Argentex Group PLC Director/PDMR Shareholding (5626Q)
February 26 2021 - 08:58AM
UK Regulatory
TIDMAGFX
RNS Number : 5626Q
Argentex Group PLC
26 February 2021
26 February 2021
Argentex Group PLC
Grant of Award under the Long-Term Incentive Plan
Argentex Group PLC, ("Argentex", the "Company" or the "Group"),
the provider of foreign exchange services to institutions,
corporates and high net worth private individuals, announces that
on 26 February 2021 the Company granted options over 452,830 new
ordinary shares in the Company ("Ordinary Shares" and the "Award")
under to the Company's 2019 Company Share Option Plan (the "CSOP")
to Jo Stent, the Company's CFO. A summary of the CSOP is set out in
the Group's AIM Admission Document, a copy of which is available at
www.argentex.com.
The Award have an exercise price of 135p, representing a 16%
premium to the closing mid-market price of 116p on 25 February
2021, the day before the Award was made. To provide long-term
alignment with shareholders, the Award will vest at the same time
as the LTIP awards granted to other PDMRs in April 2020 in three
equal tranches on 7 April 2023, 7 April 2024 and 7 April 2025. The
Award has an EPS growth performance condition attached.
Following this grant, the Company has a total of 4,754,708
unvested options pursuant to the CSOP, equating to approximately 4%
of the existing issued ordinary share capital of the Company.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities.
1 Details of the persons discharging managerial responsibilities/person
closely associated
a) Name Jo Stent - Chief Financial Officer
----------------------- ------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Executive Director and PDMR of the Company
----------------------- ------------------------------------------------
b) Initial Notification/ Initial Notification
Amendment
----------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Argentex Group plc
----------------------- ------------------------------------------------
Legal Entity
b) Identifier 2549007V7B928Q178194
----------------------- ------------------------------------------------
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 Ordinary shares of GBP0.0001 each
of the financial
instrument,
type of instrument
ISIN - GB00BJLPH056
Identification
code
----------------------- ------------------------------------------------
b) Nature of transaction Grant of options
----------------------- ------------------------------------------------
c) Currency GBP
----------------------- ------------------------------------------------
d) Price(s) and 452,830 Ordinary Shares with 135 pence exercise
volume(s) price.
----------------------- ------------------------------------------------
e) Aggregate information N/A - single transaction
- Aggregate
volume
- Price
- Aggregate
total
----------------------- ------------------------------------------------
f) Date of the 26 February 2021
transaction
----------------------- ------------------------------------------------
g) Place of the Outside a trading venue
transaction
----------------------- ------------------------------------------------
-ENDS-
For further information please contact:
Argentex Group PLC
Harry Adams - Co-CEO
(Via FTI Consulting)
FTI Consulting (Financial PR)
Ed Berry
Telephone: 0203 727 1046
argentex@fticonsulting.com
Numis Securities Limited (Nominated Adviser and Broker)
Stephen Westgate, Charlie Farquhar, Laura White, Hugo
Rubinstein
Telephone: +44 (0) 20 7260 1000
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END
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