Director/PDMR Shareholding

RNS Number : 2599D

Ten Lifestyle Group PLC

25 June 2019

 

25 June 2019

Ten Lifestyle Group Plc

("Ten" or the "Company")

Issue of Options

Ten Lifestyle Group Plc (AIM: TENG), announces that the Company has issued 624,831 options over ordinary shares in the Company ("Ordinary Shares") to employees pursuant to the Ten Lifestyle Group Plc Management Incentive Plan dated 9 November 2017 (the "MIP") and Company Share Option Plan dated 24 August 2017 (the "CSOP").

Certain of the options have been granted to persons discharging managerial responsibilities ("PDMRs"). Alex Cheatle has been issued nil cost options over 200,000 Ordinary Shares and options over 33,708 Ordinary Shares at 89 pence each. Following the issue of Options, Alex will be interested in options over 633,708 Ordinary Shares in total. Andrew Long has been issued nil cost options over 100,000 Ordinary Shares and options over 33,708 Ordinary Shares at 89 pence each. Following the issue of options, Andrew will be interested in options over 333,708 Ordinary Shares in total. Sarah Hornbuckle has been issued nil cost options over 30,000 Ordinary Shares and options over 33,708 Ordinary Shares at 89 pence each. Following the issue of options, Sarah will be interested in options over 123,708 Ordinary Shares in total. Alan Donald, Chief Finance Officer, has been issued options over 33,708 Ordinary Shares at 89 pence each. Following the issue of options, Alan will be interested in options over 33,708 Ordinary Shares in total. Malcolm Berry, President, Americas, has been issued nil cost options over 32,000 Ordinary Shares. Following the issue of options, Malcolm will be interested in options over 104,000 Ordinary Shares in total.

On 29 November 2018, Francesco De Marchis, Global Chief Technology Officer, was issued nil cost options over 344,828 Ordinary Shares. Following the issue of options, Francesco is interested in options over 491,670 Ordinary Shares in total.

The MIP options will vest following announcement of the Company's financial results for the year ending 31 August 2021, subject to the conditions of the MIP. The CSOP options will become exercisable on the third anniversary of the date of grant.

The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to the issue of options.

For further information, please visit https://www.tengroup.com/ or contact:

Ten Lifestyle Group Plc Alex Cheatle, Chief Executive Officer Alan Donald, Chief Financial Officer Kerry Anderson, Head of PR	via Tavistock [phone]
Jefferies International Limited, Nominated Advisor Simon Hardy Christopher Binks	[phone]
Peel Hunt LLP, Joint Broker Ed Knight Peter Stewart Nick Prowting	[phone]
Tavistock, Financial PR & IR Jos Simson Simon Hudson Jenny Boyd	[phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Cheatle
2	Reason for the notification
a)	Position/status	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	Ten Lifestyle Group Plc
b)	LEI	213800YK94ZUOJUMN686
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	Options over ordinary shares of 0.1p each
	Identification code	ISIN: GB00BF188X60
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost option	200,000
			Exercise price of £0.89	33,708
d)	Aggregated information
	- Aggregated volume	233,708
	- Price	NA
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Long
2	Reason for the notification
a)	Position/status	Group Chief Operational Officer and Chief Executive Officer (Asia)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ten Lifestyle Group Plc
b)	LEI	213800YK94ZUOJUMN686
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	Options over ordinary shares of 0.1p each
	Identification code	ISIN: GB00BF188X60
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost option	100,000
			Exercise price of £0.89	33,708
d)	Aggregated information
	- Aggregated volume	133,708
	- Price	NA
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Hornbuckle
2	Reason for the notification
a)	Position/status	Client Services Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ten Lifestyle Group Plc
b)	LEI	213800YK94ZUOJUMN686
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	Options over ordinary shares of 0.1p each
	Identification code	ISIN: GB00BF188X60
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost option	30,000
			Exercise price of £0.89	33,708
d)	Aggregated information
	- Aggregated volume	63,708
	- Price	NA
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Donald
2	Reason for the notification
a)	Position/status	Chief Finance Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ten Lifestyle Group Plc
b)	LEI	213800YK94ZUOJUMN686
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	Issue of Options
	Identification code	ISIN: GB00BF188X60
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Exercise price of £0.89	33,708
d)	Aggregated information
	- Aggregated volume
	- Price	NA
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Malcolm Berry
2	Reason for the notification
a)	Position/status	President, Americas (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ten Lifestyle Group Plc
b)	LEI	213800YK94ZUOJUMN686
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	Issue of Options
	Identification code	ISIN: GB00BF188X60
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost option	32,000
d)	Aggregated information
	- Aggregated volume	32,000
	- Price	NA
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Francesco De Marchis
2	Reason for the notification
a)	Position/status	Global Chief Technology Officer (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ten Lifestyle Group Plc
b)	LEI	213800YK94ZUOJUMN686
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	Issue of Options
	Identification code	ISIN: GB00BF188X60
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil cost option	344,828
d)	Aggregated information
	- Aggregated volume	344,828
	- Price	NA
e)	Date of the transaction	29 November 2018
f)	Place of the transaction	Outside a trading venue

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

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