REG - Ten Lifestyle Group - Grant of Options

Ten LifestyleAnnouncement

22/12/2023 07:00

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RNS Number : 6960X  Ten Lifestyle Group PLC  22 December 2023

22 December 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 of 0.1 pence in the Company ("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"). The new MIP Options are being granted
in respect of the three year period ending on the announcement of the
Company's financial results for the year ending 31 August 2026 ("FY26
Results").

 

 PDMR               Position                   Number of new MIP Options granted  Resulting total options held over Ordinary Shares
 Alex Cheatle       CEO                        194,000                             1,773,680
 Andrew Long        COO                        94,000                              1,153,350
 Alan Donald        CFO                        94,000                              743,914
 Victoria Carvalho  Chief Proposition Officer  30,000                              371,950

 

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 FY26 Results. 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 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

 c.                          Price(s) and volume(s)

  Price(s)  Volume(s)

                                                                       1.  n/a       194,000
                                                                       2.  n/a       94,000
                                                                       3.  n/a       94,000
                                                                       4.  n/a       30,000
 d.                          Aggregated information

  Price(s)  Volume(s)

·       Aggregated volume

                             ·       Price

                                         1.  n/a       194,000

                                         2.  n/a       94,000
                                                                       3.  n/a       94,000
                                                                       4.  n/a       30,000
 e.                          Date of the transaction                    22 December 2023
 f.                          Place of the transaction                  Outside a trading venue

d.

Aggregated information

·       Aggregated volume

·       Price

 

 

     Price(s)  Volume(s)

 1.  n/a       194,000
 2.  n/a       94,000
 3.  n/a       94,000
 4.  n/a       30,000

e.

Date of the transaction

 22 December 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-Pemberon

 

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com) 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 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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