(“Idox” or “the Group”)
Idox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, is pleased to announce a Long Term Incentive Award.
On 18 March, pursuant to the Company’s Long Term Incentive Plan (‘LTIP’) the Company granted nil-cost options over a total of 1,000,000 Ordinary Shares to Rob Grubb, Chief Financial Officer. The share awards under the LTIP will ordinarily vest in three years’ time subject to the minimum share price being 45 pence and the grantee’s continued service and are exercisable for 7 years thereafter with the latest exercise date being 18 March 2029.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
|1||Details of the person discharging managerial responsibilities / person closely associated|
|2||Reason for the notification|
|b)||Initial notification /Amendment||Initial Notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|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 shares of 1 pence each (“Ordinary Shares”)
|b)||Nature of the transaction||(i) Grant of Share Options|
|c)||Price(s) and volume(s)||
– Aggregated volume
|e)||Date of the transaction||18 March 2019|
|f)||Place of the transaction||London Stock Exchange (AIM)|
Idox plc +44 (0) 870 333 7101
Chris Stone, Non-Executive Chairman
David Meaden, Chief Executive
Rob Grubb, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson / Jen Boorer
Tom Salvesen (Corporate Broking)
About Idox plc
Information last updated: 18 March 2019