ARCONTECH GROUP PLC
(“Arcontech”, the “Company” or the “Group”)
Grant of Options and Director/PDMR Shareholdings
Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that on 25 April 2017, the Company granted options (“Options”) over a total of 230,397 ordinary shares in the capital of the Company (“Ordinary Shares”) pursuant to the Arcontech Group plc Share Option Scheme. Of these Options, 135,397 were granted to Persons Discharging Managerial Responsibilities (“PDMRs”) on behalf of the Company, with 95,000 granted to other employees.
The Options are exercisable at 64.5 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 24 April 2017, the last dealing day prior to the grant of the Options. The Options shall vest and may be exercised at any time on or after 25 April 2020, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Arcontech Group plc
020 7256 2300
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director
Michael Levy – Group Finance Director and Company Secretary
finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks
To access more information on the Group please visit: http://www.arcontech.com