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LONDON - Checkit plc (AIM:CKT), an automated monitoring platform provider, has granted 833,333 share options to Chief Financial Officer Kris Shaw at an exercise price of 15 pence per share, according to a statement released on Thursday.
The options were issued under the Group’s existing EMI Options Scheme on June 18 and come with a 36-month vesting period. The company stated that Shaw can exercise the options only if Checkit achieves and maintains EBITDA breakeven or positive status both at the time of exercise and on average over the preceding six months.
The granted options will expire on the tenth anniversary of their issuance date.
Checkit, which describes itself as an automated monitoring platform for operational leaders, trades on London’s AIM market. The company made the announcement in accordance with UK Market Abuse Regulation requirements.
The information was disclosed in a regulatory news service announcement that included details of the transaction as required for persons discharging managerial responsibilities.
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