REG - Mind Gym PLC - Grant of SAYE Options

Mind GymAnnouncement

18/07/2022 09:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220718:nRSR7871Sa&default-theme=true

RNS Number : 7871S  Mind Gym PLC  18 July 2022

18 July 2022

 

MindGym plc

("MindGym" or the "Company")

 

Grant of SAYE Options

MindGym (AIM: MIND), the global provider of human capital and business
improvement solutions, is pleased to announce that it has launched the fourth
year of a Save As You Earn Scheme (the "SAYE Scheme") for all eligible
employees in the UK and Singapore.

 

Eligible employees were invited to subscribe for options ("Options") over the
Company's ordinary shares of 0.001 pence each ("Ordinary Shares") which have
been granted at an exercise price of 102.0 pence per Ordinary Share in
accordance with the terms of the SAYE Scheme. The exercise price represents a
15% discount to the average closing price of an Ordinary Share across 22, 23
and 24 June 2022, the three dealing days before the invitation was made. The
Options have a contract start date of 1 August 2022 and are exercisable from 1
August 2025.

 

A total of 44 out of 193 eligible employees have elected to participate in the
SAYE Scheme and a total of 268,709 Options have been granted in the 2022
scheme, representing 0.27% of the issued share capital.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have
chosen to participate in the 2022 SAYE Scheme:

 PDMR              Title                    Options granted
 Dominic Neary     Chief Financial Officer  17,647
 Crystal Metcalfe  Senior Practice Lead     10,588

 

 

The Company has also implemented an Employee Stock Purchase Plan ("Plan") for
US employees over the Ordinary shares. The shares have a contract start date
of 1 August 2022 and will be purchased on 31 July 2023. A total of 30 out of
133 eligible employees have enrolled in the in the Plan.

 

Enquiries

 

 MindGym plc                                      +44 (0)20 7376 0626

 Octavius Black, Chief Executive Officer

 Dominic Neary, Chief Financial Officer

  ( )
 Liberum (Nominated Adviser and Broker)           +44 (0)20 3100 2200

 Bidhi Bhoma

 Nick How

 Edward Mansfield

 Kane Collings

 MHP Communications (Public Relations Advisor)    +44 (0)20 3128 8990

 Reg Hoare                                        mindgym@mhpc.com (mailto:mindgym@mhpc.com)

 Katie Hunt

 Charlie Protheroe

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHSFASWAEESEIW