Grant of share options

RNS Number : 7404G

PCI-PAL PLC

31 May 2017

 

PCI-PAL PLC
("PCI-PAL" or the "Company")

Grant of Options

PCI-PAL PLC, the customer engagement specialist focussed on secure payment solutions, is pleased to announce the grant of share options on 25 May 2017 to all the staff of the Company over a total of 3,065,000 Ordinary Shares of 1 pence each at an exercise price of 33 pence (the "Grant"), being the share price* to the nearest whole pence on 3 October 2016, the day that the completion of the disposal of the call centre operations was reconfirmed to the market.  

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

Name	Title	No. of Share Options granted	Date of Grant	Earliest Vesting date
William Good	CFO & Main Board Director	300,000	25/05/2017	25/05/2020
Geoffrey Forsyth	CTO & Main Board Director	325,000	25/05/2017	25/05/2020
James Barham	CCO & Main Board Director	300,000	25/05/2017	25/05/2020
Sadie Ahier	Operations Director	300,000	25/05/2017	25/05/2020
David Swift	Channel Director	200,000	25/05/2017	25/05/2020

William Catchpole, Chief Executive Officer and owner of 9.3 per cent. of the Company's issued share capital, has waived his rights to participate in the Grant.

The options will vest after a three-year period subject to the recipient having remained in continuous employment with the Company.  In addition, the vesting of the options in three tranches is also conditional upon the Company's share price* being greater than or equal to a benchmark price for any continuous period of 30 trading days following the date of grant  (the "Benchmark Price") as follows:

Tranche of award	Benchmark Price
Initial 50%	44 pence (being the share price* to the nearest pence at the date of grant, the "Grant Price")
Further 25%	66 pence (being 50% above the Grant Price)
Further 25%	88 pence (being 100% above the Grant Price)

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

Un-exercised options will lapse ten years from the date of Grant.

The Grant represents approximately 9.7% of the current issued share capital of the Company.  Not withstanding the authority authorised by the shareholders to allot up to 20% of the issued share capital of the Company as share options, the Directors have agreed to cap the total amount of share options to be made available under the option plan to 15% of the then issued share capital of the Company.  The Directors believe this will retain sufficient headroom to attract, retain and incentivise new and existing staff as the business continues to deliver its expansion strategy.

Further information is provided belowin accordance with the requirements of the EU Market Abuse Regulation:

For further details, please contact:

PCI-PAL PLC William Catchpole - Chief Executive Officer William Good - Chief Financial Officer	Via Walbrook PR
N+1 Singer (Nomad & Broker) Aubrey Powell / James White	[phone]
Walbrook PR Tom Cooper / Paul Vann	[phone] [phone] [e-mail]

Notes to Editors:

PCI-PAL is a Payment Card Industry-Data Security Standard Level 1 certified supplier of contact centre payment solutions and services enabling organisations to take customer payments securely, to store customer data safely, in particular credit card data, and to de-risk their business from the threat of data loss and cybercrime. 

PCI-PAL solutions are currently used in more than 60 organisations, many of which are global businesses in the retail, services, and utilities sectors, utilising PCI-PAL technology to ensure they meet industry rules and regulations governing customer data protection.

In May 2018, the new General Data Protection Regulations come into force across the EU. Material data breaches can now lead to fines of up to 4% of an offending organisation's worldwide turnover.   This, together with the PCI regulations, means that all organisations who take contact centre payments need to carefully monitor and control their PCI and data compliance.

The shares of PCI-PAL PLC and its predecessor have been admitted to trading on the AIM market of the London Stock Exchange since September 2000.

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Good
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	n/a
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 1p each ("Ordinary Shares") ISIN Code: GB0009737155
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s): Volume(s):        33 pence    (Exercise Price)    300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	25/05/2017
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Geoffrey Forsyth
2	Reason for the notification
a)	Position/status	Chief Technical Officer
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	n/a
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 1p each ("Ordinary Shares") ISIN Code: GB0009737155
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s): Volume(s):        33 pence    (Exercise Price)    325,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	25/05/2017
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Barham
2	Reason for the notification
a)	Position/status	Chief Commercial Officer
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	n/a
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 1p each ("Ordinary Shares") ISIN Code: GB0009737155
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s): Volume(s):        33 pence        (Exercise Price) 300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	25/05/2017
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sadie Ahier
2	Reason for the notification
a)	Position/status	Operations 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	n/a
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 1p each ("Ordinary Shares") ISIN Code: GB0009737155
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s): Volume(s):        33 pence   (Exercise Price)     300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	25/05/2017
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Swift
2	Reason for the notification
a)	Position/status	Channel 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	n/a
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 1p each ("Ordinary Shares") ISIN Code: GB0009737155
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s): Volume(s):        33 pence   (Exercise Price)     200,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	25/05/2017
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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