REG - Ten Lifestyle Group - Director Options

Ten LifestyleAnnouncement

07/01/2020 07:05

RNS Number : 9124Y
Ten Lifestyle Group PLC
07 January 2020
 


7th January 2020
Ten Lifestyle Group plc
("Ten" or the "Company")
 
Grant of Options
 
Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled lifestyle and travel service platform for the world's wealthy and mass affluent, announces that the Company has granted nil cost options to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") over ordinary shares of 0.1p each in the Company ("Ordinary Shares"), pursuant to the Ten Lifestyle Group Plc Management Incentive Plan dated 9 November 2017 (the "MIP Options").
 
 



PDMR


Position


Number of new MIP Options granted


Resulting total options held over Ordinary Shares




Alex Cheatle


Chief Executive Officer


200,000


833,708




Andrew Long


Group Chief Operational Officer and Chief Executive Officer (Asia)


100,000


433,708




Sarah Hornbuckle


Client Services Director


32,000


155,708




Alan Donald


Chief Financial Officer


150,000


183,708



 
This is the first grant of MIP Options to Mr. Donald since he was appointed as Chief Financial Officer on 24 June 2019.
 
The nil cost MIP Options will vest following announcement of the Company's financial results for the year ending 31 August 2022, subject to the performance conditions of the MIP Options.
 
The performance conditions are based on total shareholder return ("TSR") and, for some participants, operational targets. For Alex Cheatle, Alan Donald and Sarah Hornbuckle, their performance condition is wholly linked to the compound annual growth rate of TSR. Andrew Long's performance conditions are linked to the compound annual growth rate of TSR as well as to Net Revenue growth in APAC and profit making in that region. The Committee believes the aforementioned performance metrics are aligned with achieving KPI growth and driving the Company's strategy forward.
 
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to the granting of these MIP Options.
 
For further information, please visit https://www.tengroup.com/ or contact:
 



Ten Lifestyle Group Plc
Alex Cheatle, Chief Executive Officer
Alan Donald, Chief Financial Officer


via Tavistock
+44 (0)20 7479 3427














Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
George Sellar
Nick Prowting
 


+44 (0) 20 7418 8900




Tavistock, Financial PR & IR
Jos Simson
Heather Armstrong
Tim Pearson


+44 (0) 20 7920 3150



 




 
 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Alex Cheatle




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


Ten Lifestyle Group Plc




b)


LEI


213800YK94ZUOJUMN686




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


Options over ordinary shares of 0.1p each in the Company














Identification code


ISIN: GB00BF188X60














b)


Nature of the transaction


Grant of options




c)






Price(s) and volume(s)




































Price(s)


Volume(s)
























Nil


200,000






































d)
 


Aggregated information


















- Aggregated volume


200,000














- Price


Nil












 




e)


Date of the transaction


6th January 2020




f)


Place of the transaction


Outside a trading venue














 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Andrew Long




2


Reason for the notification




a)


Position/status


Group Chief Operational Officer and Chief Executive Officer (Asia)




b)


Initial notification /Amendment


 Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


 Ten Lifestyle Group Plc




b)


LEI


213800YK94ZUOJUMN686




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


Options over ordinary shares of 0.1p each in the Company














Identification code


ISIN: GB00BF188X60














b)


Nature of the transaction


Grant of options




c)






Price(s) and volume(s)




































Price(s)


Volume(s)
























Nil


100,000






































d)
 


Aggregated information


















- Aggregated volume


100,000














- Price


Nil












 




e)


Date of the transaction


6th January 2020




f)


Place of the transaction


Outside a trading venue














 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Sarah Hornbuckle




2


Reason for the notification




a)


Position/status


Client Services Director




b)


Initial notification /Amendment


 Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


 Ten Lifestyle Group Plc




b)


LEI


213800YK94ZUOJUMN686




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


Options over ordinary shares of 0.1p each in the Company














Identification code


ISIN: GB00BF188X60














b)


Nature of the transaction


Grant of options




c)






Price(s) and volume(s)




































Price(s)


Volume(s)
























Nil


32,000






































d)
 


Aggregated information


















- Aggregated volume


32,000














- Price


Nil












 




e)


Date of the transaction


6th January 2020




f)


Place of the transaction


Outside a trading venue














 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Alan Donald




2


Reason for the notification




a)


Position/status


Chief Financial Officer




b)


Initial notification /Amendment


 Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


 Ten Lifestyle Group Plc




b)


LEI


213800YK94ZUOJUMN686




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


Options over ordinary shares of 0.1p each in the Company














Identification code


ISIN: GB00BF188X60














b)


Nature of the transaction


Grant of options




c)






Price(s) and volume(s)




































Price(s)


Volume(s)
























Nil


150,000






































d)
 


Aggregated information


















- Aggregated volume


150,000














- Price


Nil












 




e)


Date of the transaction


6th January 2020




f)


Place of the transaction


Outside a trading venue














 
 




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