6 Jul 2017 07:00
6 July 2017
FreeAgent Holdings plc
("FreeAgent" or the "Company")
Grant of Share Options
FreeAgent Holdings plc, a provider of cloud-based Software-as-a-Service ("SaaS") accounting software solutions and mobile applications designed specifically for UK micro-businesses, announces that on 5 July 2017 pursuant to applications to participate in the FreeAgent Holdings plc Save As You Earn Option Plan established in June (the "SAYE Scheme"), the Company has granted options over ordinary shares of 1 pence each ("SAYE Options") to the following Directors and PDMRs:
Director/PDMR | Options |
Kevin McCallum | 23,684 |
Roseann Wilson | 18,947 |
Maria Gutierrez | 23,684 |
Donald Lindsay | 23,684 |
Roan Lavery | 14,210 |
Katherine Tenner | 23,684 |
Total | 127,893 |
The above Options granted under the SAYE Scheme will vest automatically upon maturity of the underlying savings contracts on 1 August 2020 with an exercise price of 76 pence per share. A total of 570,804 SAYE Options were granted to participating employees (including Directors/PDMRs) under the SAYE Scheme.
In addition, the Company reports that options over ordinary shares of 1 pence each ("LTIP Options") were granted to Directors and PDMRs on 21 December 2016 and 13 June 2017 under the Company's Long Term Incentive Plan ("LTIP").
LTIP Options granted on 21 December 2016 were as follows:
Director/PDMR | Options |
Kevin McCallum | 77,778 |
Roseann Wilson | 15,789 |
Maria Gutierrez | 78,947 |
Donald Lindsay | 40,936 |
Katherine Tenner | 105,263 |
Total | 318,713 |
The above LTIP Options will, subject to the achievement of relevant performance targets, vest on 20 December 2019 with an exercise price of 85.5 pence per share.
LTIP Options granted on 13 June 2017 were as follows:
Director/PDMR | Options |
Kevin McCallum | 65,845 |
Roseann Wilson | 13,460 |
Maria Gutierrez | 67,082 |
Donald Lindsay | 34,712 |
Katherine Tenner | 89,023 |
Total | 270,122 |
The above LTIP Options will, subject to the achievement of relevant performance targets, vest on 12 June 2020 with an exercise price of 101.5 pence per share.
Including options outstanding under the Company's EMI share option plan which pre-date admission to trading on AIM in November 2016, the Company has outstanding employee share options over 3,187,224 ordinary shares, representing 7.83% of the current issued ordinary share capital.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
* * * * *
For further information please contact:
FreeAgent
| via FTI Consulting |
Ed Molyneux, CEO Katherine Tenner, CFO | |
Nplus1 Singer | +44 (0) 20 7496 3000 |
Sandy Fraser / James Hopton | |
FTI Consulting | +44 (0) 203 727 1000 |
Matt Dixon / Chris Lane / Emma Appleton |
End
Notification and public disclosure of transactions by person discharging managerial responsibilities and persons closely associated with them
a
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Kevin McCallum | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FreeAgent Holdings plc | ||||
b)
| LEI
| N/A | ||||
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
| Ordinary shares of 1 pence each
GB00BDFVDY36 | ||||
b)
| Nature of the transaction
| (i) Grant of Share Options (ii) Grant of Share Options (iii) Grant of Share Options
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a | ||||
e)
| Date of the transaction
| (i) 21 December 2016 (ii) 13 June 2017 (iii) 5 July 2017
| ||||
f)
| Place of the transaction
| (i) Outside of trading venue (ii) Outside of trading venue (iii) Outside of trading venue | ||||
a
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Roseann Wilson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FreeAgent Holdings plc | ||||
b)
| LEI
| N/A | ||||
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
| Ordinary shares of 1 pence each
GB00BDFVDY36 | ||||
b)
| Nature of the transaction
| (i) Grant of Share Options (ii) Grant of Share Options (iii) Grant of Share Options
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a | ||||
e)
| Date of the transaction
| (i) 21 December 2016 (ii) 13 June 2017 (iii) 5 July 2017
| ||||
f)
| Place of the transaction
| (i) Outside of trading venue (ii) Outside of trading venue (iii) Outside of trading venue | ||||
a
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Maria Gutierrez | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FreeAgent Holdings plc | ||||
b)
| LEI
| N/A | ||||
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
| Ordinary shares of 1 pence each
GB00BDFVDY36 | ||||
b)
| Nature of the transaction
| (i) Grant of Share Options (ii) Grant of Share Options (iii) Grant of Share Options
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a | ||||
e)
| Date of the transaction
| (i) 21 December 2016 (ii) 13 June 2017 (iii) 5 July 2017
| ||||
f)
| Place of the transaction
| (i) Outside of trading venue (ii) Outside of trading venue (iii) Outside of trading venue | ||||
a
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Donald Lindsay | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FreeAgent Holdings plc | ||||
b)
| LEI
| N/A | ||||
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
| Ordinary shares of 1 pence each
GB00BDFVDY36 | ||||
b)
| Nature of the transaction
| (i) Grant of Share Options (ii) Grant of Share Options (iii) Grant of Share Options
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a | ||||
e)
| Date of the transaction
| (i) 21 December 2016 (ii) 13 June 2017 (iii) 5 July 2017
| ||||
f)
| Place of the transaction
| (i) Outside of trading venue (ii) Outside of trading venue (iii) Outside of trading venue | ||||
a
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Roan Lavery | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FreeAgent Holdings plc | ||||
b)
| LEI
| N/A | ||||
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
| Ordinary shares of 1 pence each
GB00BDFVDY36 | ||||
b)
| Nature of the transaction
| (i) Grant of Share Options
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a | ||||
e)
| Date of the transaction
| (i) 5 July 2017
| ||||
f)
| Place of the transaction
| (i) Outside of trading venue
| ||||
a
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Katherine Tenner | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director - Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FreeAgent Holdings plc | ||||
b)
| LEI
| N/A | ||||
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
| Ordinary shares of 1 pence each
GB00BDFVDY36 | ||||
b)
| Nature of the transaction
| (i) Grant of Share Options (ii) Grant of Share Options (iii) Grant of Share Options
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a | ||||
e)
| Date of the transaction
| (i) 21 December 2016 (ii) 13 June 2017 (iii) 5 July 2017
| ||||
f)
| Place of the transaction
| (i) Outside of trading venue (ii) Outside of trading venue (iii) Outside of trading venue | ||||