Changes in share options
New Chief Executive David Rajakovich granted 2,251,922 share options; previous CEO's options lapsed.
- Options granted to David Rajakovich 2,251,922
- Exercise price 3.75p per share
- Share price at grant (6 Feb 2025) 1.85p
- Total EMI options outstanding 7,131,088
- Total options as % of issued capital 5.82%
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Acuity (AIM:ACRM), the software group, announces that, when Kerry Chambers left the Company her options lapsed. On 6 February 2025, share options were granted to David Rajakovich, the new Chief Executive. These options are identical in all respects to the lapsed options save as to date of grant and expiry date as detailed below:
| Name | Position | Options granted | Total number of options held |
|---|---|---|---|
| David Rajakovich | Chief Executive | 2,251,922 | 2,251,922 |
The options have been granted under the Company's approved Enterprise Management Incentive share option scheme (the "EMI Scheme") and have an exercise price of 3.75 pence per share, the closing mid-market price of the shares, as derived from the AIM Appendix to the London Stock Exchange Daily Official List for 25 June 2024, (being the then market price as defined under the rules of the EMI Scheme), which compares with 6 February 2025 closing mid-market price of 1.85 pence per share. The options are exercisable in whole or in part at any time in the next five years conditional on the market price (under the rules of the EMI Scheme) of the Company's shares reaching double the exercise price for a period of at least five consecutive trading days.
The total number of options granted and outstanding under the EMI Scheme is 7,131,088, representing approximately 4.75 per cent of the Company's current issued share capital. In addition, there are 1,600,000 unapproved share options. Accordingly, the total number of options that are outstanding is 8,731,088, representing approximately 5.82 per cent of the current issued share capital.
| a) | Name | David Rajakovich | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Acuity RM Group plc | ||||
| b) | LEI | 213800JHJFKALDJA5X97 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Share Options over Ordinary shares of 0.1p each GB00BR0WHY71 | ||||
| b) | Nature of the transaction | Grant of Options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 6 February 2025 | ||||
| f) | Place of the transaction | Outside of a trading venue |
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