Ten Lifestyle Group PLC Grant of Options (6960X)
December 22 2023 - 1:00AM
UK Regulatory
TIDMTENG
RNS Number : 6960X
Ten Lifestyle Group PLC
22 December 2023
22 December 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 of 0.1 pence in the Company
("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"). The new MIP Options are being granted in respect
of the three year period ending on the announcement of the
Company's financial results for the year ending 31 August 2026
("FY26 Results").
PDMR Position Number of Resulting total
new MIP Options options held
granted over Ordinary
Shares
Alex Cheatle CEO 194,000 1,773,680
------------------- ----------------- ----------------
Andrew Long COO 94,000 1,153,350
------------------- ----------------- ----------------
Alan Donald CFO 94,000 743,914
------------------- ----------------- ----------------
Chief Proposition
Victoria Carvalho Officer 30,000 371,950
------------------- ----------------- ----------------
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
FY26 Results. 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 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
------------------------------ ------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1. n/a 194,000
--------- ----------
2. n/a 94,000
--------- ----------
3. n/a 94,000
--------- ----------
4. n/a 30,000
--------- ----------
------------------------------ ------------------------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 1. n/a 194,000
--------- ----------
2. n/a 94,000
* Price --------- ----------
3. n/a 94,000
--------- ----------
4. n/a 30,000
--------- ----------
------------------------------ ------------------------------------------------
e. Date of the transaction 22 December 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-Pemberon 3000
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc 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 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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