GLASGOW - Beeks Financial Cloud Group plc (AIM: BKS), a provider of cloud computing and connectivity for financial markets, has granted options for 1.4 million ordinary shares under its employee share option plan. The announcement was made today, detailing that Chief Financial Officer Fraser McDonald received options for 55,000 shares, with additional options for 1,345,000 shares distributed among other employees.
The share options for McDonald, as well as those for other employees, come with vesting periods ranging from two to three years and are contingent upon meeting specified performance criteria. The exercise price for these options is set at £0.00125.
This move is part of the company's efforts to incentivize key personnel and align their interests with the long-term success of the company. The granting of options is a common practice in the corporate world to retain and motivate employees, as well as to potentially increase shareholder value through enhanced company performance driven by vested stakeholders.
The granted options to the CFO are classified as a transaction involving a person discharging managerial responsibilities (PDMR), requiring public disclosure under market rules. The transaction took place outside of a trading venue and is part of an initial notification.
The details of the transaction have been made public in accordance with the regulations governing financial markets, providing transparency to shareholders and the market at large. This announcement is based on a press release statement issued by Beeks Financial Cloud Group plc.
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