REG - Mind Gym PLC - Grant of Awards under the Long Term Incentive Plan
31 March 2021
Mind Gym plc
("Mind Gym" or the "Company")
Grant of Awards under the Long Term Incentive Plan
Mind Gym announces that on 31 March 2021 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. Vesting is subject to performance conditions, which will be set within the next 3 months based on revenue (45% of each award), adjusted earnings per share ("EPS") (45% of each award) and total shareholder return ("TSR") targets (10% of each award).
PDMR
Title
Type of Award
Options granted
Wei-Li Chong
President: US
Restricted stock
334,753
Janet Ahn
Chief Behavioral Science Officer
Restricted stock
146,454
Desi Kimmins
Chief Commercial Officer EMEA
Nil-cost option
144,230
Elaine Safier
Chief Digital Officer
Nil-cost options
288,461
Richard Steele
Chief Financial Officer
Nil-cost options
138,461
Keli Frazier Cox
Chief Commercial Officer US
Restricted stock
146,454
Pui-Wai Yuen
Practice Lead
Nil-cost options
53,846
Ketan Patel
Practice Lead
Restricted stock
55,792
Sarah Donovan
Practice Lead
Restricted stock
55,792
Ravi Gupta
Practice Lead
Restricted stock
76,714
Enquiries
Mind Gym plc
+44 (0) 20 7376 0626
Octavius Black (CEO)
Joanne Cash (Chair)
Richard Steele (CFO)
Liberum (Nominated Adviser and Sole Broker)
+44 (0) 20 3100 2000
Bidhi Bhoma
Joshua Hughes
Euan Brown
MHP (for media enquiries)
+44 (0) 20 3128 8572
Reg Hoare
Katie Hunt
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
334,753
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Janet Ahn
2
Reason for the notification
a)
Position/status
Chief Behavioral Science 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 restricted stock awards under the Long-Term Incentive Plan (LTIP)
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
146,454
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
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
144,230
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
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
288,461
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Richard Steele
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
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
138,461
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Keli Frazier Cox
2
Reason for the notification
a)
Position/status
Chief Commercial Officer 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
146,454
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Pui-Wai Yuen
2
Reason for the notification
a)
Position/status
Practice Lead
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
53,846
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ketan Patel
2
Reason for the notification
a)
Position/status
Practice Lead
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
55,792
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sarah Donovan
2
Reason for the notification
a)
Position/status
Practice Lead
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
55,792
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ravi Guptha
2
Reason for the notification
a)
Position/status
Practice Lead
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
76,714
d)
Aggregated information (if any)
- Aggregated volume
- Price
N/A - single transaction
e)
Date of transaction
31 March 2021
f)
Place of the transaction
Outside a trading venue
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