1 November 2024
Cirata plc
("Cirata" or the "Company")
Grant of Share Options to PDMRs
Cirata plc (LSE: CRTA), announces that on 31 October 2024 it awarded a total of 275,000 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:
All new options were granted at an exercise price of 30 pence per share.
| PDMR | Number of new Options | Total Options Held post new award | % of Issued share capital[1] |
Vesting |
| Paul Scott-Murphy, CTO | 75,000 | 455,000 | 0.36% | 3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter |
| Ricardo Moura, Interim CFO | 50,000 | 50,000 | 0.04% | 1-year vesting schedule; all options vest on first anniversary |
| Hayley Fisher, VP People | 50,000 | 200,000 | 0.16% | 3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter |
| Brian Kilpatrick, Engineering Director | 50,000 | 68,330 | 0.05% | 3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter |
| Chris Cochran, CRO Americas | 50,000 | 220,856 | 0.18% | 3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter |
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.
[1] The issued share capital as at 31 October 2024 consisted of 125,936,463 ordinary shares of ten pence each with voting rights admitted to trading. The Company holds no ordinary shares in Treasury.
This announcement contains information that qualifies or may qualify as 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.
The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary.
For further information, please contact:
| Cirata | +1 (925) 380 1728 |
| Stephen Kelly, Chief Executive Officer | |
| Ricardo Moura, Interim 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 / Ben Good / Sarah Wong | |
| | |
| Panmure Liberum (Joint Broker) | +44 (0)20 3100 2000 |
| Max Jones / John More | |
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 | Paul Scott-Murphy | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Technology Officer (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) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 31 October 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Ricardo Moura | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Interim CFO (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 1 year | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 31 October 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Hayley Fisher | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | VP People (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) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 31 October 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Brian Kilpatrick | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Engineering Director (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) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 31 October 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Chris Cochran | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Revenue Officer Americas (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) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 31 October 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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