REG - Bango PLC - Director/PDMR Shareholding
25/11/2022 17:00
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RNS Number : 6847H Bango PLC 25 November 2022
25 November 2022
Bango PLC
("Bango")
Director Share purchases via Employee Share Incentive Plan
Bango (AIM: BGO), the global platform for data driven commerce, announces that
it has established a new share incentive plan (the "SIP" or the "Plan") open
to all UK based Bango employees.
The SIP, which was entered into in November, has been adopted to support the
principles of wider share ownership among all Bango's UK based employees.
The SIP allows employees to purchase ordinary shares of 20 pence each in
Bango ("Ordinary Shares") via the SIP trustee, up to HMRC limits (currently
£1,800 in any tax year). The Ordinary Shares acquired in this manner are
referred to as "Partnership Shares" and, for each Partnership Share purchased,
participants are awarded two further free Ordinary Shares, known as a
"Matching Shares". Matching and Partnership Shares are purchased by the trust
on the open market.
Matching Shares must be held for a minimum holding period of 3 years and are
forfeited if, during that period, the employee ceases to be employed by Bango.
Several employees that participate in Plan the are also PDMRs, and therefore
their purchases under the Plan will be reported as they are made.
Initial purchase of Partnership Shares and award of Matching Shares
On 24 November 2022, the Company received notification from Equiniti Share
Plan Trustees Limited, the trustee of the SIP, that on 23 November 2022 it
purchased in aggregate 11,355 Ordinary Shares in the market at a price of 194p
per Ordinary Share on behalf of those Directors and PDMRs set out in the table
below. These individuals were awarded Matching Shares in line with the plan
rules.
Director / PDMR Title and Position Number of Partnership Shares acquired under the SIP on 23 November 2022 Number of Matching Shares acquired under the SIP on 23 November 2022 Total beneficial holding of Ordinary Shares following these acquisitions
Number of Ordinary Shares Approximate % of Company's issued share capital
Paul Larbey CEO and Director 927 1854 45,471 0.06%
Matt Garner CFO and Director 927 1854 2,781 0.004%
Ray Anderson Executive Chair and Director 927 1854 6,555,597 8.59%
Anil Malhotra CMO and Director 77 154 3,973,502 5.21%
Wayne Griffiths COO and PDMR 927 1854 2,781 0.004%
Contact Details:
Bango PLC Liberum Capital
Tel. +1223 617 387 Tel. +44 20 3100 2000
E. investors@bango.com (mailto:investors@bango.com)
Paul Larbey, CEO Cameron Duncan
Matt Garner, CFO Kate Bannatyne
Anil Malhotra, CMO Will King
Rebecca Jamieson, IR
About Bango
The world's largest online merchants, including Amazon (NASDAQ: AMZN), Google
(NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT), use Bango technology to acquire
more paying users.
Bango has developed unique purchase behavior technology that enables millions
more users to buy the products and services they want, using innovative
methods of payment including carrier billing, digital wallets and subscription
bundling. Bango harnesses this purchase activity into valuable marketing
segments, called Bango Audiences. Merchants use these audiences to target
their marketing at paying customers based on their purchase behavior. Better
targeting increases spend through the Bango payments business, in turn
generating more data insights, creating a powerful virtuous circle that drives
continuous growth. Everyone connected to the Bango Platform thrives as the
virtuous circle grows.
Bango, the technology behind every payment choice. For more information,
visit www.bangoinvestor.com (http://www.bangoinvestor.com/)
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Paul Douglas Larbey
2 Reason for notification
a) Position/Status Chief Executive Officer and Director
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bango PLC
b) LEI 213800V5MWHQCL7RF574
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 of 20 pence each
Identification code GB00B0BRN552
b) Nature of the transaction 1. Purchase of partnership shares under the SIP
2. Award of matching shares under the SIP
c) Price(s) and volume(s) Price(s) Volume(s)
1. 194p 927
2. Nil 1854
d) Aggregated information 1. Partnership shares
927
- Aggregated volume
- Price 194p
2. Matching shares
1854
Nil
e) Date of the transaction 23 November 2022
f) Place of the transaction London Stock Exchange XLON
d)
Aggregated information
- Aggregated volume
- Price
1. Partnership shares
927
194p
2. Matching shares
1854
Nil
e)
Date of the transaction
23 November 2022
f)
Place of the transaction
London Stock Exchange XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Matthew Jonathan Garner
2 Reason for notification
a) Position/Status Chief Financial Officer and Director
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bango PLC
b) LEI 213800V5MWHQCL7RF574
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 of 20 pence each
Identification code GB00B0BRN552
b) Nature of the transaction 1. Purchase of partnership shares under the SIP
2. Award of matching shares under the SIP
c) Price(s) and volume(s) Price(s) Volume(s)
1. 194p 927
2. Nil 1854
d) Aggregated information 1. Partnership shares
927
- Aggregated volume
- Price 194p
2. Matching shares
1854
Nil
e) Date of the transaction 23 November 2022
f) Place of the transaction London Stock Exchange XLON
d)
Aggregated information
- Aggregated volume
- Price
1. Partnership shares
927
194p
2. Matching shares
1854
Nil
e)
Date of the transaction
23 November 2022
f)
Place of the transaction
London Stock Exchange XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Ray Anderson
2 Reason for notification
a) Position/Status Executive Chair and Director
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bango PLC
b) LEI 213800V5MWHQCL7RF574
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 of 20 pence each
Identification code GB00B0BRN552
b) Nature of the transaction 1. Purchase of partnership shares under the SIP
2. Award of matching shares under the SIP
c) Price(s) and volume(s) Price(s) Volume(s)
1. 194p 927
2. Nil 1854
d) Aggregated information 1. Partnership shares
927
- Aggregated volume
- Price 194p
2. Matching shares
1854
Nil
e) Date of the transaction 23 November 2022
f) Place of the transaction London Stock Exchange XLON
d)
Aggregated information
- Aggregated volume
- Price
1. Partnership shares
927
194p
2. Matching shares
1854
Nil
e)
Date of the transaction
23 November 2022
f)
Place of the transaction
London Stock Exchange XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Anil Malhotra
2 Reason for notification
a) Position/Status Chief Marketing Officer and Director
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bango PLC
b) LEI 213800V5MWHQCL7RF574
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 of 20 pence each
Identification code GB00B0BRN552
b) Nature of the transaction 1. Purchase of partnership shares under the SIP
2. Award of matching shares under the SIP
c) Price(s) and volume(s) Price(s) Volume(s)
1. 194p 77
2. Nil 154
d) Aggregated information 1. Partnership shares
77
- Aggregated volume
- Price 194p
2. Matching shares
154
Nil
e) Date of the transaction 23 November 2022
f) Place of the transaction London Stock Exchange XLON
d)
Aggregated information
- Aggregated volume
- Price
1. Partnership shares
77
194p
2. Matching shares
154
Nil
e)
Date of the transaction
23 November 2022
f)
Place of the transaction
London Stock Exchange XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Wayne Griffiths
2 Reason for notification
a) Position/Status Chief Operating Officer and Director
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Bango PLC
b) LEI 213800V5MWHQCL7RF574
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 of 20 pence each
Identification code GB00B0BRN552
b) Nature of the transaction 1. Purchase of partnership shares under the SIP
2. Award of matching shares under the SIP
c) Price(s) and volume(s) Price(s) Volume(s)
1. 194p 927
2. Nil 1854
d) Aggregated information 1. Partnership shares
927
- Aggregated volume
- Price 194p
2. Matching shares
1854
Nil
e) Date of the transaction 23 November 2022
f) Place of the transaction London Stock Exchange XLON
d)
Aggregated information
- Aggregated volume
- Price
1. Partnership shares
927
194p
2. Matching shares
1854
Nil
e)
Date of the transaction
23 November 2022
f)
Place of the transaction
London Stock Exchange XLON
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