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MySale Group PLC (MYSL)

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Friday 09 October, 2020

MySale Group PLC

Management Incentive Scheme and Issue of Equity

RNS Number : 6805B
MySale Group PLC
09 October 2020
 

9 October 2020 

 

MySale Group plc

 

(the "Company", "MySale" or the "Group")

 

Management Incentive Scheme and Issue of Equity

   

MySale Group plc (AIM: MYSL), the leading international online retailer, announces a share grant under the Company's management incentive scheme (the "Scheme") to a further two key members of its senior management team, to align their incentives with the Company's long-term growth strategy.

 

A total of  12,193,694 Share Awards will be granted under the Mysale Loan Share Plan ("Loan Share Plan"). Under the Loan Share Plan, the Company has issued a further 5,000,000 ordinary shares directly to each of Kevin Cliffe (Head of Trading) and Gavin Cliffe (Chief Technology Officer).

 

The exercise of any Share Awards will be subject to the achievement of the applicable vesting conditions during the vesting period.

On the sale of a Share Award share, the participant is entitled to the sale proceeds in excess of the exercise price per share. This permits holders of Share Awards to benefit from the growth in value of an Ordinary Share above the Share Award exercise price.

The Company has issued Share Awards to PDMR's as set out in the table below:

 

Name

Share Award

Number of Ordinary Shares

Vesting period of Share Award

Exercise Price

Vesting Price

Lock-in period

Kevin Cliffe

Loan Share Plan

5,000,000

3 years from issue

6.0 pence

100% at 15p

3 years from issue

Gavin Cliffe

Loan Share Plan

5,000,000

3 years from issue

6.0 pence

100% at 15p

3 years from issue

.

 

Total Voting Rights

 

Application has been made for admission of 12,193,694 ordinary shares to trading on AIM, with an anticipated admission date of 7 August 2020. Following admission of the shares the Company's total issued share capital will be  949,670,110 Ordinary Shares.

 

There are 7,542,614 shares held in treasury therefore, the total number of voting rights in the Company is 942,127,496. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

Enquiries :

MySale Group plc


Carl Jackson, Chief Executive Officer

Mats Weiss, Chief Financial and Operating Officer

+61 (0) 414 817 843

+61 (0) 403 810 762



N+1 Singer (Nominated Adviser and Joint Broker)

+44 (0) 20 7496 3000

Mark Taylor

Justin McKeegan

Carlo Spingardi




Zeus Capital (Joint Broker)

Daniel Harris/Ben Burnett, Corporate Finance

John Goold, Corporate Broking

+44 (0) 20 3829 5000



MHP Communications (Financial PR Adviser)

+44 (0) 20 3128 8570

Simon Hockridge

Giles Robinson

Pete Lambie


 

The information contained within this announcement is deemed to constitute inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Kevin Cliffe

2

Reason for the notification

a)

Position/status

Head of Trading (PDMR)

b)

Initial notification /Amendment

Initial

3

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

a)

Name

MySale Group plc

b)

LEI

213800BXZGPMK9JIXO84

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 held in a loan share plan 

 

 

JE00BMH4MR96 

b)

Nature of the transaction

Grant of conditional ownership in loan share plan

c)

 

Price(s) and volume(s)

 

Price

Volume

6.0p

 

5,000,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

Date of the transaction

9 October 2020

f)

Place of the transaction

Off market transaction

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Gavin Cliffe

2

Reason for the notification

a)

Position/status

CTO (PDMR)

b)

Initial notification /Amendment

Initial

3

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

a)

Name

MySale Group plc

b)

LEI

213800BXZGPMK9JIXO84

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 held in a loan share plan

 

 

JE00BMH4MR96 

b)

Nature of the transaction

 Grant of conditional ownership in loan share plan

c)

 

Price(s) and volume(s)

 

Price

Volume

6.0p

5,000,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

Date of the transaction

9 October 2020

f)

Place of the transaction

Off market transaction

 

 

 

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