Share Awards and exercise of Options

RNS Number : 9343L

CentralNic Group PLC

06 January 2023

 

6 January 2023

CentralNic Group plc

("CentralNic" or the "Company")

(AIM: CNIC)

Share Awards and exercise of Options

CentralNic announces that on 5 January 2023 the following PDMRs have exercised share options previously granted by the Company ("Options):

PDMR	Number of Ordinary Shares acquired on exercise of Options	Exercise Price of Options	Date of grant of Option
Iain McDonald	350,000	40p	4 February 2016
Iain McDonald	500,000	0p	10 March 2020
Thomas Rickert	88,000	57p	1 September 2013
Thomas Rickert	350,000	40p	4 February 2016

The exercise of options was satisfied by 1,288,000 shares from the CentralNic Employee Benefit Trust. Only the minimum amount of shares required to fund the exercise price and partially settle the tax liabilities on the option exercise and the exercising NEDs intend to hold the remaining balance of shares. The total number of shares sold by Iain McDonald was 260,038 and the number sold by Thomas Rickert was 198,142. Net of this sale, Iain McDonald will retain 589,962 shares and Thomas Rickert 239,858 shares.

This exercise further aligns the Company's policy on NED remuneration with best practice in the UK and as a result none of the Non-Executive Directors of the company hold any share options. To achieve this, the Company has allowed Iain McDonald to exercise the options granted to him on 10 March 2020 ahead of its vesting date on 10 March 2023. The retained shares will be subject to a Lock in Deed until the vesting date of the corresponding options.

The table below summarising the total number of Ordinary Shares under options held by the Directors as at the date of this announcement:

Director	Number of Ordinary Share subject to options		Vesting date	Exercise price per Ordinary Share
Don Baladasan		293,151	1 March 2021 - 1 March 2023	Nil
Don Baladasan		586,302	1 March 2022 - 1 March 2024	Nil
Don Baladasan		879,452	1 March 2023 - 1 March 2025	Nil
Michael Riedl		53,250	1 January 2023	Nil
Michael Riedl		231,050	1 March 2021 - 1 March 2023	Nil
Michael Riedl		462,100	1 March 2022 - 1 March 2024	Nil
Michael Riedl		693,150	1 March 2023 - 1 March 2025	Nil

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	Iain McDonald
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CentralNic Group plc
b)	LEI	213800M4IINBWMXEKV82
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 GB00BCCW4X83
b)	Nature of the transaction	Exercise of share options & Sale
c)	Price(s) and volume(s)	Exercise of share option  Price(s) Volume(s) 40p 0p 350,000 500,000 Sale of Shares  Price(s) Volume(s) 152.4755p 260,038
d)	Aggregated information - Aggregated volume - Price	Transaction Type Aggregated Volume Aggregated Price Exercise of Options  850,000 140,000 GBP Sale of Shares 260,038 396,494.24 GBP
e)	Date of the transaction	5 January 2023
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Thomas Rickert
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CentralNic Group plc
b)	LEI	213800M4IINBWMXEKV82
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 GB00BCCW4X83
b)	Nature of the transaction	Exercise of share options
c)	Price(s) and volume(s)	Exercise of share option  Price(s) Volume(s) 57p 40p 88,000 350,000 Sale of Shares  Price(s) Volume(s) 152.4755p 198,142
d)	Aggregated information - Aggregated volume - Price	Transaction Type Aggregated Volume Aggregated Price Exercise of Options  438,000 190,160 GBP Sale of Shares 198,142 302,118.01 GBP
e)	Date of the transaction	5 January 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

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