning / Usama Ali
| |
Stifel (Nomad and Joint Broker) | +44 (0)20 7710 7600 |
Fred Walsh / Richard Short / Tom Marsh | |
Liberum (Joint Broker) |
+44 (0)20 3100 2000 |
Max Jones / Ben Cryer / Miquela Bezuidenhoudt
|
About Cirata
Cirata accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of MAR.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Yeturu Aahlad | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Scientist and Co-Founder (PDMR for notification) | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Cirata plc | ||||
b) | LEI | 213800Y1A75RSC698O04 | ||||
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 10p each
ISIN: JE00B6Y3DV84 | ||||
b) | Nature of the transaction | Grant of Share options - vesting over 3 years | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 8 December 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Scott-Murphy | ||||
2 | Reason for the notification | |||||
a) | Position/status | CTO (PDMR for notification) | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Cirata plc | ||||
b) | LEI | 213800Y1A75RSC698O04 | ||||
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 10p each
ISIN: JE00B6Y3DV84 | ||||
b) | Nature of the transaction | Grant of Share options - vesting over 3 years | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 8 December 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Justin Holtzinger | ||||
2 | Reason for the notification | |||||
a) | Position/status | SVP Customer Success and Engineering (PDMR for notification) | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Cirata plc | ||||
b) | LEI | 213800Y1A75RSC698O04 | ||||
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 10p each
ISIN: JE00B6Y3DV84 | ||||
b) | Nature of the transaction | Grant of Share options - vesting over 3 years | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 8 December 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Larry Webster | ||||
2 | Reason for the notification | |||||
a) | Position/status | General Counsel, Company Secretary (PDMR for notification) | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Cirata plc | ||||
b) | LEI | 213800Y1A75RSC698O04 | ||||
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 10p each
ISIN: JE00B6Y3DV84 | ||||
b) | Nature of the transaction | Grant of Share options - vesting over 3 years | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 8 December 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||