Elektron Technology plc
("Elektron" or the "Company")
Grant of Options
Elektron Technology plc announces that on 11 December 2017 John Wilson, CEO, was granted options to subscribe for 175,000 ordinary shares of 5 pence each in the capital of the Company (the "Options"). The Options give Mr Wilson the right to subscribe for Ordinary Shares at a price of 16.87 pence per Ordinary Share, being the closing middle-market price of the Company's Ordinary Shares on 11 December 2017.
The Options vest after three years and are exercisable at any point between the third and tenth anniversary of issuance.
Enquiries:
Elektron Technology plc +44 (0) 1223 371000
Andy Weatherstone - Chief Financial Officer & Company Secretary
finnCap (Nominated Adviser & Broker) +44 (0)20 7220 0500
Ed Frisby / Scott Mathieson - Corporate Finance
Abigail Wayne - Corporate Broking
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Notes to Editors
Elektron conceives designs and markets innovative engineered products and services for businesses that connect, monitor and control. We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:
- Demand for ubiquitous power and data: Bulgin
- New waves of "aware" business applications: Checkit
- The effect of ageing on sight: Elektron Eye Technology
- Growth in high precision manufacture: Queensgate
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1. |
Details of PDMR |
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(a) |
Name |
John Wilson |
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2. |
Reason for notification |
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(b) |
Position / status |
Chief Executive Officer |
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(c) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the Issuer |
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(a) |
Name |
Elektron Technology plc |
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(b) |
LEI |
n/a |
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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 transaction(s) have been conducted |
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(a) |
Description of the financial instrument |
Options over ordinary shares of 5p each |
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(b) |
Nature of the transaction |
Grant of Options |
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(c) |
Price(s) and volume |
175,000 ordinary shares @ 16.87p each |
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(d) |
Aggregated information |
N/A |
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(e) |
Date of the transaction |
11/12/2017 |
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(f) |
Place of the transaction |
Outside a trading venue |
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