Grant of Awards under Long Term Incentive Plan
Celebrus Technologies PLC announced on September 26, 2025, the grant of options over 432,616 ordinary shares of two pence each to key employees on September 25, 2025, under the Long Term Incentive Plan. The exercise price is £0.02 per share. For half of the award, vesting is tied to the company's relative Total Shareholder Return (TSR) against a benchmark, with full vesting for top-quartile performance. The other half requires a 20% annual compound growth in Annual Recurring Revenue (ARR) for minimum vesting, scaling to full vesting at 25% compound growth, over a three-year period starting April 1, 2025. Bill Bruno received options for 176,929 shares and Ash Mehta received options for 109,688 shares.
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Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed data solutions provider, announces that on 25 September 2025, key employees were granted options over in aggregate 432,616 ordinary shares of two pence each in the Company ("Ordinary Shares").
The awards were made as set out below under the terms of the Celebrus Long Term Incentive Plan ("LTIP") and included the PDMRs listed below.
| PDMR | Number of Options |
|---|---|
| Bill Bruno | 176,929 |
| Ash Mehta | 109,688 |
Vesting of awards is subject to the satisfaction over the three-year period, beginning 1 April 2025 of specified performance conditions, based on the Company's relative Total Shareholder Return (TSR) in respect of half of the award, and growth in Annual Recurring Revenue (ARR) in respect of the other half. Vesting criteria have been set as follows:
- TSR of no less than median performance against the selected benchmark for minimum vesting, with a sliding scale above this level, up to full vesting for top-quartile performance.
- 20% annual compound growth in Celebrus ARR** to achieve minimum award vesting, with a sliding scale above this level, up to full vesting at 25% compound growth, as shown in the calculation below . The awards will benefit from dividend equivalents in accordance with the LTIP Rules.
The awards are subject to an exercise price of £0.02 per share.
** 'ARR' (Annual Recurring Revenue, or 'Group ARR') is defined as the amount of revenue contracted at a point in time, derived from Celebrus software, and Celebrus and non-Celebrus managed services, that is expected to recur within the next twelve months. It excludes third-party software license revenue. 'Celebrus ARR' excludes non-Celebrus managed services from the total.
| Enquiries Celebrus Technologies plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer | +44 (0) 1932 893333 investors@celebrus.com | |
| Cavendish (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Tim Redfern, Harriet Ward, Corporate Broking | +44 (0) 20 7220 0500 | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Bill Bruno |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Celebrus Technologies Plc |
| b) | LEI | 213800HP3XUS3KTGWT63 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 2 pence each ISIN: GB0001351955 |
| b) | Nature of the transaction | Grant of options under the terms of the Celebrus Long Term Incentive Plan ("LTIP") at an exercise price of £0.02 per share (176,929 shares). |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 176,929 |
| d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) |
| e) | Date of the transaction | 25 September 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Ash Mehta |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Celebrus Technologies Plc |
| b) | LEI | 213800HP3XUS3KTGWT63 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 2 pence each ISIN: GB0001351955 |
| b) | Nature of the transaction | Grant of options under the terms of the Celebrus Long Term Incentive Plan ("LTIP") at an exercise price of £0.02 per share (109,688 shares). |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 109,688 |
| d) | Aggregated information - Aggregated volume - Price | n/a (single transaction) |
| e) | Date of the transaction | 25 September 2025 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.