Grant of share options
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Eagle Eye, a leading SaaS and AI technology company that creates digital connections enabling personalised, real-time marketing at scale, announces that the following options over ordinary shares of 1p each in Eagle Eye ("Ordinary Shares") were granted on 14 January 2025 to the following Executive Directors and person discharging managerial responsibilities ("PDMRs") of Eagle Eye for nil cost as follows:
| Director/PDMR | Role | Number of Ordinary Shares subject to FY27 option grant | Number of Ordinary Shares subject to FY24 option grant | Total number of Ordinary Shares under option post grants | Total as % of existing issued share capital |
|---|---|---|---|---|---|
| Tim Mason | Chief Executive Officer | 92,301 | 25,819 | 1,894,268 | 6.4% |
| Steve Rothwell | Chief Information Officer | 54,505 | 14,915 | 300,732 | 1.0% |
| Lucy Sharman-Munday | Chief Financial Officer | 54,505 | 14,915 | 692,138 | 2.3% |
| Al Henderson | Chief Sales Officer | 30,199 | 6,855 | 106,398 | 0.4% |
| David Aylmer | Chief Operating Officer | 30,199 | 8,671 | 323,733 | 1.1% |
| Claire Essex-Crosby | Chief People Officer | 19,044 | 2,149 | 81,333 | 0.3% |
| James Esson | Company Secretary | 19,982 | 758 | 58,051 | 0.2% |
Granting of the above options was delayed due to ongoing negotiations on the multi-year global OEM agreement with one of the world's largest enterprise software vendors announced on 13 January 2025.
Annual grant of share options
The FY27 awards have been made under the Eagle Eye Solutions Group plc Long Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share. The awards have been granted under the current year's Long Term Incentive Plan performance criteria, vesting following completion of the three-year period ending 30 June 2027 subject to revenue and EBITDA performance criteria and the overall underlying performance of the Company. Consistent with previous awards, the number of options which vest will vary depending on the level of achievement between threshold (revenue £73.0m, EBITDA £18.0m), target and stretch (revenue £91.0m, EBITDA £22.75m) performance levels.
FY24 grant of share options
The FY24 awards have been made under the Eagle Eye Group Solutions Plc Long Term Incentive Plan scheme with an exercise price of 1p per Ordinary Share and have been granted under the current year's Long Term Incentive Plan performance criteria, fully vested following completion of the three year period ending 30 June 2024. In common with previous awards, the number of options which vested depended on the level of achievement between stretch and super stretch performance levels as previously detailed in the Company's 2022 Remuneration Committee Report.
Following the new grant of options and assuming all vesting criteria are met, the fully diluted number of Ordinary Shares would be 33,538,604; of which the total number of Ordinary Shares over which options currently issued and outstanding represent 11.7% of the fully diluted number of Ordinary Shares. This is in accordance with the Company's shareholder approved limit for shares outstanding under the Company's share option schemes at any time of a maximum of 20% of the ordinary share capital of the Company in issue at such time.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | 1. Tim Mason 2. Steve Rothwell 3. Lucy Sharman-Munday 4. Al Henderson 5. David Aylmer 6. Claire Essex-Crosby 7. James Esson | |
| 2 | Reason for the notification | ||
| a) | Position/status | 1. Chief Executive Officer 2. Chief Information Officer 3. Chief Financial Officer 4. Chief Sales Officer 5. Chief Operating Officer 6. Chief People Officer 7. Company Secretary | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Eagle Eye Solutions Group plc | |
| b) | LEI | 2138002S1AIBVVMZ7A21 | |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 1p each GB00BKF1YD83 | |
| b) | Nature of transaction | Grant of Options over Ordinary Shares pursuant to Eagle Eye Solutions Group plc Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1. Nil 2. Nil 3. Nil 4. Nil 5. Nil 6. Nil 7. Nil | 1. 118,120 2. 69,420 3. 69,420 4. 37,054 5. 38,870 6. 21,193 7. 20,740 | ||
| Aggregated information - Aggregated volume - Price | Not applicable | ||
| e) | Date of the transaction | 14 January 2025 | |
| f) | Place of the transaction | Outside of a trading venue |
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