Grant of Share Options and Director/PDMR Dealing
CloudCoCo Group plc has granted 16,000,000 EMI share options to its management team at an exercise price of 0.175 pence per share, representing approximately 1.71% of the current issued share capital. These options, which vest in July 2029 and can be exercised until July 2036, require a share price increase of at least 51.4% over the grant price for exercise. The grants, including 10,000,000 options to Peter Nailer, 3,500,000 to Darron Giddens, and 2,500,000 to Simon Duckworth, are intended to incentivize and retain management. Following these grants, the total outstanding options amount to 90,425,000, or approximately 9.67% of the issued ordinary share capital.
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CloudCoCo (AIM: CLCO), the Sheffield-based e-commerce and IT procurement business, announces the grant of EMI options over 16,000,000 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") to members of its management team under the Company's EMI Share Option Plan adopted on 27 September 2016.
The options represent approximately 1.71% of the Company's current issued ordinary share capital of 935,382,352 Ordinary Shares. They have an exercise price of 0.175 pence per Ordinary Share, being the closing mid-market price on 2 July 2026, and are intended to qualify as EMI options. The options may not be exercised unless the Company's share price is at least 0.265 pence per Ordinary Share on the date notice of exercise is received, representing a 51.4% increase over the grant price.
The grant follows the Company's interim results for the six months ended 31 March 2026, announced on 30 June 2026, and is intended to incentivise and retain management as the Group continues to pursue sustainable profitability and long-term shareholder value.
The options will normally vest on 2 July 2029 and may be exercised thereafter until 2 July 2036, subject to the rules of the scheme, continued employment and satisfaction of the applicable performance condition above.
Details of the grants are set out below:
| Name | Role | Number of New Options granted at 0.175p per share | Number of Existing Options granted at 1.00p per share | Total Number of Options held |
|---|---|---|---|---|
| Peter Nailer | Managing Director - Trading Businesses | 10,000,000 | 1,000,000 | 11,000,000 |
| Darron Giddens | Chief Financial Officer - CloudCoCo Group plc | 3,500,000 | 7,000,000 | 10,500,000 |
| Simon Duckworth | Non-Executive Chairman - CloudCoCo Group plc | 2,500,000 | ͞ | 2,500,000 |
The options have been granted under the Company's existing EMI share option arrangements and are separate from the employee option arrangements approved by shareholders on 27 March 2026 in connection with Project Brightstar.
Following the grant, the current number of options over Ordinary Shares granted and outstanding is 90,425,000, representing approximately 9.67% of the Company's issued ordinary share capital.
Details of the director dealings are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.
Director/PDMR UK MAR disclosures
The following notification, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Simon Duckworth |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | CloudCoCo Group Plc |
| b) | LEI | 213800D4GJKAFHT5TB32 |
| a) | Description of the financial instrument, type of instrument Identification code | Options to subscribe for new Ordinary shares of 0.01p each in CloudCoCo Group Plc GB00B8GRBX01 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Exercise Price: 0.175p Volume: 2,500,000 |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 2 July 2026 |
| f) | Place of the transaction | Outside of a trading venue. |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Darron Giddens |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | CloudCoCo Group Plc |
| b) | LEI | 213800D4GJKAFHT5TB32 |
| a) | Description of the financial instrument, type of instrument Identification code | Options to subscribe for new Ordinary shares of 0.01p each in CloudCoCo Group Plc GB00B8GRBX01 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Exercise Price: 0.175p Volume: 3,500,000 |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 2 July 2026 |
| 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.