31 December 2024
NETCALL PLC
("Netcall", the "Company" or the "Group")
Establishment of New Long-Term Incentive Plan
Exercise of Options and Director Dealing
Netcall plc (AIM:NET), a leading provider of intelligent automation and customer engagement software, announces the establishment of a new long-term incentive plan (the "2024 LTIP") and the granting of awards pursuant to the LTIP.
The Board recognises the importance of equity incentive schemes as a means to incentivise the Company's executive board members, wider senior management team and employees ("Participants"), ensuring alignment with the objectives of the Group and its shareholders. The 2024 LTIP has been established to encourage long-term value creation for the Company's stakeholders and to align the interests of the Participants with shareholders. Awards made under the LTIP are in the form of nominal cost share options subject to the achievement of certain performance criteria ("LTIP Awards").
LTIP Awards
The Company announces that on 30 December 2024 it granted options ("Options") over ordinary shares of 5p each in the Company ("Ordinary Shares") to certain directors of the Company ("Directors") as set out in the table below:
| Name of Director | Position | Number of existing Options | Number of new Options granted | Total Options now held |
| Mr. James Ormondroyd | Chief Executive Officer | 0 | 4,100,000 | 4,100,000 |
| Mr. Richard Hughes | Chief Financial Officer | 0 | 1,200,000 | 1,200,000 |
The Options have been granted under the 2024 LTIP and have an exercise price of 5 pence. The Options are exercisable from 30 December 2026 until 30 June 2032 and are subject to certain performance and vesting criteria. The performance criteria include the achievement of various share price hurdles based on the average share price over 50 business days starting at £1.06 up to a maximum share price of £2.40 and other customary corporate events. The LTIP Awards are subject to a two-year lock-in period from the date of vesting.
Following the grant of the Options, the total number of Ordinary Shares under option held by the Directors which could be issued if all of the performance criteria are met is 5,300,000 Ordinary Shares, representing approximately 3.2% per cent. of the current issued share capital of the Company.
For further enquiries, please contact:
| Netcall plc | Tel. +44 (0) 330 333 6100 |
| James Ormondroyd, CEO Henrik Bang, Non-Executive Chair Richard Hughes, CFO |
|
| |
|
| Canaccord Genuity Limited (Nominated Adviser and Joint Broker) | Tel. +44 (0) 20 7523 8000 |
| Simon Bridges / Andrew Potts |
|
| |
|
| Singer Capital Markets (Joint Broker) | Tel. +44 (0) 20 7496 3000 |
| Charles Leigh-Pemberton / Asha Chotai |
|
|
|
|
| Alma Strategic Communications | Tel. +44 (0) 20 3405 0205 |
| Caroline Forde / Hilary Buchanan / Emma Thompson | |
About Netcall
Netcall's Liberty software platform with Intelligent Automation and Customer Engagement solutions helps organisations digitally transform their businesses faster and more efficiently, empowering them to create a leaner, more customer-centric organisation.
Netcall's customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts and leading corporates including Legal and General, Lloyds Banking Group, Aon and Santander.
For further information, please go to www.netcall.com.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | James Ormondroyd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | Netcall plc | ||||
| b) | LEI | 213800GZHEAA98QBJY98 | ||||
| 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 | ||||
| Identification code | GB0000060532 | |||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: Aggregated volume Price | 4,100,000 shares at an exercise price of 5 pence per Ordinary Share | ||||
| e) | Date of the transaction | 30 December 2024 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Richard Hughes | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | Netcall plc | ||||
| b) | LEI | 213800GZHEAA98QBJY98 | ||||
| 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 | ||||
| Identification code | GB0000060532 | |||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: Aggregated volume Price | 1,200,000 Ordinary Shares at an exercise price of 5 pence per Ordinary Share | ||||
| e) | Date of the transaction | 30 December 2024 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
