Information  X 
Enter a valid email address

Ten Lifestyle Group (TENG)

  Print      Mail a friend

Tuesday 07 January, 2020

Ten Lifestyle Group

Director Options

RNS Number : 9124Y
Ten Lifestyle Group PLC
07 January 2020
 

7th January 2020

Ten Lifestyle Group plc

("Ten" or the "Company")

 

Grant of Options

 

Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled lifestyle and travel service platform for the world's wealthy and mass affluent, announces that the Company has granted nil cost options to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") over ordinary shares of 0.1p each in the Company ("Ordinary Shares"), pursuant to the Ten Lifestyle Group Plc Management Incentive Plan dated 9 November 2017 (the "MIP Options").

 

 

PDMR

Position

Number of new MIP Options granted

Resulting total options held over Ordinary Shares

Alex Cheatle

Chief Executive Officer

200,000

833,708

Andrew Long

Group Chief Operational Officer and Chief Executive Officer (Asia)

100,000

433,708

Sarah Hornbuckle

Client Services Director

32,000

155,708

Alan Donald

Chief Financial Officer

150,000

183,708

 

This is the first grant of MIP Options to Mr. Donald since he was appointed as Chief Financial Officer on 24 June 2019.

 

The nil cost MIP Options will vest following announcement of the Company's financial results for the year ending 31 August 2022, subject to the performance conditions of the MIP Options.

 

The performance conditions are based on total shareholder return ("TSR") and, for some participants, operational targets. For Alex Cheatle, Alan Donald and Sarah Hornbuckle, their performance condition is wholly linked to the compound annual growth rate of TSR. Andrew Long's performance conditions are linked to the compound annual growth rate of TSR as well as to Net Revenue growth in APAC and profit making in that region. The Committee believes the aforementioned performance metrics are aligned with achieving KPI growth and driving the Company's strategy forward.

 

The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to the granting of these MIP Options.

 

For further information, please visit https://www.tengroup.com/ or contact:

 

Ten Lifestyle Group Plc

Alex Cheatle, Chief Executive Officer

Alan Donald, Chief Financial Officer

via Tavistock

+44 (0)20 7479 3427



Peel Hunt LLP, Nominated Advisor and Broker

Edward Knight

George Sellar

Nick Prowting

 

+44 (0) 20 7418 8900

Tavistock, Financial PR & IR

Jos Simson

Heather Armstrong

Tim Pearson

+44 (0) 20 7920 3150

 



 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Cheatle

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

 

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

a)

Name

Ten Lifestyle Group Plc

b)

LEI

213800YK94ZUOJUMN686

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

Options over ordinary shares of 0.1p each in the Company



Identification code

ISIN: GB00BF188X60



b)

Nature of the transaction

Grant of options

c)


Price(s) and volume(s)









Price(s)

Volume(s)






Nil

200,000









d)

 

Aggregated information




- Aggregated volume

200,000



- Price

Nil



 

e)

Date of the transaction

6th January 2020

f)

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Long

2

Reason for the notification

a)

Position/status

Group Chief Operational Officer and Chief Executive Officer (Asia)

b)

Initial notification /Amendment

 Initial Notification

3

 

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

a)

Name

 Ten Lifestyle Group Plc

b)

LEI

213800YK94ZUOJUMN686

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

Options over ordinary shares of 0.1p each in the Company



Identification code

ISIN: GB00BF188X60



b)

Nature of the transaction

Grant of options

c)


Price(s) and volume(s)









Price(s)

Volume(s)






Nil

100,000









d)

 

Aggregated information




- Aggregated volume

100,000



- Price

Nil



 

e)

Date of the transaction

6th January 2020

f)

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sarah Hornbuckle

2

Reason for the notification

a)

Position/status

Client Services Director

b)

Initial notification /Amendment

 Initial Notification

3

 

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

a)

Name

 Ten Lifestyle Group Plc

b)

LEI

213800YK94ZUOJUMN686

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

Options over ordinary shares of 0.1p each in the Company



Identification code

ISIN: GB00BF188X60



b)

Nature of the transaction

Grant of options

c)


Price(s) and volume(s)









Price(s)

Volume(s)






Nil

32,000









d)

 

Aggregated information




- Aggregated volume

32,000



- Price

Nil



 

e)

Date of the transaction

6th January 2020

f)

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Donald

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

 Initial Notification

3

 

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

a)

Name

 Ten Lifestyle Group Plc

b)

LEI

213800YK94ZUOJUMN686

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

Options over ordinary shares of 0.1p each in the Company



Identification code

ISIN: GB00BF188X60



b)

Nature of the transaction

Grant of options

c)


Price(s) and volume(s)









Price(s)

Volume(s)






Nil

150,000









d)

 

Aggregated information




- Aggregated volume

150,000



- Price

Nil



 

e)

Date of the transaction

6th January 2020

f)

Place of the transaction

Outside a trading venue

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHKQLFBBFLBBBZ

a d v e r t i s e m e n t