Issue of Options

RNS Number : 4618S

PCI-PAL PLC

09 July 2020

 

PCI-PAL PLC

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

 

Grant of Share Options

PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions , today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to four employees discharging managerial responsibilities ("PDMR").

The grants made to PDMRs (the "PDMR Options") are as follows:

Name	Title	Options granted	Exercise price	Date of Grant	Earliest Vesting date
James Barham	CEO	250,000	40 pence	08/07/2020	08/07/2023
William Good	CFO	200,000	40 pence	08/07/2020	08/07/2023
Geoff Forsyth	CISO	20,000	40 pence	08/07/2020	08/07/2023
Jane Goodayle	SVP Global Marketing	135,000	40 pence	08/07/2020	08/07/2023

As part of this option grant, William Good has agreed to cancel 100,000 previously issued share options with an exercise price of 26.5 pence dated 12 November 2018.

Following the grant of the PDMR Options, the PDMRs hold the following share options and Ordinary Shares in the Company.

Name	Title	Options held	Ordinary Shares held	% of Ordinary Share capital of the Company
James Barham	CEO	775,000	138,812	0.23%
William Good	CFO	500,000	205,000	0.35%
Geoff Forsyth	CISO	345,000	1,343,371	2.27%
Jane Goodayle	SVP Global Marketing	185,000	0	0%

Further information is set out in the FCA Disclosure table below.

Terms of the Options

The PDMR Options 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 the closing mid-market price published by the London Stock Exchange) being greater than or equal to a benchmark price for a continuous 30 trading days following the date of grant (the "Benchmark Price").

Tranche of award	Benchmark Price
Initial 50%	40 pence (being the share price at the date of grant)
Further 25%	60 pence (being 50% above the share price at the date of grant)
Final 25%	80 pence (being 100% above the share price at the date of grant)

Additional options being issued to non PDMR employees

In addition to the above Options a further 210,000 share options have been issued to employees of the Group in line with the Group's policy that all employees should hold share options in the Company.

Following this announcement, there is a total of 5,711,667 options over Ordinary Shares, representing 9.64% 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]
Marc Milmo/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 provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other card payment data security rules and regulations.

With products served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments are light-touch, ensuring no degradation of service while achieving security and compliance.

PCI Pal has offices in London, Ipswich (UK) and Charlotte NC (USA). For more information visit  www.pcipal.com  or follow the team on Twitter: https://twitter.com/PCIPAL

 

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	James Barham
2.	Reason for the notification
a)	Position/status:	CEO / PDMR
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:	Options over Ordinary shares of 1 pence each ISIN Code: GB0009737155
b)	Nature of the transaction:	Grant of Options
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 250,000
d)	Aggregated information: · Aggregated volume: · Price:	N/A
e)	Date of the transaction:	08 July 2020
f)	Place of the transaction:	Outside of a trading venue

 

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	William Good
2.	Reason for the notification
a)	Position/status:	CFO / PDMR
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:	Options over Ordinary shares of 1 pence each ISIN Code: GB0009737155
b)	Nature of the transaction:	Grant of Options
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 200,000
d)	Aggregated information: · Aggregated volume: · Price:	N/A
e)	Date of the transaction:	08 July 2020
f)	Place of the transaction:	Outside of a trading venue

 

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Geoff Forsyth
2.	Reason for the notification
a)	Position/status:	CISO / PDMR
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:	Options over Ordinary shares of 1 pence each ISIN Code: GB0009737155
b)	Nature of the transaction:	Grant of Options
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 20,000
d)	Aggregated information: · Aggregated volume: · Price:	N/A
e)	Date of the transaction:	08 July 2020
f)	Place of the transaction:	Outside of a trading venue

 

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Jane Goodayle
2.	Reason for the notification
a)	Position/status:	SVP Global Marketing / PDMR
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:	Options over Ordinary shares of 1 pence each ISIN Code: GB0009737155
b)	Nature of the transaction:	Grant of Options
c)	Price(s) and volume(s):	Price(s) Volume(s) 40 pence 135,000
d)	Aggregated information: · Aggregated volume: · Price:	N/A
e)	Date of the transaction:	08 July 2020
f)	Place of the transaction:	Outside of a trading venue

 

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