Software firm grants directors new share options

STAFFORDSHIRE back office optimisation software supplier, eg solutions, has agreed new share options to its directors.

The award is part of a long term incentive plan by the Dunston-based business.
 
Group finance director, Jonathan Kay has been given an option over 150,000 ordinary shares of £0.01 each, pursuant to the terms of the firm’s 2014 Long Term Incentive Plan. The award has been granted in the form of a nominal cost option.  Vesting of the award will be subject to share price growth targets being achieved.
 
Following the grant Jonathan Kay will hold options over a total of 150,000 Ordinary Shares as well as his notifiable interest in a total of 46,154 Ordinary Shares, representing 0.2% of the issued share capital of the company.
 
CEO Elizabeth Gooch has been granted an option of over 200,000 Ordinary Shares pursuant to the plan.  This award has also been granted in the form of a nominal cost option and is subject to the same share price targets.
 
Following the grant, Mrs Gooch will hold options over a total of 200,000 Ordinary Shares as well as her notifiable interest in a total of 5,304,080 Ordinary Shares, representing 23.5% of the company’s share capital.
 

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