Mind Gym PLC Grant of SAYE options (4133N)
September 22 2023 - 9:30AM
UK Regulatory
TIDMMIND
RNS Number : 4133N
Mind Gym PLC
22 September 2023
22 September 2023
Mind Gym plc
("MindGym" or the "Company")
Grant of SAYE options
MindGym, the global provider of human capital and business
improvement solutions, is pleased to announce that it has launched
the fifth year of a Save As You Earn Scheme (the "SAYE Scheme") for
all eligible employees in the UK and Singapore.
Eligible employees were invited to subscribe for options
("Options") over the Company's Ordinary Shares of 0.001 pence each
("Ordinary Shares") which have been granted at an exercise price of
52.1 pence per Ordinary Share in accordance with the terms of the
SAYE Scheme. The exercise price represents a 15% discount to the
average closing price of an Ordinary Share across 16, 17 and 18
August 2023, the three dealing days before the invitation was made.
The Options have a contract start date of 1 October 2023 and are
exercisable from 1 October 2026.
A total of 45 out of 233 eligible employees have elected to
participate in the SAYE Scheme and a total of 742,336 Options have
been granted in the 2023 scheme, representing 0.74% of the issued
share capital.
The following Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the 2023 SAYE Scheme:
PDMR Title Options granted
David Lush Chief Technology Officer 14,233
The Company has also implemented an Employee Stock Purchase Plan
("ESPP Scheme") for US employees over the Ordinary shares. The
shares have a contract start date of 18 September 2023 and will be
purchased on or around 18 September 2024. A total of 15 out of 125
eligible employees have enrolled in the in the Plan.
The following PDMRs have chosen to participate in the ESPP
Scheme:
PDMR Title ESPP Scheme application
($)
President, Chief Behavioural
Janet Ahn Science Officer 6,600
Enquiries
Mind Gym plc +44 (0) 20 7376 0626
Octavius Black (CEO) investors@themindgym.com
Dominic Neary (CFO)
Liberum (Nominated Adviser and Sole
Broker)
Nicholas How
Edward Mansfield
Cara Murphy +44 (0) 20 3100 2000
MHP (for media enquiries) +44 (0) 20 3128 8793
Reg Hoare mindgym@mhpgroup.com
Katie Hunt
Veronica Farah
Details of the person discharging managerial responsibilities
1 / person closely associated
--------------------------------------------------------------------------
a) Name David Lush
--------------------------- ---------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------
a) Position/status Chief Technology Officer
--------------------------- ---------------------------------------------
b) Is this an initial Initial notification
notification or an
amendment to a prior
notification?
--------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Mind Gym plc
--------------------------- ---------------------------------------------
b) LEI 213800ER1PA5QSNKIL80
--------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 0.001 pence each
financial instrument,
type of instrument ISIN: GB00BF3SQB83
Identification code
--------------------------- ---------------------------------------------
b) Nature of the transaction Grant of SAYE Option
--------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 14,233
----------
--------------------------- ---------------------------------------------
d) Aggregated information
(if any)
N/A - single transaction
- Aggregated volume
- Price
--------------------------- ---------------------------------------------
e) Date of transaction 1 October 2023
--------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ---------------------------------------------
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END
DSHSEDFLEEDSESU
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