RNS Number : 9017T
Beeks Financial Cloud Group PLC
20 November 2023
 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Grant of Share Options

20 November 2023 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that on 20 November 2023 options over a total of 1,550,000 ordinary shares of £0.00125 in the Company ("Options") were granted under the Beeks Financial Cloud Employee Share Option Plan. An Option over 50,000 shares was awarded to Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities ("PDMR Options"). Options were also granted over 1,500,000 shares to certain employees of the Company, each of whom are not persons discharging managerial responsibilities ("Employee Options").

The PDMR Options vest after three years and the Employee Options vest over 2 years to 3 years from the date of grant with an exercise price of £0.00125, subject to challenging performance conditions being met.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fraser McDonald

2.

Reason for the Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/amendment

Initial notification

3.

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

a)

Name

Beeks Financial Cloud Group plc

b)

LEI

213800XD729OTYVOMR79

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

Ordinary shares of 0.00125 pence each

Identification code

GB00BZ0X8W18

b)

Nature of the Transaction

Award of Share Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

50,000

d)

Aggregated information

Aggregated volume Price

n/a

e)

Date of the transaction

20 November 2023

f)

Place of the transaction

Outside a trading venue

 

For further information please contact:

Beeks Financial Cloud Group plc


Gordon McArthur, CEO

via Alma

Fraser McDonald, CFO




Canaccord Genuity

+44 (0)20 7523 8000

Adam James / Gordon Hamilton




Alma

+44(0)20 3405 0205

Caroline Forde / Hilary Buchanan / Joe Pederzolli


 

About Beeks:

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year. Beeks Group now employs over 100 team members across the globe with the majority based at our Renfrew HQ.

 

Find out more at beeksgroup.com

 

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