5 December 2022
Actual Experience plc
(the "Company" or "Actual Experience")
Grant of Options
Actual Experience plc (AIM: ACT), the analytics-as-a-service company, announces that on 30 November 2022 it granted options ("Options") over 9,700,000 ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary Shares") to certain employees and Directors of the Company.
The Options have an exercise price of 10 pence and vest in two equal tranches on 1 July 2023 and 1 July 2024. The Options, once vested, can be exercisable anytime up until the 10th anniversary of the date of grant.
Three directors of the Company have been granted options over a total of 1,600,000 Ordinary Shares as follows:
| Director | Title | Number of Options granted |
| Steve Bennetts | CFO & Interim CEO | 800,000 |
| Kirsten English | Executive Chair | 600,000 |
| Richard Steele | Non-Executive Director | 200,000 |
As announced on 21 September 2022, the Board has concluded that some historic share options no longer act as an incentive for employees and Directors as a result of the current share price of the Company. Accordingly, the Company also announces that is has cancelled 829,000 employee share options currently in issue. Subsequent to this grant and cancellation of options, a total of 9,997,250 share options will be in issue equivalent to 4.64% of the Company's issued share capital.
The Directors maintain that the cancellation of current options and the issue of new options will be important to be able to retain key employees and provide motivation to them.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
ENDS
Enquiries:
| Actual Experience plc Steve Bennetts, Interim CEO and Chief Financial Officer
| Tel: +44 (0)203 128 8666 | |
| Singer Capital Markets Advisory LLP Shaun Dobson James Fischer
| Tel: +44 (0)207 496 3000 | |
| MHP Communications Reg Hoare Matthew Taylor | Tel: +44 (0)203 128 8666 | |
About Actual Experience
Actual Experience's goal is to make the digital world work for everyone, everywhere, all of the time. As the working world evolves post-pandemic, the global shift to a flexible hybrid model has brought with it a significant challenge; how do businesses create an environment that gives their people what they need to thrive, whilst protecting the commercial efficiency of the business and driving growth at the same time?
By underpinning their strategic decision making with our data-driven insights, our customers gain the clarity and confidence needed to build sustainable digital ecosystems within their organisations - delivering both a great employee experience and increasing the efficiency of the digital workplace. Powered by over 10 years of academic research, our service doesn't need any interaction with employees to provide a unique and highly actionable dataset that People, Technology and Finance leaders can rely upon to plan impactful projects against their most critical agenda items including wellbeing, profitability, DE&I and ESG initiatives.
Actual Experience is listed on the London Stock Exchange (AIM: ACT). Our corporate headquarters are in Bath, UK. Actual Experience's unique and patented digital analytics-as-a-service is founded on cutting-edge research from Queen Mary University of London.
For further information please visit www.actual-experience.com
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Kirsten English | |
| 2 | Reason for the notification | ||
| a) | Position/status | Executive Chair | |
| b) | Initial notification /Amendment | Initial | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Actual Experience plc | |
| b) | LEI | 213800UI9OUTXKWLMK28 | |
| 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 0.2 pence each
GB00BJ05QC14 | |
| b) | Nature of the transaction | Grant of options | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| £0.10 | 600,000 shares | ||
| d)
| Aggregated information
- Aggregated volume - Price
|
N/A - Single Transaction | |
| e) | Date of the transaction | 30 November 2022 | |
| f) | Place of the transaction | Off Market Transaction | |
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Steve Bennetts | |
| 2 | Reason for the notification | ||
| a) | Position/status | Interim CEO and CFO | |
| b) | Initial notification /Amendment | Initial | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Actual Experience plc | |
| b) | LEI | 213800UI9OUTXKWLMK28 | |
| 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 0.2 pence each
GB00BJ05QC14 | |
| b) | Nature of the transaction | Grant of options | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| £0.10 | 800,000 shares | ||
| d)
| Aggregated information
- Aggregated volume - Price
|
N/A - Single Transaction | |
| e) | Date of the transaction | 30 November 2022 | |
| f) | Place of the transaction | Off Market Transaction | |
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Richard Steele | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-executive Director | |
| b) | Initial notification /Amendment | Initial | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Actual Experience plc | |
| b) | LEI | 213800UI9OUTXKWLMK28 | |
| 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 0.2 pence each
GB00BJ05QC14 | |
| b) | Nature of the transaction | Grant of options | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| £0.10 | 200,000 shares | ||
| d)
| Aggregated information
- Aggregated volume - Price
|
N/A - Single Transaction | |
| e) | Date of the transaction | 30 November 2022 | |
| f) | Place of the transaction | Off Market Transaction | |
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