Grant of Awards under the Long Term Incentive Plan

RNS Number : 2879I
Mind Gym PLC
31 March 2020
 

31 March 2020

 

Mind Gym plc 

("Mind Gym" or the "Company")

 

Grant of Awards under the Long Term Incentive Plan

Mind Gym announces that on 31 March 2020 it has made awards to the Persons Discharging Managerial Responsibility (PDMRs) set out below over ordinary shares of 0.001 pence each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP rules, awards to PDMRs based in the UK are in the form of nil-cost options and awards to PDMRs based in the US are in the form of restricted stock. The vesting period for all awards are between three and five years and are exercisable up to the tenth anniversary of the award date or earlier if the Board decide otherwise.

 

PDMR

Title

Type of Award

Options granted

Wei-Li Chong

President: US

Restricted stock

82,723

Desi Kimmins

Chief Commercial Officer EMEA

Nil-cost option

150,000

Elaine Safier

Chief Digital Officer

Nil-cost options

250,000

 

 Enquiries

 

Mind Gym plc

+44 (0) 20 7376 0626

Octavius Black (CEO)

Joanne Cash (Chair)

Richard Steele (CFO)

 

investors@themindgym.com

 

 


Liberum (Nominated Adviser and Sole Broker)

+44 (0) 20 3100 2000

Bidhi Bhoma

Joshua Hughes

Euan Brown

 

 


Maitland/AMO (for media enquiries) 

+44 (0) 20 7379 5151

Al Loehnis

Sam Cartwright

 

mindgym-maitlandamo@maitland.co.uk


 

Notification and public disclosure of transactions by persons discharging managerial

responsibilities and persons closely associated with them

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Wei-Li Chong

2

Reason for the notification

a)

Position/status

President: US

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mind Gym plc

b)

LEI

213800ER1PA5QSNKIL80

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

 

Identification code

 

Ordinary Shares of  0.001 pence each

 

ISIN: GB00BF3SQB83

b)

Nature of the transaction

Grant of restricted stock awards under the Long-Term Incentive Plan (LTIP)

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil

82,723

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

 

 

e)

Date of transaction

31 March 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Desi Kimmins

2

Reason for the notification

a)

Position/status

Chief Commercial Officer EMEA

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mind Gym plc

b)

LEI

213800ER1PA5QSNKIL80

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

 

Identification code

 

Ordinary Shares of  0.001 pence each

 

ISIN: GB00BF3SQB83

b)

Nature of the transaction

Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil

150,000

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

e)

Date of transaction

31 March 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Elaine Safier

2

Reason for the notification

a)

Position/status

Chief Digital Officer

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mind Gym plc

b)

LEI

213800ER1PA5QSNKIL80

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

 

Identification code

 

Ordinary Shares of  0.001 pence each

 

ISIN: GB00BF3SQB83

b)

Nature of the transaction

Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil

250,000

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

e)

Date of transaction

31 March 2020

f)

Place of the transaction

Outside a trading venue

 


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