14th Apr 2014 15:20
SCISYS PLC ('SCISYS' or the 'Company')
Grant of Share Options to Directors
SCISYS PLC, (AIM: SSY), the supplier of bespoke ICT software systems, IT based business solutions and support services to the Media & Broadcast, Space, Government & Defence and Environment sectors, announces that on 9 April 2014 it granted to directors of the Company ("Directors") a total of 60,000 options over new ordinary shares of the Company of 25 pence each (the "Options" and the "Ordinary Shares" respectively).
Director | Number of options granted at 92.50 pence per ordinary share |
Christopher Cheetham | 20,000 |
Stephen Brignall | 20,000 |
Klaus Heidrich | 20,000 |
The Options have an exercise price of 92.5 pence per Ordinary Share, being the closing middle market price on 11 April 2014. The Options are subject to meeting certain performance criteria linked to the earnings growth of the Company and may not be exercised before the end of the close period associated with the final results of the Company for year ending 31 December 2016. The Options expire ten years after being granted.
Subsequent to the grant of the Options, the interests in the Company of Directors are as follows:
Interest in ordinary shares | Total holding as a % of issued share capital | Total interest in Options | ||
Mike Love | 4,259,573 | 14.64 | 102,300 | |
Steve Brignall | 118,511 | 0.41 | 175,258 | |
Chris Cheetham | 72,000 | 0.25 | 175,258 | |
David Jones | 152,000 | 0.52 | 172,300 | |
Klaus Heidrich | - | - | 128,300 | |
Klaus Meng | 2,822,366 | 9.7 | - | |
David Coghlan | - | - | - | |
Totals | 7,424,450 | 25.52 | 753,416 |
Enquiries:
SCISYS PLC | +44 (0)1249 466 466 | |
Peter Murden | Company Secretary | |
finnCap (NOMAD & Broker) | +44 (0)20 7220 0500 | |
Julian Blunt / Henrik Persson | Corporate Finance | |
Simon Starr | Corporate Broking |
About SCISYS:
Employing nearly 430 staff, SCISYS is a leading developer of Information and Communications Technology services, e-Business and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media & Broadcast, Space, Government and Defence sectors. SCISYS clients are predominantly blue chip and public sector organizations. Customers include Environment Agency, the Ministry of Defence, Astrium, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI and the National Trust. The Company has UK offices in Chippenham, Bristol and Reading and three offices located in Germany. More information is available at www.scisys.co.uk
Related Shares:
SSY.L