30th Nov 2017 15:16
30 November 2017
Footasylum plc
("Footasylum" or the "Company")
Grant of options under the Footasylum plc Save As You Earn Scheme (the "SAYE Scheme")
The Company is pleased to announce that, on 30 November 2017, the Company's Board granted options to employees of the Company pursuant to the SAYE Scheme adopted with effect from the admission to trading of its ordinary shares of £0.001 each ('Ordinary Shares') on AIM ('Admission').
Participation in the SAYE Scheme has been made available to all employees of the Company who satisfy certain eligibility criteria, giving them the opportunity to participate in the future growth of the Company via options granted under the SAYE Scheme. Further details of the SAYE Scheme are contained at paragraph 13 of Part V of the Company's Admission Document, which can be found at http://investors.footasylum.com/
A total of 190 employees have elected to participate in the SAYE Scheme and, pursuant to their elections, options over a total of 858,018 Ordinary Shares ("Options"), equating to 0.8 per cent. of the current issued share capital of the Company, were granted on 30 November 2017. The Options are normally exercisable, between 1 February 2021 and 31 August 2021, and have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of £1.312 per Ordinary Share, a 20 per cent. discount to the £1.64 price at which the Company issued new Ordinary Shares on Admission. The exercise of Options is not dependent upon the satisfaction of performance criteria.
Clare Nesbitt and Danielle Davies, both executive directors of the Company, have elected to participate in the SAYE scheme and their Options are included in the total figures above. As a result of this Option grant, their interests in Ordinary Shares are as follows:
Director | Ordinary Shares held | %of issued Ordinary Shares | Ordinary Shares under option in the LTIP | Options under the SAYE Scheme
|
Clare Nesbitt* | 7,800,000 | 7.5% | - | 13,719 |
Danielle Davies | - | - | 609,756 | 13,719 |
* Clare Nesbitt also has a beneficial interest in 13,720,000 Ordinary Shares, representing 13.1 per cent. of the issued Ordinary Shares, held by John Wardle and John Riches in their capacity as trustees of The John Wardle 2016 Settlement.
The following persons, who are also regarded as Persons Discharging Managerial Responsibilities (PDMRs), have elected to participate in the SAYE Scheme and their Options are included in the total figures above:
PDMR | Role | Options under the SAYE Scheme |
David Makin | Founder | 13,719 |
Thomas Makin | Marketing and eCommerce Director | 13,719 |
Matthew Parrish | Operations Director | 6,859 |
Jack Spellacy | Buying and Merchandising Director | 13,719 |
Notification and public disclosure of transactions by PDMRs pursuant to the EU Market Abuse Regulations are included below.
Enquiries:
| |
Footasylum plc Nancy Kelsall (Company Secretary)
| Tel: +44 (0) 1706 746 777 |
GCA Altium Limited (Financial Adviser & Nominated Adviser) Phil Adams Sam Fuller Tim Richardson
| Tel: +44 (0) 20 7484 4040 |
Liberum Capital Limited (Broker) John Fishley Jill Li Lucy Sharma
| Tel: +44 (0) 20 3100 2222 |
Powerscourt (Financial Public Relations) Rob Greening Lisa Kavanagh Isabelle Saber
| Tel: +44 (0) 207 250 1446 |
The Company publicly discloses the following notifications pursuant to the EU Market Abuse Regulations:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Clare Nesbitt | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer / Director and PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Footasylum plc | ||||
b) | LEI | 2138001JV9DY7H8RWE60
| ||||
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
GB00BYPHD607
| ||||
b)
| Nature of the transaction
| Grant of an option to acquire Ordinary Shares made pursuant to the Footasylum plc Save As You Earn Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 30 November 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Danielle Davies | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer / Director and PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Footasylum plc | ||||
b) | LEI | 2138001JV9DY7H8RWE60
| ||||
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
GB00BYPHD607
| ||||
b)
| Nature of the transaction
| Grant of an option to acquire Ordinary Shares made pursuant to the Footasylum plc Save As You Earn Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 30 November 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jack Spellacy | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Buying and Merchandising 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
| Footasylum plc | ||||
b) | LEI | 2138001JV9DY7H8RWE60
| ||||
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
GB00BYPHD607
| ||||
b)
| Nature of the transaction
| Grant of an option to acquire Ordinary Shares made pursuant to the Footasylum plc Save As You Earn Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 30 November 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Matthew Parrish | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Operations 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
| Footasylum plc | ||||
b) | LEI | 2138001JV9DY7H8RWE60
| ||||
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
GB00BYPHD607
| ||||
b)
| Nature of the transaction
| Grant of an option to acquire Ordinary Shares made pursuant to the Footasylum plc Save As You Earn Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 30 November 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| David Makin | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Founder / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Footasylum plc | ||||
b) | LEI | 2138001JV9DY7H8RWE60
| ||||
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
GB00BYPHD607
| ||||
b)
| Nature of the transaction
| Grant of an option to acquire Ordinary Shares made pursuant to the Footasylum plc Save As You Earn Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 30 November 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Thomas Makin | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Marketing and eCommerce 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
| Footasylum plc | ||||
b) | LEI | 2138001JV9DY7H8RWE60
| ||||
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
GB00BYPHD607
| ||||
b)
| Nature of the transaction
| Grant of an option to acquire Ordinary Shares made pursuant to the Footasylum plc Save As You Earn Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 30 November 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Related Shares:
FOOT.L