TIDMINX

RNS Number : 5918B

i-nexus Global PLC

03 October 2022

3 October 2022

i-nexus Global plc

("i-nexus", the "Company" or the "Group")

Grant of LTIP options

i-nexus Global plc (AIM: INX), a leading provider of cloud-based strategy software solutions designed for the Global 5000, announces that on 3 October 2022 awards were granted in the form of options over ordinary shares of GBP0.10 each in the capital of the Company ("Ordinary Shares") under the Company's Long Term Investment Plan ('LTIP') to the following Directors. Each option has an exercise price per Ordinary Share equal to the nominal value of an Ordinary Share.

 
 First (Financial year 2023) 
  allocation 
  Simon Crowther (CEO)            257,273 
  Drew Whibley (CFO)               138,987 
 
 Second (Financial year 2024) 
  allocation 
  Simon Crowther (CEO)            260,230 
  Drew Whibley (CFO)               138,987 
                                ---------- 
 

The vesting of the LTIP options is conditional upon retaining employment with the Company at the date of vesting and achieving agreed monthly recurring revenue targets for the respective years and is subject to approval from the Company's remuneration committee. Vesting will be confirmed following certification by the auditors of closing MRR for the relevant financial year.

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                    1. Simon Crowther 
                                               2. Drew Whibley 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                         1. Director 
                                               2. Director 
     ---------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment     Initial notification 
     ---------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                               i-nexus Global plc 
     ---------------------------------  ------------------------------------ 
 b)   LEI                                213800QGMSEXNLYTU2g2 
     ---------------------------------  ------------------------------------ 
 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       Options over Ordinary Shares 
       instrument, type of instrument     of 10 pence each 
     ---------------------------------  ------------------------------------ 
 b)   Identification code                ISIN: GB00BDFDLT01 
     ---------------------------------  ------------------------------------ 
 c)   Nature of the transaction          Grant of options under Long 
                                          Term Investment Plan 
     ---------------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)              Price         Number of Ordinary 
                                                          Shares over which 
                                                          Options have 
                                                          been granted 
                                               1. n/a        1. 517,503 
                                               2. n/a        2. 277,974 
     ---------------------------------  ------------------------------------ 
 e)        Aggregated information        n/a 
             *    Aggregate volume 
 
 
             *    Price 
     ---------------------------------  ------------------------------------ 
 f)   Date of the transaction            3 October 2022 
     ---------------------------------  ------------------------------------ 
 g)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 Name of authorised official             Drew Whibley, Company Secretary, 
  of issuer responsible for making        i-nexus Global plc 
  notification: 
                                        ------------------------------------ 
 

For further information please contact:

 
 i-nexus Global plc                       Via: Alma PR 
  Simon Crowther, CEO 
  Drew Whibley, CFO 
 Singer Capital Markets (Nominated        Tel: +44 (0)207 496 
  Adviser and Broker)                      3000 
  Sandy Fraser / Alaina Wong (Corporate 
  Finance) 
  Tom Salvesen (Corporate Broking) 
 Alma PR                                  Tel: +44 (0)203 405 
  Caroline Forde                           0205 
 

About i-nexus Global plc

i-nexus Global plc ("i-nexus") helps organisations achieve their goals. Whether executing a strategy, driving operational excellence and continuous performance improvement, or coordinating portfolios and programs to transform results, i-nexus strategy execution software underpins success.

Today, we support organisations in managing over 200,000 strategic programmes around the world.

i-nexus transforms how organisations plan, execute, and track goals. We inspire the confidence to leave behind the spreadsheets, presentations and reports those organisations rely on, replacing it with a cloud-based, collaborative solution.

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END

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(END) Dow Jones Newswires

October 03, 2022 08:31 ET (12:31 GMT)

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