TIDMPCIP
RNS Number : 7404G
PCI-PAL PLC
31 May 2017
PCI-PAL PLC
("PCI-PAL" or the "Company")
Grant of Options
PCI-PAL PLC, the customer engagement specialist focussed on
secure payment solutions, is pleased to announce the grant of share
options on 25 May 2017 to all the staff of the Company over a total
of 3,065,000 Ordinary Shares of 1 pence each at an exercise price
of 33 pence (the "Grant"), being the share price* to the nearest
whole pence on 3 October 2016, the day that the completion of the
disposal of the call centre operations was reconfirmed to the
market.
Persons discharging managerial responsibility (PDMRs)
participating in the Grant are tabled below:
Name Title No. of Date Earliest
Share of Grant Vesting
Options date
granted
--------- ------------ --------- ----------- -----------
William CFO & 300,000 25/05/2017 25/05/2020
Good Main Board
Director
--------- ------------ --------- ----------- -----------
Geoffrey CTO & 325,000 25/05/2017 25/05/2020
Forsyth Main Board
Director
--------- ------------ --------- ----------- -----------
James CCO & 300,000 25/05/2017 25/05/2020
Barham Main Board
Director
--------- ------------ --------- ----------- -----------
Sadie Operations 300,000 25/05/2017 25/05/2020
Ahier Director
--------- ------------ --------- ----------- -----------
David Channel 200,000 25/05/2017 25/05/2020
Swift Director
--------- ------------ --------- ----------- -----------
William Catchpole, Chief Executive Officer and owner of 9.3 per
cent. of the Company's issued share capital, has waived his rights
to participate in the Grant.
The options will vest after a three-year period subject to the
recipient having remained in continuous employment with the
Company. In addition, the vesting of the options in three tranches
is also conditional upon the Company's share price* being greater
than or equal to a benchmark price for any continuous period of 30
trading days following the date of grant (the "Benchmark Price") as
follows:
Tranche
of award Benchmark Price
---------- -------------------------------------
Initial 44 pence (being the share price*
50% to the nearest pence at the date
of grant, the "Grant Price")
---------- -------------------------------------
Further 66 pence (being 50% above the Grant
25% Price)
---------- -------------------------------------
Further 88 pence (being 100% above the Grant
25% Price)
---------- -------------------------------------
* being the closing mid-market price published by the London
Stock Exchange or as listed in the Financial Times
Un-exercised options will lapse ten years from the date of
Grant.
The Grant represents approximately 9.7% of the current issued
share capital of the Company. Not withstanding the authority
authorised by the shareholders to allot up to 20% of the issued
share capital of the Company as share options, the Directors have
agreed to cap the total amount of share options to be made
available under the option plan to 15% of the then issued share
capital of the Company. The Directors believe this will retain
sufficient headroom to attract, retain and incentivise new and
existing staff as the business continues to deliver its expansion
strategy.
Further information is provided belowin accordance with the
requirements of the EU Market Abuse Regulation:
For further details, please contact:
PCI-PAL PLC Via Walbrook PR
William Catchpole - Chief
Executive Officer
William Good - Chief Financial
Officer
N+1 Singer (Nomad & Broker)
Aubrey Powell / James White +44 20 7496 3000
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper / Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
PCI-PAL is a Payment Card Industry-Data Security Standard Level
1 certified supplier of contact centre payment solutions and
services enabling organisations to take customer payments securely,
to store customer data safely, in particular credit card data, and
to de-risk their business from the threat of data loss and
cybercrime.
PCI-PAL solutions are currently used in more than 60
organisations, many of which are global businesses in the retail,
services, and utilities sectors, utilising PCI-PAL technology to
ensure they meet industry rules and regulations governing customer
data protection.
In May 2018, the new General Data Protection Regulations come
into force across the EU. Material data breaches can now lead to
fines of up to 4% of an offending organisation's worldwide
turnover. This, together with the PCI regulations, means that all
organisations who take contact centre payments need to carefully
monitor and control their PCI and data compliance.
The shares of PCI-PAL PLC and its predecessor have been admitted
to trading on the AIM market of the London Stock Exchange since
September 2000.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name William Good
--- ------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name PCI-PAL PLC
--- ------------------------- -----------------------------------
b) LEI n/a
--- ------------------------- -----------------------------------
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 Ordinary shares of 1p each
the financial ("Ordinary Shares")
instrument, type
of instrument
Identification ISIN Code: GB0009737155
code
--- ------------------------- -----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
33 pence (Exercise
Price) 300,000
--- ------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -----------------------------------
e) Date of the transaction 25/05/2017
--- ------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Geoffrey Forsyth
--- ------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chief Technical Officer
--- ------------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name PCI-PAL PLC
--- ------------------------- -----------------------------------
b) LEI n/a
--- ------------------------- -----------------------------------
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 Ordinary shares of 1p each
the financial ("Ordinary Shares")
instrument, type
of instrument
Identification ISIN Code: GB0009737155
code
--- ------------------------- -----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
33 pence (Exercise
Price) 325,000
--- ------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -----------------------------------
e) Date of the transaction 25/05/2017
--- ------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name James Barham
--- ------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chief Commercial Officer
--- ------------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name PCI-PAL PLC
--- ------------------------- -----------------------------------
b) LEI n/a
--- ------------------------- -----------------------------------
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 Ordinary shares of 1p each
the financial ("Ordinary Shares")
instrument, type
of instrument
Identification ISIN Code: GB0009737155
code
--- ------------------------- -----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
33 pence (Exercise
Price) 300,000
--- ------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -----------------------------------
e) Date of the transaction 25/05/2017
--- ------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Sadie Ahier
--- ------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Operations Director
--- ------------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name PCI-PAL PLC
--- ------------------------- -----------------------------------
b) LEI n/a
--- ------------------------- -----------------------------------
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 Ordinary shares of 1p each
the financial ("Ordinary Shares")
instrument, type
of instrument
Identification ISIN Code: GB0009737155
code
--- ------------------------- -----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
33 pence (Exercise
Price) 300,000
--- ------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -----------------------------------
e) Date of the transaction 25/05/2017
--- ------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name David Swift
--- ------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Channel Director
--- ------------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name PCI-PAL PLC
--- ------------------------- -----------------------------------
b) LEI n/a
--- ------------------------- -----------------------------------
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 Ordinary shares of 1p each
the financial ("Ordinary Shares")
instrument, type
of instrument
Identification ISIN Code: GB0009737155
code
--- ------------------------- -----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
33 pence (Exercise
Price) 200,000
--- ------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -----------------------------------
e) Date of the transaction 25/05/2017
--- ------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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