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CHECKIT PLC
Director's Dealing • Feb 22, 2021
7560_dirs_2021-02-22_580e154e-f3eb-498c-88b2-69faf061e8ae.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8116P
Checkit PLC
22 February 2021
Checkit plc
("Checkit" or the "Group")
Grant of options and PDMR dealings
Checkit plc (AIM:CKT) announces that, on 19 February 2021, it granted options over ordinary shares of 5 pence each ("Ordinary Shares") to certain PDMRs to subscribe for, in aggregate, up to 455,000 Ordinary Shares under the Group's EMI and US Options Schemes (the "Options").
Options granted under both the EMI Options Scheme and US Options Scheme are exercisable after a three-year holding period and there are no performance conditions. Options granted under these schemes expire on the tenth anniversary of the date of grant.
Following the above award of the Options, the total options outstanding are as follows:
| Date of award |
Exercise price | Number of options | Earliest exercise date | % of issued share capital |
| July 2020 | 40.5p | 2,645,000 | July 2023 | 4.24% |
| February 2021 | 55.5p | 1,585,000 | February 2024 | 2.54% |
| February 2021 | 55.0p | 455,000 | February 2024 | 0.73% |
| TOTAL | 4,685,000 | 7.50% |
Director/PDMR Dealings
Included within the above, the Options granted to certain Directors and PDMRs of the Group are as follows:
| Director / PDMR | Number of new Options granted |
| Kit Kyte, Chief Commercial Officer | 227,500 |
| Stephen Peck, US Managing Director | 227,500 |
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
| Checkit plc | +44 (0) 1223 371 000 |
| www.checkit.net | |
| Keith Daley (Executive Chairman) | |
| Michelle Ho (Company Secretary) | |
| N+1 Singer (Nominated Adviser & Broker) | +44 (0) 20 7496 3000 |
| Shaun Dobson / George Tzimas (Corporate Finance) | |
| Rachel Hayes (Corporate Broking) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Kit Kyte | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Commercial Officer (PDMR) | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Checkit plc | |||
| b) | LEI | 213800556WJOWQNT2R68 | |||
| 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 | Ordinary Shares of 5 pence each | |||
| Identification code | ISIN: GB00B0C5RG72 | ||||
| b) | Nature of the transaction | Grant of options over Ordinary Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Exercisable at 55.0 pence per Ordinary Share | 227,500 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 19 February 2021 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Stephen Peck | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | US Managing Director (PDMR) | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Checkit plc | |||
| b) | LEI | 213800556WJOWQNT2R68 | |||
| 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 | Ordinary Shares of 5 pence each | |||
| Identification code | ISIN: GB00B0C5RG72 | ||||
| b) | Nature of the transaction | Grant of options over Ordinary Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Exercisable at 55.0 pence per Ordinary Share | 227,500 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 19 February 2021 | |||
| f) | Place of the transaction | Outside a trading venue |
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