Sopheon, the international provider of software and services for Enterprise Innovation Management solutions, announces that, following the exercise of options by an employee, it has allotted 15,112 new Ordinary Shares of 20 pence each in the Company (“Ordinary Shares”). Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 26 May 2022.
Greg Coticchia, the Company’s CEO, acquired 5,100 of these shares at a price of £5.45 per share being the closing price on Friday 20 May 2022. Following this transaction, Mr Coticchia’s total beneficial interest in Ordinary Shares is 5,100 Ordinary Shares. The remaining 10,012 shares were purchased by the Company’s Employee Benefit Trust.
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. The total number of Ordinary Shares in issue following Admission will be 10,610,104. The Company does not hold any shares in treasury. Accordingly, the figure of 10,610,104 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information contact:
| Andy Michuda (Executive Chairman) Arif Karimjee (CFO) |
Sopheon plc | + 44 (0) 1276 919 560 |
| Carl Holmes/ Edward Whiley (Corporate Finance) Alice Lane (ECM) |
finnCap | + 44 (0) 20 7220 0500 |
About Sopheon
Sopheon (LSE: SPE) partners with customers to provide complete Enterprise Innovation Management solutions, including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability. Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management, and resource planning. Sopheon's solutions have been implemented by over 250 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange.