REG - Ten Lifestyle Group - Grant of Options

Ten LifestyleAnnouncement

10/08/2022 07:00

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RNS Number : 4747V  Ten Lifestyle Group PLC  10 August 2022

10 August 2022

 

Ten Lifestyle Group plc

("Ten" or the "Company")

 

Grant of Options

 

Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled, global
concierge platform for the world's wealthy and mass affluent, announces that
it has granted nil cost options to certain 'persons discharging managerial
responsibilities' of the Company ("PDMRs") over 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      CEO                         200,000                             1,381,874
 Andrew Long       Group COO and  CEO (Asia)   100,000                             921,544
 Sarah Hornbuckle  Client Services Director    40,000                              317,735
 Alan Donald       CFO                         80,000                              552,108

 

The nil cost MIP Options will vest subject to the performance conditions of
the MIP Options based on total shareholder return ("TSR") over a three year
period ending on the announcement of the Company's financial results for the
year ending 31 August 2024.

 

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 Remuneration Committee believes the aforementioned performance metrics
appropriately incentivise and are aligned with the Company's strategic goals
and the long-term interests of shareholders.

 

The notification below, made in accordance with the Market Abuse Regulation,
provides further details in relation to the granting of these MIP Options.

 

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                      1.    Alex Cheatle

                                                                       2.    Andrew Long

                                                                       3.    Sarah Hornbuckle

                                                                       4.    Alan Donald
 2.                          Reason for the notification
 a.                          Position/status                           1.    Chief Executive Officer

                                                                       2.    Group COO and CEO (Asia)

                                                                       3.    Client Services Director

                                                                       4.    CFO
 b.                          Initial notification                      Initial notification

                             /Amendment
 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                        Options over Ordinary Shares of 0.1 pence

                             Financial instrument, type

                             of instrument                             GB00BF188X60

                             Identification code
 b.                          Nature of the transaction                 Grant of options under the Management Incentive Plan

 c.                          Price(s) and volume(s)

  Price(s)  Volume(s)

                                                                       1.  n/a       200,000
                                                                       2.  n/a       100,000
                                                                       3.  n/a       40,000
                                                                       4.  n/a       80,000
 d.                          Aggregated information

  Price(s)  Volume(s)

·      Aggregated volume

                             ·      Price

                                         1.  n/a       200,000

                                         2.  n/a       100,000
                                                                       3.  n/a       40,000
                                                                       4.  n/a       80,000
 e.                          Date of the transaction                    10 August 2022
 f.                          Place of the transaction                  Outside a trading venue

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

     Price(s)  Volume(s)

 1.  n/a       200,000
 2.  n/a       100,000
 3.  n/a       40,000
 4.  n/a       80,000

e.

Date of the transaction

 10 August 2022

f.

Place of the transaction

Outside a trading venue

 

 

- End -

 

For further information please visit www.tenlifestylegroup.com
(http://www.tenlifestylegroup.com) or call:

 

 Ten Lifestyle Group plc                       +44 (0)20 7850 2796

 Alex Cheatle, Chief Executive Officer

 Alan Donald, Chief Financial Officer

 Peel Hunt LLP, Nominated Advisor and Broker   +44 (0) 20 7418 8900

 Paul Gillam

 James Smith

 

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com)  is a leading
technology-enabled, global concierge platform, helping wealthy and mass
affluent individuals and their families to discover, organise, and enjoy
dining, live entertainment, travel and premium retail (and other relevant
services) with better results and more quickly than they could themselves.

Underpinned by industry-first technology, Ten provides its trusted concierge
services to millions of members, in over 15 languages, 24/7, 365 days a year,
wherever they are in the world. Founded in 1998, the business listed on the
AIM market of the London Stock Exchange in November 2017 (AIM: TENG).

The growth engine at the heart of Ten's business model is the driving force
behind its progress towards its objective to become the most trusted service
platform in the world.

 For further information please go to: www.tenlifestylegroup.com
(http://www.tenlifestylegroup.com/) .

 

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