REG - Ten Lifestyle Group - PDMR Dealing and Admission of New Shares

Ten LifestyleAnnouncement

10/09/2021 07:05

RNS Number : 3401L
  
Ten Lifestyle Group PLC
  
10 September 2021
  
 

10 September 2021
Ten Lifestyle Group plc
(the "Group" or the "Company")
 
PDMR Dealing and Admission of New Shares
 
Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled global concierge platform for the world's wealthy and mass affluent, announces the exercise of share options by some of the participants in the first salary sacrifice initiative, whereby the Group granted share options in exchange for voluntary salary sacrifice.
 
As part of Ten's COVID-19 cost saving initiatives, Ten granted options over a total of 3,708,966 ordinary shares of 0.1p each in the Company ("Ordinary Shares") on 27 March 2020 (the "First Salary Sacrifice Initiative"), as announced on 30 March 2020. The Company arranged three further salary sacrifice initiatives between March 2020 and July 2021. 
 
On 8 September 2021, a number of individuals chose to exercise and sell a total of 1,510,860 options received pursuant to the First Salary Sacrifice Initiative, including the 'persons discharging managerial responsibilities' ("PDMRs") listed below. The Company expects to receive £1.06m cash from the exercise of these options. 
 




PDMR


Position


Number Options exercised and sold




Alex Cheatle


CEO


249,167




Andrew Long


Group COO and  CEO (Asia)


240,949




Sarah Hornbuckle


Client Services Director


50,000




Alan Donald


CFO


75,000




 
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to these PDMR dealings.
 
The same day, two employees chose to exercise a total of 40,000 options granted under the Company Share Option Scheme and an employee chose to exercise 16,000 options awarded under the Management Incentive Plan. 
 
The Company announces that, pursuant to the exercise of options described above, it has issued 1,566,860 new Ordinary Shares.
 
Applications have been made for the 1,566,860 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 14 September 2021.
 
The total number of Ordinary Shares in issue following Admission will be 83,444,495. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
 
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
 
 


+44 (0)20 7850 2796
 




Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
Paul Gillam
Nick Prowting
 


+44 (0) 20 7418 8900




 


 




 




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 Chief Operational Officer and Chief Executive Officer (Asia)
3.   Client Services Director
4.  Chief Finance 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


Exercise of options over Ordinary Shares of 0.1p each


 




 


 




 


Identification code


ISIN: GB00BF188X60


 




 


 


 




b)


Nature of the transaction


Exercise of Options 


 




c)


 


Price(s) and volume(s)


 


Exercise Price


 Volume(s)


 


 




 


 


 


 


£0.70 per Option



1.    249,167


2.    240,949
3.    50,000


4.    75,000



 


 




 


 


 


 


 


 


 


 




d)
 


Aggregated information


 


 




 


 


 




- Aggregated volume


1.   249,167
2.   240,949
3.   50,000
4.   75,000


 




 


 


 




- Price


1.   £174,416.90
2.   £168,664.30
3.   £35,000.00
4.   £52,500.00


 




 


 


 




e)


Date of the transaction


8 September 2021


 




f)


Place of the transaction


Off market


 




 
 




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 Chief Operational Officer and Chief Executive Officer (Asia)
3.    Client Services Director


4.    Chief Finance 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


Disposal of Ordinary shares of 0.1p each


 




 


 




 


Identification code


ISIN: GB00BF188X60


 




 


 


 




b)


Nature of the transaction


Exercise of Options 


 




c)


 


Price(s) and volume(s)


 


 Price(s)


 Volume(s)


 


 




 


 


 


 


£1.038251 per Ordinary Share


1.   249,167
2.   240,949
3.   50,000
4.   75,000


 


 




 


 


 


 


 


 


 


 




d)
 


Aggregated information


 


 




 


 


 




- Aggregated volume


1.   249,167
2.   240,949
3.   50,000
4.   75,000


 




 


 




 


- Price


1.   £258,697.89
2.   £250,165.54
3.   £51,912.55
4.   £77,868.83


 




 


 




e)


Date of the transaction


8 September 2021


 




f)


Place of the transaction


London Stock Exchange (XLON); AIM


 




 
 

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