REG - PCI-PAL PLC - Issue of Options & Director Share Purchases

PCI- PALAnnouncement

05/04/2024 07:00

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RNS Number : 4132J  PCI-PAL PLC  05 April 2024

5 April 2024

 

PCI-PAL PLC

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

 

PDMR Issue of Options

 

& Director Share Purchases

 

 

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 James Barham,
Chief Executive Officer of the Company, on 4 April 2024 at an exercise price
of 56.0p, being the closing price on 3 April 2024, as follows:

 

 Name          Title  Options Granted  Earliest Vesting Date  Total Options Held
 James Barham  CEO    400,000          04/04/2025             1,375,000

 

The terms of vesting are as follows:

 Tranche of Awards         Vesting Criteria
 25% of the grant Options  The Option shall be exercisable over 25% 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 56.0 pence per share during any continuous 30 day
                           period falling after the Date of Grant.
 50% of the grant Options  The Option shall be exercisable over an additional 50% of the Option Shares
                           (rounded down to the nearest whole Share) if the Company Share Price is equal
                           to or greater than 84.0 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 114.0 pence per share
                           during any continuous 30 day period falling after the Date of Grant.

Subject to the Vesting Criteria above being met, a maximum of 133,333 Options
can be exercised after one year from the date of grant, a maximum 266,666
Options can be exercised after two years, and all Options can be exercised
after three years.

 

Following this announcement, there are a total of 9,161,667 options over
Ordinary Shares in issue, representing 12.69% of the current issued share
capital of the Company.

 

Director/PDMR Dealings:

 

The Company was notified that James Barham, Chief Executive Officer, purchased
26,820 Ordinary Shares at a price of 56.5 pence per Ordinary Share on 4 April
2024. As a result of this transaction James Barham's beneficial interest in
the Company increases to 226,301 Ordinary Shares representing 0.31 per cent.
of the Company's total voting rights.

 

The Company was notified that Simon Wilson, Non-Executive Chairman, purchased
30,000 Ordinary Shares at a price of 56.8 pence per Ordinary Share on 4 April
2024. As a result of this transaction Simon Wilson's beneficial interest in
the Company increases to 190,000 Ordinary Shares representing 0.26 per cent.
of the Company's total voting rights.

 

 

For further information, please contact:

 

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

 William Good - Chief Financial Officer

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  +44 (0) 20 7227 0500
 Marc Milmo/Simon Hicks/Fergus Sullivan (Corporate Finance)

 Sunila De Silva (Corporate Broking)

 Walbrook PR                                                       +44 (0) 20 7933 8780
 Tom Cooper/Joseph Walker                                          +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/)

 

The Notification of Dealing Forms set out below are provided in accordance
with the requirements of the EU Market Abuse Regulation.

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         James Barham
 2.  Reason for the notification
 a)  Position/status:                                              Chief Executive Officer
 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)
                                                                    56.0 pence   400,000
 d)  Aggregated information:                                       See 4c) above

     ·      Aggregated volume:

     ·      Price:
 e)  Dates of the transactions:                                    4 April 2024
 f)  Place of the transaction:                                     Off Market Transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4c) above

 

 

e)

Dates of the transactions:

4 April 2024

f)

Place of the transaction:

Off Market Transaction

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         James Barham
 2.  Reason for the notification
 a)  Position/status:                                              Chief Executive Officer
 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:                                    Purchase of Ordinary Shares
 c)  Price(s) and volume(s):                                       Price(s)      Volume(s)
                                                                    56.5 pence   26,820
 d)  Aggregated information:                                       See 4c) above

     ·      Aggregated volume:

     ·      Price:
 e)  Dates of the transactions:                                    4 April 2024
 f)  Place of the transaction:                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4c) above

 

 

e)

Dates of the transactions:

4 April 2024

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Simon Wilson
 2.  Reason for the notification
 a)  Position/status:                                              Non-Executive Chairman
 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:                                    Purchase of Ordinary Shares
 c)  Price(s) and volume(s):                                       Price(s)      Volume(s)
                                                                    56.8 pence   30,000
 d)  Aggregated information:                                       See 4c) above

     ·      Aggregated volume:

     ·      Price:
 e)  Dates of the transactions:                                    4 April 2024
 f)  Place of the transaction:                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4c) above

 

 

e)

Dates of the transactions:

4 April 2024

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

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