Share Option Awards

Sorted Group Holdings PLC

06 December 2024

 

   6 December 2024

Sorted Group Holdings plc

("Sorted", the "Company" or the "Group")

Share Option Awards

Sorted (AIM: SORT), a leading provider of delivery experience and post-purchase technology, announces the implementation of new share incentive awards ("New Awards") under the existing Sorted Group Holdings plc Share Option Plan to retain and incentivise key management personnel. The New Awards are being made to one Director of the Company, certain persons discharging managing responsibility ("PDMR"), as detailed below, together with several members of the senior management team.

The New Awards comprise the grant of a total of 669,000 new share options over ordinary shares of 62.5 pence each in the Company ("Ordinary Shares") (together the "Options"). The Options are subject to vest one third each on the first, second and third anniversary of the date of grant, subject to the Company achieving a minimum share price performance target of 75p, 90p and 110p respectively, in each case measured against the average closing mid-market price of an Ordinary Shares over the prior 30 days.

The Options have an exercise price of 62.5p and a ten-year life span from date of grant and can be exercised any time after the vesting conditions, outlined above, have been met. Any Ordinary Shares acquired on exercise of the Options must be held for a minimum of twelve months thereafter.

Further details of the allocation of the Options are outlined as follows:

Name	Number of Options Granted
Mahmoud Warriah - Chief Financial Officer (Director)	115,000
Paul Hill - Product Director (PDMR)	115,000
Victoria Hill - Carrier Director (PDMR)	115,000
Russell Waite - Engineering Director (PDMR)	115,000
Steve Allen - Dealer Principal (PDMR)	38,000
Senior managers (7)	171,000
Total	669,000

Following the grant of the Options, the total number of Ordinary Shares under option is 669,000, representing approximately 8.8% of the Company's current issued ordinary share capital.    

For further information please contact:

Sorted Group Holdings plc                                                                                                   Tel: [phone]

Simon Wilkinson, Chairman

Allenby Capital Limited (Nominated Adviser)                                                                  Tel: [phone]

David Hart

Vivek Bhardwaj

Turner Pope Investments (TPI) Ltd (Broker)                                                                   Tel: [phone]

James Pope

Andy Thacker

About Sorted

Sorted's Delivery Experience supports retailers in providing exceptional delivery experiences and analysing post-purchase performance. It enables customers to track deliveries of parcels with ease.

Founded more than a decade ago, Sorted is trusted by leading retailers - such as Asda, ASOS and M&S - to make customer purchase experiences a differentiator.

www.sorted.com

@SortedOfficial

Media contact - Shaun Weston - [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	1.     Mahmoud Warriah 2.     Paul Hill 3.     Victoria Hill 4.     Russell Waite 5.     Steve Allen
2	Reason for the notification
a)	Position/status	1.     Chief Financial Officer (Director) 2.     Product Director (PDMR) 3.     Carrier Director (PDMR) 4.     Engineering Director (PDMR) 5.     Dealer Principal (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Sorted Group Holdings Plc
b)	LEI	213800MKYV25HW2IAX70
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 62.5 pence each in Sorted Group Holdings Plc ("Ordinary Shares") Identification code (ISIN) for Ordinary Shares: GB00BPDX2041
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.     62.5p 2.     62.5p 3.     62.5p 4.     62.5p 5.     62.5p 1. 115,000 2. 115,000 3. 115,000 4. 115,000 5. 38,000
d)	Aggregated information: -      Aggregated volume -      Price	N/A
e)	Date of the transaction	5 December 2024
f)	Place of the transaction	Outside of a trading venue

 

END