PCI-PAL PLC Grant of Share Options (6303R)
March 01 2019 - 8:18AM
UK Regulatory
TIDMPCIP
RNS Number : 6303R
PCI-PAL PLC
01 March 2019
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Grant of Share 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 that it has granted options
("Options") over ordinary shares of 1 pence each ("Ordinary
Shares") to a person disclosing managerial responsibilities
("PDMR").
Darren Gill, who was recently promoted to the position of Chief
Revenue Officer (CRO) in the Company and is therefore a PDMR, has
been granted 100,000 Options (the "PDMR Grant") as follows:
Name Title Options Date of Grant Earliest Vesting
granted date
Darren Gill CRO 100,000 28/02/2019 27/07/2019
------ --------- -------------- -----------------
Following the PDMR Grant, Darren Gill holds options over 250,000
Ordinary Shares.
In addition, he owns a total of 100,000 Ordinary Shares,
representing 0.2% the current issued share capital of the
Company.
Further information is set out in the FCA Disclosure table
below.
Terms of the Options
The exercise price is 23.0 pence per Ordinary Share, being the
closing mid-market price published by the London Stock Exchange on
27 February 2019, and the Options will vest over a four-year period
subject to the recipient having remained in continuous employment
prior to any exercising of Options.
The terms of vesting are as follows:
Tranche of award Vesting Criteria
10,416 Options Shall vest on the 27 July 2019 being
5 months from the date of issue
-------------------------------------
89,584 Options Shall vest in equal monthly tranches
over a period of 43 months starting
on the 27 August 2019
-------------------------------------
Following this announcement, there is a total of 5,111,667
options over Ordinary Shares, representing 11.97% 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/Marc Milmo/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 specialist provider of secure payment solutions for
contact centres and businesses taking Cardholder Not Present (CNP)
payments. PCI Pal's globally accessible cloud platform empowers
organisations to take payments securely without bringing their
environments into scope of PCI DSS and other card payment data
security rules and regulations.
With the entire product portfolio served from PCI Pal's cloud
environment, integrations with existing telephony, payment, and
desktop environments are light-touch, ensuring no degradation of
service while achieving security and compliance.
PCI Pal has offices in London, Ipswich (UK) and Charlotte NC
(USA). For more information visit www.pcipal.com or follow the team
on Twitter: https://twitter.com/PCIPAL
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Darren Gill
----------------------------------------- -----------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status: Chief Revenue Officer / PDMR
----------------------------------------- -----------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- -----------------------------
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 financial instrument, Options over Ordinary shares
type of instrument: of 1 pence each
Identification code:
ISIN Code: GB0009737155
----------------------------------------- -----------------------------
b) Nature of the transaction: Grant of Options
----------------------------------------- -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
23 pence 100,000
----------
----------------------------------------- -----------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 27 February 2019
----------------------------------------- -----------------------------
f) Place of the transaction: Off 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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