3 October 2022
i-nexus Global plc
("i-nexus", the "Company" or the "Group")
Grant of LTIP options
i-nexus Global plc (AIM: INX), a leading provider of cloud-based strategy software solutions designed for the Global 5000, announces that on 3 October 2022 awards were granted in the form of options over ordinary shares of £0.10 each in the capital of the Company ("Ordinary Shares") under the Company's Long Term Investment Plan ('LTIP') to the following Directors. Each option has an exercise price per Ordinary Share equal to the nominal value of an Ordinary Share.
| First (Financial year 2023) allocation Simon Crowther (CEO) Drew Whibley (CFO) |
257,273 138,987 |
| | |
| Second (Financial year 2024) allocation Simon Crowther (CEO) Drew Whibley (CFO) |
260,230 138,987 |
The vesting of the LTIP options is conditional upon retaining employment with the Company at the date of vesting and achieving agreed monthly recurring revenue targets for the respective years and is subject to approval from the Company's remuneration committee. Vesting will be confirmed following certification by the auditors of closing MRR for the relevant financial year.
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | 1. Simon Crowther 2. Drew Whibley | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position/status | 1. Director 2. Director | ||||||
| b) | Initial notification/Amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | i-nexus Global plc | ||||||
| b) | LEI | 213800QGMSEXNLYTU2g2 | ||||||
| 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 | Options over Ordinary Shares of 10 pence each | ||||||
| b) | Identification code | ISIN: GB00BDFDLT01 | ||||||
| c) | Nature of the transaction | Grant of options under Long Term Investment Plan | ||||||
| d) | Price(s) and volume(s)
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| ||||||
| e) | Aggregated information - Aggregate volume - Price | n/a | ||||||
| f) | Date of the transaction | 3 October 2022 | ||||||
| g) | Place of the transaction | Outside a trading venue | ||||||
| Name of authorised official of issuer responsible for making notification: | Drew Whibley, Company Secretary, i-nexus Global plc | |||||||
For further information please contact:
| i-nexus Global plc Simon Crowther, CEO Drew Whibley, CFO
| Via: Alma PR |
| Singer Capital Markets (Nominated Adviser and Broker) Sandy Fraser / Alaina Wong (Corporate Finance) Tom Salvesen (Corporate Broking)
| Tel: +44 (0)207 496 3000 |
| Alma PR Caroline Forde | Tel: +44 (0)203 405 0205 |
About i-nexus Global plc
i-nexus Global plc ("i-nexus") helps organisations achieve their goals. Whether executing a strategy, driving operational excellence and continuous performance improvement, or coordinating portfolios and programs to transform results, i-nexus strategy execution software underpins success.
Today, we support organisations in managing over 200,000 strategic programmes around the world.
i-nexus transforms how organisations plan, execute, and track goals. We inspire the confidence to leave behind the spreadsheets, presentations and reports those organisations rely on, replacing it with a cloud-based, collaborative solution.
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