Last checked at 23 Sep 2016 14:21
23 September 2016
Eagle Eye Solutions Group plc
("Eagle Eye", the "Company" or the "Group")
Issue of share options
Eagle Eye, the SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries, announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 21 September 2016 to the following Executive Directors and senior personnel of Eagle Eye, as follows:
Director/Senior Personnnel | Role | Number of Ordinary Shares subject to option grant | Total number of Ordinary Shares under option post grant | % of existing issued share capital |
Tim Mason | CEO | 221,388 | 664,553 | 3.0% |
Phill Blundell | Deputy CEO | 123,162 | 407,514 | 1.8% |
Steve Rothwell | CTO | 96,242 | 716,168 | 3.2% |
Lucy Sharman-Munday | CFO | 91,582 | 255,965 | 1.2% |
Helen Slaven | CSO | 65,801 | 207,310 | 0.9% |
These awards have been made under the Eagle Eye Solutions Plc Long Term Incentive Plan scheme. These options vest between 30 June 2019 and 30 June 2020 subject to revenue performance criteria and also have a minimum share price performance hurdle, based on the share price at the date of grant of 106.0p. Each option has an exercise price of 1p per share.
Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 25,329,264; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 12.5%.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a)
| Name | 1. Tim Mason 2. Phill Blundell 3. Steve Rothwell 4. Lucy Sharman-Munday 5. Helen Slaven | |
2 | Reason for the notification | ||
a)
| Position/status | 1. Chief Executive Officer 2. Deputy Chief Executive Officer 3. Chief Technology Officer 4. Chief Financial Officer 5. Chief Sales Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Eagle Eye Solutions plc | |
b) | LEI | ||
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 1p each
GB00BKF1YD83 | |
b) | Nature of transaction | Grant of Options
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £0.01 exercise price per share 2. £0.01 exercise price per share 3. £0.01 exercise price per share 4. £0.01 exercise price per share 5. £0.01 exercise price per share | 1. 221,388 2. 123,162 3. 96,242 4. 91,582 5. 65,801 | ||
Aggregated information - Aggregated volume - Price
| 598,175 options £5,981.75 combined exercise price | ||
e) | Date of the transaction | 21 September 2016 | |
f) | Place of the transaction | Outside of a trading venue | |
For further information, please contact: Eagle Eye | |
Tim Mason, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer | Tel: 0844 824 3686 |
Investec (Nominated Advisor and Broker) | |
Dominic Emery/ David Anderson, Corporate Finance | Tel: 020 7886 2500 |
Matt Lewis, Corporate Broking Hudson Sandler | |
Nick Lyon/Alex Brennan | Tel: 020 7796 4133 |
Information on Eagle Eye www.eagleeye.com | |
Eagle Eye is a leading SaaS technology company that securely validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries.
The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offer and accelerate their innovation.
The UK promotions market is currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital. In 2014 there were in excess of 730 million coupons redeemed in the UK1, and 16 billion digital coupons redeemed worldwide2.
The Eagle Eye AIR platform comprises four key products: Eagle Eye Promote - for the management of offers and promotions, Eagle Eye Gift - for gift cards and customer care, Eagle Eye Reward - for loyalty and reward schemes and Eagle Eye Engage - for digital messaging. These four products enable the Company's customers to deliver targeted promotions, gift vouchers and rewards to consumers in real time, in a simple and secure way, across multiple marketing communications channels including email, SMS messaging and loyalty apps. The promotions can be redeemed securely by the consumer through any enabled point of sale channel.
The Company's current customer base comprises leading names in UK grocery, retail and hospitality including Asda, J Sainsbury, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.
Notes:
1. Source: Valassis 2014
2. Source: Statista 2014