Utilitywise plc Director / PDMR Dealings (5596P)
February 19 2016 - 3:01AM
UK Regulatory
TIDMUTW
RNS Number : 5596P
Utilitywise plc
19 February 2016
Utilitywise plc
("Utilitywise" or the "Company")
Director / PDMR Dealings - Award of LTIP Options
Utilitywise plc (AIM: UTW), the leading independent utility cost
management consultancy, announces that awards ("Awards") over
ordinary shares of 0.1 pence in the capital of the Company
("Shares") were made on
18 February 2016 to Directors of the Company under the
Utilitywise Long Term Incentive Plan ("LTIP") as follows:
Director Number of Shares
under award
--------------------------------- -----------------
Steven Attwell - Managing
Director, Enterprise Division 125,000
--------------------------------- -----------------
Jon Kempster - Chief Financial
Officer 200,000
--------------------------------- -----------------
Brin Sheridan - Chief Operating
Officer 250,000
--------------------------------- -----------------
The awards are structured as nominal cost options with an
exercise price of 0.1 pence per share.
Vesting of the Awards is subject to the satisfaction of earnings
per share and cash flow performance conditions assessed over a
three-year measurement period.
The Awards will normally vest on the later of the third
anniversary of the grant and the determination of the performance
conditions, and then will normally remain exercisable to their
vested extent until the day before the fifth anniversary of the
date of grant, provided the individual remains an employee or
officer of the Company.
On vesting the Awards may be satisfied by newly issued Shares,
subject to the share plan dilution limits, and/or by existing
Shares.
Mr Kempster also holds 350,000 LTIP options awarded in 2015 with
an exercise price of 268 pence, and 7,860 Sharesave options with an
exercise price of 229 pence under the 2014 grant.
Neither Mr Attwell nor Mr Sheridan holds any other share
options.
The Company was notified of the above transactions on 18
February 2016.
For further information please contact:
Utilitywise PLC 0330 303 0233
Geoff Thompson (CEO)
Jon Kempster (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode/ Grant Bergman (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton/ Steve Pearce
Redleaf Communications 020 7382 4730
Rebecca Sanders-Hewett/ David
Ison/ Susie Hudson
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in North Tyneside. The Group has established
trading relationships with a number of major UK energy suppliers
and provides services to its customers designed to assist them in
achieving better value out of their energy contracts, reduced
energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy
management needs. Clients range in size from single site SME's to
multinationals with thousands of sites and cover the whole of the
UK. In total, Utilitywise has c. 28,500 UK & I customers.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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