REG - Sorted Group Hldgs. - Share Option Awards

Sorted groupAnnouncement

06/12/2024 07:00

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RNS Number : 0156P  Sorted Group Holdings PLC  06 December 2024

   6 December 2024

 

Sorted Group Holdings plc

("Sorted", the "Company" or the "Group")

 

Share Option Awards

 

Sorted (AIM: SORT), a leading provider of delivery experience and
post-purchase technology, announces the implementation of new share incentive
awards ("New Awards") under the existing Sorted Group Holdings plc Share
Option Plan to retain and incentivise key management personnel. The New Awards
are being made to one Director of the Company, certain persons discharging
managing responsibility ("PDMR"), as detailed below, together with several
members of the senior management team.

 

The New Awards comprise the grant of a total of 669,000 new share options over
ordinary shares of 62.5 pence each in the Company ("Ordinary Shares")
(together the "Options"). The Options are subject to vest one third each on
the first, second and third anniversary of the date of grant, subject to the
Company achieving a minimum share price performance target of 75p, 90p and
110p respectively, in each case measured against the average closing
mid-market price of an Ordinary Shares over the prior 30 days.

 

The Options have an exercise price of 62.5p and a ten-year life span from date
of grant and can be exercised any time after the vesting conditions, outlined
above, have been met. Any Ordinary Shares acquired on exercise of the Options
must be held for a minimum of twelve months thereafter.

 

Further details of the allocation of the Options are outlined as follows:

 

 Name                                                  Number of Options Granted
 Mahmoud Warriah - Chief Financial Officer (Director)  115,000
 Paul Hill - Product Director (PDMR)                   115,000
 Victoria Hill - Carrier Director (PDMR)               115,000
 Russell Waite - Engineering Director (PDMR)           115,000
 Steve Allen - Dealer Principal (PDMR)                 38,000
 Senior managers (7)                                   171,000
 Total                                                 669,000

 

Following the grant of the Options, the total number of Ordinary Shares under
option is 669,000, representing approximately 8.8% of the Company's current
issued ordinary share capital.

 
 

For further information please contact:

 

Sorted Group Holdings
plc
Tel: +44 (0)3300 555 284

Simon Wilkinson, Chairman

 

Allenby Capital Limited (Nominated
Adviser)
Tel: +44 (0)20 3328 5656

David Hart

Vivek Bhardwaj

 

Turner Pope Investments (TPI) Ltd
(Broker)
Tel: +44 (0)20 3657 0050

James Pope

Andy Thacker

 

About Sorted

 

Sorted's Delivery Experience supports retailers in providing exceptional
delivery experiences and analysing post-purchase performance. It enables
customers to track deliveries of parcels with ease.

 

Founded more than a decade ago, Sorted is trusted by leading retailers - such
as Asda, ASOS and M&S - to make customer purchase experiences a
differentiator.

 

www.sorted.com (http://www.sorted.com)

@SortedOfficial (https://twitter.com/SortedOfficial)

Media contact - Shaun Weston - shaun.weston@sorted.com

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                           1.     Mahmoud Warriah

                                                                      2.     Paul Hill

                                                                      3.     Victoria Hill

                                                                      4.     Russell Waite

                                                                      5.     Steve Allen

 2     Reason for the notification
 a)    Position/status                                                1.     Chief Financial Officer (Director)

                                                                      2.     Product Director (PDMR)

                                                                      3.     Carrier Director (PDMR)

                                                                      4.     Engineering Director (PDMR)

                                                                      5.     Dealer Principal (PDMR)

 b)    Initial notification /Amendment                                Initial notification
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                           Sorted Group Holdings Plc
 b)    LEI                                                            213800MKYV25HW2IAX70
 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 62.5 pence each in Sorted Group Holdings Plc ("Ordinary

                                                              Shares")
       Identification code

                                                                      Identification code (ISIN) for Ordinary Shares: GB00BPDX2041
 b)    Nature of the transaction                                      Grant of options over Ordinary Shares
 c)    Price(s) and volume(s)                                          Price(s)          Volume(s)
                                                                      1.     62.5p       1. 115,000

                                                                      2.     62.5p       2. 115,000

                                                                      3.     62.5p       3. 115,000

                                                                      4.     62.5p       4. 115,000

                                                                      5.     62.5p       5. 38,000

 
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        5 December 2024
 f)    Place of the transaction                                       Outside of a trading venue

 

d)

Aggregated information:

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

5 December 2024

f)

Place of the transaction

Outside of a trading venue

 

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