Share Options Reissue
Beeks Financial Cloud Group plc has cancelled and reissued 1,400,000 unapproved share options as EMI options under the same terms, with no increase in the total number of options outstanding or changes to vesting criteria. This action, which includes 55,000 options for Chief Financial Officer Fraser McDonald, aims to allow eligible employees to benefit from revised EMI limits without increasing shareholder dilution. The reissue pertains solely to previously granted options, and the aggregate number of outstanding share options remains unchanged.
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19 May 2026 - Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that it has cancelled certain existing unapproved share options and re‑issued them as EMI options under the same terms.
The Company has cancelled 1,400,000 unapproved share options that were originally granted during the previous financial year and has re‑issued them on a like‑for‑like basis as EMI options, with no increase in the total number of options outstanding nor any changes to the vesting criteria of the options.
Of the EMI options cancelled and re‑issued, 55,000 related to Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities ("PDMR").
The cancellation and re‑issue of the options have been undertaken to enable eligible employees to benefit from the revised EMI limits and does not result in any increase in dilution to shareholders.
The re‑issue relates solely to options previously granted and does not represent new awards. Consequently, following the re‑issue, the aggregate number of share options outstanding remains unchanged.
Find out more at beeksgroup.com
| 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 |
| Identification code | GB00BZ0X8W18 | |
| b) | Nature of the Transaction | Cancellation and reissue of options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 55,000 |
| d) | Aggregated information Aggregated volume Price | n/a |
| e) | Date of the transaction | 19 May 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.