Ten Lifestyle Group PLC Grant of Options (9848M)
September 20 2023 - 3:00AM
UK Regulatory
TIDMTENG
RNS Number : 9848M
Ten Lifestyle Group PLC
20 September 2023
20 September 2023
Ten Lifestyle Group plc
("Ten" or the "Company")
Grant of Options
Ten Lifestyle Group plc (AIM: TENG), announces that it has
granted options over Ordinary Shares to certain 'persons
discharging managerial responsibilities' of the Company ("PDMRs"),
pursuant to the Ten Lifestyle Group Plc Management Incentive Plan
dated 9 November 2017 ("MIP Options") and Company Share Option Plan
dated 24 August 2017 ("CSOP Options").
PDMR Position Number of Number of new Resulting total
new MIP Options CSOP Options options held
granted granted over Ordinary
Shares
Alex Cheatle CEO 200,000 15,306 1,579,680
------------------- ----------------- ------------- ----------------
Andrew Long Group COO 100,000 15,306 1,059,350
------------------- ----------------- ------------- ----------------
Alan Donald CFO 80,000 15,306 649,914
------------------- ----------------- ------------- ----------------
Chief Proposition
Victoria Carvalho Officer 32,000 15,306 341,950
------------------- ----------------- ------------- ----------------
The nil cost MIP Options will vest subject to the performance
conditions of the MIP Options based on total shareholder return
("TSR") over a three year period ending on the announcement of the
Company's financial results for the year ending 31 August 2025. The
Remuneration Committee believes the performance metrics
appropriately incentivise and are aligned with the Company's
strategic goals and the long-term interests of shareholders.
The CSOP Options become exercisable after three years, subject
to certain conditions, including appropriate bad leaver conditions.
The Remuneration Committee believes that granting CSOP Options is
aligned with the Company's strategic goals and the long-term
interests of shareholders as any gain from the exercise of CSOP
options is subject to the relative increase in the share price over
the three-year period.
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to the granting of
these options.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Alex Cheatle
2. Andrew Long
3. Alan Donald
4. Victoria Carvalho
------------------------------ ---------------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------
a. Position/status 1. CEO
2. Group COO
3. CFO
4. Chief Proposition Officer
------------------------------ ---------------------------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------ ---------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a. Name Ten Lifestyle Group plc
------------------------------ ---------------------------------------------------------
b. LEI 213800YK94ZUOJUMN686
------------------------------ ---------------------------------------------------------
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 Options over Ordinary Shares of 0.1 pence
the
Financial instrument, GB00BF188X60
type
of instrument
Identification
code
------------------------------ ---------------------------------------------------------
b. Nature of the Grant of options under the Management Incentive
transaction Plan and Company Share Option Plan
------------------------------ ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1. n/a 200,000
-------------------------- ----------
1. Exercise price of GBP0.98 15,306
-------------------------- ----------
2. n/a 100,000
-------------------------- ----------
2. Exercise price of GBP0.98 15,306
-------------------------- ----------
3. n/a 80,000
-------------------------- ----------
3. Exercise price of GBP0.98 15,306
-------------------------- ----------
4. n/a 32,000
-------------------------- ----------
4. Exercise price of GBP0.98 15,306
-------------------------- ----------
------------------------------ ---------------------------------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 1. n/a 200,000
-------------------------- ----------
1. Exercise price of GBP0.98 15,306
* Price -------------------------- ----------
2. n/a 100,000
-------------------------- ----------
2. Exercise price of GBP0.98 15,306
-------------------------- ----------
3. n/a 80,000
-------------------------- ----------
3. Exercise price of GBP0.98 15,306
-------------------------- ----------
4. n/a 32,000
-------------------------- ----------
4. Exercise price of GBP0.98 15,306
-------------------------- ----------
------------------------------ ---------------------------------------------------------
e. Date of the transaction 19 September 2023
------------------------------ ---------------------------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------ ---------------------------------------------------------
- End -
For further information please visit www.tenlifestylegroup.com
or call:
Ten Lifestyle Group plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Singer Capital Markets Advisory LLP, Nominated
Advisor and Broker
Corporate Finance: James Moat / Oliver Platts
Corporate Broking: Tom Salvesen / Charles +44 (0) 20 7496
Leigh-Pemberton 3000
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc ('Ten') partners with global financial
institutions and other premium brands to attract and retain wealthy
and mass affluent customers.
Millions of members have access to Ten's services across
lifestyle, travel, dining, entertainment and retail benefits on
behalf of over fifty clients including HSBC, Coutts, Morgan Stanley
and Royal Bank of Canada. Ten's partnerships are based on
multi-year contracts generating revenue through
platform-as-a-service and technology fees.
Ten's operations are underpinned by an increasingly
sophisticated personalisation platform comprising industry-first,
proprietary technology, thousands of supplier relationships and 25
years of proprietary expertise delivered from over 20 global
offices.
Ten is on a mission to become the most trusted service platform
in the world.
For further information please go to: www.tenlifestylegroup.com
.
.
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END
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