Grant of Options
Eleco Plc announced on June 1, 2026, that its Remuneration Committee granted 925,000 new nominal cost share options on May 29, 2026, to be exercised up to May 29, 2036, subject to performance criteria related to revenue, profit, and share price growth. Of these, 250,000 options were granted to CEO Jonathan Hunter and 200,000 to CFO Neil Pritchard, with other PDMRs and employees receiving the remaining 105,000 and 370,000 options respectively. Following this grant, Eleco has 4,845,000 options outstanding, representing approximately 5.74% of the issued share capital.
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Eleco plc (AIM: ELCO), the specialist software provider for the built environment, announces that on 29 May 2026 the Remuneration Committee granted a total of 925,000 new share options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") in the Company. All of the Options are nominal cost options.
Following this grant of Options, Eleco has options outstanding over 4,845,000Ordinary Shares, representing approximately 5.74 per cent. of the Company's issued share capital.
Of the 925,000 Options, 250,000 Options were granted to Jonathan Hunter, CEO, and 200,000 Options were granted to Neil Pritchard, CFO. All of the Options shall vest after 3 years if certain performance criteria related to growth in revenue, profit and share price are met. To fully vest, Eleco will need to deliver significant growth from current levels. The Options are also subject to the recipient remaining in continuous employment with the Group and standard change of control provisions governed by the Eleco 2014 Share Option Plan.
105,000 Options were granted to other PDMRs of the Company as set out below and 370,000 Options were granted to various other employees of the Company. All of these Options are nominal cost options that shall vest after 3 years if performance related to share price growth is met.
| Director/PDMR | Options granted on 29 May 2026 | Total options held post grant |
|---|---|---|
| Jonathan Hunter | 250,000 | 1,175,000 |
| Neil Pritchard | 200,000 | 800,000 |
| Mark Chapman | 25,000 | 185,000 |
| Richard Fletcher | 40,000 | 115,000 |
| Alex Gheboianu | 40,000 | 165,000 |
The Options are issued under the Eleco 2014 Share Option Plan and are exercisable up to 29 May 2036, subject to the achievement of the performance criteria.
For further information please visit www.eleco.com.
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Jonathan Hunter | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Executive Officer | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Eleco plc | |
| b) | LEI | 21380016GT9Z6ZQX4T37 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | ELCO GB0003081246 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of 1p | 250,000 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 29 May 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Neil Pritchard | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Financial Officer | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Eleco plc | |
| b) | LEI | 21380016GT9Z6ZQX4T37 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | ELCO GB0003081246 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of 1p | 200,000 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 29 May 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Mark Chapman | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Head of Innovation / PDMR | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Eleco plc | |
| b) | LEI | 21380016GT9Z6ZQX4T37 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | ELCO GB0003081246 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of 1p | 25,000 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 29 May 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Richard Fletcher | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Revenue Officer / PDMR | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Eleco plc | |
| b) | LEI | 21380016GT9Z6ZQX4T37 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | ELCO GB0003081246 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of 1p | 40,000 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 29 May 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||
| a) | Name | Alex Gheboianu | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Technology Officer / PDMR | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Eleco plc | |
| b) | LEI | 21380016GT9Z6ZQX4T37 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | ELCO GB0003081246 | ||
| b) | Nature of the transaction | Grant of options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Exercise price of 1p | 40,000 | ||
| d) | Aggregated information: Aggregated volume Price | n/a | |
| e) | Date of the transaction | 29 May 2026 | |
| f) | Place of the transaction | Outside of a trading venue |
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