Grant of Director Options
Updated : 07:59
15 June 2022
Attraqt Group plc
("Attraqt", the "Group" or the "Company")
Grant of Director Options
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
Attraqt group plc (AIM: ATQT), the leading provider of product discovery solutions for ecommerce, announces the award of options (the "Options") over new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares"), 1,736,000 to Mark Adams (Chief Executive Officer) and 1,393,000 to Eric Dodd (Chief Financial Officer), under the Attraqt Group plc Long Term Incentive Plan.
The awards are granted as non-tax advantaged awards and vesting is subject to continued service and the achievement of certain performance conditions relating to total shareholder return ranking over three years and 2024 profit after tax, adjusted for capitalised expenditure and certain non cash items, expressed as a margin but with an absolute growth hurdle or floor. The Options have an exercise price of 1 pence per Ordinary Share.
For further enquiries please contact:
Attraqt Group plc | +44 (0)7747 766 849 |
Eric Dodd, CFO | |
Canaccord Genuity | +44 (0)20 7523 8000 |
Simon Bridges | |
Adam James | |
Thomas Diehl | |
Alma PR | +44 (0)20 3405 0205 |
Susie Hudson | attraqt@almapr.co.uk |
Sam Modlin Ella Doran | |
About Attraqt Group plc
Attraqt enables online retailers and brand owners to maximise the performance and potential of their e-commerce investments by enabling best in class product discovery experiences. The Company delivers omnichannel search, merchandising, and product & content personalization for online retailers and brands. Our vision is to be the number one team and growth engine for our customers; powering the world's best product discovery experiences, wherever and whenever they happen.
For more information visit www.attraqt.com
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mark Adams | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Attraqt Group PLC | ||||
b) | LEI | 213800M9C9HBKLLFSU91 | ||||
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 1 pence each in Attraqt Group PLC GB00BMJJFZ18
| ||||
b) | Nature of the transaction | Entry into an Award Agreement pursuant to which the following option awards were granted under the Attraqt Group PLC Long Term Incentive Plan:
(i) a non-tax advantaged award over 1,736,000 Ordinary Shares of 1 pence each in Attraqt Group PLC.
The award was granted with an option price of 1 pence per share and will ordinarily become exercisable subject to the achievement of performance criteria and continued service. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 13th June 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Eric Dodd | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Attraqt Group PLC | ||||
b) | LEI | 213800M9C9HBKLLFSU91 | ||||
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 1 pence each in Attraqt Group PLC GB00BMJJFZ18
| ||||
b) | Nature of the transaction | Entry into an Award Agreement pursuant to which the following option awards were granted under the Attraqt Group PLC Long Term Incentive Plan:
(i) a non-tax advantaged award over 1,393,000 Ordinary Shares of 1 pence each in Attraqt Group PLC.
The award was granted with an option price of 1 pence per share and will ordinarily become exercisable subject to the achievement of performance criteria and continued service. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 13th June 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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