RNS Number : 5483W
Cirata PLC
12 December 2023
 

 

12 December 2023

 

Cirata plc

 

("Cirata" or the "Company")

 

Grant of Share Options to PDMRs

 

Cirata plc (LSE: CRTA), announces that on 8 December 2023 it awarded a total of 600,000 options to acquire ordinary shares of 10 pence per share ("Options") to the following persons discharging managerial responsibilities ("PDMR") under the 2023 Cirata plc Amended and Restated Share Option Plan, as follows:

 

 

PDMR

Number of new Options vesting over 3 years

Exercise price (p)

Vesting

Yeturu Aahlad, Chief Scientist and Co-Founder

150,000

57.00

3 year vesting schedule; quarterly vesting following the first anniversary

Paul Scott-Murphy, CTO

150,000

57.00

3 year vesting schedule; quarterly vesting following the first anniversary

Justin Holtzinger, SVP Customer Success and Engineering

150,000

57.00

3 year vesting schedule; quarterly vesting following the first anniversary

Larry Webster, General Counsel, Company Secretary

150,000

57.00

3 year vesting schedule; quarterly vesting following the first anniversary

 

 

The award of the Options brings the total options held by Yeturu Aahlad to 350,000, being 0.3% of issued share capital, 380,000 options held by Paul Scott-Murphy, being 0.3% of the issued share capital, 323,334 options held by Justin Holtzinger, being 0.3% of the issued share capital, and 277,500 options held by Larry Webster, being 0.2% of the issued share capital. The Company's Remuneration Committee has approved the awards and regards long term incentives as an important part of the remuneration of members of the leadership team to align them with shareholder interests.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

 

This announcement contains information that qualifies or may qualify as inside information. The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary.

 

Cirata plc

Via FTI Consulting

Stephen Kelly, Chief Executive Officer


Ijoma Maluza, Chief Financial Officer


Daniel Hayes, Investor Relations




FTI Consulting

+44 (0)20 3727 1137

Matt Dixon / Kwaku Aning / Usama Ali

 


Stifel (Nomad and Joint Broker)

+44 (0)20 7710 7600

Fred Walsh / Richard Short / Tom Marsh


 

Liberum (Joint Broker)

 

+44 (0)20 3100 2000

Max Jones / Ben Cryer / Miquela Bezuidenhoudt

 


 

 

About Cirata

 

Cirata accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com

 

 

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of MAR.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Yeturu Aahlad

2

Reason for the notification

a)

Position/status

Chief Scientist and Co-Founder (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

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 10p each

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

57 pence

150,000

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Scott-Murphy

2

Reason for the notification

a)

Position/status

CTO (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

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 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

57 pence

150,000

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Justin Holtzinger

2

Reason for the notification

a)

Position/status

SVP Customer Success and Engineering (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

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 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

57 pence

150,000

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Larry Webster

2

Reason for the notification

a)

Position/status

General Counsel, Company Secretary (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

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 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

57 pence

150,000

d)

Aggregated information

n/a

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

Outside a trading venue

 

 

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