PCI-PAL PLC Grant of Share Options (8913G)
26 Julio 2019 - 6:00AM
UK Regulatory
TIDMPCIP
RNS Number : 8913G
PCI-PAL PLC
26 July 2019
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Grant of Share Options
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that
secures and protects payment card data for companies handling
payments by phone, today announces the grant ("Grant") of share
options ("Options"), over a total of 300,000 ordinary shares of 1
pence each ("Ordinary Shares") to Hugh James, CTO of the Company
and a person discharging managerial responsibilities ("PDMR").
The Grant replaces a grant for the same number of share options
on the same terms made when Mr James joined the Group on 2 January
2019, which were not fully registered.
The details of the Grant are as follows:
Name Title No Share Options Date of Grant Earliest Vesting
granted date
Hugh James CTO 300,000 25/07/2019 2/01/2022
------ ----------------- -------------- -----------------
Terms of the Options
The terms and conditions of these options will match those
originally granted to Mr James on 2 January 2019.
The exercise price is 19.0 pence per Ordinary Share being the
closing mid-market price published by the London Stock Exchange on
2 January 2019 and the earliest vesting date is 2 January 2022,
subject to the recipient having remained in continuous employment
prior to any exercising of this Grant and subject to the conditions
below:
Tranche of award Vesting Criteria
150,000 Options Shall vest if the price of an Ordinary
Share is equal to or greater than the
Exercise Price during any continuous
30 day period falling after the Date
of Grant
-------------------------------------------
75,000 Options Shall vest if the price of an Ordinary
Share is equal to or greater than the
Exercise Price plus 50% (28.50 pence
per ordinary share) during any continuous
30 day period falling after the Date
of Grant
-------------------------------------------
75,000 Options Shall vest if the price of an Ordinary
Share is equal to or greater than the
Exercise Price plus 100% (38.0 pence
per ordinary share) during any continuous
30 day period falling after the Date
of Grant
-------------------------------------------
Following this grant, Hugh James holds options over 300,000
Ordinary Shares and he does not hold any other Ordinary Shares in
the Company.
Following this announcement, the Company has a total of
5,111,667 options over Ordinary Shares outstanding, representing
approximately 11.97% of the current issued share capital of the
Company.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
For further information, please contact:
PCI-PAL PLC Via Walbrook PR
James Barham - Chief Executive
Officer
William Good - Chief Financial
Officer
finnCap (Nominated Adviser and
Broker) +44 (0) 20 7227 0500
Marc Milmo/Simon Hicks (Corporate
Finance)
Richard Chambers (Corporate Broking)
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper/Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
About PCI Pal:
PCI Pal is a specialist provider of secure payment solutions for
contact centres and businesses taking Cardholder Not Present (CNP)
payments. PCI Pal's globally accessible cloud platform empowers
organisations to take payments securely without bringing their
environments into scope of PCI DSS and other card payment data
security rules and regulations.
With the entire product portfolio served from PCI Pal's cloud
environment, integrations with existing telephony, payment, and
desktop environments are light-touch, ensuring no degradation of
service while achieving security and compliance.
PCI Pal has offices in London, Ipswich (UK) and Charlotte NC
(USA). For more information visit www.pcipal.com or follow the team
on Twitter: https://twitter.com/PCIPAL
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Hugh James
------------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: CTO / PDMR
------------------------------------------ -----------------------------
b) Initial notification/Amendment: Initial notification
------------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name: PCI PAL PLC
------------------------------------------ -----------------------------
b) LEI: 213800XTX34IQYMYES95
------------------------------------------ -----------------------------
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, Options over Ordinary shares
type of instrument: of 1 pence each
Identification code:
ISIN Code: GB0009737155
------------------------------------------ -----------------------------
b) Nature of the transaction: Grant of Options
------------------------------------------ -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
19.0 pence 300,000
----------
------------------------------------------ -----------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
------------------------------------------ -----------------------------
e) Date of the transaction: 25 July 2019
------------------------------------------ -----------------------------
f) Place of the transaction: Off market transaction
------------------------------------------ -----------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHLLFEIDEIRFIA
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July 26, 2019 07:00 ET (11:00 GMT)
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