Grant of awards under the Long Term Incentive Plan

Mind Gym PLC

29 August 2024

 

29 August 2024

Mind Gym plc

("MindGym" or the "Company")

Grant of awards under the Long Term Incentive Plan

MindGym (AIM: MIND), the global provider of human capital and business improvement solutions, announces the following awards made on 28 August 2024 under the Company's Long Term Incentive Plan ("LTIP"):

·      Christoffer Ellehuus, Chief Executive Officer and a Director of the Company, was awarded 1,754,385 nil-cost options over ordinary shares of 0.1 pence each in the Company under the LTIP; and

·      Emily Fyffe, Chief Financial Officer designate was awarded 345,398 nil-cost options over ordinary shares of 0.1 pence each in the Company under the LTIP.

In accordance with the LTIP rules, such awards have a vesting period of three years and are exercisable up to the tenth anniversary of the award date or earlier if the Board decides otherwise. Vesting is subject to performance conditions, which have been set based on revenue (35% of the award) earnings before interest, tax, depreciation and amortisation ("EBITDA") margin (15% of the award) and tenure (50% of the award).

Enquiries

Mind Gym plc	[phone]
Dominic Neary (CFO) [e-mail]
Panmure Liberum (Nominated Adviser and Broker)	[phone]
Nick How Anake Singh
MHP	[phone]
Reg Hoare Katie Hunt Veronica Farah [e-mail]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christoffer Ellehuus
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mind Gym plc
b)	LEI	213800ER1PA5QSNKIL80
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 Identification code	Ordinary Shares of 0.1 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1,754,385
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	28 August 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emily Fyffe
2	Reason for the notification
a)	Position/status	Chief Financial Officer designate
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mind Gym plc
b)	LEI	213800ER1PA5QSNKIL80
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 Identification code	Ordinary Shares of 0.1 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 345,398
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	28 August 2024
f)	Place of the transaction	Outside a trading venue

 

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