Last checked at 12 Nov 2018 07:00
Mirriad Advertising plc
long term incentive plan
12 November 2018
Mirriad Advertising plc
("Mirriad" or the "Group")
Long Term Incentive Plan & Director Dealing
Mirriad, a video technology business delivering next generation in-video branding announces grants of market priced options under its Long Term Incentive Plan ("LTIP") set up as part of its IPO in December 2017 to four existing senior staff.
The LTIP was established to incentivise management to increase shareholder value over the long term. The Remuneration Committee is keen to ensure that remuneration for the Company's senior team will be effective and fair and motivate them to deliver success for the Company, its shareholders and employees.
The following awards have been granted:
Director/PDMR | Role | Share Options |
David Dorans | CFO & Executive Board Director | 394,210 |
Dr Phil McLauchlan | Chief Scientist | 250,000 |
Simon Redding | Head of Engineering | 200,000 |
Jamie Allen | Financial Controller | 175,000 |
The options vest in three equal installments on the first, second and third anniversaries of the date of grant with an exercise price of 19.5 pence which is equal to the market value, determined by reference to the closing price (as derived from the London Stock Exchange Daily Official List) on the day before grant.
David Dorans, Dr Phil McLauchlan and Jamie Allen hold no other share options in the Company.
Simon Redding holds 63,917 existing market priced share options in the Company.
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
(a) | Full name of person Dealing | David Dorans | ||||||
2. | Reason for notification | |||||||
(b) | Position/status | CFO & Executive Board Director | ||||||
(c) | Initial notification/ Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
(d) | Name of entity | Mirriad Advertising plc | ||||||
(e) | LEI | 213800ZKOK9GIME7HE62 | ||||||
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 | Options over ordinary shares in the Company | ||||||
(b) | Identification code | GB00BF52QY14 | ||||||
(c) | Nature of the transaction | Grant of options over ordinary shares | ||||||
(d) | Price(s) and volume(s) |
| ||||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
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(f) | Date of transaction | 9 November 2018
| ||||||
(g) | Place of transaction | Outside a trading venue | ||||||
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | Dr Phil McLauchlan | ||||
2. | Reason for notification | |||||
(a) | Position/status | Chief Scientist | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name of entity | Mirriad Advertising plc | ||||
(b) | LEI | 213800ZKOK9GIME7HE62 | ||||
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 | Options over ordinary shares in the Company | ||||
(b) | Identification code | GB00BF52QY14 | ||||
(c) | Nature of the transaction | Grant of options over ordinary shares | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
| ||||
(f) | Date of transaction | 9 November 2018
| ||||
(g) | Place of transaction | Outside a trading venue | ||||
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | Simon Redding | ||||
2. | Reason for notification | |||||
(a) | Position/status | Head of Engineering | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name of entity | Mirriad Advertising plc | ||||
(b) | LEI | 213800ZKOK9GIME7HE62 | ||||
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 | Options over ordinary shares in the Company | ||||
(b) | Identification code | GB00BF52QY14 | ||||
(c) | Nature of the transaction | Grant of options over ordinary shares | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
| ||||
(f) | Date of transaction | 9 November 2018
| ||||
(g) | Place of transaction | Outside a trading venue | ||||
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | Jamie Allen | ||||
2. | Reason for notification | |||||
(a) | Position/status | Financial Controller | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name of entity | Mirriad Advertising plc | ||||
(b) | LEI | 213800ZKOK9GIME7HE62 | ||||
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 | Options over ordinary shares in the Company | ||||
(b) | Identification code | GB00BF52QY14 | ||||
(c) | Nature of the transaction | Grant of options over ordinary shares | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
| ||||
(f) | Date of transaction | 9 November 2018
| ||||
(g) | Place of transaction | Outside a trading venue | ||||
About Mirriad
Mirriad is a video technology company delivering in-video advertising by naturally blending brand advertising into popular entertainment content. Using sophisticated technologies, Mirriad creates advertising opportunities within existing premium video across multiple shows. Advertisers can now reach very large target audiences in a contextually relevant way without interrupting the viewing experience. The new ad format can be used alone or combined with other media and is aligned with existing media trading.
Research has consistently shown in-video advertising to be highly effective, safe and measurable for the marketer and preferred by audiences on TV, online, and mobile.Mirriad is headquartered in London, with International offices in New York, Mumbai, Shanghai and São Paulo.
Enquiries:
Mirriad Advertising plc Stephan Beringer, Chief Executive Officer David Dorans, Chief Financial Officer | Tel: +44 (0)207 884 2530 |
Numis Securities Limited (Nominated Adviser & Broker) Nick Westlake (Nomad) Michael Wharton James Black
| Tel: +44 (0) 207 260 1200 |
Hudson Sandler LLP (Financial Public Relations) Daniel de Belder Bertie Berger | Tel: +44 (0) 20 7796 4133 |