14 Jun 2018 08:30
Aquis Exchange PLC ("Aquis")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Following the announcement of the admission of Aquis' ordinary shares of 10p each ("Ordinary Shares") to trading on the AIM market of the London Stock Exchange ("Admission") and Aquis' first day of dealings, Aquis confirms the following interests of its persons discharging managerial responsibilities ("PDMR") in the securities of Aquis arising by virtue of Admission.
As disclosed in its Admission Document, details of all known interests currently held by PDMRs in the issued share capital of Aquis as at Admission are as follows:
Name | Position | Number of Ordinary Shares | Number of Ordinary Shares over which options are granted following Admission |
Alasdair Haynes | Chief Executive Officer | 1,551,551 | 120,817 |
Jonathan Clelland | Chief Financial Officer, Chief Operating Officer and Company Secretary | 576,000 | 120,817 |
Mark Spanbroek | Non-executive director | 319,128 | - |
A. Exercise of Options
Prior to Admission, Jonathan Clelland chose to exercise options pursuant to an existing Enterprise Management Incentive Scheme (where the grantor was Alasdair Haynes) (the "Lapsing Incentive Scheme"). If these options were not exercised, they would have lapsed 40 days after Admission.
The exercise of the following options pursuant to the Lapsing Incentive Scheme took place on the date of Admission:
Name | Number of Ordinary Shares subject to the option | Exercise Price per Ordinary Share |
Jonathan Clelland | 57,600
| £0.0846354167 GBP |
288,000
| £0.1354166667 GBP | |
145,920
| £0.2890625000 GBP |
B. Grant of options
Ahead of Admission, the Board approved the grant of options under the new Aquis Exchange Enterprise Management Incentive Share Option Plan. The grant was approved conditional on Admission. The grant has been made on the date of Admission to the following PDMRs:
Name | Number of Ordinary Shares subject to the option | Exercise Price per Ordinary Share |
Jonathan Clelland | 120,817 | £2.69 GBP |
Alasdair Haynes | 120,817 | £2.69 GBP |
These options will vest in tranches of one third on each of the 14 June 2019, 14 June 2020 and 14 June 2021, subject to the rules of the plan, and may be exercised prior to 14 June 2028.
C. Sale of Shares
As disclosed in the Admission Document, on Admission, the following disposals of Ordinary Shares were made by the following PDMRs at the IPO placing price of £2.69:
Name | Number of Ordinary Shares sold |
Jonathan Clelland | 99,840 |
Alasdair Haynes | 258,240 |
The attached notifications, made in accordance with requirements of the EU Market Abuse Regulation, give further details of the above transactions.
ENQUIRIES | |
Aquis Exchange PLC Alasdair Haynes, CEO Jonathan Clelland, CFO and COO
| Tel: +44 (0) 20 3597 6321 |
Liberum Capital Limited (Nominated Adviser and Broker) Clayton Bush Chris Clarke Jill Li Kane Collings
| Tel: +44 (0) 20 3100 2000 |
Finsbury (Financial Public Relations) Alastair Hetherington Michael Turner Alexander Gorokhov | Tel: +44 (0) 20 7251 3801 |
Website: | http://www.aquis.eu |
A. Transaction notification - Exercise of Options
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Jonathan Clelland | ||||
2. | Reason for the notification | |||||
a) | Position / status | Director (Chief Financial Officer, Chief Operations Officer, Company Secretary) - PDMR | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Aquis Exchange PLC | |||||
b) | 213800IXJSF5E1SIW150 | |||||
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 Identification Code | Exercise of Enterprise Management Incentive share options over Ordinary Shares GB00BD5JNK30 | ||||
b) | Nature of the transaction | Exercise of Enterprise Management Incentive ("EMI") options under the Aquis Exchange Limited Enterprise Management Incentive Scheme (adopted pre-Admission) | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
- 491,520 - £86,055 GBP | ||||
e) | Date of the transaction | 2018-06-14 BST | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
B. Transaction notifications - Grant of options
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Jonathan Clelland | ||||
2. | Reason for the notification | |||||
a) | Position / status | Director (Chief Financial Officer, Chief Operations Officer, Company Secretary) - PDMR | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aquis Exchange PLC | ||||
b) | LEI | 213800IXJSF5E1SIW150 | ||||
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 Identification Code | Enterprise Management Incentive share options over Ordinary Shares GB00BD5JNK30 | ||||
b) | Nature of the transaction | Grant of Enterprise Management Incentive ("EMI") options under the Aquis Exchange Limited Enterprise Management Incentive Share Option Plan | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
- N/A - £2.69 GBP | ||||
e) | Date of the transaction | 2018-06-14 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Alasdair Haynes | ||||
2. | Reason for the notification | |||||
b) | Position / status | Director (Chief Executive Officer) - PDMR | ||||
c) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aquis Exchange PLC | ||||
b) | LEI | 213800IXJSF5E1SIW150 | ||||
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 Identification Code | Enterprise Management Incentive share options over Ordinary Shares GB00BD5JNK30 | ||||
b) | Nature of the transaction | Grant of Enterprise Management Incentive ("EMI") options under the Aquis Exchange Limited Enterprise Management Incentive Share Option Plan | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
- N/A - £2.69 GBP | ||||
e) | Date of the transaction | 2018-06-14 BST | ||||
f) | Place of the transaction | Outside a trading venue | ||||
C. Transaction notification - Sale of ordinary shares
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Alasdair Haynes | ||||
2. | Reason for the notification | |||||
b) | Position / status | Director (Chief Executive Officer) - PDMR | ||||
c) | Initial notification / amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aquis Exchange PLC | ||||
b) | LEI | 213800IXJSF5E1SIW150 | ||||
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 Identification Code | Ordinary Shares
GB00BD5JNK30
| ||||
b) | Nature of the transaction | Disposal of Ordinary Shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
258,240
£2.69GBP | ||||
e) | Date of the transaction | 2018-06-14 BST | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Jonathan Clelland | ||||
2. | Reason for the notification | |||||
b) | Position / status | Director (Chief Financial Officer) - PDMR | ||||
c) | Initial notification / amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aquis Exchange PLC | ||||
b) | LEI | 213800IXJSF5E1SIW150 | ||||
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 Identification Code | Ordinary Shares
GB00BD5JNK30 | ||||
b) | Nature of the transaction
| Disposal of Ordinary Shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
99,840 £2.69GBP | ||||
e) | Date of the transaction | 2018-06-14 BST | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Aquis Exchange (AQX)