Last checked at 28 Jan 2020 07:00
28 January 2020
GetBusy plc
Grant of Options under Replacement Incentive Schemes and PDMR Dealings
GetBusy plc (AIM: GETB) ("GetBusy" or "the Company" or "the Group"), a developer of document management and communication software products, announces that, further to the approval by shareholders at the General Meeting on 7 January 2020, on 27 January 2020 it cancelled 4,452,326 existing options over ordinary shares in the Company and subsequently granted, in aggregate, 6,593,705 replacement options over ordinary shares in the Company to Daniel Rabie (Chief Executive Officer), Paul Haworth (Chief Financial Officer) and Ben Oliver (Chief Technology Officer), as detailed below.
The options have been granted under the Company's EMI Share Option Plan and Value Creation Plan (as defined in the circular ("Circular") to shareholders dated 19 December 2019, referred to together as the "Replacement Incentive Schemes"). The background to and rationale for the adoption of the Replacement Incentive Schemes and details thereon can be found in the Circular, which is available on the Company's website at www.getbusy.com/about/investors.
Cancellation of options under existing schemes
The table below shows the number of options that were surrendered by the participants and cancelled by the Company:
Performance measurement date | Share price performance condition | Daniel Rabie (CEO) | Paul Haworth (CFO) | Ben Oliver (CTO) |
3 August 2020 | 37.7p | 1,570,727 | 612,000 | 488,669 |
3 August 2021 | 41.4p | 305,419 | 119,000 | 95,019 |
3 August 2022 | 45.6p | 305,419 | 119,000 | 95,019 |
3 August 2022 | 84.9p | 436,313 | 170,000 | 135,741 |
Total | - | 2,617,878 | 1,020,000 | 814,448 |
Issues of options under the Replacement Incentive Schemes
The table below shows the number of options that were granted under the Replacement Incentive Schemes:
| Daniel Rabie (CEO) | Paul Haworth (CFO) | Ben Oliver (CTO) |
EMI Share Option Plan | 2,196,428 | 892,857 | 892,857 |
Value Creation Plan | 1,828,094 | 522,313 | 261,156 |
Total | 4,024,522 | 1,415,170 | 1,154,013 |
% of issued share capital | 8.23% | 2.89% | 2.36% |
The options under the Replacement Incentive Schemes vest in accordance with the rules of the EMI Share Option Plan and the Value Creation Plan, both of which were summarised in the Appendix to the Circular, and collectively represent 13.48% of the issued share capital of the Company.
It should be noted that the rules of the EMI Share Option Plan and the Value Creation Plan both require that the total number of shares issued or issuable under the Group's incentive plans may not exceed 15% of the Company's ordinary share capital in any 10-year period.
The table below shows the resultant beneficial interests of Daniel Rabie, Paul Haworth and Ben Oliver in ordinary shares of the Company and in options over ordinary shares of the Company:
| Daniel Rabie (CEO) | Paul Haworth (CFO) | Ben Oliver (CTO) |
Ordinary shares | 1,570,789 | 70,000 | 30,824 |
Options over ordinary shares | 4,024,522 | 1,415,170 | 1,154,013 |
Enquiries
GetBusy plc
investors@getbusy.com
Liberum Capital Limited (Nomad and Broker)
Bidhi Bhoma / Cameron Duncan +44 (0)20 3100 2000
About GetBusy
GetBusy is a global Document Management and Communication software business that provides highly secure forms of digital document distribution, workflows and client chat. 1.5 million users are now registered to share information through GetBusy's award-winning online client portals.
Further information on the Group is available at www.getbusy.com/about/investors
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Daniel Rabie | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Executive Officer | |||
b)
| Initial notification /Amendment | Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name | GetBusy plc | |||
b)
| LEI | 213800LAMARZB9AQJ376 | |||
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 | Ordinary Shares of 0.15 pence | |||
Identification code | ISIN: GB00BG0TSD71 | ||||
b)
| Nature of the transaction | Cancellation of existing options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 2,617,878 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 27 January 2020 | |||
f)
| Place of the transaction | Off-market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Paul Haworth | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Financial Officer | |||
b)
| Initial notification /Amendment | Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | GetBusy plc | |||
b)
| LEI | 213800LAMARZB9AQJ376 | |||
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 | Ordinary Shares of 0.15 pence | |||
Identification code | ISIN: GB00BG0TSD71 | ||||
b)
| Nature of the transaction | Cancellation of existing options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 1,020,000 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 27 January 2020 | |||
f)
| Place of the transaction
| Off-market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Ben Oliver | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Technical Officer | |||
b)
| Initial notification /Amendment | Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | GetBusy plc | |||
b)
| LEI | 213800LAMARZB9AQJ376 | |||
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 | Ordinary Shares of 0.15 pence | |||
Identification code | ISIN: GB00BG0TSD71 | ||||
b)
| Nature of the transaction | Cancellation of existing options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 814,448 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 27 January 2020 | |||
f)
| Place of the transaction | Off-market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Daniel Rabie | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Executive Officer | |||
b)
| Initial notification /Amendment | Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | GetBusy plc | |||
b)
| LEI | 213800LAMARZB9AQJ376 | |||
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 | Ordinary Shares of 0.15 pence | |||
Identification code | ISIN: GB00BG0TSD71 | ||||
b)
| Nature of the transaction | Grant of options under the Company's EMI Share Option Plan and Value Creation Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 4,024,522 | ||||
d)
| Aggregated information | N/A (single transaction) | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 27 January 2020 | |||
f)
| Place of the transaction
| Off-market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Paul Haworth | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Financial Officer | |||
b)
| Initial notification /Amendment | Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | GetBusy plc | |||
b)
| LEI | 213800LAMARZB9AQJ376 | |||
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 | Ordinary Shares of 0.15 pence | |||
Identification code | ISIN: GB00BG0TSD71 | ||||
b)
| Nature of the transaction | Grant of options under the Company's EMI Share Option Plan and Value Creation Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 1,415,170 | ||||
d)
| Aggregated information | N/A (single transaction) | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 27 January 2020 | |||
f)
| Place of the transaction
| Off-market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Ben Oliver | |||
2
| Reason for the notification
| ||||
a)
| Position/status | Chief Technical Officer | |||
b)
| Initial notification /Amendment | Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | GetBusy plc | |||
b)
| LEI | 213800LAMARZB9AQJ376 | |||
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 | Ordinary Shares of 0.15 pence | |||
Identification code | ISIN: GB00BG0TSD71 | ||||
b)
| Nature of the transaction | Grant of options under the Company's EMI Share Option Plan and Value Creation Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 1,154,013 | ||||
d)
| Aggregated information | N/A (single transaction) | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction | 27 January 2020 | |||
f)
| Place of the transaction
| Off-market | |||