Last checked at 14 Feb 2020 07:00
14 February 2020
Eagle Eye Solutions Group plc
("Eagle Eye", the "Group", or the "Company")
Issue of share options
Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 13 February 2020 to the following Executive Directors and senior personnel of Eagle Eye, as follows:
Director/Senior Personnel | 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 | 188,775 | 1,717,404 | 6.7% |
Steve Rothwell | CTO | 109,050 | 905,750 | 3.5% |
Lucy Sharman-Munday | CFO | 109,050 | 647,230 | 2.5% |
Al Henderson | CSO | 49,165 | 276,165 | 1.1% |
David Aylmer | COO | 63,397 | 313,604 | 1.2% |
These awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme and have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the financial year ending 30 June 2022 subject to revenue and EBITDA performance criteria and the overall underlying performance of the Company. In common with previous awards, the number of options which vest will vary depending on the level of achievement between threshold, target and stretch performance levels.
Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 30,187,323; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 15.6% of the fully diluted number of Ordinary Shares. This is in accordance with the Company's shareholder approved limit for shares outstanding under the Company's share option schemes at any time of a maximum of 20% of the ordinary share capital of the Company in issue at such time.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a)
| Name | 1. Tim Mason 2. Steve Rothwell 3. Lucy Sharman-Munday 4. Al Henderson 5. David Aylmer | |
2 | Reason for the notification | ||
a)
| Position/status | 1. Chief Executive Officer 2. Chief Technology Officer 3. Chief Financial Officer 4. Chief Sales Officer 5. Chief Operating 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 Group plc | |
b) | LEI | 2138002S1AIBVVMZ7A21 | |
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. 188,775 2. 109,050 3. 109,050 4. 49,165 5. 63,397 | ||
Aggregated information - Aggregated volume - Price |
519,437 options £5,194.37 combined exercise price | ||
e) | Date of the transaction | 13 February 2020 | |
f) | Place of the transaction | Outside of a trading venue | |
For further information, please contact:
Tim Mason, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer
|
Tel: 0844 824 3686 |
Investec (Nominated Advisor and Joint Broker) Corporate Finance: David Anderson / Sebastian Lawrence Corporate Broking: Sara Hale, Toba Fatimilehin
| Tel: 020 7597 5970
|
Shore Capital (Joint Broker) Corporate Finance: Hugh Morgan/ Daniel Bush/ Sarah Mather Corporate Broking: Henry Willcocks
| Tel: 020 7408 4090 |
Alma PR Caroline Forde/ Rebecca Sanders-Hewett/ Jessica Joynson
|
Tel: 020 3405 0205 |
About Eagle Eye
Eagle Eye is a leading SaaS technology company transforming marketing by creating digital connections that enable personalised performance marketing in real time through coupons, loyalty, apps, subscriptions and gift services.
Eagle Eye AIR enables the secure issuance and redemption of digital offers and rewards at scale, across multiple channels, enabling a single customer view. We create a network between merchants, brands and audiences to enable customer acquisition, interaction and retention at lower cost whilst driving marketing innovation.
The Group's current customer base comprises leading names in UK Grocery, Retail and Food & Beverage sectors, including Asda, Sainsbury's, Tesco, Waitrose and John Lewis & Partners, JD Sports, Greggs, Mitchells & Butlers, Pizza Express and in Canada, Loblaws, Shoppers Drug Mart and Esso.
For more information, please visit www.eagleeye.com