18:00 Mon 26 Oct 2020
Smartspace Software - Grant of Share Options & PDMR dealing
26 October 2020
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
SmartSpace Software Plc
("SmartSpace" or the "Company" or the "Group")
Grant of Share Options & PDMR dealing
SmartSpace Software Plc, the leading provider of 'Integrated Space Management Software' for smart buildings, announces that on
125,000 of these Options have been granted to
The Options have an exercise price of 92.5p per share (being the closing mid-market share price on
Share price at or above: |
Cumulative % vesting |
|
|
150p |
15% |
250p |
31% |
350p |
54% |
450p |
77% |
500p |
100% |
The Board believes that the above performance conditions are a good measure of value creation and align the Directors' interests with those of shareholders.
"With the focus now on becoming a leading supplier of software solutions in workspace management, it is crucial that we align the interests of all members of the SmartSpace team with shareholders. The EMI Option Scheme and Unapproved Share Option Scheme were established to incentivise management and staff to increase shareholder value over the long term and the remuneration committee is keen to ensure that remuneration for the Company's senior team and employees will be effective, fair and motivate them to deliver success for the Company and its shareholders."
Enquiries
SmartSpace Software Plc
|
via - Head of Investor Relations
+44(0) 7721 413 496 |
N+1 Singer (NOMAD & Joint Broker) |
+44 (0)20 7496 3000 |
Canaccord Genuity (Joint Broker) |
+44 (0) 20 7523 8000 |
|
|
About SmartSpace Software Plc
SmartSpace Software Plc is a SaaS-based technology business, designing and building smart software solutions. The Company's software solutions in workspace help transform employee and customer engagement with modules which include desk management, meeting room management, wayfinding, car parking, visitor management, and analytics.
The three operating companies in the Group comprise:
· Space Connect -
· SwipedOn - SaaS Visitor Management (www.SwipedOn.com)
· Anders & Kern - distribution and technical support (www.anders-kern.co.uk)
For more information go to: www.smartspaceplc.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1
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Details of the person discharging managerial responsibilities / person closely associated
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
SmartSpace Software Plc |
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b) |
LEI |
213800IQXZ3XYCMH6U90 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares of 10p each
ISIN: GB00BYWN0F98 |
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b) |
Nature of the transaction |
Grant of share options over Ordinary Shares |
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c)
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Price(s) and volume(s)
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Price |
Volume |
Exercise price: 92.5p per Ordinary Share |
125,000 |
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d)
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Aggregated information
- Aggregated volume
- Price
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N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Off market |
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