K3 Business Technology Group PLC K3 LTIP Option Scheme (0101M)
18 Mai 2022 - 06:27PM
UK Regulatory
TIDMKBT
RNS Number : 0101M
K3 Business Technology Group PLC
18 May 2022
18 May 2022
AIM: KBT
K3 Business Technology Group plc
("K3", "Company" or "Group")
K3 LTIP Option Scheme
K3, which provides business -- critical software solutions
focused on fashion and apparel brands, announces that its
Remuneration Committee ("RemCo") has today granted 587,500 new
options to certain Persons Discharging Managerial Responsibilities
("PDMRs") ("Share Options"). These grants have been made under the
terms of the K3 Long Term Incentive Plan 2020 adopted on 12
November 2020 (the "LTIP") and together amount to approximately
1.31% of the Company's current non-diluted issued share
capital.
The Share Options awarded to each PDMR are split between Market
Price Options and LTIP Nominal Price Options (further details of
which are set out below) as follows:
Name Position Number of Number of
Market Price LTIP Nominal
Options awarded Price Options
awarded
-----------------
Marco Vergani Chief Executive 135,000 n/a
Officer
----------------------- -----------------
Robert Price Chief Financial 85,000 n/a
Officer
----------------------- -----------------
Sjoerd Starren MD, Global Accounts 70,000 n/a
----------------------- -----------------
Andrew Payne Chief Technology 70,000 n/a
Officer
----------------------- -----------------
Julia Mueller Chief Customer 70,000 n/a
Officer
----------------------- -----------------
Chief Delivery
Peter Bradley Officer 70,000 87,500
----------------------- -----------------
Totals 500,000 87,500
-----------------
The LTIP Nominal Price Options are issued on substantially the
same terms and at the same exercise price (25p per share, being
nominal value) as those issued to other PDMRs of the Company on 12
November 2020 and 30 March 2021 and have been issued to align new
starters with the existing senior leadership team as regards their
option arrangements.
The Market Price Options have an exercise price of 150p. Vesting
of the Market Price Options is based on the achievement of certain
prescribed levels of annual recurring revenue growth in respect of
the Group's strategic product suites (K3|imagine, K3|fashion,
K3|pebblestone and K3|ViJi) ("Strategic Products") measured as at
30 November 2024.
In addition, and to ensure consistency between the Group's
strategic aims and its incentives, the Remuneration Committee has
amended the performance condition for the 240,000 existing market
price options issued by the Company to broaden the performance
metric to cover all of the Group's Strategic Products, and to
adjust the testing date to 30 November 2023, from 30 November 2024
(to align with the Group's current remuneration policy for market
priced options, having a three year test period). Amended options
held by PDMRs of the Company are as follows:
Name Position Number of
Existing Market
Price Options
Chief Financial
Robert Price Officer 40,000
----------------------- -----------------
Sjoerd Starren MD, Global Accounts 40,000
----------------------- -----------------
Chief Technology
Andrew Payne Officer 40,000
----------------------- -----------------
Chief Customer
Julia Mueller Officer 40,000
----------------------- -----------------
Further details in respect of the above are provided below, in
accordance with the EU Market Abuse Regulation (No 596/2014).
For further information contact:
+44 (0) 161 876
K3 Business Technology Group plc 4498
Marco Vergani, CEO
Rob Price, CFO
+44 (0) 207 220
finnCap Ltd 0500
Nominated Adviser and Broker
Julian Blunt/James Thompson (Corporate finance)
Richard Chambers (Corporate Broking)
+44 (0) 20 3178
KTZ Communications 6378
Katie Tzouliadis/Dan Mahoney
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Marco Vergani
2. Reason for notification
b) Position / status Chief Executive Officer
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name K3 Business Technology Group plc
c) LEI 213800QOJ9OF2AV81748
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 Options over ordinary shares of 25p each exercisable at 150p per share
Identification code GB00B00P6061
b) Nature of the transaction Award of Options under the K3 LTIP
c) Price(s) and volume(s) 135,000 Options awarded
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 18 May 2022
f) Place of the transaction Outside a trading venue
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Robert Price
2. Reason for notification
b) Position / status Chief Financial Officer
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name K3 Business Technology Group plc
c) LEI 213800QOJ9OF2AV81748
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 Options over ordinary shares of 25p each exercisable at 150p per share
Identification code GB00B00P6061
b) Nature of the transaction Award of Options under the K3 LTIP and adjustment of existing option
performance condition
c) Price(s) and volume(s) 85,000 Options awarded
Performance condition adjustment in respect of 40,000 existing options
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 18 May 2022
f) Place of the transaction Outside a trading venue
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Sjoerd Starren
2. Reason for notification
b) Position / status MD - Global Accounts
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name K3 Business Technology Group plc
c) LEI 213800QOJ9OF2AV81748
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 Options over ordinary shares of 25p each exercisable at 150p per share
Identification code GB00B00P6061
b) Nature of the transaction Award of Options under the K3 LTIP and adjustment of existing option
performance condition
c) Price(s) and volume(s) 70,000 Options awarded
Performance condition adjustment in respect of 40,000 existing options
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 18 May 2022
f) Place of the transaction Outside a trading venue
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Andrew Payne
2. Reason for notification
b) Position / status Chief Technology Officer
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name K3 Business Technology Group plc
c) LEI 213800QOJ9OF2AV81748
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 Options over ordinary shares of 25p each exercisable at 150p per share
Identification code GB00B00P6061
b) Nature of the transaction Award of Options under the K3 LTIP and adjustment of existing option
performance condition
c) Price(s) and volume(s) 70,000 Options awarded
Performance condition adjustment in respect of 40,000 existing options
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 18 May 2022
f) Place of the transaction Outside a trading venue
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Julia Mueller
2. Reason for notification
b) Position / status Chief Customer Officer
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name K3 Business Technology Group plc
c) LEI 213800QOJ9OF2AV81748
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 Options over ordinary shares of 25p each exercisable at 150p per share
Identification code GB00B00P6061
b) Nature of the transaction Award of Options under the K3 LTIP and adjustment of existing option
performance condition
c) Price(s) and volume(s) 70,000 Options awarded
Performance condition adjustment in respect of 40,000 existing options
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 18 May 2022
f) Place of the transaction Outside a trading venue
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Peter Bradley
2. Reason for notification
b) Position / status Chief Delivery Officer
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name K3 Business Technology Group plc
c) LEI 213800QOJ9OF2AV81748
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 Options over ordinary shares of 25p each exercisable at 150p per share
Identification code and at nominal cost
GB00B00P6061
b) Nature of the transaction Award of Options under the K3 LTIP
c) Price(s) and volume(s) 70,000 market price share options
87,500 nominal cost share options
d) Aggregated information Options over 157,500 ordinary shares
Aggregated volume Price
e) Date of the transaction 18 May 2022
f) Place of the transaction Outside a trading venue
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END
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