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

Mind GymAnnouncement

20/03/2023 07:00

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RNS Number : 4420T  Mind Gym PLC  20 March 2023

20 March 2023

 

Mind Gym plc

("Mind Gym" or the "Company")

 

Grant of award under the Long Term Incentive Plan

Mind Gym (AIM: MIND) announces that on 21 July 2022, Dominic Neary, Chief
Financial Officer and a Director of the Company, was awarded 183,333 nil-cost
options over ordinary shares of 0.001 pence each in the Company under the
Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP
rules, such award has a vesting period between three and five years and is
exercisable up to the tenth anniversary of the award date or earlier if the
Board decides otherwise. Vesting is subject to performance conditions, which
have been set based on revenue (75% of the award) and earnings before
interest, tax, depreciation and amortisation ("EBITDA") (25% of the award).

 

The details of the award are set out below:

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                                      Dominic Neary
 2    Reason for the notification
 a)   Position/status                                                           Chief Financial 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

                                                                                Ordinary Shares of 0.001 pence each

      Identification code

                                                                                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       183,333

 d)   Aggregated information (if any)

      - Aggregated volume                                                       N/A - single transaction

      - Price
 e)   Date of transaction                                                       21 July 2022
 f)   Place of the transaction                                                  Outside a trading venue

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

 

 

e)

Date of transaction

21 July 2022

f)

Place of the transaction

Outside a trading venue

 

 

 Enquiries

 

 Mind Gym plc                                                 +44 (0) 20 7376 0626
 Dominic Neary (CFO)

 investors@themindgym.com (mailto:investors@themindgym.com)

 Liberum (Nominated Adviser and Broker)                       +44 (0) 20 3100 2000
 Nick How

 Edward Mansfield

 Cara Murphy

 MHP                                                          +44 (0) 20 3128 8004
 Reg Hoare

 Katie Hunt

 Veronica Farah

 mindgym@mhpgroup.com (mailto:mindgym@mhpgroup.com)

 

 

About Mind Gym

Mind Gym is a company that delivers business improvement solutions using
scalable, proprietary products which are based on behavioural science. The
Group operates in three global markets: business transformation, human capital
management and learning & development.

Mind Gym is listed on the London Stock Exchange Alternative Investment Market
(ticker: MIND) and headquartered in London. The business has offices in
London, New York and Singapore.

Further information is available at www.themindgym.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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