Director/PDMR Shareholding

RNS Number : 7242E

Pod Point Group Holdings PLC

14 March 2022

 

14 March 2022

Pod Point Group Holdings plc

(the "Company" or "Pod Point")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR')

The Company announces that, on 11 March 2022, it granted a Nil Cost Option ("Option") over Ordinary Shares of £0.001 each in the Company ("Shares"), in accordance with the Rules of the Pod Point Long-Term Incentive Plan ("LTIP"), to Erik Fairbairn, Chief Executive Officer of the Company.

Vesting of the Option is subject to the Rules of the LTIP and upon continued employment to the normal vesting date and the achievement of performance conditions. The performance conditions applicable to the Option are based on (1) revenue in 2024, (2) recurring and owned asset revenue in 2024, (3) cumulative adjusted EBITDA, and (4) proportion of the Pod Point UK leased or owned vehicle fleet that are Battery Electric Vehicles (BEV) or Range-extended hybrid vehicles (REX) (25% weighting for each measure).

The number of Shares under Option that will vest will depend upon the extent to which the performance conditions have been achieved.

No consideration is payable either on the grant or vesting of the Option. The Option will normally vest three years from the date of grant.

This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

David Surtees

Chief Financial Officer

Enquiries

Tulchan Communications (Public relations advisor to Pod Point)	[phone] [e-mail]
James Macey White, Mark Burgess, Matt Low, Laura Marshall, Arthur Rogers

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Erik Fairbairn
2.	Reason for notification
a)	Position / status	Director / PDMR - Chief Executive Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pod Point Group Holdings plc
b)	LEI	213800MY9U5MEDG21D89
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	Ordinary shares of £0.001 each ISIN: GB00BNDRD100
b)	Nature of the transaction	Award of Nil Cost Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 368,182
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	2022-03-11
f)	Place of the transaction	Outside of a trading venue

 

END

 

 

DSHBUGDXRUBDGDS