7 Jun 2021 07:00
7 June 2021
Maestrano Group PLC ("Maestrano" or the "Company")
Historic Grants of Options
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics (the "Company" or "Maestrano"), announces the grants of options under the Company's Enterprise Management Incentive Plan, to certain directors and PDMRs which were not notified at the time of grant.
All options were granted with an exercise price at the closing price of Maestrano shares on the day prior to the grant and form part of standard remuneration packages, save in respect of certain grants to Non-executive Directors detailed further below. All options remain unexercised.
Date of grant | Name | Position | Options | Exercise price | Vesting period |
01.07.19 | Jonathan Macleod | Non-executive Director | 300,000 | 1.3p | Over 2 years, in equal parts per annum |
01.07.19 | Jonathan Macleod | Non-executive Director | 1,111,111 | 1.3p | Over 2 years, in equal parts per annum |
01.07.19 | John Davis | Non-executive Director | 300,000 | 1.3p | Over 2 years, in equal parts per annum |
01.07.19 | John Davis | Non-executive Director | 1,111,111 | 1.3p | Over 2 years, in equal parts per annum |
01.07.19 | Andrew Pearson** | Previous Director | 1,760,000 | 1.3p | Over 3 years, in equal parts per annum |
13.03.20 | Nick McInnes | Non-executive Director | 500,000 | 2p | Over 2 years, in equal parts per annum |
13.03.20 | Robert Lojszczyk | Director | 300,000 | 2p | Over 2 years, in equal parts per annum |
21.04.20 | Andrew Pearson** | Previous Director | 612,500 | 2.2p | 1 year |
21.04.20 | Nicholas Smith * | Director | 490,000 | 2.2p | 1 year |
21.04.20 | Aaron Hoye * | PDMR | 490,000 | 2.2p | 1 year |
21.04.20 | Ashley Cox * | PDMR | 490,000 | 2.2p | 1 year |
* Exercise conditions: (i) Maestrano Group PLC total revenue at least £1,000,000 for the year ending 30 June 2021, and (ii) that the optionholder is not a member of any concert party at the time of exercise.
** Andrew Pearson was a director at the time of the above grants and has subsequently left the Company.
Related Party Transactions
The grants of options to each of Jonathan MacLeod and John Davis have been identified as related party transactions under Rule 13 of the AIM Rules, however, were not identified as such at the time and accordingly the then Nominated Adviser was not consulted. The Directors of the Company, excluding Messrs. MacLeod and Davis, consider that, having consulted with the Company's current Nominated Adviser, the terms of those option grants are fair and reasonable insofar as its Shareholders are concerned.
Enquiries:
Maestrano Group plc
Ian Buddery, Chairman c/o Arden Partners
Nick Smith, CEO c/o Arden Partners
Arden Partners (Broker / Nominated Adviser)
Ruari McGirr / Richard Johnson / Akhil Shah +44 (0)20 7614 5900
About Maestrano
Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.
Further information on the Company is available at: www.maestrano.com
Notifications of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Jonathan MacLeod
| |||
2 | Reason for the notification | ||||
a) | Position/status | Non-Executive Director
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 1,411,111 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 01.07.19 | |||
f) | Place of the transaction | Off Exchange | |||
a) | Name | John Davis
| |||
2 | Reason for the notification | ||||
a) | Position/status | Non-Executive Director
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 1,411,111 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 01.07.19 | |||
f) | Place of the transaction | Off Exchange | |||
a) | Name | Andrew Pearson
| |||
2 | Reason for the notification | ||||
a) | Position/status | Previous Executive Director (resigned w.e.f. 11.01.21)
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 1,760,000 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 01.07.19 | |||
f) | Place of the transaction | Off Exchange | |||
a) | Name | Nick McInnes
| |||
2 | Reason for the notification | ||||
a) | Position/status | Non-Executive Director
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 500,000 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 13.03.20 | |||
f) | Place of the transaction | Off Exchange | |||
a) | Name | Robert Lojszczyk
| |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Director
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 300,000 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 13.03.20 | |||
f) | Place of the transaction | Off Exchange | |||
Name | Andrew Pearson
| |||
Reason for the notification | ||||
Position/status | Previous Executive Director (resigned w.e.f. 11.01.21)
| |||
Initial notification /Amendment | Initial notification | |||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
Name | Maestrano Group plc | |||
LEI | 213800ZUBMOCVHSSJC14 | |||
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 | ||||
Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p
ISIN: GB00BYZQM590 | |||
Nature of the transaction | Grant of options | |||
Price(s) and volume(s) | ||||
Price(s) | Volume(s) | |||
N/A | 612,500 | |||
Aggregated information | N/A - single transaction | |||
Date of the transaction | 21.04.20 | |||
Place of the transaction | Off Exchange | |||
a) | Name | Nicholas Smith
| |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Director
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 490,000 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 21.04.20 | |||
f) | Place of the transaction | Off Exchange | |||
a) | Name | Aaron Hoye
| |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Director
| |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 490,000 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 21.04.20 | |||
f) | Place of the transaction | Off Exchange | |||
a) | Name | Ashley Cox
| |||
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 | Maestrano Group plc | |||
b) | LEI | 213800ZUBMOCVHSSJC14 | |||
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 1p
ISIN: GB00BYZQM590 | |||
b) | Nature of the transaction | Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 490,000 | ||||
d) | Aggregated information | N/A - single transaction | |||
e) | Date of the transaction | 21.04.20 | |||
f) | Place of the transaction | Off Exchange | |||