PCI-PAL PLC Grant of Share Options (2958V)
April 13 2021 - 04:14AM
UK Regulatory
TIDMPCIP
RNS Number : 2958V
PCI-PAL PLC
13 April 2021
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Grant of Share Options
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure
payment solutions for business communications , today announces
that it has granted options ("Options") over ordinary shares of 1
pence each ("Ordinary Shares") to a person disclosing managerial
responsibilities ("PDMR").
Mufti Monim, who joined the Group on 12 April 2021 as the Chief
Technical Officer (CTO), has been granted 250,000 Options (the
"PDMR Grant") as follows:
Name Title Options Date of Grant Earliest Vesting
granted date
Mufti Monim CTO 250,000 12/04/2021 12/04/2024
------ --------- -------------- -----------------
Following the PDMR Grant, Mufti Monim holds options over 250,000
Ordinary Shares.
He does not hold any Ordinary Shares .
Further information is set out in the FCA Disclosure table
below.
Terms of the Options
The exercise price is 113.50 pence per Ordinary Share, being the
closing mid-market price published by the London Stock Exchange on
9 April 2021, and the Options will vest after 12 April 2024 subject
to the recipient having remained in continuous employment prior to
any exercising of Options and that the following performance
criteria have been met.
The terms of vesting are as follows:
Tranche of award Vesting Criteria
50% of the grant The Option shall be exercisable over
Options 50% of the Option Shares (rounded down
to the nearest whole Share) if the price
of the Company's shares, as determined
by the previous dealing day's closing
price (derived from the London Stock
Exchange or as published in the Financial
Times) ("Company Share Price") is equal
to or greater than 113.5 pence per share
during any continuous 30 day period
falling after the Date of Grant
--------------------------------------------
25% of the grant The Option shall be exercisable over
Options an additional 25% of the Option Shares
(rounded down to the nearest whole Share)
if the Company Share Price is equal
to or greater than 170.25 pence per
share during any continuous 30 day period
falling after the Date of Grant.
--------------------------------------------
25% of the grant The Option shall be exercisable over
Options an additional 25% of the Option Shares
(rounded down to the nearest whole Share)
if the Company Share Price is equal
to or greater than 227.0 pence per share
during any continuous 30 day period
falling after the Date of Grant.
--------------------------------------------
Following this announcement, there is a total of 6,056,667
options over Ordinary Shares, representing 10.16% of the current
issued share capital of the Company.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
For further information, please contact:
PCI-PAL PLC Via Walbrook PR
James Barham - Chief Executive
Officer
William Good - Chief Financial
Officer
finnCap (Nominated Adviser and
Broker) +44 (0) 20 7227 0500
Marc Milmo/Simon Hicks (Corporate
Finance)
Richard Chambers (Corporate Broking)
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper/Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS")
solutions that empower companies to take payments from their
customers securely, adhere to strict industry governance, and
remove their business from the significant risks posed by
non-compliance and data loss. Our products secure payments and data
in any business communications environment including voice, chat,
social, email, and contact centre. We are integrated to, and resold
by, some of the worlds' leading business communications vendors, as
well as major payment service providers.
The entirety of our product-base is available from our global
cloud platform hosted in Amazon Web Services ("AWS"), with regional
instances across EMEA, North America, and ANZ. PCI Pal products can
be used by any size organisation globally, and we are proud to work
with some of the largest and most respected brands in the
world.
For more information visit www.pcipal.com or follow the team on
Linkedin: https://www.linkedin.com/company/pci-pal/
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mufti Monim
----------------------------------------- -----------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status: Chief Technical Officer /
PDMR
----------------------------------------- -----------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name: PCI PAL PLC
----------------------------------------- -----------------------------
b) LEI: 213800XTX34IQYMYES95
----------------------------------------- -----------------------------
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, Options over Ordinary shares
type of instrument: of 1 pence each
Identification code:
ISIN Code: GB0009737155
----------------------------------------- -----------------------------
b) Nature of the transaction: Grant of Options
----------------------------------------- -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
113.50 pence 250,000
----------
----------------------------------------- -----------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 12 April 2021
----------------------------------------- -----------------------------
f) Place of the transaction: Off market transaction
----------------------------------------- -----------------------------
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END
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