Director/PDMR Shareholding

RNS Number : 8842H

Photo-Me International PLC

06 August 2021

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

6 August 2021

Photo-Me International PLC

(the "Company")

Notification of Transactions of Persons Discharging Managerial Responsibility (PDMRs)

The Company announces that the following Directors were yesterday granted share options over ordinary shares of 0.5 pence each of the Company ("Ordinary Shares") under the Company's Executive Share Option Scheme (2014) (the "Scheme").

Under the Scheme, Serge Crasnianski was awarded an option over 1,000,000 Ordinary Shares; Jean-Marc Janailhac was awarded an option over 400,000 Ordinary Shares; and Tania Crasnianski was awarded an option over 96,774 Ordinary Shares; in each case (and in line with previous awards) subject to the Company's achieving certain performance criteria based on 2023 earnings per share ("EPS"). Under the scheme, 25% of the award will vest on achieving an EPS of 8 pence per share through to 100% of the award vesting should an EPS of 10.5 pence or more per share be achieved, with straight-line vesting in between.

No consideration was paid for the grant which is structured as a nil-cost option. The number of options over Ordinary Shares has been calculated using an Ordinary Share price of 77.5 pence per share. The options will vest three years after the date of grant and will remain exercisable until the seventh anniversary of the date of grant.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Serge Crasnianski
2	Reason for the notification
a)	Position/status	Chief Executive Officer & Deputy Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Photo-Me International PLC
b)	LEI	2138006YJ65EKBYYYX41
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, type of instrument	Options over Ordinary shares of 0.5p each in the Company
	Identification code	GB0008481250
b)	Nature of the transaction	Grant of an option to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The option will vest three years after the date of grant and remain exercisable for four years after it vests.
c)	Price(s) and volume(s)
			Price per share	Volume(s)
			Nil cost	1,000,000
d)	Aggregated information
	- Aggregated volume	N /A - Single transaction
	- Price
e)	Date of the transaction	5 August 2021
f)	Place of the transaction	Outside trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jean-Marc Janailhac
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Photo-Me International PLC
b)	LEI	2138006YJ65EKBYYYX41
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, type of instrument	Options over Ordinary shares of 0.5p each in the Company
	Identification code	GB0008481250
b)	Nature of the transaction	Grant of an option to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The option will vest three years after the date of grant and remain exercisable for four years after it vests.
c)	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			Nil cost	400,000
d)	Aggregated information
	- Aggregated volume	N/A - Single transaction
	- Price
e)	Date of the transaction	5  August 2021
f)	Place of the transaction	Outside trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tania Crasnianski
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Photo-Me International PLC
b)	LEI	2138006YJ65EKBYYYX41
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, type of instrument	Options over Ordinary shares of 0.5p each in the Company
	Identification code	GB0008481250
b)	Nature of the transaction	Grant of an option to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The option will vest three years after the date of grant and remain exercisable for four years after it vests.
c)	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			Nil cost	96,774
d)	Aggregated information
	- Aggregated volume	N/A - Single transaction
	- Price
e)	Date of the transaction	5  August 2021
f)	Place of the transaction	Outside trading venue

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