REG - Ten Lifestyle Group - Director Options
RNS Number : 9124YTen Lifestyle Group PLC07 January 20207th 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHKQLFBBFLBBBZ
Recent news on Ten Lifestyle
See all newsRCS - Ten Lifestyle Group - Ten launches Ten Box Office
AnnouncementREG - Ten Lifestyle Group - Salary Sacrifice Options Extension
AnnouncementREG - Ten Lifestyle Group - Block Listing Return
AnnouncementREG - AIM - AIM Notice - 21/06/2024
AnnouncementREG - Ten Lifestyle Group - AIM Admission - Update
Announcement