REG - PCI-PAL PLC - Director/PDMR Issue of Options

PCI- PALAnnouncement

07/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221007:nRSG0884Ca&default-theme=true

RNS Number : 0884C  PCI-PAL PLC  07 October 2022

 

PCI-PAL PLC

("PCI Pal", "the Company" or "the Group")

 
Director/PDMR Issue of Options

 

PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions
for business communications, announces that it has granted options ("Options")
over ordinary shares of 1 pence each ("Ordinary Shares") to persons
discharging managerial responsibilities ("PDMR") on 6 October 2022 at an
exercise price of 54.50p, being the closing price on 5 October 2022, as
follows:

 

 Name             Title            Options Granted  Earliest Vesting Date  Total Options

                                                                           Held

 Jane Goodayle    CMO              45,000           06/10/2025             250,000
 Adrienne Brophy  General Counsel  145,000          06/10/2025             145,000

 

The terms of vesting are as follows:

 

 Tranche of Awards         Vesting Criteria
 50% of the grant Options  The Option shall be exercisable over 50% of the Option Shares (rounded down to
                           the nearest whole Share) if the price of the Company's shares, as determined
                           by the previous dealing day's closing price (derived from the London Stock
                           Exchange or as published in the Financial Times) ("Company Share Price") is
                           equal to or greater than 54.50 pence per share during any continuous 30 day
                           period falling after the Date of Grant.

 25% of the grant Options  The Option shall be exercisable over an additional 25% of the Option Shares
                           (rounded down to the nearest whole Share) if the Company Share Price is equal
                           to or greater than 81.75 pence per share during any continuous 30 day period
                           falling after the Date of Grant.

 25% of the grant Options  The Option shall be exercisable over the remaining 25% of the Option Shares if
                           the Company Share Price is equal to or greater than 109.0 pence per share
                           during any continuous 30 day period falling after the Date of Grant.

 

In addition, a 240,000 share options are being issued to employees of the
Group at an exercise price of 54.50 pence.

The earliest vesting date is 06 October 2025 subject to the recipients having
remained in continuous employment prior to any exercising of Options and that
the following performance criteria have been met.

Following this announcement, there is a total of 8,276,667 options over
Ordinary Shares, representing 12.61% of the current issued share capital of
the Company.

 

For further information, please contact:

 

 PCI-PAL PLC                                 Via Walbrook PR
 James Barham - Chief Executive Officer

 William Good - Chief Financial Officer

 finnCap (Nominated Adviser and Broker)      +44 (0) 20 7227 0500
 Marc Milmo/Simon Hicks (Corporate Finance)

 Sunila De Silva (Corporate Broking)

 Walbrook PR                                 +44 (0) 20 7933 8780
 Tom Cooper/Paul Vann                        +44 (0) 797 122 1972
                                             tom.cooper@walbrookpr.com (mailto:tom.cooper@walbrookpr.com)

 

About PCI Pal:

 

PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that
empower companies to take payments from their customers securely, adhere to
strict industry governance, and remove their business from the significant
risks posed by non-compliance and data loss. Our products secure payments and
data in any business communications environment including voice, chat, social,
email, and contact centre. We are integrated to, and resold by, some of the
worlds' leading business communications vendors, as well as major payment
service providers.

 

The entirety of our product-base is available from our global cloud platform
hosted in Amazon Web Services ("AWS"), with regional instances across EMEA,
North America, and ANZ.

 

For more information visit www.pcipal.com (http://www.pcipal.com) or follow
the team on Linkedin: https://www.linkedin.com/company/pci-pal/
(https://www.linkedin.com/company/pci-pal/)

 

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Jane Goodayle
 2.  Reason for the notification
 a)  Position/status:                                              CMO
 b)  Initial notification/Amendment:                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         PCI PAL PLC
 b)  LEI:                                                          213800XTX34IQYMYES95
 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 1 pence each

     Identification code:

                                                                   ISIN Code: GB0009737155
 b)  Nature of the transaction:                                     Grant of Options
 c)  Price(s) and volume(s):                                       Price(s)     Volume(s)
                                                                   54.50 pence  45,000
 d)  Aggregated information:

     ·      Aggregated volume:

     ·      Price:
 e)  Dates of the transactions:                                    06 October 2022
 f)  Place of the transaction:                                     Off Market Transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

 

 

 

e)

Dates of the transactions:

06 October 2022

f)

Place of the transaction:

Off Market Transaction

 

 

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Adrienne Brophy
 2.  Reason for the notification
 a)  Position/status:                                              General Counsel
 b)  Initial notification/Amendment:                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         PCI PAL PLC
 b)  LEI:                                                          213800XTX34IQYMYES95
 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 1 pence each

     Identification code:

                                                                   ISIN Code: GB0009737155
 b)  Nature of the transaction:                                     Grant of Options
 c)  Price(s) and volume(s):                                       Price(s)     Volume(s)
                                                                   54.50 pence  145,000
 d)  Aggregated information:

     ·      Aggregated volume:

     ·      Price:
 e)  Dates of the transactions:                                    06 October 2022
 f)  Place of the transaction:                                     Off Market Transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

 

 

 

e)

Dates of the transactions:

06 October 2022

f)

Place of the transaction:

Off Market Transaction

 

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  DSHBKABQABDDNKK