Last checked at 23 Jun 2022 07:00
23 June 2022
Skillcast Group PLC
("Skillcast", the "Group" or the "Company")
Grant of share options
Skillcast Group plc (AIM: SKL), the provider of content and technology for digital compliance transformation, announces the grant of 360,000 share options (the "EMI Options") over ordinary shares of 0.1 pence each ("Ordinary Shares") to Richard Steele, Chief Financial Officer, under the Skillcast Group plc EMI Share Option Plan.
The EMI Options have an exercise price of 24 pence per option, being the closing mid-market price of an Ordinary Share on 22 June 2022, the date of grant. 241,200 of the EMI Options will vest equally over four years based on continuing service, with the other 118,800 also vesting over four years subject to the achievement of performance conditions associated with growth in the value of the subscription side of the business.
Following the grant of the EMI Options, Richard Steele holds 360,000 options, equivalent to 0.40% of the Company's current issued share capital.
In total, the Company currently has options outstanding over a total of 5,050,000 Ordinary Shares, representing 5.65% of the Company's current issued share capital.
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
Enquiries:
Skillcast Group plc | +44 (0)20 7929 5000 |
Richard Amos, Chairman Vivek Dodd, Chief Executive Officer Richard Steele, Chief Financial Officer | |
Allenby Capital Limited (Nominated Adviser & Broker) | +44 (0)20 3328 5656 |
James Reeve, Piers Shimwell (Corporate Finance) | |
Jos Pinnington (Corporate Broking and Sales) |
About Skillcast Group plc
Skillcast helps companies build ethical, inclusive, and resilient workplaces. It provides content and technology to digitise and streamline compliance processes and manage them from a single compliance portal. Its product range includes a Learning management system with comprehensive off-the-shelf compliance course libraries, a Policy hub, Staff declarations, Anonymous surveys, CPD tracking, and compliance registers for gifts, expenses, PA dealing, whistleblowing.
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 | Richard Steele | ||||
2 | Reason for the notification | |||||
a) | Position/status | CFO | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Skillcast Group plc | ||||
b) | LEI | 213800OV1WLNFL7YRY20 | ||||
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 | Options over ordinary shares of 0.1 pence each in Skillcast Group plc
Identification code (ISIN) for Skillcast Group plc ordinary shares: GB00BNLXS042 | ||||
b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a n/a | ||||
e) | Date of the transaction | 22 June 2022 | ||||
f) | Place of the transaction | Outside a trading venue - grant of options | ||||