REG - Ten Lifestyle Group - Grant of Options

Ten LifestyleAnnouncement

20/09/2023 09:00

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RNS Number : 9848M  Ten Lifestyle Group PLC  20 September 2023

20 September 2023

 

Ten Lifestyle Group plc

("Ten" or the "Company")

 

Grant of Options

 

Ten Lifestyle Group plc (AIM: TENG), announces that it has granted options
over Ordinary Shares to certain 'persons discharging managerial
responsibilities' of the Company ("PDMRs"), pursuant to the Ten Lifestyle
Group Plc Management Incentive Plan dated 9 November 2017 ("MIP Options") and
Company Share Option Plan dated 24 August 2017 ("CSOP Options").

 

 PDMR               Position                   Number of new MIP Options granted  Number of new CSOP Options granted  Resulting total options held over Ordinary Shares
 Alex Cheatle       CEO                        200,000                            15,306                              1,579,680
 Andrew Long        Group COO                  100,000                            15,306                              1,059,350
 Alan Donald        CFO                        80,000                             15,306                              649,914
 Victoria Carvalho  Chief Proposition Officer  32,000                             15,306                              341,950

 

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 2025. The Remuneration Committee believes the
performance metrics appropriately incentivise and are aligned with the
Company's strategic goals and the long-term interests of shareholders.

 

The CSOP Options become exercisable after three years, subject to certain
conditions, including appropriate bad leaver conditions. The Remuneration
Committee believes that granting CSOP Options is aligned with the Company's
strategic goals and the long-term interests of shareholders as any gain from
the exercise of CSOP options is subject to the relative increase in the share
price over the three-year period.

 

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

 

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

                                                                       2.    Andrew Long

                                                                       3.    Alan Donald

                                                                       4.    Victoria Carvalho
 2.                          Reason for the notification
 a.                          Position/status                           1.    CEO

                                                                       2.    Group COO

                                                                       3.    CFO

                                                                       4.    Chief Proposition Officer
 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 and Company Share Option
                                                                       Plan

 c.                          Price(s) and volume(s)

  Price(s)                  Volume(s)

                                                                       1.  n/a                       200,000
                                                                       1.  Exercise price of £0.98   15,306
                                                                       2.  n/a                       100,000
                                                                       2.  Exercise price of £0.98   15,306
                                                                       3.  n/a                       80,000
                                                                       3.  Exercise price of £0.98   15,306
                                                                       4.  n/a                       32,000
                                                                       4.  Exercise price of £0.98   15,306
 d.                          Aggregated information

  Price(s)                  Volume(s)

·      Aggregated volume

                             ·      Price

                                         1.  n/a                       200,000

                                         1.  Exercise price of £0.98   15,306
                                                                       2.  n/a                       100,000
                                                                       2.  Exercise price of £0.98   15,306
                                                                       3.  n/a                       80,000
                                                                       3.  Exercise price of £0.98   15,306
                                                                       4.  n/a                       32,000
                                                                       4.  Exercise price of £0.98   15,306
 e.                          Date of the transaction                    19 September 2023
 f.                          Place of the transaction                  Outside a trading venue

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

     Price(s)                  Volume(s)

 1.  n/a                       200,000
 1.  Exercise price of £0.98   15,306
 2.  n/a                       100,000
 2.  Exercise price of £0.98   15,306
 3.  n/a                       80,000
 3.  Exercise price of £0.98   15,306
 4.  n/a                       32,000
 4.  Exercise price of £0.98   15,306

e.

Date of the transaction

 19 September 2023

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

 Singer Capital Markets Advisory LLP, Nominated Advisor and Broker   +44 (0) 20 7496 3000

 Corporate Finance: James Moat / Oliver Platts

 Corporate Broking: Tom Salvesen / Charles Leigh-Pemberton

 

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com) ('Ten') partners
with global financial institutions and other premium brands to attract and
retain wealthy and mass affluent customers.

Millions of members have access to Ten's services across lifestyle, travel,
dining, entertainment and retail benefits on behalf of over fifty clients
including HSBC, Coutts, Morgan Stanley and Royal Bank of Canada. Ten's
partnerships are based on multi-year contracts generating revenue through
platform-as-a-service and technology fees.

Ten's operations are underpinned by an increasingly sophisticated
personalisation platform comprising industry-first, proprietary technology,
thousands of supplier relationships and 25 years of proprietary expertise
delivered from over 20 global offices.

Ten is on a mission 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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