PCI-PAL PLC Director Dealing & Grant of Share Options (1796C)
June 14 2019 - 2:00AM
UK Regulatory
TIDMPCIP
RNS Number : 1796C
PCI-PAL PLC
14 June 2019
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Director Dealing and
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, was notified that on 13 June 2017 James Barham,
Chief Executive Officer, purchased ordinary shares of 1 pence in
the Company.
Director Title Shares Price Total shares % total voting
Name purchased paid owned rights of Company
on 06/03/19 per share
James Barham CEO 50,684 29.0p 121,942 0.28%
------- ------------- ----------- ------------- -------------------
In addition, following Mr Barham's relocation back to the United
Kingdom from the United States in April 2019, the Company has
agreed to amend the share option package of James Barham.
Mr Barham has agreed to forfeit his existing holding of 550,000
non-EMI share options at 28.5 pence per share and these are being
replaced by the grant of 525,000 new EMI options as detailed
below.
Name Title Options Date of Exercise Earliest Vesting
granted Grant price date
James
Barham CEO 525,000 13/06/2019 28.5p 26/05/2020
------- --------- ----------- -------- -----------------
Further information is set out in the FCA Disclosure table
below.
Terms of the Options
The terms and conditions of these options will be identical to
those originally granted to Mr Barham on 25th May 2017.
The Options will vest subject to Mr Barham having remained in
continuous employment prior to any exercising of Options subject to
the conditions below:
Tranche of award Vesting Criteria
262,500 Options Shall vest on the 25(th) May 2020
------------------------------------------
131,250 Options Shall vest if the Company Share Price
is equal to or greater than 66 pence
per ordinary share during any continuous
30 day period falling after the Date
of Grant
------------------------------------------
131,250 Options Shall vest if the Company Share Price
is equal to or greater than 88 pence
per ordinary share during any continuous
30 day period falling after the Date
of Grant
------------------------------------------
Following this announcement, there is a total of 5,116,667
options over Ordinary Shares, representing 11.98% of the current
issued share capital of the Company.
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
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: James Barham
----------------------------------------- -----------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status: CEO / 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)
28.5 pence 525,000
----------
----------------------------------------- -----------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 13 June 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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