Share Options-SMARTSPACE SOFTWARE PLC

Share Options-SMARTSPACE SOFTWARE PLC

Grant of, amendment of, and cancellation and re-issue of, PDMR Share Options

SmartSpace Software Plc, (AIM:SMRT) the leading provider of 'Integrated Space Management Software' for smart buildings and commercial spaces, announces the grant of, amendment of, and cancellation and re-issue of, Share Options held by Frank Beechinor (Chief Executive Officer), Kristian Shaw (Chief Financial Officer), and Hadleigh Ford (SwipedOn Managing Director) as detailed in the tables below.

Cancelled and re-issued options

Number of options cancelled

Strike price of cancelled options

Normal first vesting date of cancelled options

Number of options re-issued

Strike price of re-issued options

Normal first vesting date of re-issued options

Frank Beechinor

323,943

94.0 pence

17-Oct-2023

323,943

44.0 pence

9 August 2026

Frank Beechinor

100,000

92.0 pence

17-Oct-2023

100,000

44.0 pence

9 August 2026

Frank Beechinor

338,950

137.5 pence

22-Sep-2024

338,950

44.0 pence

9 August 2026

Kristian Shaw

50,000

92.5 pence

23-Oct-2023

50,000

44.0 pence

9 August 2026

Kristian Shaw

125,000

137.5 pence

22-Sep-2024

125,000

44.0 pence

9 August 2026

Amended options

Number of options Amended

Strike price before amendment

Normal first vesting date before amendment

Revised strike price

Revised normal first vesting date

Hadleigh Ford

200,000

92.5 pence

23-Oct-2023

44.0 pence

9 August 2026

New options

Number of options issued

Strike price of options

Normal first vesting date

Kristian Shaw

200,000

44.0 pence

9 August 2026

Hadleigh Ford

200,000

44.0 pence

9 August 2026

All new, amended, and re-issued options have an exercise price of 44.0 pence per Ordinary Share, will vest three years from the date of grant or amendment, and once vested, are exercisable at any time up to ten years after the date of first grant. The options do not carry any performance criteria aside from continuous employment and are subject to other customary terms and conditions.

Guy van Zwanenberg, Chairman of SmartSpace commented:

"Our remuneration strategy focuses on ensuring our key management are motivated to deliver growth and success for SmartSpace and its shareholders. With finite cash resources, rebasing and issuing new options allows us to combine reward for past performance with incentivisation for future growth, whilst not depleting the cash funds that will be used to drive the growth of the business."

 

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