8 Sep 2022 14:20
8 September 2022
D4t4 Solutions Plc
("D4t4" or "Company")
LTIP exercise and share buyback from former director, and TVR
Further to the retirement of Peter Kear from the board of D4t4 on 31 March 2022, the remuneration committee has now determined, in accordance with the rules of the D4t4 Long Term Incentive Plan that of the 138,591 remaining options over ordinary shares of 2p each in the capital of D4t4 ("Ordinary Shares") held by him at the time of his retirement, the proportion vested by reference to the committee's assessment of the delivery of the relevant performance criteria through to the date of his retirement, amounted to 76,661 options ("Vested Options").
Peter Kear has now exercised the Vested Options in full (each at an exercise price of 2p per Ordinary Share). The Ordinary Shares so arising have been satisfied from shares held in treasury by the Company. The Board of D4t4 has further determined to immediately buy such shares back from Peter Kear under the terms of the authority granted at the Company's last AGM, with the 76,661 Ordinary Shares being taken back into treasury at a total cost to the Company of £169,421, based on a price of 221p per share, being the closing mid-market price of Ordinary Shares at the close of business on 7 September 2022.
This purchase by the Company constitutes a related party transaction under the AIM Rules since Peter Kear was a director of D4t4 within the last 12 months. The Board of D4t4 having consulted with the Company's nominated adviser, finnCap, considers the terms of this transaction to be fair and reasonable insofar as the Company's shareholders are concerned.
Further to the above transaction, the Company advises that its issued share capital stands at 40,431,453 Ordinary Shares, with the number of shares held in treasury unchanged at 306,342 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company is 40,125,111 which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
D4t4 Solutions Plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
| +44 (0) 1932 893333 moreinfo@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