TIDMMEGP

RNS Number : 6654V

ME Group International PLC

06 April 2023

6 April 2023

ME Group International PLC

(the "Company")

Notification of Transactions of Persons Discharging Managerial Responsibility (PDMRs)

The Company announces that on 4 April 2023 the following PDMRs were granted share options over the Company's ordinary shares of 0.5 pence each ("Ordinary Shares"), under the Company's Executive Share Option Scheme (2014) (the "Scheme").

Under the Scheme, Tania Crasnianski, an executive director, and Stéphane Gibon, Chief Financial Officer, were each granted an option over 100,000 and 150,000 Ordinary Shares respectively; in each case, the performance conditions attached to the options relate to 2025 earnings per share ("EPS") as follows:

 
                                                             2023 awards 
             Options exercisable to maximum percentage    EPS to 31 Oct 2025 
              of salary                                           (p) 
                                                         ------------------- 
 Pro-rata                        0%                           Below 14.5 
  vesting 
  between 
   points 
            -------------------------------------------  ------------------- 
        Up to portion with an aggregate Exercise 
             Price of no more than 25% of the 
                   Participant's Salary                          14.5 
 ------------------------------------------------------  ------------------- 
        Up to portion with an aggregate Exercise 
             Price of no more than 50% of the 
                   Participant's Salary                           15 
 ------------------------------------------------------  ------------------- 
        Up to portion with an aggregate Exercise 
             Price of no more than 75% of the 
                   Participant's Salary                          15.5 
 ------------------------------------------------------  ------------------- 
        Up to portion with an aggregate Exercise 
            Price of no more than 100% of the 
                   Participant's Salary                           16 
 ------------------------------------------------------  ------------------- 
        Up to portion with an aggregate Exercise 
            Price of no more than 125% of the 
                   Participant's Salary                          16.5 
 ------------------------------------------------------  ------------------- 
        Up to portion with an aggregate Exercise 
            Price of no more than 150% of the 
                   Participant's Salary                           17 
 ------------------------------------------------------  ------------------- 
 

No consideration was paid for the grants. The number of options over Ordinary Shares was calculated using an Ordinary Share price of 126.7 pence per share which is also the applicable Exercise Price. The options will vest three years after the date of grant subject to continued service (save for good leavers) and the extent to which the performance conditions are met. Once exercisable, the options will ordinarily remain exercisable until the seventh anniversary of the date of grant.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                Tania Crasnianski 
      ----------------------------------  -------------------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                     Executive Director 
      ----------------------------------  -------------------------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
      ----------------------------------  -------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                ME Group International PLC 
      ----------------------------------  -------------------------------------------------- 
 b)    LEI                                 2138006YJ65EKBYYYX41 
      ----------------------------------  -------------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                  Options over Ordinary shares of 0.5p 
        financial instrument,               each in the Company 
        type of instrument 
 
       Identification code                 GB0008481250 
 
 b)    Nature of the transaction           Grant of options over Ordinary Shares 
                                            in the Company under the Company's 
                                            Executive Share Option Scheme 2014 
                                            with an associated exercise price per 
                                            Ordinary Share of 126.7 pence. The 
                                            options will vest three years after 
                                            the date of grant subject to continued 
                                            service (save for good leavers) and 
                                            the extent to which performance conditions 
                                            are met. Once exercisable the options 
                                            will ordinarily remain exercisable 
                                            until the seventh anniversary of the 
                                            date of grant. 
      ----------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                           -----------------------------  ---------------- 
                                            Price per share                Volume(s) 
                                           -----------------------------  ---------------- 
    Nil cost                                                               100,000 
   ---------------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                 N /A - Single transaction 
 
  - Price 
 
 e)    Date of the transaction             4 April 2023 
      ----------------------------------  -------------------------------------------------- 
 f)    Place of the transaction            Outside trading venue 
      ----------------------------------  -------------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                  Stéphane Gibon 
      ------------------------------------  -------------------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------------- 
 a)    Position/status                       CFO and Person discharging managerial 
                                              responsibilities 
      ------------------------------------  -------------------------------------------------- 
 b)    Initial notification                  Initial 
        /Amendment 
      ------------------------------------  -------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------------- 
 a)    Name                                  ME Group International PLC 
      ------------------------------------  -------------------------------------------------- 
 b)    LEI                                   2138006YJ65EKBYYYX41 
      ------------------------------------  -------------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                    Options over Ordinary shares of 0.5p 
        financial instrument,                 each in the Company 
        type of instrument 
 
       Identification code                   GB0008481250 
 
 b)    Nature of the transaction             Grant of options over Ordinary Shares 
                                              in the Company under the Company's 
                                              Executive Share Option Scheme 2014 
                                              with an associated exercise price per 
                                              Ordinary Share of 126.7 pence. The 
                                              options will vest three years after 
                                              the date of grant subject to continued 
                                              service (save for good leavers) and 
                                              the extent to which performance conditions 
                                              are met. Once exercisable the options 
                                              will ordinarily remain exercisable 
                                              until the seventh anniversary of the 
                                              date of grant. 
      ------------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                             --------------------------  ------------------- 
                                              Price(s) per                Volume(s) 
                                               share 
                                             --------------------------  ------------------- 
    Nil cost                                                              150,000 
   --------------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                   N/A - Single transaction 
 
  - Price 
 
 e)    Date of the transaction               4 April 2023 
      ------------------------------------  -------------------------------------------------- 
 f)    Place of the transaction              Outside of a trading venue 
      ------------------------------------  -------------------------------------------------- 
 

Enquiries:

 
ME Group International plc  ir@me-group.com 
 Stéphane Gibon, CFO 
                            me-group@hudsonsandler.com 
  Hudson Sandler 
  Wendy Baker / Nick Moore 
 

NOTES TO EDITORS

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 20 countries and its technological innovation is focused on four principal areas:

   --     Photo.ME   - Photobooths and integrated biometric identification solutions 
   --     Wash.ME   - Unattended laundry services and launderettes 
   --     Print.ME     - High-quality digital printing kiosks 
   --     Feed.ME    - Vending equipment for the food service market 

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa, and the acquisition of SGER (Resto'clock) in June 2021, a French Pizza vending equipment company for the self-service food equipment market. Feed.ME will become a key business area - alongside photobooths and identification (Photo.ME), laundry (Wash.ME), and printing kiosks (Print.ME) - and is a significant part of the Group's future growth strategy.

In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by ME Group International plc. The Group pays the site owner a commission based on turnover, which varies depending on the country, location and type of the machine.

The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors), public transport hubs, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 650 field engineers.

In August 2022, the Group changed its name from Photo-Me International plc to ME Group International plc to better reflect the Group's diversification focus and business strategy.

ME Group's shares have been listed on the London Stock Exchange since 1962.

For further information: www.me-group.com

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END

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April 06, 2023 11:00 ET (15:00 GMT)

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