RNS Number : 0224Z
Elektron Technology PLC
12 December 2017
 

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

www.elektron-technology.com               

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

 

1.

Details of PDMR

(a)

Name

John Wilson

2.

Reason for notification

(b)

Position / status

Chief Executive Officer

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Elektron Technology plc

(b)

LEI

n/a

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

(a)

Description of the financial instrument

Options over ordinary shares of 5p each

(b)

Nature of the transaction

Grant of Options

(c)

Price(s) and volume

175,000 ordinary shares @ 16.87p each

(d)

Aggregated information

N/A

(e)

Date of the transaction

11/12/2017

(f)

Place of the transaction

Outside a trading venue

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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