31 Aug 2022 09:15
31 August 2022
D4t4 Solutions Plc
Grant of Awards under Long Term Incentive Plan
D4t4 Solutions Plc (AIM: D4t4, "the Group", "D4t4"), the AIM-listed data solutions provider, announces that on 26 August 2022, Bill Bruno, CEO and Ash Mehta, CFO were granted options over ordinary shares of two pence each in the Company ("Ordinary Shares").
Awards were made in two tranches as set out below under the terms of the D4t4 Long Term Incentive Plan ("LTIP").
Director/ PDMR | Position | Tranche A (Shares) | Tranche B (Shares) |
Bill Bruno | Chief Executive Officer | 121,065 | 40,921 |
Ash Mehta | Chief Financial Officer
| 55,102 | 17,770 |
Vesting of awards in Tranche A is subject to the satisfaction over the three-year period, beginning 1 April 2022, of specified performance conditions, based on the Company's relative Total Shareholder Return (TSR) in respect of half of the award, and growth in Annual Recurring Revenue (ARR) in respect of the other half. Vesting criteria have been set as follows:
· 15% annual compound growth in ARR to achieve minimum award vesting, with a sliding scale above this level, up to full vesting at 27.5% compound growth; and
· TSR of no less than median performance against the selected benchmark for minimum vesting, with a sliding scale above this level, up to full vesting for top-quartile performance.
Tranche B relates to the grant of deferred bonus awards (in lieu of a portion of the cash award) relating to the 2021/22 Bonus Plan. The award is in the form of an option to acquire shares at an exercise price of £0.02 per share, normally vesting on the 2nd anniversary of grant, subject to continued employment, and as a 'Deferred Bonus Award' is therefore not subject to performance conditions. The Tranche B awards will benefit from dividend equivalents in accordance with the LTIP Rules.
Enquiries
D4t4 Solutions Plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
| +44 (0) 1932 893333 investors@d4t4solutions.com
|
finnCap (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Alice Lane, ECM
| +44 (0) 20 7220 0500 |
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts
| +44 (0) 20 7523 8000 |
About D4t4 Solutions plc
D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping global enterprises derive value from their data assets.
Supporting customers in financial services, retail, travel, healthcare, and telecommunications across 27 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the Group's flagship first party data product suite. Celebrus CDP automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus FDP helps companies prevent fraud before it happens. Celebrus CDM provides an enterprise platform ***that automates the integration and transformation of customer data from all relevant data sources, whether on-premises or cloud, to deliver customer and regulatory analytics.
The Group has offices in the UK, USA, India, and Australia with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.
For more information, please see www.d4t4solutions.com
The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Bill Bruno | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive Offer | ||||
b) | Initial notification/Amendment: | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | D4t4 Solutions Plc | ||||
b) | LEI: | 213800HP3XUS3KTGWT63 | ||||
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: | Options over ordinary shares of 2p GB0001351955 | ||||
b) | Nature of the transaction: | Transfer of Convertible Loan Notes | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: ·Aggregated volume: ·Price: | Grant of 161,986 options over ordinary shares of 2 pence at an exercise price of 2 pence
| ||||
e) | Date of the transaction: | 26/08/2022 | ||||
f) | Place of the transaction: | Outside of trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Ash Mehta | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Financial Offer | ||||
b) | Initial notification/Amendment: | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | D4t4 Solutions Plc | ||||
b) | LEI: | 213800HP3XUS3KTGWT63 | ||||
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: | Options over ordinary shares of 2p GB0001351955 | ||||
b) | Nature of the transaction: | Transfer of Convertible Loan Notes | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: ·Aggregated volume: ·Price: | Grant of 72,872 options over ordinary shares of 2 pence at an exercise price of 2 pence
| ||||
e) | Date of the transaction: | 26/08/2022 | ||||
f) | Place of the transaction: | Outside of trading venue | ||||