REG - PCI-PAL PLC - Grant of Share Options

PCI- PALAnnouncement

01/03/2019 13:20

RNS Number : 6303R
PCI-PAL PLC
01 March 2019
 


 
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
 
Grant of Share Options
 
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to a person disclosing managerial responsibilities ("PDMR").
 
Darren Gill, who was recently promoted to the position of Chief Revenue Officer (CRO) in the Company and is therefore a PDMR, has been granted 100,000 Options (the "PDMR Grant") as follows:
 




Name


Title


Options granted


Date of Grant


Earliest Vesting date




Darren Gill


CRO


100,000


28/02/2019


27/07/2019




 
Following the PDMR Grant, Darren Gill holds options over 250,000 Ordinary Shares.
 
In addition, he owns a total of 100,000 Ordinary Shares, representing 0.2% the current issued share capital of the Company. 
 
Further information is set out in the FCA Disclosure table below.
 
Terms of the Options
The exercise price is 23.0 pence per Ordinary Share, being the closing mid-market price published by the London Stock Exchange on 27 February 2019, and the Options will vest over a four-year period subject to the recipient having remained in continuous employment prior to any exercising of Options.
 
The terms of vesting are as follows:
 




Tranche of award


Vesting Criteria




10,416 Options


Shall vest on the 27 July 2019 being 5 months from the date of issue




89,584 Options


Shall vest in equal monthly tranches over a period of 43 months starting on the 27 August 2019




 
Following this announcement, there is a total of 5,111,667 options over Ordinary Shares, representing 11.97% of the current issued share capital of the Company.
 
 
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
 
 
 
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




Geoff Nash/Marc Milmo/Simon Hicks
(Corporate Finance)
 
Richard Chambers (Corporate Broking)
 


 




Walbrook PR


+44 (0) 20 7933 8780




Tom Cooper/Paul Vann


+44 (0) 797 122 1972




 


tom.cooper@walbrookpr.com




 
About PCI Pal:
 
PCI Pal is a specialist provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other card payment data security rules and regulations.
 
With the entire product portfolio served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments are light-touch, ensuring no degradation of service while achieving security and compliance.
 
PCI Pal has offices in London, Ipswich (UK) and Charlotte NC (USA). For more information visit www.pcipal.com or follow the team on Twitter: https://twitter.com/PCIPAL
 
 




1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name:


Darren Gill




2.


Reason for the notification




a)


Position/status:


Chief Revenue Officer / PDMR




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:
Identification code:


Options over Ordinary shares of 1 pence each
 
ISIN Code: GB0009737155




b)


Nature of the transaction:


 Grant of Options




c)


Price(s) and volume(s):






Price(s)


Volume(s)




23 pence


100,000




 




d)


Aggregated information:
·      Aggregated volume:
·      Price:


N/A




e)


Date of the transaction:


27 February 2019




f)


Place of the transaction:


Off market transaction




 




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