Grant of SAYE Options and PDMR Dealings

RNS Number : 7395X

Mind Gym PLC

02 September 2020

 

2 September 2020

Mind Gym plc 

("Mind Gym" or the "Company")

Grant of SAYE Options and PDMR Dealings

Mind Gym (AIM: MIND), the global provider of human capital and business improvement solutions, is pleased to announce that is has launched the second year of a Save As You Earn Scheme (the "SAYE Scheme") for all eligible employees in the UK, Singapore and Canada.

Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.001 pence each ("Ordinary Shares") which have been granted at an exercise price of 77 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. The exercise price represents a 15% discount to the closing middle market price of an Ordinary Share on 7 August 2020, the dealing day before the invitation was made. The Options have a contract start date of 1 September 2020 and are exercisable from 1 September 2023.

A total of 50 out of 120 eligible employees have elected to participate in the SAYE Scheme and a total of 567,461 Options have been granted in the 2020 scheme, representing 0.57% of the issued share capital.

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2020 SAYE Scheme:

PDMR	Title	Options granted
Jurgen Van Leeuwen	Practice Lead	7,012

The Company has also implemented an Employee Stock Purchase Plan ("Plan") for US employees over the Ordinary shares. The shares have a contract start date of 1 September 2020 and can be purchased from 1 September 2021. A total of 26 out of 93 eligible employees have enrolled in the in the Plan.

Enquiries:  

Mind Gym plc	[phone]
Octavius Black (CEO) Joanne Cash (Chair) Richard Steele (CFO) [e-mail]
Liberum (Nominated Adviser and Broker)	[phone]
Bidhi Bhoma Joshua Hughes Euan Brown
Maitland/AMO (for media enquiries)	[phone]
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	Jurgen Van Leeuwen
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 options under the Save As You Earn (SAYE) scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.77 7,012
d)	Aggregated information (if any) - Aggregated volume - Price	7,012 £0.77
e)	Date of transaction	1 September 2020
f)	Place of the transaction	Outside a trading venue

 

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