Last checked at 16 Dec 2014 16:34
16 December 2014
Eagle Eye Solutions Group plc
("Eagle Eye", the "Company" or the "Group")
Issue of Share Options
Eagle Eye, a leading UK provider of digital consumer engagement solutions to the retail and hospitality industries, announces that the following unapproved options over ordinary shares of 1p each in Eagle Eye, held by Steve Rothwell, Chief Technical Officer and Founder of Eagle Eye, have been cancelled and replaced by the grant of equivalent EMI options on the same terms on 16 December 2014, as follows:
| Number of cancelled unapproved options | Number of newly granted replacement EMI options | Total number of options held post grant (unchanged) | % of existing issued share capital represented by options |
Steve Rothwell | 51,545 | 51,545 | 574,000 | 2.9% |
The option vesting conditions, which are performance related, remain unchanged, as does the exercise price of 51.25p each.
Following the cancellation and new grant of options, the total number of options over ordinary shares of 1p each in the Company remains unchanged at 1,609,128, representing 8.0% of the Company's issued share capital. The fully diluted share capital of the Company shall remain unchanged at 21,740,280.
For further information, please contact:
Eagle Eye Phill Blundell, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer | Tel: 01483 246 426 |
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Panmure Gordon Hugh Morgan/Duncan Monteith, Corporate Finance Charles Leigh-Pemberton, Corporate Broking | Tel: 020 7886 2500 |
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Hudson Sandler Nick Lyon/Alex Brennan | Tel: 020 7796 4133 |
Information on Eagle Eye
www.eagleeye.com
Eagle Eye is a leading UK provider of digital consumer engagement solutions, enabling the retail and hospitality industries to deliver real-time digital promotions.
The Company provides a digital transaction platform, Eagle Eye AIR, for the secure, real-time, multi-channel issuance, management and redemption of digital offers, vouchers and rewards, replacing previously used paper-based methods.
The coupons, stored value and loyalty-based rewards markets are currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital offers, vouchers and rewards. These markets, in aggregate, are estimated to be worth £54.8 billion, £4.7 billion and £210 million respectively.
The Eagle Eye platform comprises four key components: campaign creation; issuance; redemption and reporting. The Company's products supported by the Eagle Eye platform allow the Company's clients to deliver relevant offers, vouchers and rewards to consumers in real time, in a simple and secure way, across multiple media 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 retail and hospitality including Aurora Fashion, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Orange, Pizza Express, Tesco and Thomas Pink.
The Group is headquartered in Guildford, Surrey and has an office in Manchester.