CRTA.L

Cirata plc
Cirata PLC - Grant of Share Options to PDMRs
1st November 2024, 07:00
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RNS Number : 4959K
Cirata PLC
01 November 2024
 

1 November 2024

 

Cirata plc

("Cirata" or the "Company")

Grant of Share Options to PDMRs

 

 

 

 

Cirata plc (LSE: CRTA), announces that on 31 October 2024 it awarded a total of 275,000 options to acquire ordinary shares of 10 pence per share ("Options") to the following persons discharging managerial responsibilities ("PDMR") under the 2023 Cirata plc Amended and Restated Share Option Plan, as follows:

 

All new options were granted at an exercise price of 30 pence per share.

 

 

PDMR

Number of new Options

Total Options Held post new award

% of Issued share capital[1]

 

Vesting

Paul Scott-Murphy, CTO

75,000

455,000

0.36%

3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter

Ricardo Moura, Interim CFO

50,000

50,000

0.04%

1-year vesting schedule; all options vest on first anniversary

Hayley Fisher, VP People

50,000

200,000

0.16%

3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter

Brian Kilpatrick, Engineering Director

50,000

68,330

0.05%

3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter

Chris Cochran, CRO Americas

50,000

220,856

0.18%

3-year vesting schedule; 1/3 on first anniversary, quarterly vesting thereafter

 

 

The Company's Remuneration Committee has approved the awards and regards long term incentives as an important part of the remuneration of members of the leadership team to align them with shareholder interests.

 

[1] The issued share capital as at 31 October 2024 consisted of 125,936,463 ordinary shares of ten pence each with voting rights admitted to trading. The Company holds no ordinary shares in Treasury.

 

This announcement contains information that qualifies or may qualify as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

 

The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary. 

 

 

For further information, please contact: 

 

Cirata

+1 (925) 380 1728

Stephen Kelly, Chief Executive Officer


Ricardo Moura, Interim Chief Financial Officer


Daniel Hayes, Investor Relations




FTI Consulting

+44 (0)20 3727 1137

Matt Dixon / Kwaku Aning / Usama Ali




Stifel (Nomad and Joint Broker)

+44 (0)20 7710 7600

Fred Walsh / Ben Good / Sarah Wong




Panmure Liberum (Joint Broker)

+44 (0)20 3100 2000

Max Jones / John More


 

 

About Cirata

 

Cirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com

 

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of MAR.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Scott-Murphy

2

Reason for the notification

a)

Position/status

Chief Technology Officer (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares 10p each

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

30 pence

75,000

d)

Aggregated information

n/a

e)

Date of the transaction

 31 October 2024

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ricardo Moura

2

Reason for the notification

a)

Position/status

Interim CFO (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 1 year

c)

Price(s) and volume(s)

Price(s)

Volume(s)

30 pence

50,000

d)

Aggregated information

n/a

e)

Date of the transaction

31 October 2024

f)

Place of the transaction

Outside a trading venue

  

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Hayley Fisher

2

Reason for the notification

a)

Position/status

VP People (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

30 pence

50,000

d)

Aggregated information

n/a

e)

Date of the transaction

31 October 2024

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Brian Kilpatrick

2

Reason for the notification

a)

Position/status

Engineering Director (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

30 pence

50,000

d)

Aggregated information

n/a

e)

Date of the transaction

31 October 2024

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Cochran

2

Reason for the notification

a)

Position/status

Chief Revenue Officer Americas (PDMR for notification) 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cirata plc

b)

LEI

213800Y1A75RSC698O04

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares 10p each

 

 

ISIN: JE00B6Y3DV84

b)

Nature of the transaction

Grant of Share options - vesting over 3 years

c)

Price(s) and volume(s)

Price(s)

Volume(s)

30 pence

50,000

d)

Aggregated information

n/a

e)

Date of the transaction

31 October 2024

f)

Place of the transaction

Outside a trading venue

 

 


 

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