TIDMCNIC

RNS Number : 9343L

CentralNic Group PLC

06 January 2023

6 January 2023

CentralNic Group plc

("CentralNic" or the "Company")

(AIM: CNIC)

Share Awards and exercise of Options

CentralNic announces that on 5 January 2023 the following PDMRs have exercised share options previously granted by the Company ("Options):

 
 PDMR              Number of Ordinary       Exercise Price   Date of grant of Option 
                    Shares acquired          of Options 
                    on exercise of Options 
                  ------------------------  -------------- 
 Iain McDonald     350,000                  40p              4 February 2016 
                  ------------------------  --------------  ------------------------ 
 Iain McDonald     500,000                  0p               10 March 2020 
                  ------------------------  --------------  ------------------------ 
 Thomas Rickert    88,000                   57p              1 September 2013 
----------------  ------------------------  --------------  ------------------------ 
 Thomas Rickert    350,000                  40p              4 February 2016 
----------------  ------------------------  --------------  ------------------------ 
 

The exercise of options was satisfied by 1,288,000 shares from the CentralNic Employee Benefit Trust. Only the minimum amount of shares required to fund the exercise price and partially settle the tax liabilities on the option exercise and the exercising NEDs intend to hold the remaining balance of shares. The total number of shares sold by Iain McDonald was 260,038 and the number sold by Thomas Rickert was 198,142. Net of this sale, Iain McDonald will retain 589,962 shares and Thomas Rickert 239,858 shares.

This exercise further aligns the Company's policy on NED remuneration with best practice in the UK and as a result none of the Non-Executive Directors of the company hold any share options. To achieve this, the Company has allowed Iain McDonald to exercise the options granted to him on 10 March 2020 ahead of its vesting date on 10 March 2023. The retained shares will be subject to a Lock in Deed until the vesting date of the corresponding options.

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           Vesting date       Exercise 
                  Ordinary Share                         price per 
                  subject to                             Ordinary 
                  options                                Share 
 Don Baladasan     293,151           1 March 2021 - 1   Nil 
                                      March 2023 
                  ----------------  -----------------  ----------- 
 Don Baladasan     586,302           1 March 2022 - 1   Nil 
                                      March 2024 
                  ----------------  -----------------  ----------- 
 Don Baladasan     879,452           1 March 2023 - 1   Nil 
                                      March 2025 
                  ----------------  -----------------  ----------- 
 Michael Riedl     53,250            1 January 2023     Nil 
                  ----------------  -----------------  ----------- 
 Michael Riedl     231,050           1 March 2021 - 1   Nil 
                                      March 2023 
                  ----------------  -----------------  ----------- 
 Michael Riedl     462,100           1 March 2022 - 1   Nil 
                                      March 2024 
                  ----------------  -----------------  ----------- 
 Michael Riedl     693,150           1 March 2023 - 1   Nil 
                                      March 2025 
                  ----------------  -----------------  ----------- 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
      Details of the person discharging managerial responsibilities 
       / person closely associated 
  1 
 a)   Name                              Iain McDonald 
     --------------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------ 
 a)   Position/status                   Non-Executive Chairman 
     --------------------------------  -------------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                              CentralNic Group plc 
     --------------------------------  -------------------------------------------- 
 b)   LEI                               213800M4IINBWMXEKV82 
     --------------------------------  -------------------------------------------- 
      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 financial      Ordinary shares of GBP0.001 
       instrument, type of instrument 
       Identification code               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) 
                                                       ------------- 
                                          40p           350,000 
 
                                           0p            500,000 
                                                       ------------- 
                                          Sale of Shares 
                                          Price(s)    Volume(s) 
                                                     ---------- 
                                          152.4755p   260,038 
                                                     ---------- 
     --------------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                           Transaction   Aggregated  Aggregated Price 
                                          Type          Volume 
                                         Exercise      850,000      140,000 GBP 
                                          of Options 
                                                      -----------  ---------------- 
                                         Sale of       260,038      396,494.24 
                                          Shares                     GBP 
                                                      -----------  ---------------- 
     --------------------------------  -------------------------------------------- 
 e)   Date of the transaction           5 January 2023 
     --------------------------------  -------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange, 
                                         AIM 
     --------------------------------  -------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
       / person closely associated 
  1 
 a)   Name                              Thomas Rickert 
     --------------------------------  --------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Director 
     --------------------------------  --------------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  --------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
 a)   Name                              CentralNic Group plc 
     --------------------------------  --------------------------------------------- 
 b)   LEI                               213800M4IINBWMXEKV82 
     --------------------------------  --------------------------------------------- 
      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 financial      Ordinary shares of GBP0.001 
       instrument, type of instrument 
       Identification code               GB00BCCW4X83 
     --------------------------------  --------------------------------------------- 
 b)   Nature of the transaction         Exercise of share options 
     --------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)              Exercise of share option 
                                          Price(s)      Volume(s) 
                                                       ------------- 
                                          57p           88,000 
 
                                           40p           350,000 
                                                       ------------- 
                                          Sale of Shares 
                                          Price(s)    Volume(s) 
                                                     ---------- 
                                          152.4755p   198,142 
                                                     ---------- 
     --------------------------------  --------------------------------------------- 
 d)   Aggregated information             Transaction   Aggregated  Aggregated Price 
       - Aggregated volume                 Type          Volume 
       - Price                            Exercise      438,000      190,160 GBP 
                                           of Options 
                                                       -----------  ---------------- 
                                          Sale of       198,142      302,118.01 
                                           Shares                     GBP 
                                                       -----------  ---------------- 
     --------------------------------  --------------------------------------------- 
 e)   Date of the transaction           5 January 2023 
     --------------------------------  --------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange, 
                                         AIM 
     --------------------------------  --------------------------------------------- 
 

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