Grant of Awards under the Long Term Incentive Plan

RNS Number : 2879I

Mind Gym PLC

31 March 2020

 

31 March 2020

Mind Gym plc 

("Mind Gym" or the "Company")

Grant of Awards under the Long Term Incentive Plan

Mind Gym announces that on 31 March 2020 it has made awards to the Persons Discharging Managerial Responsibility (PDMRs) set out below over ordinary shares of 0.001 pence each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP rules, awards to PDMRs based in the UK are in the form of nil-cost options and awards to PDMRs based in the US are in the form of restricted stock. The vesting period for all awards are between three and five years and are exercisable up to the tenth anniversary of the award date or earlier if the Board decide otherwise.

PDMR	Title	Type of Award	Options granted
Wei-Li Chong	President: US	Restricted stock	82,723
Desi Kimmins	Chief Commercial Officer EMEA	Nil-cost option	150,000
Elaine Safier	Chief Digital Officer	Nil-cost options	250,000

 Enquiries

Mind Gym plc	[phone]
Octavius Black (CEO) Joanne Cash (Chair) Richard Steele (CFO) [e-mail]
Liberum (Nominated Adviser and Sole Broker)	[phone]
Bidhi Bhoma Joshua Hughes Euan Brown
Maitland/AMO (for media enquiries)	[phone]
Al Loehnis Sam Cartwright [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	Wei-Li Chong
2	Reason for the notification
a)	Position/status	President: US
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mind Gym plc
b)	LEI	213800ER1PA5QSNKIL80
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 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of restricted stock awards under the Long-Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 82,723
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Desi Kimmins
2	Reason for the notification
a)	Position/status	Chief Commercial Officer EMEA
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mind Gym plc
b)	LEI	213800ER1PA5QSNKIL80
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 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 150,000
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Elaine Safier
2	Reason for the notification
a)	Position/status	Chief Digital Officer
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mind Gym plc
b)	LEI	213800ER1PA5QSNKIL80
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 pence each ISIN: GB00BF3SQB83
b)	Nature of the transaction	Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 250,000
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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