Grant of Share Options
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your BKS notes
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 |
| a) | Name | Beeks Financial Cloud Group plc |
| b) | LEI | 213800XD729OTYVOMR79 |
| 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 |
Find out more at beeksgroup.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.