Issue of Options

RNS Number : 4618S
PCI-PAL PLC
09 July 2020
 

 

PCI-PAL PLC

("PCI Pal", "the Company" or "the Group")

 

Grant of Share Options

 

PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions , today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to four employees discharging managerial responsibilities ("PDMR").

 

The grants made to PDMRs (the "PDMR Options") are as follows:

 

Name

Title

Options granted

Exercise price

Date of Grant

Earliest Vesting date

James Barham

CEO

250,000

40 pence

08/07/2020

08/07/2023

William Good

CFO

200,000

40 pence

08/07/2020

08/07/2023

Geoff Forsyth

CISO

20,000

40 pence

08/07/2020

08/07/2023

Jane Goodayle

SVP Global Marketing

135,000

40 pence

08/07/2020

08/07/2023

 

As part of this option grant, William Good has agreed to cancel 100,000 previously issued share options with an exercise price of 26.5 pence dated 12 November 2018.

 

Following the grant of the PDMR Options, the PDMRs hold the following share options and Ordinary Shares in the Company.

 

Name

Title

Options held

Ordinary Shares held

% of Ordinary Share capital of the Company

James Barham

CEO

775,000

138,812

0.23%

William Good

CFO

500,000

205,000

0.35%

Geoff Forsyth

CISO

345,000

1,343,371

2.27%

Jane Goodayle

SVP Global Marketing

185,000

0

0%

 

Further information is set out in the FCA Disclosure table below.

 

Terms of the Options

 

The PDMR Options 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 the closing mid-market price published by the London Stock Exchange) being greater than or equal to a benchmark price for a continuous 30 trading days following the date of grant (the "Benchmark Price").

 

Tranche of award

Benchmark Price

Initial 50%

40 pence (being the share price at the date of grant)

Further 25%

60 pence (being 50% above the share price at the date of grant)

Final 25%

80 pence (being 100% above the share price at the date of grant)

 

Additional options being issued to non PDMR employees

 

In addition to the above Options a further 210,000 share options have been issued to employees of the Group in line with the Group's policy that all employees should hold share options in the Company.

 

Following this announcement, there is a total of 5,711,667 options over Ordinary Shares, representing 9.64% 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

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 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 products 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, type of instrument:

Identification code:

Options over Ordinary shares of 1 pence each

 

ISIN Code: GB0009737155

b)

Nature of the transaction:

 Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

40 pence

250,000

 

d)

Aggregated information:

· Aggregated volume:

· Price:

N/A

e)

Date of the transaction:

08 July 2020

f)

Place of the transaction:

Outside of a trading venue

 

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

William Good

2.

Reason for the notification

a)

Position/status:

CFO / 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, type of instrument:

Identification code:

Options over Ordinary shares of 1 pence each

 

ISIN Code: GB0009737155

b)

Nature of the transaction:

 Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

40 pence

200,000

 

d)

Aggregated information:

· Aggregated volume:

· Price:

N/A

e)

Date of the transaction:

08 July 2020

f)

Place of the transaction:

Outside of a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Geoff Forsyth

2.

Reason for the notification

a)

Position/status:

CISO / 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, type of instrument:

Identification code:

Options over Ordinary shares of 1 pence each

 

ISIN Code: GB0009737155

b)

Nature of the transaction:

 Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

40 pence

20,000

 

d)

Aggregated information:

· Aggregated volume:

· Price:

N/A

e)

Date of the transaction:

08 July 2020

f)

Place of the transaction:

Outside of a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Jane Goodayle

2.

Reason for the notification

a)

Position/status:

SVP Global Marketing / 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, type of instrument:

Identification code:

Options over Ordinary shares of 1 pence each

 

ISIN Code: GB0009737155

b)

Nature of the transaction:

 Grant of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

40 pence

135,000

 

d)

Aggregated information:

· Aggregated volume:

· Price:

N/A

e)

Date of the transaction:

08 July 2020

f)

Place of the transaction:

Outside of a trading venue

 


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