IDOX PLC Vesting of LTIP (9065H)
March 15 2018 - 1:17PM
UK Regulatory
TIDMIDOX
RNS Number : 9065H
IDOX PLC
15 March 2018
15 March 2018
Idox plc
("Idox" or "the Group")
Vesting of LTIP
Idox plc (AIM: IDOX), a leading supplier of specialist
information management solutions and services, announces that the
Board has revised the vesting date of Richard Kellett-Clarke's 2016
award under the Company's long term incentive plan to 14 March
2018. The award has now vested in full and has been satisfied by
the issue of 1,900,000 ordinary shares of 1 pence each ("Ordinary
Shares" and "LTIP Shares") to Mr Kellett-Clarke. The LTIP Shares
are subject to lock in until 9 November 2019, however sufficient
shares may be sold to discharge the tax liability arising. There
are no other awards outstanding under the 2016 long term incentive
plan.
Application will be made to the London Stock Exchange for the
1,900,000 new Ordinary Shares, which will rank pari passu with the
existing shares in issue, to be admitted to trading on AIM and
admission is expected to become effective on or around 21 March
2018.
Following the issue of the new Ordinary Shares, the Company's
total issued share capital is 416,364,265 Ordinary Shares. The
Company holds 1,491,219 Ordinary Shares in treasury. Therefore the
total number of Ordinary Shares in issue excluding shares held in
treasury is 414,873,046. The above figure of 414,873,046 Ordinary
Shares may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Enquiries:
Idox plc +44 (0) 870 333 7101
Laurence Vaughan, Non-Executive Chairman
Richard Kellett-Clarke, Interim Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson / Liz Yong
MHP Communications (Financial PR) +44 (0) 20 3128 8100
Reg Hoare / Charlie Barker idox@mhpc.com
About Idox plc
Idox plc is a supplier of specialist information management
solutions and services to the public sector and to highly regulated
asset intensive industries around the world in the wider corporate
sector.
The Group employs over 840 staff located in the UK, North
America, Europe, India and Australia. For more information see
www.idoxplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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