Grant of Options

RNS Number : 9752G

PCI-PAL PLC

12 November 2018

 

 

PCI-PAL PLC

("PCI Pal", the "Group" or the "Company")

Grant of Options

PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, today announces the grant ("Grant") of share options to a director of the Company and to other employees of the Group exercisable over a total of 435,000 ordinary shares of 1 pence each ("Ordinary Shares").

Persons discharging managerial responsibility (PDMRs) participating in the Grant are tabled below:

Name	Title	No Share Options granted	Date of Grant	Earliest Vesting date
William Good	CFO & Main Board Director	100,000	08/11/2018	08/11/2021

The PDMR option will vest after a three-year period subject to the recipient having remained in continuous employment.  In addition, certain performance conditions apply to the vesting of different tranches of each award as set out below.  In each case the vesting is further conditional upon the Company's share price* being greater than or equal to a benchmark price for a continuous period of 30 trading days following the date of grant (the "Benchmark Price"):

Tranche of award	Benchmark Price
Initial 50%	26.5 pence (being the share price at the date of grant)
Further 25%	40 pence (being 50% above the share price at the date of grant)
Further 25%	53 pence (being 100% above the share price at the date of grant)

* being the closing mid-market price published by the London Stock Exchange or as listed in the Financial Times"

Following this grant, William Good holds options over 400,000 shares and holds 140,000 Ordinary Shares.  The shareholding represents approximately 0.3% the current issued share capital of the Company.

In addition to the above grant, a further 335,000 share options have been issued to employees of the Group at an exercise price of 26.5 pence per share.  These options vest over a 36-month period and are subject to set performance criteria and continuous employment requirements.

The Company considers it important to attract, retain, and incentivise our employees through share incentive arrangements and to align them with shareholders to create long term value.

Following this announcement, the total number of options granted and outstanding is in respect of 4,566,667 Ordinary Shares representing 10.69% of the current issued share capital of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

For further information, please contact:

PCI-PAL PLC	Via Walbrook PR
James Barham - Chief Executive Officer William Good - Chief Financial Officer
finnCap (Nominated Adviser and Broker)	[phone]
Geoff Nash/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking)
Walbrook PR	[phone]
Tom Cooper/Paul Vann	[phone]
	[e-mail]

 

About PCI Pal:

PCI Pal is a Payment Card Industry-Data Security Standard ("PCI DSS") Level 1 certified supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.

To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/

 

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Thomas William Good
2.	Reason for the notification
a)	Position/status:	Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	PCI PAL PLC
b)	LEI:	213800XTX34IQYMYES95
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 1 pence each ISIN Code: GB0009737155
b)	Nature of the transaction:	Grant of options
c)	Price(s) and volume(s):
d)	Aggregated information: ·     Aggregated volume: ·     Price:	N/A
e)	Date of the transaction:	09 November 2018
f)	Place of the transaction:	Off market transaction

 

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