Checkit plc
("Checkit" or the "Group")
Grant of share options and PDMR dealings
Checkit plc (AIM:CKT), is pleased to announce that following the establishment of its new EMI Options Scheme it has granted options (the "EMI Options") over ordinary shares of five pence each ("Ordinary Shares") to all staff employed by the Group on 7 July 2020. The minimum award comprised of EMI Options over for 5,000 Ordinary Shares, with higher awards made depending on seniority and other criteria. The EMI Options are exercisable after a three-year holding period.
Following the above award of EMI Options, the total options outstanding are as follows:
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Date of award |
Exercise price |
Number of options |
Earliest exercise date |
% of issued share capital |
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December 2017 |
12.2p |
413,925 |
December 2020 |
0.67 |
|
July 2020 |
40.5p |
3,200,000 |
July 2023 |
5.16 |
|
TOTAL |
|
3,613,925 |
|
5.83 |
PDMR Dealings
Included within the above, EMI Options were granted to Aylsa Muir, CFO Designate, and Sara Coate, Group Company Secretary and Solicitor, over 310,000 Ordinary Shares and 100,000 Ordinary Shares respectively representing 0.5% and 0.2% of issued share capital.
Keith Daley, Executive Chair commented:
"This is an exciting time for all of us as we all work hard to develop the business and increase shareholder value. The Board is keen to align the interests of staff with those of our shareholders."
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
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Checkit plc |
+44 (0) 1223 371 000 |
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www.checkit.net |
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Keith Daley (Executive Chairman) |
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Sara Coate (Company Secretary) |
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Yellowstone Advisory (Investor Relations) |
+44 (0) 7710 164 120 |
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Alex Schlich |
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N+1 Singer (Nominated Adviser & Broker) |
+44 (0) 20 7496 3000 |
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Shaun Dobson / George Tzimas (Corporate Finance) |
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Rachel Hayes (Corporate Broking) |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Aylsa Muir
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2
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Reason for the notification
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a)
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Position/status
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Director/PDMR |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Checkit plc |
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b)
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LEI
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213800556WJOWQNT2R68 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of 5 pence each |
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Identification code |
ISIN: GB00B0C5RG72 |
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b)
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Nature of the transaction
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Grant of options over Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Exercisable at 40.5 pence per Ordinary Share |
310,000 Ordinary Shares |
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d)
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Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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7 July 2020 |
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f) |
Place of the transaction |
Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Sara Coate
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2
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Reason for the notification
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a)
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Position/status
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Director/PDMR |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Checkit plc |
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b)
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LEI
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213800556WJOWQNT2R68 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of 5 pence each |
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Identification code |
ISIN: GB00B0C5RG72 |
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b)
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Nature of the transaction
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Grant of options over Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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40.5 pence per Ordinary Share |
100,000 Ordinary Shares |
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d)
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Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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7 July 2020 |
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f) |
Place of the transaction |
Outside a trading venue |
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