REG - Mind Gym PLC - Grant of SAYE options

Mind GymAnnouncement

22/09/2023 15:30

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RNS Number : 4133N  Mind Gym PLC  22 September 2023

22 September 2023

 

Mind Gym plc

("MindGym" or the "Company")

 

Grant of SAYE options

 

MindGym, the global provider of human capital and business improvement
solutions, is pleased to announce that it has launched the fifth 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 52.1 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 16, 17
and 18 August 2023, the three dealing days before the invitation was made. The
Options have a contract start date of 1 October 2023 and are exercisable from
1 October 2026.

 

A total of 45 out of 233 eligible employees have elected to participate in the
SAYE Scheme and a total of 742,336 Options have been granted in the 2023
scheme, representing 0.74% of the issued share capital.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have
chosen to participate in the 2023 SAYE Scheme:

 

 PDMR        Title                     Options granted
 David Lush  Chief Technology Officer  14,233

The Company has also implemented an Employee Stock Purchase Plan ("ESPP
Scheme") for US employees over the Ordinary shares. The shares have a contract
start date of 18 September 2023 and will be purchased on or around 18
September 2024.  A total of 15 out of 125 eligible employees have enrolled in
the in the Plan.

 

The following PDMRs have chosen to participate in the ESPP Scheme:

 

 PDMR       Title                                         ESPP Scheme application ($)
 Janet Ahn  President, Chief Behavioural Science Officer  6,600

 

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

 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 SAYE Option
 c)               Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                            nil       14,233

 d)               Aggregated information (if any)

                  - Aggregated volume                                                       N/A - single transaction

                  - Price
 e)               Date of transaction                                                       1 October 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

1 October 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

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