Last checked at 19 Aug 2016 11:54
19 August 2016
SysGroup plc
("SysGroup" or the "Company" or the "Group")
Grant of Options/PDMR Disclosure
SysGroup plc (AIM: SYS), the managed services and cloud integrator, announces that it has awarded a total of 125,000 options over ordinary shares of 1p each in the Company ("Options") to Michael Hogan, Group CFO. The Options were granted on Mr Hogan's start date with the Group, being 15 August 2016.
The Options were granted under the SysGroup plc EMI Option Scheme and at an exercise price of 60.5p per share (being the mid-market closing price on 12 August 2016). The Options will vest two years from the grant date subject to Mr Hogan remaining employed by the Group.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provide 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
| Michael Peter HOGAN
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer
| ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| SysGroup Plc | ||||
b)
| LEI
| N/a - pending
| ||||
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
ISIN: GB00BYT18182
| ||||
b)
| Nature of the transaction
| Grant of EMI options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/a
| ||||
e)
| Date of the transaction
| 15 August 2016 | ||||
f)
| Place of the transaction
| N/a | ||||
For further information please contact:
SysGroup plc Chris Evans, CEO Michael Hogan, CFO
|
Tel: 0151 559 1777
|
Shore Capital (Nomad and Broker) Bidhi Bhoma / Edward Mansfield
| Tel: 020 7408 4090 |
Newgate Communications Bob Huxford / Adam Lloyd / Ed Treadwell | Tel: 020 7653 9848 |
About SysGroup
SysGroup is a leading provider of Cloud Hosting, Managed Services and expert IT Consultancy. The Group delivers solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities. The SysGroup team focuses on a customer's strategic and operational requirements - enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.
The Group has offices in Liverpool, Coventry, London and East Sussex.
For more information, visit http://www.sysgroup.com