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CentralNic Group PLC (CNIC)

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Tuesday 01 June, 2021

CentralNic Group PLC

Share Awards and Exercise of Options

RNS Number : 4132A
CentralNic Group PLC
01 June 2021
 

1 June 2021

CentralNic Group plc

 

("CentralNic" or the "Company")

 

(AIM: CNIC)

 

Share Awards and exercise of Options

 

CentralNic announces that on 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 including persons discharging managerial responsibilities ("PDMRs") of CentralNic ("Awards"). CentralNic has had an extended period of corporate activity over the past 12 months, which has prevented the Company from granting Awards under the Plans in its usual annual cycle of employee share incentives. The following Awards are now being granted in order to regularise the position in relation to Awards previously agreed in principle by the Remuneration Committee, subject to the Company coming out of a close period.

 

Grant of Awards

 

PDMR

Type of Award

Number of Ordinary Shares subject to Award

Exercise Price

Tracey Hickling

LTIP Award

393,471

Nil






 

   

The Awards granted to the PDMR on the table above and to certain other participants were granted as nil-cost options under the terms of the LTIP and/or the SOP (as relevant) over a total of 2,189,712 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 the exercise by the following PDMR of share options previously granted by the Company ("Options):

 

PDMR

Number of Ordinary Shares acquired on exercise of Options

Date of grant of Option

Ben Crawford

336,073

10 March 2020

Michael Riedl

48,611

1 August 2019

Michael Riedl

53,249

10 March 2020

Michael Riedl

231,050

10 March 2020

Tracey Hickling

100,000

1 June 2021

 

The exercise of options was satisfied by 768,983 shares from the CentralNic Employee Benefit Trust.

 

The table below summarising 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

Vesting date

Exercise price per Ordinary Share

Ben Crawford

1,316,000

1 September 2016

£0.10

Ben Crawford

850,000

1 September 2016

£0.57

Ben Crawford

2,500,000

16 July 2021

Nil

Ben Crawford

672,146

1 March 2021 - 1 March 2023

Nil

Ben Crawford

1,008,219

1 March 2022 - 1 March 2024

Nil

Ben Crawford

1,008,218

1 March 2023 - 1 March 2025

Nil

Don Baladasan

2,000,000

16 July 2021

Nil

Don Baladasan

879,452

1 March 2021 - 1 March 2023

Nil

Don Baladasan

879,452

1 March 2022 - 1 March 2024

Nil

Don Baladasan

879,452

1 March 2023 - 1 March 2025

Nil

Thomas Rickert

88,000

2 September 2016

£0.57

Thomas Rickert

350,000

3 February 2019

£0.40

Tom Pridmore

88,000

2 September 2016

£0.57

Tom Pridmore

350,000

3 February 2019

£0.40

Mike Turner

750,000

15 September 2018

£0.40

Iain McDonald

350,000

26 October 2018

£0.40

Iain McDonald

500,000

10 March 2023

Nil

Michael Riedl

48,611

1 January 2022

Nil

Michael Riedl

106,499

1 January 2023

Nil

Michael Riedl

462,100

1 March 2021 - 1 March 2023

Nil

Michael Riedl

693,150

1 March 2022 - 1 March 2024

Nil

Michael Riedl

693,150

1 March 2023 - 1 March 2025

Nil






 

 

A total number of 22,380,758 Ordinary Shares are held under options granted to all employees and Directors of the CentralNic group.

 

Issue of Ordinary Shares

 

CentralNic further announces that it has issued and allotted 17,422,058 Ordinary Shares to RBC Cees Trustee Limited ("RBC") the trustee of the CentralNic Employee Benefit Trust ("EBT") in order to satisfy the potential future exercise of Options held by employees of the Company under its employee share schemes . The EBT now holds a number of shares equivalent to the number of options granted to all employees and Directors of the CentralNic group. All dividend and voting rights attaching to these Ordinary Shares are waived whilst held by the EBT.

 

Application has been made to the London Stock Exchange for the admission of the Ordinary Shares which are expected to be admitted to trading on or around 7 June 2021. Following the admission, the Company will have 251,160,084 Ordinary Shares in issue.

 

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

Tracey Hickling

2


Reason for the notification

a)


Position/status

Chief People Officer

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

Grant of a nil-cost option under the LTIP

c)


Price(s) and volume(s)

 

  Price(s)

Volume(s)

0p

393,472

d)


Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)


Date of the transaction

1 June 2021

f)


Place of the transaction

London Stock Exchange, AIM

 

 


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Crawford

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

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

c)

Price(s) and volume(s)

Exercise of share option

  Price(s)

Volume(s)

op

336,073

 

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

1 June 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

 


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Riedl

2

Reason for the notification

a)

Position/status

Chief Financial Officer

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

c)

Price(s) and volume(s)

Exercise of share option

  Price(s)

Volume(s)

op

 

op

 

op

48,611

 

53,249

 

231,050

 

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

1 June 2021

f)

Place of the transaction

London Stock Exchange, AIM

 


1


Details of the person discharging managerial responsibilities / person closely associated

a)


Name

Tracey Hickling

2


Reason for the notification

a)


Position/status

Chief People Officer

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

c)


Price(s) and volume(s)

 

  Price(s)

Volume(s)

0p

100,000

d)


Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)


Date of the transaction

1 June 2021

f)


Place of the transaction

London Stock Exchange, AIM

 

 

 

 

 

For further information:

 

CentralNic Group Plc

Ben Crawford, Chief Executive Officer

Don Baladasan, Group Managing Director

Michael Riedl, Group Financial Director

 

 

 

Tel:  +44 (0) 203 388 0600

Zeus Capital Limited (NOMAD and Joint Broker)

Nick Cowles / Jamie Peel (Corporate Finance)

John Goold / Rupert Woolfenden

(Institutional Sales)

 

 

 

Tel:  +44 (0) 161 831 1512

Tel:  +44 (0) 20 3829 5000

 

Stifel (Joint Broker)

Fred Walsh / Alex Price / Richard Short

 

 

 

Tel:  +44 (0)20 7710 7600

SEC Newgate (for Media)

Bob Huxford

Tom Carnegie

 

Tel:  +44 (0) 203 757 6880

[email protected]

 

 

 

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