Share Awards and Exercise of Options

RNS Number : 3219W

CentralNic Group PLC

17 April 2023

 

17 April 2023

CentralNic Group plc

("CentralNic" or the "Company")

(AIM: CNIC)

Share Awards and Exercise of Options

Share Awards

CentralNic announces that on 14^th April 2023 it has made awards over ordinary shares of 0.001 each ("Ordinary Shares") under the CentralNic Group plc Long Term Incentive Plan and the CentralNic Group plc Share Option Plan (the "LTIP" and "SOP") to Group employees of CentralNic ("Awards"). 

The Awards were granted as nil-cost options under the terms of the LTIP and/or the SOP (as relevant) over a total of 1,504,619 Ordinary Shares. The Awards under the LTIP and SOP vest over a three-year period subject to the continued employment of the Award holder.

Exercise of Options

CentralNic further announces that on 14 April 2023 Michael Riedl, CEO, has exercised the following share options previously granted by the Company ("Options):

PDMR	Number of Ordinary Shares acquired on exercise of Options	Date of grant of Option
Michael Riedl	53,250	10 March 2020
Michael Riedl	231,050	10 March 2020
Michael Riedl	231,050	10 March 2020
Michael Riedl	173,288	10 March 2020

The exercise of options was satisfied by 688,638 shares from the CentralNic Employee Benefit Trust. Michael Riedl intends to keep all the shares acquired through the exercise of his options and has no plans to sell any shares in the foreseeable future.

Following the exercise of his options, Michael Riedl holds 2,726,776 Ordinary Shares, representing 0.95% of the total voting rights of the Company.

The table below summarises 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		Issue Date	Vesting date	Exercise price per Ordinary Share
Michael Riedl		231,050	10 March 2020	1 March 2022 - 1 March 2024	Nil
Michael Riedl		462,100	10 March 2020	1 March 2023 - 1 March 2025	Nil
William Green		18,181	7 March 2022	1 Jan 2023 - 1 Jan 2025	Nil

A total number of 9,801,242 Ordinary Shares are held under options granted to all employees and Directors of the CentralNic group.

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	Michael Riedl
2	Reason for the notification
a)	Position/status	CEO
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) 0p 0p 0p 0p 53,250 231,050 231,050 173,288
d)	Aggregated information - Aggregated volume - Price	Transaction Type Aggregated Volume Aggregated Price Exercise of Options  688,638 0p
e)	Date of the transaction	14 April 2023
f)	Place of the transaction	Outside of trading venue

For further information contact:

CentralNic Group Plc Michael Riedl , Chief Executive Officer William Green, Chief Financial Officer	[phone]
Zeus Capital Limited (NOMAD Joint Broker) Nick Cowles / Jamie Peel / James Edis (investment Banking) Dominic King (Corporate Broking)	[phone] [phone]
Berenberg (Joint Broker) Mark Whitmore  /  Richard Andrews  / Alix Mecklenburg-Solodkoff	[phone]
SEC Newgate (for Media) Bob Huxford  /  Alice Cho / Harry Handyside	[phone] [e-mail]

 

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