27 Nov 2018 07:00
27 November 2018
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
XPEDIATOR PLC
("Xpediator" or "the Company" or "the Group")
Grant of Options
Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Europe, announces that the Company has granted nil cost options over a total of 1,500,000 ordinary shares of 5 pence each in the share capital of the Company ("Share Options"). 857,143 Share Options have been issued to Stephen Blyth (chief executive officer) and 642,857 Share Options to Stuart Howard (chief finance officer).
The exercise price of the Share Options is 70 pence, a premium of 60.9% to closing share price on 26 November 2018 and will vest as follows
Tranche | Vesting date | Vesting period | Vesting conditions |
375,000 Share Options | 26 November 2018 | From the vesting date to 31 December 2021 | None |
375,000 Share Options | Immediately following the Company's AGM in 2019 | From the vesting date to 31 December 2021 | Basic EPS of the Company increasing 10% for the year ending 31 December 2018 compared with the prior year |
375,000 Share Options | Immediately following the Company's AGM in 2020 | From the vesting date to 31 December 2021 | Basic EPS of the Company increasing 10% for the year ending 31 December 2019 compared with the prior year |
375,000 Share Options | Immediately following the Company's AGM in 2021 | From the vesting date to 31 December 2021 | Basic EPS of the Company increasing 10% for the year ending 31 December 2020 compared with the prior year |
The Share Options represent in aggregate 1.12% of the existing issued ordinary share capital of the Company.
Following the grant of the Share Options, there is a total of 2,125,000 ordinary shares of 5 pence each in the Company under option to directors and employees of the Company, representing 1.6% of the existing issued ordinary share capital of the Company.
Enquiries
Xpediator plc | Tel: +44 (0)330 043 2395 |
Stephen Blyth, Chief Executive Officer | Email: info@xpediator.com |
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SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) | Tel: +44 (0)20 3470 0470 |
Jeff Keating Caroline Rowe |
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Cantor Fitzgerald Europe (Joint Broker) | Tel: +44 (0)20 7894 7000 |
David Foreman, Michael Boot (Corporate Finance) |
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Caspar Shand Kydd (Sales) |
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Novella Communications (Financial Public Relations) | Tel: +44 (0)20 3151 7008 |
Tim Robertson |
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Toby Andrews |
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About Xpediator:
Xpediator is a well-established international provider of freight management services. Established in 1988 by CEO Stephen Blyth today the Group's International network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through their three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 31 sites, the Group currently employs 938 people and was successfully listed on London's AIM market in August 2017.
For more information, please visit: www.xpediator.com.
Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Stephen Blyth | ||||
1.2 2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive Officer | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
1.3 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Xpediator Plc | ||||
b) | LEI: | 213800XBOVDBT2HEC967 | ||||
1.4 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 5p each GB00BF6P5V92 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 26 November 2018
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f) | Place of the transaction: | Outside a trading venue | ||||
1 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Stuart Howard | ||||
1.2 2. | Reason for the notification | |||||
a) | Position/status: | Chief Finance Officer | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
1.3 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Xpediator Plc | ||||
b) | LEI: | 213800XBOVDBT2HEC967 | ||||
1.4 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 5p each GB00BF6P5V92 | ||||
b) | Nature of the transaction: | Grant of options over ordinary shares | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 26 November 2018
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f) | Place of the transaction: | Outside a trading venue | ||||