Last checked at 12 Mar 2019 15:17
Idox plc
("Idox" or "the Group")
Director Dealings and Option Awards
Idox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, is pleased to announce the following award of Long Term Incentive awards and share purchases.
On 11 March 2019 Chris Stone, Non-Executive Chairman, purchased 585,500 ordinary shares of 1 pence each (Ordinary Shares) at a price of 34 pence per Ordinary Share through his family investment company Pet Lamb Holdings Limited. Following this transaction Chris Stone, through Pet Lamb Holdings, has a beneficial interest in 585,500 Ordinary Shares, representing 0.14 per cent of the Company's issued share capital.
In addition, on 11 March 2019 David Meaden, Chief Executive Officer, purchased 292,700 Ordinary Shares at a price of 34 pence per Ordinary Share. Following this transaction David Meaden has a beneficial interest in 292,700 Ordinary Shares, representing 0.07 per cent of the Company's issued share capital.
In line with the Company's Matching Share Award Plan ("Matching Plan") which matches shares purchased on a one for one basis by the Company, further to the share purchase by Chris Stone, the Company has granted nominal value options over 585,500 Ordinary Shares to Chris Stone.
Pursuant to the Company's Long Term Incentive Plan ('LTIP') the Company also granted nil-cost options over a total of 3,512,400 Ordinary Shares to David Meaden. The share awards under the LTIP and Matching Plan will ordinarily vest in three years' time subject to the grantee's continued service and are exercisable for 7 years thereafter with the latest exercise date being 11 March 2029.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Stone | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chairman | ||||
b) | Initial notification /Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Idox plc | ||||
b) | LEI | 213800Z3FE6PWVSUGE70 | ||||
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 ("Ordinary Shares")
GB0002998192 | ||||
b)
| Nature of the transaction
| (i) Purchase of Ordinary Shares by Pet Lamb Holdings; Chris Stone's family investment company | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a
| ||||
e)
| Date of the transaction
| 11 March 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Stone | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chairman | ||||
b) | Initial notification /Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Idox plc | ||||
b) | LEI | 213800Z3FE6PWVSUGE70 | ||||
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 ("Ordinary Shares")
GB0002998192 | ||||
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
| 12 March 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Meaden | ||||
2 | Reason for the notification | |||||
a) | Position/status
| CEO | ||||
b) | Initial notification /Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Idox plc | ||||
b) | LEI | 213800Z3FE6PWVSUGE70 | ||||
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 ("Ordinary Shares")
GB0002998192 | ||||
b)
| Nature of the transaction
| (i) Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
e)
| Date of the transaction
| 11 March 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Meaden | ||||
2 | Reason for the notification | |||||
a) | Position/status
| CEO | ||||
b) | Initial notification /Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Idox plc | ||||
b) | LEI | 213800Z3FE6PWVSUGE70 | ||||
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 ("Ordinary Shares")
GB0002998192 | ||||
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
| 12 March 2019 | ||||
f)
| Place of the transaction
| London Stock Exchange (AIM) | ||||
Enquiries:
Idox plc +44 (0) 870 333 7101
Chris Stone, Non-Executive Chairman
David Meaden , Chief Executive
Rob Grubb, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson / Jen Boorer
Tom Salvesen (Corporate Broking)
About Idox plc
For more information see www.idoxplc.com @Idoxgroup