Idox plc
(“Idox” or “the Company”)
Grant of Options
ldox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset intensive sectors, announces that, on 11 February 2022, pursuant to the Company’s Long Term Incentive Plan (‘LTIP’), the Company granted nil-cost options over a total of 463,235 ordinary shares of 1 pence each (“Ordinary Shares”) to David Meaden, Chief Executive Officer and 257,353 Ordinary Shares to Rob Grubb, Chief Financial Officer (the “Options”). The Options will ordinarily vest in thirds over the next three years, commencing 10 February 2023, subject to a minimum share price of 102 pence and the grantee’s continued service in their respective roles and are exercisable from the date of vesting, with the latest exercise date being 10 February 2032.
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 | |||||
| a) | Name | David Meaden | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CEO | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Idox plc | ||||
| b) | LEI | 213800Z3FE6PWVSUGE70 | ||||
| 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
Identification code |
Ordinary shares of 1 pence each (“Ordinary Shares”)
GB0002998192 |
||||
| b) | Nature of the transaction | Grant of Share Options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
|
||||
| d) | Aggregated information
– Aggregated volume – Price |
463,235
n/a |
||||
| e) | Date of the transaction | 11 February 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Robert Grubb | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CFO | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Idox plc | ||||
| b) | LEI | 213800Z3FE6PWVSUGE70 | ||||
| 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
Identification code |
Ordinary shares of 1 pence each (“Ordinary Shares”)
GB0002998192 |
||||
| b) | Nature of the transaction | Grant of Share Options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
|
||||
| d) | Aggregated information
– Aggregated volume – Price |
257,353
n/a |
||||
| e) | Date of the transaction | 11 February 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
For further information please contact:
Idox plc +44 (0) 870 333 7101
Chris Stone, Non-Executive Chairman
David Meaden, Chief Executive
Rob Grubb, Chief Financial Officer
Peel Hunt LLP (NOMAD and Broker) +44 (0) 20 7418 8900
Edward Knight
Paul Gillam
MHP Communications + 44 (0) 203 128 8730
Reg Hoare [email protected]
James Bavister
About Idox plc
For more information see www.idoxplc.com @Idoxgroup