Grant of Options
Updated : 16:11
Arden Partners plc
("Arden Partners" or the "Company")
Grant of Share Options
Arden Partners plc (AIM: ARDN), the institutional stockbroker, announces that on 1 March 2021, the remuneration committee of the Company's board granted options (the "Options") over ordinary shares of 10 pence each in the Company ("Shares") to employees of the Company, including to a director of the Company, as follows.
Director | Number of Options granted | Total number of options now held | % of issued Shares held under option |
Steven Douglas, Group Finance Director | 450,000 | 833,000 | 2.87% |
The Options have an exercise price of 11.0 pence per Share, being the closing mid-market price of the Shares on 26 February 2021, the trading day immediately prior to issue. The Options vest in equal tranches on the first, second and third anniversary of their grant.
Contacts:
Arden Partners plc Steve Douglas - Group Finance Director
| 020 7614 5900 |
GCA Altium Limited (NOMAD) Tim Richardson
| 020 7484 4040 |
Newgate Communications (Press enquiries) Adam Lloyd/Tom Carnegie
| 020 7653 9850 |
Notes for editors
Arden is a dedicated corporate adviser and multi-service stockbroker to small and mid-cap companies in the UK and their investors.
The core of our business is the effective management of the needs of our significant and growing base of corporate clients, and the effective support of their relationships with existing and potential shareholders.
These relationships are enhanced by the quality of our corporate finance advice and industry research, and the strong market presence of our sales and trading teams.
Our corporate finance capabilities encompass M&A, corporate finance advisory, broking and Sponsor and NOMAD services. We represent our clients in private transactions and AIM and Main Market share issues.
Our research is designed to be sector focused, concentrating on top down thematic trends which highlight companies giving investors an exposure to the real growth areas of the small-cap and AIM markets.
It is the job of the sales team to keep institutions abreast of these themes and stock ideas. When there is a requirement for our corporate clients to raise money to fulfil their growth ambitions, the sales team is in a strong position to effect this, with its entrenched relationships with the UK institutional and non-institutional markets.
Our market making and trading teams provide liquidity in the shares of our corporate clients. We also trade the shares of non-client corporates on behalf of institutions.
The Arden Wealth Management team offers a bespoke service to our clients, with the ability to trade/invest in equities, bonds and a range of global investment funds, as well as allowing clients to participate in Primary and Secondary equity placings.
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Steven Douglas | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Executive Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Arden Partners plc | |||
b)
| LEI
| 213800KRNTZFOY1DA806 | |||
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 | Ordinary 10p Shares
| |||
Identification code | GB00B15CTY44 | ||||
b)
| Nature of the transaction
| Grant of share options under the Arden Partners 2013 EMI Share Option Scheme | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.0p | 450,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/a | ||||
- Price | |||||
e)
| Date of the transaction
| 1st March 2021 | |||
f)
| Place of the transaction
| Outside of a trading venue |
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