Grant of Options under Company Share Option Plan
Source: RNS5 May 2020
The Panoply Holdings PLC
("The Panoply", or the "Group")
Grant of Options under Company Share Option Plan
The Panoply Holdings PLC, a digitally native technology services group, today announces that it has today agreed to grant options over 830,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") (the "Options"). These options have been granted to participating employees under the rules of the Panoply Holdings PLC Company Share Option Plan (the "Share Scheme"). No director/PDMR has been granted options.
The purpose of the Company Share Option Plan is to retain existing employees and recruit, retain and motivate high quality employees in the future. The grant includes options that are conditional upon meeting certain performance targets. The Options are exercisable at a price of 82p pence per share and will vest between 31 March 2022 and 31 March 2025.
Following the issue of these Options there will be options over a total of 4,512,149 Ordinary Shares representing 8.2 per cent of the current issued share capital of the Company.
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About The Panoply
The Panoply is a digitally native technology services company, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses across Europe, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.
More information is available at www.thepanoply.com
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