REG - PCI-PAL PLC - Issue of Options
RNS Number : 4618SPCI-PAL PLC09 July 2020
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Grant of Share Options
PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions, today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to four employees discharging managerial responsibilities ("PDMR").
The grants made to PDMRs (the "PDMR Options") are as follows:
Name
Title
Options granted
Exercise price
Date of Grant
Earliest Vesting date
James Barham
CEO
250,000
40 pence
08/07/2020
08/07/2023
William Good
CFO
200,000
40 pence
08/07/2020
08/07/2023
Geoff Forsyth
CISO
20,000
40 pence
08/07/2020
08/07/2023
Jane Goodayle
SVP Global Marketing
135,000
40 pence
08/07/2020
08/07/2023
As part of this option grant, William Good has agreed to cancel 100,000 previously issued share options with an exercise price of 26.5 pence dated 12 November 2018.
Following the grant of the PDMR Options, the PDMRs hold the following share options and Ordinary Shares in the Company.
Name
Title
Options held
Ordinary Shares held
% of Ordinary Share capital of the Company
James Barham
CEO
775,000
138,812
0.23%
William Good
CFO
500,000
205,000
0.35%
Geoff Forsyth
CISO
345,000
1,343,371
2.27%
Jane Goodayle
SVP Global Marketing
185,000
0
0%
Further information is set out in the FCA Disclosure table below.
Terms of the Options
The PDMR Options will vest after a three-year period subject to the recipient having remained in continuous employment. In addition, certain performance conditions apply to the vesting of different tranches of each award as set out below. In each case the vesting is further conditional upon the Company's share price (being the closing mid-market price published by the London Stock Exchange) being greater than or equal to a benchmark price for a continuous 30 trading days following the date of grant (the "Benchmark Price").
Tranche of award
Benchmark Price
Initial 50%
40 pence (being the share price at the date of grant)
Further 25%
60 pence (being 50% above the share price at the date of grant)
Final 25%
80 pence (being 100% above the share price at the date of grant)
Additional options being issued to non PDMR employees
In addition to the above Options a further 210,000 share options have been issued to employees of the Group in line with the Group's policy that all employees should hold share options in the Company.
Following this announcement, there is a total of 5,711,667 options over Ordinary Shares, representing 9.64% 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
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
About PCI Pal:
PCI Pal is a 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 products 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:
James Barham
2.
Reason for the notification
a)
Position/status:
CEO / 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)
40 pence
250,000
d)
Aggregated information:
· Aggregated volume:
· Price:
N/A
e)
Date of the transaction:
08 July 2020
f)
Place of the transaction:
Outside of a trading venue
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
William Good
2.
Reason for the notification
a)
Position/status:
CFO / 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)
40 pence
200,000
d)
Aggregated information:
· Aggregated volume:
· Price:
N/A
e)
Date of the transaction:
08 July 2020
f)
Place of the transaction:
Outside of a trading venue
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Geoff Forsyth
2.
Reason for the notification
a)
Position/status:
CISO / 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)
40 pence
20,000
d)
Aggregated information:
· Aggregated volume:
· Price:
N/A
e)
Date of the transaction:
08 July 2020
f)
Place of the transaction:
Outside of a trading venue
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Jane Goodayle
2.
Reason for the notification
a)
Position/status:
SVP Global Marketing / 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)
40 pence
135,000
d)
Aggregated information:
· Aggregated volume:
· Price:
N/A
e)
Date of the transaction:
08 July 2020
f)
Place of the transaction:
Outside of a trading venue
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