Grant of SAYE Options and PDMR Dealings

RNS Number : 4181O

Mind Gym PLC

02 October 2019

 

2 October 2019

Mind Gym plc 

("Mind Gym" or the "Company")

Grant of SAYE Options and PDMR Dealings

Mind Gym (AIM: MIND), the global provider of human capital and business improvement solutions, is pleased to announce that it has launched a Save As You Earn Scheme (the "SAYE" Scheme) for all eligible employees in the UK, Singapore and Canada.

Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.001 pence each ("Ordinary Shares") which have been granted at an exercise price of 104 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. This represents a 15% discount to the closing middle market price of an Ordinary Share on 6 September 2019, the dealing day before the invitation was made. The Options were issued on 30 September 2019 for a period of 10 years and are exercisable from 30 September 2022 onwards.

A total of 78 out of 148 eligible employees have elected to participate in the SAYE scheme. As a result a total of 577,116 Options have been granted in respect of the 2019 SAYE Scheme, representing 0.6% of the Company's issued share capital.

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2019 SAYE Scheme:

PDMR	Title	Options granted
Richard Steele	Chief Financial Officer	17,307
Pui-Wai Yuen	Senior Practice Lead	17,307

The Company has also implemented an Employee Stock Purchase Plan ("Plan") for US employees over the Ordinary shares. The Plan has a contract start date of 30 September 2019 and Ordinary Shares are purchased automatically on 30 September 2020. A total of 37 out of 96 eligible employees have enrolled in the Plan.

Enquiries:    

Mind Gym plc	[phone]
Octavius Black (CEO) Joanne Cash (Chair) Richard Steele (CFO) [e-mail]
Liberum (Nominated Adviser and Broker)	[phone]
Bidhi Bhoma Joshua Hughes Euan Brown
Maitland/AMO (for media enquiries)	[phone]
Al Loehnis Sam Cartwright [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	Richard Steele
2	Reason for the notification
a)	Position/status	Chief Financial 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  0.001 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of options under the Save As You Earn (SAYE) scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.04 17,307
d)	Aggregated information (if any) - Aggregated volume - Price	17,307 £1.04
e)	Date of transaction	30 September 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pui-Wai Yuen
2	Reason for the notification
a)	Position/status	Senior Practice Lead
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  0.001 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of options under the Save As You Earn (SAYE) scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.04 17,307
d)	Aggregated information (if any) - Aggregated volume - Price	17,307 £1.04
e)	Date of transaction	30 September 2019
f)	Place of the transaction	Outside a trading venue

 

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