MySale Group PLC Management Incentive Scheme and Issue of Equity (9091U)
August 03 2020 - 2:42AM
UK Regulatory
TIDMMYSL
RNS Number : 9091U
MySale Group PLC
03 August 2020
3 August 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 4,413,062 Share Awards will be granted under the
Mysale Loan Share Plan ("Loan Share Plan"). Under the Loan Share
Plan, the Company has issued 2,206,531 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 Vesting Exercise Vesting Lock-in
of Ordinary period of Price Price period
Shares Share Award
Kevin Cliffe Loan Share 2,206,531 3 years 5.665 100% at 3 years
Plan from issue pence 10p from issue
------------- ----------- ------------- ------------- --------- -------- ------------
Gavin Cliffe Loan Share 2,206,531 3 years 5.665 100% at 3 years
Plan from issue pence 10p from issue
----------- ------------- ------------- --------- -------- ------------
.
Total Voting Rights
Application has been made for admission of 4,413,062 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 852,251,287 Ordinary Shares.
There are 7,542,614 shares held in treasury therefore, the total
number of voting rights in the Company is 844,708,673. 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 +61 (0) 414 817 843
Mats Weiss, Chief Financial and Operating Officer +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 Initial
/Amendment
-------------------------------- -----------------------------------------
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 Ordinary Shares held in a loan share
financial instrument, plan
type of instrument
Identification code JE00BMH4MR96
-------------------------------- -----------------------------------------
b) Nature of the transaction Grant of conditional ownership in loan
share plan
-------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price Volume
-------------------------------- ------------------ ---------------------
5.665p 2,206,531
------------------------------------- ------------------ ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- -----------------------------------------
e) Date of the transaction 3 August 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 Initial
/Amendment
--------------------------------------- -------------------------------------------
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 Ordinary Shares held in a loan share
financial instrument, plan
type of instrument
Identification code JE00BMH4MR96
--------------------------------------- -------------------------------------------
b) Nature of the transaction Grant of conditional ownership in loan
share plan
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------------------- ------------------ -----------------------
5.665p 2,206,531
-------------------------------------------- ------------------ -----------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------------------- -------------------------------------------
e) Date of the transaction 3 August 2020
--------------------------------------- -------------------------------------------
f) Place of the transaction Off market transaction
--------------------------------------- -------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
DSHSSFSWDESSELA
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