11 May 2023
Skillcast Group plc
("Skillcast", the "Group", or the "Company")
Grant of share options
Skillcast Group plc (AIM: SKL), the provider of content and technology for digital compliance transformation, announces the grant of 1,600,000 share options (the "Options") over ordinary shares of 0.1 pence each ("Ordinary Shares") to a Director and a number of employees of the Company, under the Skillcast Group plc EMI and Non-Qualifying Share Option Plan. The Options have an exercise price of 21 pence per option, being the closing mid-market price of an Ordinary Share on 10 May 2023, the date of the grant.
Of the 1,600,000 Options granted, 920,000 Options have been granted to a director of the Company and persons discharging managerial responsibilities ("PDMRs"), as follows:
| Director/PDMR | Existing options over Ordinary Shares held | Number of Options granted | Total options held following grant | % of current issued share capital |
| Richard Steele (CFO) | 360,000 | 700,000 | 1,060,000 | 1.18% |
| MaryAnn DeBattista (Group FC) | 180,000 | 60,000 | 240,000 | 0.27% |
| Sharon Mulligan (Chief People Officer) | 80,000 | 160,000 | 240,000 | 0.27% |
The 700,000 Options granted to Richard Steele will vest equally over three years based on continuing service. The remaining 900,000 Options will vest equally over four years based on continuing service.
Of the total 1,600,000 Options granted, 220,000 Options are non-tax advantaged share options over Ordinary Shares to two employees of the Company who are not resident in the UK. The remaining 1,380,000 Options are EMI qualifying options.
Following today's grant of Options, the Company currently has options outstanding over a total of 6,090,000 Ordinary Shares, representing 6.81% of the Company's current issued share capital.
The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
For further information, please contact:
| Skillcast Group plc Richard Amos, Chairman Vivek Dodd, CEO Richard Steele, CFO
| +44 (0) 207 929 5000 |
| Allenby Capital Limited (Nominated Adviser and Broker) James Reeve / Piers Shimwell (Corporate Finance) Jos Pinnington/Tony Quirke (Corporate Broking and Sales)
| +44 (0) 203 328 5656 |
About Skillcast Group plc
Skillcast helps companies build ethical, inclusive, and resilient workplaces. It provides content and technology to digitise and streamline compliance processes and manage them from a single compliance portal. Its product range includes a Learning management system with comprehensive off-the-shelf compliance course libraries, a Policy hub, Staff declarations, Anonymous surveys, CPD tracking, and compliance registers for gifts, expenses, PA dealing, whistleblowing.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Richard Steele | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CFO | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Skillcast Group plc | ||||
| b) | LEI | 213800OV1WLNFL7YRY20 | ||||
| 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 0.1 pence each in Skillcast Group plc
Identification code (ISIN) for Skillcast Group plc ordinary shares: GB00BNLXS042 | ||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a n/a | ||||
| e) | Date of the transaction | 10 May 2023 | ||||
| f) | Place of the transaction | Outside a trading venue - grant of options | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | MaryAnn DeBattista | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group Financial Controller (PDMR) | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Skillcast Group plc | ||||
| b) | LEI | 213800OV1WLNFL7YRY20 | ||||
| 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 0.1 pence each in Skillcast Group plc
Identification code (ISIN) for Skillcast Group plc ordinary shares: GB00BNLXS042 | ||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a n/a | ||||
| e) | Date of the transaction | 10 May 2023 | ||||
| f) | Place of the transaction | Outside a trading venue - grant of options | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sharon Mulligan | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief People Officer (PDMR) | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Skillcast Group plc | ||||
| b) | LEI | 213800OV1WLNFL7YRY20 | ||||
| 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 0.1 pence each in Skillcast Group plc
Identification code (ISIN) for Skillcast Group plc ordinary shares: GB00BNLXS042 | ||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a n/a | ||||
| e) | Date of the transaction | 10 May 2023 | ||||
| f) | Place of the transaction | Outside a trading venue - grant of options | ||||
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