REG - Mind Gym PLC - Grant of Awards under the Long Term Incentive Plan
27/07/2023 07:15
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RNS Number : 3244H Mind Gym PLC 27 July 2023
27 July 2023
Mind Gym plc
("Mind Gym" or the "Company)
Grant of Awards under the Long Term Incentive Plan
Mind Gym announces that on 26 July 2023 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
in the US are in the form of restricted stock. The vesting period for all
awards is three years and they are exercisable up to the tenth anniversary of
the award date or earlier if the Board decide otherwise. Vesting is subject
to performance conditions based on Revenue (70% of each award) and EBITDA (30%
of each award) targets.
PDMR Title Type of Award Options Granted
Dominic Neary Chief Financial Officer Nil-Cost Option 461,552
Janet Ahn President, Americas Restricted Stock 715,585
Crystal Metcalfe Managing Director, EMEA Nil-Cost Option 415,397
David Lush Chief Technology Officer Nil-Cost Option 332,317
Cindy Steagall Executive Vice President, Americas Restricted Stock 572,468
Enquiries
Mind Gym plc +44 (0) 20 7376 0626
Octavius Black (CEO) investors@themindgym.com (mailto:investors@themindgym.com)
Dominic Neary (CFO)
Liberum (Nominated Adviser and Sole Broker) +44 (0) 20 3100 2000
Nicholas How
Edward Mansfield
Cara Murphy
MHP (for media enquiries) +44 (0) 20 3128 8793
Reg Hoare mindgym@mhpgroup.com (mailto:mindgym@mhpgroup.com)
Katie Hunt
Veronica Farah
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 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 461,552
d) Aggregated information (if any)
- Aggregated volume N/A - single transaction
- Price
e) Date of transaction 26 July 2023
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
26 July 2023
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 President, Americas
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 restricted stock awards under the Long-Term Incentive Plan (LTIP)
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 715,585
d) Aggregated information (if any)
- Aggregated volume N/A - single transaction
- Price
e) Date of transaction 26 July 2023
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
26 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Crystal Metcalfe
2 Reason for the notification
a) Position/status Managing Director, 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
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 415,397
d) Aggregated information (if any)
- Aggregated volume N/A - single transaction
- Price
e) Date of transaction 26 July 2023
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
26 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Lush
2 Reason for the notification
a) Position/status Chief Technology 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 332,317
d) Aggregated information (if any)
- Aggregated volume N/A - single transaction
- Price
e) Date of transaction 26 July 2023
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
26 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Cindy Steagall
2 Reason for the notification
a) Position/status Executive Vice President, Americas
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 restricted stock awards under the Long-Term Incentive Plan (LTIP)
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 572,468
d) Aggregated information (if any)
- Aggregated volume N/A - single transaction
- Price
e) Date of transaction 26 July 2023
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
26 July 2023
f)
Place of the transaction
Outside a trading venue
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