Grant of Awards & PDMR Dealing
Cirata plc announced on April 20, 2026, the grant of share options to key executives, including CEO Stephen Kelly (354,617 options), CTO Paul Scott Murphy (60,000 options), and CRO Dominic Arcari (93,750 options), all with an exercise price of 16.9p, reflecting the 60-day volume weighted average price. These awards, which carry no performance conditions, are intended to align leadership with shareholder interests and are part of the company-wide FY25 bonus. Following these grants, Stephen Kelly's total beneficial interest in options and shares increases to 3.62% of issued share capital, Dominic Arcari's to 0.60%, and Paul Scott Murphy's to 1.03%.
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Cirata (LSE: CRTA) announces that on 20 April 2026, a grant of awards was made to Stephen Kelly (CEO), Paul Scott Murphy (CTO) and Dominic Arcari (CRO) under the Company's Share Options Plan (as amended and restated) (together, the "Awards").
The Company's Remuneration Committee has approved the Awards in relation to the Company wide FY25 bonus and regards long term incentives as an important part of the remuneration of members of the leadership team to align them with shareholder interests. The Awards are set out in further detail below.
The exercise price of the Awards is 16.9p (equal to the 60-day volume weighted average price to 14 April 2026) and carry no performance conditions.
Options granted as part of the Awards:
| Name | Position | Number of Options Granted | % of Issued Share capital [1] | Exercise price | Vesting Date | |||||
| Stephen Kelly | Chief Executive Officer | 354,617 | 0.28% | 16.9p | 20 April 2026 | |||||
| Dominic Arcari | Chief Revenue Officer | 93,750 | 0.07% | 16.9p | 20 April 2026 | |||||
| Paul Scott Murphy | Chief Technology Officer | 60,000 | 0.05% | 16.9p | 20 April 2026 | |||||
| Resulting beneficial interest in options and shares: | ||||||||||
| Name | Position | Total Interest in Options | % of Issued Share Capital | Total Interest in Ordinary Shares | % of Issued Share Capital 1 | Total % of ISC | ||||
| Stephen Kelly | Chief Executive Officer | 2,754,617 | 2.18% | 1,820,841 | 1.44% | 3.62% | ||||
| Dominic Arcari | Chief Revenue Officer | 743,750 | 0.59% | 14,500 | 0.01% | 0.60% | ||||
| Paul Scott Murphy | Chief Technology Officer | 1,285,000 | 1.02% | 22,907 | 0.02% | 1.03% | ||||
| a) | Name | Stephen Kelly | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | CEO | ||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||
| a) | Name | Cirata plc | ||||||||
| b) | LEI | 213800Y1A75RSC698O04 | ||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 10p each ISIN: JE00B6Y3DV84 | ||||||||
| b) | Nature of the transaction | Grant of Share options | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information | n/a | ||||||||
| e) | Date of the transaction | 20 April 2026 | ||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | Dominic Arcari | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | CRO | ||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||
| a) | Name | Cirata plc | ||||||||
| b) | LEI | 213800Y1A75RSC698O04 | ||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 10p each ISIN: JE00B6Y3DV84 | ||||||||
| b) | Nature of the transaction | Grant of Share options | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information | n/a | ||||||||
| e) | Date of the transaction | 20 April 2026 | ||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | Paul Scott Murphy | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | CTO | ||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||
| a) | Name | Cirata plc | ||||||||
| b) | LEI | 213800Y1A75RSC698O04 | ||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 10p each ISIN: JE00B6Y3DV84 | ||||||||
| b) | Nature of the transaction | Grant of Share options | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information | n/a | ||||||||
| e) | Date of the transaction | 20 April 2026 | ||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||
[1] Issued share capital as at 17 April 2026 consisted of 126,447,055 ordinary shares of ten pence per share each with voting rights admitted to trading. The Company holds no ordinary shares in Treasury.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.