PCI-PAL PLC Grant of Options (9752G)
November 12 2018 - 2:00AM
UK Regulatory
TIDMPCIP
RNS Number : 9752G
PCI-PAL PLC
12 November 2018
PCI-PAL PLC
("PCI Pal", the "Group" or the "Company")
Grant of Options
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that
secures and protects payment card data for companies handling
payments by phone, today announces the grant ("Grant") of share
options to a director of the Company and to other employees of the
Group exercisable over a total of 435,000 ordinary shares of 1
pence each ("Ordinary Shares").
Persons discharging managerial responsibility (PDMRs)
participating in the Grant are tabled below:
Name Title No Share Options Date of Grant Earliest Vesting
granted date
William Good CFO & Main 100,000 08/11/2018 08/11/2021
Board Director
---------------- ----------------- -------------- -----------------
The PDMR option will vest after a three-year period subject to
the recipient having remained in continuous employment. In
addition, certain performance conditions apply to the vesting of
different tranches of each award as set out below. In each case the
vesting is further conditional upon the Company's share price*
being greater than or equal to a benchmark price for a continuous
period of 30 trading days following the date of grant (the
"Benchmark Price"):
Tranche
of award Benchmark Price
Initial 50% 26.5 pence (being the share price at the date
of grant)
----------------------------------------------
Further 25% 40 pence (being 50% above the share price at
the date of grant)
----------------------------------------------
Further 25% 53 pence (being 100% above the share price
at the date of grant)
----------------------------------------------
* being the closing mid-market price published by the London
Stock Exchange or as listed in the Financial Times"
Following this grant, William Good holds options over 400,000
shares and holds 140,000 Ordinary Shares. The shareholding
represents approximately 0.3% the current issued share capital of
the Company.
In addition to the above grant, a further 335,000 share options
have been issued to employees of the Group at an exercise price of
26.5 pence per share. These options vest over a 36-month period and
are subject to set performance criteria and continuous employment
requirements.
The Company considers it important to attract, retain, and
incentivise our employees through share incentive arrangements and
to align them with shareholders to create long term value.
Following this announcement, the total number of options granted
and outstanding is in respect of 4,566,667 Ordinary Shares
representing 10.69% of the current issued share capital of the
Company.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
For further information, please contact:
PCI-PAL PLC Via Walbrook PR
James Barham - Chief Executive
Officer
William Good - Chief Financial
Officer
finnCap (Nominated Adviser and
Broker) +44 (0) 20 7227 0500
Geoff Nash/Simon Hicks (Corporate
Finance)
Richard Chambers (Corporate Broking)
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper/Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
About PCI Pal:
PCI Pal is a Payment Card Industry-Data Security Standard ("PCI
DSS") Level 1 certi ed supplier of contact centre payment solutions
and services, with operations in Europe and North America, enabling
organisations to take customer payments securely over the phone,
and to de-risk their business from the threat of data loss and
cybercrime.
To understand our core services better please view our video on
https://www.pcipal.com/en/solutions/agent-assist/
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Thomas William Good
------------------------------------ ----------------------------------
2. Reason for the noti cation
------------------------------------------------------------------------
a) Position/status: Director
------------------------------------ ----------------------------------
b) Initial noti cation/Amendment: Initial noti cation
------------------------------------ ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name: PCI PAL PLC
------------------------------------ ----------------------------------
b) LEI: 213800XTX34IQYMYES95
------------------------------------ ----------------------------------
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 nancial Ordinary shares of 1 pence each
instrument, type of instrument:
Identi cation code:
ISIN Code: GB0009737155
------------------------------------ ----------------------------------
b) Nature of the transaction: Grant of options
------------------------------------ ----------------------------------
c) Price(s) and volume(s):
------------------------------------ ----------------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
------------------------------------ ----------------------------------
e) Date of the transaction: 09 November 2018
------------------------------------ ----------------------------------
f) Place of the transaction: O market transaction
------------------------------------ ----------------------------------
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.
END
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