6 Dec 2016 10:05
Date: Tuesday 6th December 2016
On behalf of: Jaywing plc ("the Company" or "the Group")
Jaywing plc
("Jaywing" or "the Company")
Exercise of options
Issue of equity
and
PDMR notification
Jaywing plc (AIM: JWNG), announces that options to subscribe for 350,513 ordinary shares of £0.05 each in the Company have today been exercised by certain employees. These options were previously granted to employees under the Company's Performance Share Plan.
Chris Hancock, MD Contact, Ben O'Brien, MD Data Science, Brian Taylor, MD Digital Marketing, and Tom Salmon, MD Epiphany, who are each considered to be persons discharging managerial responsibilities (PDMRs), have exercised options over 17,828 ordinary shares, 37,000 ordinary shares, 61,000 ordinary shares, and 52,070 ordinary shares respectively.
The remaining options over 182,615 ordinary shares have been exercised by other members of staff.
Pursuant to the exercise of the options, an application has been made to the London Stock Exchange for 350,513 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 9 December 2016.
Following Admission, the Company will have 86,709,898 ordinary shares in issue admitted to trading on AIM.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides 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 | 1. Chris Hancock 2. Ben O'Brien 3. Brian Taylor 4. Tom Salmon | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Managing Director & PDMR 2. Managing Director & PDMR 3. Managing Director & PDMR 4. Managing Director & PDMR | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Jaywing plc | ||||
b) | LEI | N/A | ||||
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 £0.05 each
ISIN: GB00B1FPT10 | ||||
b) | Nature of the transaction | Exercise of options
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Volume: 350,513 Weighted average price: £0.05
| ||||
e) | Date of the transaction | 6 December 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Enquiries:Jaywing plcMichael Sprot (Company Secretary) Tel: 0114 281 1200
Cenkos Securities plc
Ivonne Cantu/Callum Davidson(Nomad) Tel: 0207 397 8920
Jaywing (JWNG)