Grant of Awards under Long Term Incentive Plan

RNS Number : 9984E
Supply @ME Capital PLC
02 November 2022
 

2 November 2022

Supply@ME Capital plc

(the " Company ", " Supply@ME " or " SYME ")

Grant of Awards under the Supply@ME Long Term Incentive Plan

SYME, the fintech business which provides an innovative fintech platform ("Platform") for use by manufacturing and trading companies to access Inventory Monetisation© solutions enabling their businesses to generate cashflow , announces that, following approval from the Company's board of directors (the "Board" or "Directors") and remuneration committee of the Board, on 31 October 2022 awards in the form of nominal-cost share options ("Awards") over 897,424,157 ordinary shares of nominal value 0.002 pence each in the capital of the Company ("Ordinary Shares") were granted under the Supply@ME Long Term Incentive Plan (the "LTIP") to certain of the Company's executives and senior management.

The Awards granted include those made to the following Director and person discharging managerial responsibilities ("PDMR"):

Name

Position

Number of Ordinary Shares under Award

Alessandro Zamboni

Chief Executive Officer; Executive Director

 258,750,000

Amy Benning

Chief Financial Officer; PDMR

 187,500,000

Pursuant to the terms of the LTIP the Awards will normally become exercisable on 31 October 2025.

Awards may become exercisable subject to continued employment and the achievement of an absolute Total Shareholder Return performance condition measured over a three-year performance period over the 2022, 2023 and 2024 financial years (as set out in SYME's 2021 Annual Report and Accounts).

The Award granted to the Chief Executive Officer is additionally subject to a two-year holding period following the vesting date.

Enquiries:

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com  

Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com  

Media:

Nicola Louis, MHP, Nicola.Louis@mhpc.com

The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation 2014/596/EU, which is part of the domestic law of the United Kingdom of Great Britain and Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310). 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.  Alessandro Zamboni

2.  Amy Benning

 

 

2

Reason for notification

a)

Position/status

1.  Chief Executive Officer; Executive Director

2.  Chief Financial 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

Supply@ME Capital plc

b)

LEI

213800ZY2C2TI2C5WQ61 

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 nominal value 0.002p each in the capital of Supply@Me Capital plc

ISIN: GB00BFMDJC60

b)

Nature of the transaction

Grant of awards in the form of nominal-cost options over Ordinary Shares under the Supply@ME Long Term Incentive Plan

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

1.  Nil

2.  Nil

 

1.  258,750,000

2.  187,500,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

446,250,000

Nil

e)

Date of the transaction

31 October 2022

f)

Place of the transaction

Outside of a trading venue

 




 

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