19 Feb 2016 08:01
Utilitywise plc
("Utilitywise" or the "Company")
Director / PDMR Dealings - Award of LTIP Options
Utilitywise plc (AIM: UTW), the leading independent utility cost management consultancy, announces that awards ("Awards") over ordinary shares of 0.1 pence in the capital of the Company ("Shares") were made on
18 February 2016 to Directors of the Company under the Utilitywise Long Term Incentive Plan ("LTIP") as follows:
Director | Number of Shares under award
|
Steven Attwell - Managing Director, Enterprise Division | 125,000 |
Jon Kempster - Chief Financial Officer | 200,000 |
Brin Sheridan - Chief Operating Officer | 250,000 |
The awards are structured as nominal cost options with an exercise price of 0.1 pence per share.
Vesting of the Awards is subject to the satisfaction of earnings per share and cash flow performance conditions assessed over a three-year measurement period.
The Awards will normally vest on the later of the third anniversary of the grant and the determination of the performance conditions, and then will normally remain exercisable to their vested extent until the day before the fifth anniversary of the date of grant, provided the individual remains an employee or officer of the Company.
On vesting the Awards may be satisfied by newly issued Shares, subject to the share plan dilution limits, and/or by existing Shares.
Mr Kempster also holds 350,000 LTIP options awarded in 2015 with an exercise price of 268 pence, and 7,860 Sharesave options with an exercise price of 229 pence under the 2014 grant.
Neither Mr Attwell nor Mr Sheridan holds any other share options.
The Company was notified of the above transactions on 18 February 2016.
For further information please contact:
Utilitywise PLC | 0330 303 0233 |
Geoff Thompson (CEO) | |
Jon Kempster (CFO) | |
finnCap (NOMAD and broker) | 020 7220 0500 |
Matt Goode/ Grant Bergman (Corporate Finance) | |
Simon Johnson (Corporate Broking)
Liberum (Joint broker) |
020 3100 2000 |
Robert Morton/ Steve Pearce |
|
Redleaf Communications | 020 7382 4730 |
Rebecca Sanders-Hewett/ David Ison/ Susie Hudson |
About Utilitywise
Utilitywise is a leading independent utility cost management consultancy based in North Tyneside. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has c. 28,500 UK & I customers.
Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.