REG - Mind Gym PLC - Grant of Awards under the Long Term Incentive Plan

Mind GymAnnouncement

31/03/2020 16:45

RNS Number : 2879I
  
Mind Gym PLC
  
31 March 2020
  
 

31 March 2020
 
Mind Gym plc 
("Mind Gym" or the "Company")
 
Grant of Awards under the Long Term Incentive Plan
Mind Gym announces that on 31 March 2020 it has made awards to the Persons Discharging Managerial Responsibility (PDMRs) set out below over ordinary shares of 0.001 pence each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP rules, awards to PDMRs based in the UK are in the form of nil-cost options and awards to PDMRs based in the US are in the form of restricted stock. The vesting period for all awards are between three and five years and are exercisable up to the tenth anniversary of the award date or earlier if the Board decide otherwise.
 



PDMR


Title


Type of Award


Options granted




Wei-Li Chong


President: US


Restricted stock


82,723




Desi Kimmins


Chief Commercial Officer EMEA


Nil-cost option


150,000




Elaine Safier


Chief Digital Officer


Nil-cost options


250,000



 
 Enquiries
 



Mind Gym plc


+44 (0) 20 7376 0626




Octavius Black (CEO)
Joanne Cash (Chair)
Richard Steele (CFO)
 
investors@themindgym.com
 
 








Liberum (Nominated Adviser and Sole Broker)


+44 (0) 20 3100 2000




Bidhi Bhoma
Joshua Hughes
Euan Brown
 
 








Maitland/AMO (for media enquiries)   


+44 (0) 20 7379 5151




Al Loehnis
Sam Cartwright
 
mindgym-maitlandamo@maitland.co.uk







 
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


Wei-Li Chong




2


Reason for the notification




a)


Position/status


President: US




b)


Is this an initial notification or an amendment to a prior notification?


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Mind Gym plc




b)


LEI


213800ER1PA5QSNKIL80




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
 
Identification code


 
Ordinary Shares of  0.001 pence each
 
ISIN: GB00BF3SQB83




b)


Nature of the transaction


Grant of restricted stock awards under the Long-Term Incentive Plan (LTIP)




c)
 


Price(s) and volume(s)
 
 


 



Price(s)


Volume(s)




Nil


82,723








d)
 


Aggregated information (if any)
 
- Aggregated volume
 
- Price


 
 
N/A - single transaction
 
 




e)


Date of transaction


31 March 2020




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Desi Kimmins




2


Reason for the notification




a)


Position/status


Chief Commercial Officer EMEA




b)


Is this an initial notification or an amendment to a prior notification?


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Mind Gym plc




b)


LEI


213800ER1PA5QSNKIL80




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
 
Identification code


 
Ordinary Shares of  0.001 pence each
 
ISIN: GB00BF3SQB83




b)


Nature of the transaction


Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)




c)
 


Price(s) and volume(s)
 
 


 



Price(s)


Volume(s)




Nil


150,000








d)
 


Aggregated information (if any)
 
- Aggregated volume
 
- Price


 
 
N/A - single transaction




e)


Date of transaction


31 March 2020




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Elaine Safier




2


Reason for the notification




a)


Position/status


Chief Digital Officer




b)


Is this an initial notification or an amendment to a prior notification?


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Mind Gym plc




b)


LEI


213800ER1PA5QSNKIL80




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
 
Identification code


 
Ordinary Shares of  0.001 pence each
 
ISIN: GB00BF3SQB83




b)


Nature of the transaction


Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)




c)
 


Price(s) and volume(s)
 
 


 



Price(s)


Volume(s)




Nil


250,000








d)
 


Aggregated information (if any)
 
- Aggregated volume
 
- Price


 
 
N/A - single transaction




e)


Date of transaction


31 March 2020




f)


Place of the transaction


Outside a trading venue



 


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