Grant of Awards under the Long Term Incentive Plan

RNS Number : 1210U

Mind Gym PLC

31 March 2021

 

31 March 2021

Mind Gym plc 

("Mind Gym" or the "Company")

Grant of Awards under the Long Term Incentive Plan

Mind Gym announces that on 31 March 2021 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. Vesting is subject to performance conditions, which will be set within the next 3 months based on revenue (45% of each award), adjusted earnings per share ("EPS") (45% of each award) and total shareholder return ("TSR") targets (10% of each award).

PDMR	Title	Type of Award	Options granted
Wei-Li Chong	President: US	Restricted stock	334,753
Janet Ahn	Chief Behavioral Science Officer	Restricted stock	146,454
Desi Kimmins	Chief Commercial Officer EMEA	Nil-cost option	144,230
Elaine Safier	Chief Digital Officer	Nil-cost options	288,461
Richard Steele	Chief Financial Officer	Nil-cost options	138,461
Keli Frazier Cox	Chief Commercial Officer US	Restricted stock	146,454
Pui-Wai Yuen	Practice Lead	Nil-cost options	53,846
Ketan Patel	Practice Lead	Restricted stock	55,792
Sarah Donovan	Practice Lead	Restricted stock	55,792
Ravi Gupta	Practice Lead	Restricted stock	76,714

 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
MHP (for media enquiries)	[phone]
Reg Hoare Katie Hunt [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 334,753
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Janet Ahn
2	Reason for the notification
a)	Position/status	Chief Behavioral Science 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 restricted stock awards under the Long-Term Incentive Plan (LTIP)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 146,454
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
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 144,230
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
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 288,461
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Steele
2	Reason for the notification
a)	Position/status	Chief Financial 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 138,461
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keli Frazier Cox
2	Reason for the notification
a)	Position/status	Chief Commercial Officer 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 146,454
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pui-Wai Yuen
2	Reason for the notification
a)	Position/status	Practice Lead
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 53,846
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ketan Patel
2	Reason for the notification
a)	Position/status	Practice Lead
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 55,792
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Donovan
2	Reason for the notification
a)	Position/status	Practice Lead
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 55,792
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ravi Guptha
2	Reason for the notification
a)	Position/status	Practice Lead
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 76,714
d)	Aggregated information (if any) - Aggregated volume - Price	N/A - single transaction
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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