1 Aug 2018 17:08
1 August 2018
SmartSpace Software Plc
("SmartSpace" or the "Company" or the "Group")
Grant of EMI Share Options
SmartSpace Software Plc (formerly RedstoneConnect plc) announces that on 31 July 2018 it granted EMI options ("Options") over a total of 466,500 ordinary shares of 10 pence in the Company ("Ordinary Shares") to 58 employees ("Employee Options"). 100,000 of these Options have been granted to two employees who are also persons discharging managerial responsibilities (the "PDMRs Options").
The Employee Options have an exercise price of 101.25p per share (being the closing mid-market share price on 30 July 2018, the latest possible date prior to the date of grant), vest three years from the date of grant and once vested are exercisable at any time up to ten years after the date of grant, subject to performance conditions ensuring the employees remains in continuous employment within the Group for a three year period.
The PDMR Options have an exercise price of 101.25p per share (being the closing mid-market share price on 30 July 2018, the latest possible date prior to the date of grant) and are subject to performance conditions whereby the average mid-market closing share price of the Company's Ordinary Shares in any 90 day period in the period to 30 July 2021 is at or above certain defined levels, as follows:
Share price at or above: | Cumulative % vesting |
| |
150p | 15% |
250p | 31% |
350p | 54% |
450p | 77% |
500p | 100% |
The PDMR Options have been granted to individuals PDMRs under the EMI scheme as follows:
Name of PDMR | Role | No. of Options granted | Total Options over Ordinary Shares now held |
Keith Jump | Chief Technology Officer | 50,000 | 50,000 |
Steven Jump | Chief Revenue Officer | 50,000 | 50,000 |
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Enquiries
SmartSpace Software Plc Guy van Zwanenberg (Chairman) Frank Beechinor (CEO)
| via Vigo Communications |
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Marc Milmo / Catherine Leftley
| +44 (0)20 7894 7000 |
Whitman Howard Limited (Joint Broker) Nick Lovering
| +44 (0)207 659 1234 |
Vigo Communications (Financial Public Relations) Jeremy Garcia / Antonia Pollock / Ben Simons reds@vigocomms.com | +44 (0)20 7390 0230 |
About SmartSpace Software Plc
SmartSpace Software, designs and builds software to help people work smarter worldwide. The company's pioneering software solutions in workspace, retail and hospitality transform businesses today. The current software offering consists of modules which include desk management, wayfinding, car parking, visitor management, frictionless vending and space management.
1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Keith Jump | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| PDMR | ||||||
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Smartspace Software Plc | ||||||
b)
| LEI
| 213800IQXZ3XYCMH6U90
| ||||||
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 | Grant of share options over Ordinary Shares of 10p each | ||||||
Identification code | ISIN: GB00BYWN0F98
| |||||||
b)
| Nature of the transaction
| Grant of share options over Ordinary Shares
| ||||||
c)
| Price(s) and volume(s) | |||||||
| ||||||||
d)
| Aggregated information | n/a | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 31 July 2018 | ||||||
f)
| Place of the transaction
| Off market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Steven Black | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| PDMR | ||||||
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Smartspace Software Plc | ||||||
b)
| LEI
| 213800IQXZ3XYCMH6U90
| ||||||
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 | Grant of share options over Ordinary Shares of 10p each | ||||||
Identification code | ISIN: GB00BYWN0F98
| |||||||
b)
| Nature of the transaction
| Grant of share options over Ordinary Shares
| ||||||
c)
| Price(s) and volume(s) | |||||||
| ||||||||
d)
| Aggregated information | n/a | ||||||
- Aggregated volume | ||||||||
- Price | ||||||||
e)
| Date of the transaction
| 31 July 2018 | ||||||
f)
| Place of the transaction
| Off market | ||||||