RNS Number : 3909V
Eagle Eye Solutions Group PLC
05 April 2023
 

5 April 2023

 

Eagle Eye Solutions Group plc

("Eagle Eye", the "Group", or the "Company")

 

Issue of share options

Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted today to the following Executive Directors and person discharging managerial responsibilities ("PDMRs") of Eagle Eye for nil cost as follows:

 

Director/PDMR

Role

Number of Ordinary Shares subject to FY25 option grant

Number of Ordinary Shares subject to FY23 option grant

Total number of Ordinary Shares under option post grant

% of existing issued share capital

Tim Mason

Chief Executive Officer

66,843

71,331

1,700,474

5.8%

Steve Rothwell

Chief Information Officer

38,613

41,206

286,626

1.0%

Lucy Sharman-Munday

Chief Financial Officer

38,613

41,206

536,826

2.0%

Al Henderson

Chief Sales Officer

22,448

18,938

171,399

0.6%

David Aylmer

Chief Operating Officer

22,448

23,955

308,297

1.1%

Claire Essex-Crosby

Chief People Officer

14,156

6,114

68,263

0.2%

James Esson

Company Secretary

6,534

2,094

32,649

0.1%

 

The FY25 awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the three year period ending 30 June 2025 subject to revenue and EBITDA performance criteria and the overall underlying performance of the Company. In common with previous awards, the number of options which vest will vary depending on the level of achievement between threshold, target and stretch performance levels. The value of options awarded is scaled back from previous years in recognition of the Growth Plan being issued at the same time.

The FY23 awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the three year period ending 30 June 2023 subject to revenue and EBITDA performance criteria and the overall underlying performance of the Company. In common with previous awards, the number of options which vest will vary depending on the level of achievement between stretch and super stretch performance levels as previously detailed in the Company's 2021 Remuneration Committee Report.

Following the new grant of options and assuming all vesting criteria is met, the fully diluted number of Ordinary Shares would be 32,833,594; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 11.0% of the fully diluted number of Ordinary Shares. This is in accordance with the Company's shareholder approved limit for shares outstanding under the Company's share option schemes at any time of a maximum of 20% of the ordinary share capital of the Company in issue at such time.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

 

 

Name

1.   Tim Mason

2.   Steve Rothwell

3.   Lucy Sharman-Munday

4.   Al Henderson

5.   David Aylmer

6.   Claire Essex-Crosby

7.   James Esson

2

Reason for the notification

a)

 

 

Position/status

1.   Chief Executive Officer

2.   Chief Technology Officer

3.   Chief Financial Officer

4.   Chief Sales Officer

5.   Chief Operating Officer

6.   Chief People Officer

7.   Company Secretary

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Eagle Eye Solutions Group plc

b)

LEI

2138002S1AIBVVMZ7A21

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

 

 

Options over Ordinary Shares of 1p each

 

GB00BKF1YD83

b)

Nature of transaction

Grant of Options over Ordinary Shares

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)



1.   Nil

2.   Nil

3.   Nil

4.   Nil

5.   Nil

6.   Nil

7.   Nil

 

1.   138,174

2.   79,819

3.   79,819

4.   41,386

5.   46,403

6.   20,270

7.   8,628


Aggregated information

-      Aggregated volume

-      Price

 

Not applicable

e)

Date of the transaction

4 April 2023

f)

Place of the transaction

Outside of a trading venue

 

Enquiries:

 

Eagle Eye Solutions Group plc

Tel: 0844 824 3686

Tim Mason, Chief Executive Officer

 

Lucy Sharman-Munday, Chief Financial Officer

 


 

Investec Bank plc (Nominated Adviser & Joint Broker)

Tel: +44 20 7597 5970

Corporate Broking & PLC Advisory: David Anderson, Nick Prowting

 

 

 

Shore Capital (Joint Broker)

Tel: +44 20 7408 4090

Corporate Advisory: Daniel Bush, David Coaten, Lucy Bowden

Corporate Broking: Henry Willcocks

 

 

 

Alma PR (Financial PR)

Tel: +44 20 3405 0205

Caroline Forde, Hannah Campbell

 

 

About Eagle Eye

 

Eagle Eye is a leading SaaS technology company transforming marketing by creating digital connections that enable personalised performance marketing in real time through coupons, loyalty, apps, subscriptions and gift services.

 

Eagle Eye AIR enables the secure issuance and redemption of digital offers and rewards at scale, across multiple channels, enabling a single customer view. The Group creates a network between merchants, brands and audiences to enable customer acquisition, interaction and retention at lower cost whilst driving marketing innovation.

 

The Company's current customer base comprises leading names in UK Grocery, Retail, Leisure and Food & Beverage sectors, including Asda, Sainsbury's, Tesco, Waitrose and John Lewis & Partners, Virgin Red, JD Sports, Pret A Manger, Greggs, Mitchells & Butlers, PizzaExpress; in North America, Loblaws, Shoppers Drug Mart, Southeastern Grocers and Staples US Retail and in Australia & New Zealand, Woolworths Group and The Warehouse Group. In January 2023, the Group acquired France based Untie Nots, a personalised promotions business, adding Carrefour, E. Leclerc, Auchan and other leading brands to its European customer base.

 

Web - www.eagleeye.com

 

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