TIDMCNIC
RNS Number : 4060Z
CentralNic Group PLC
15 May 2023
CentralNic Group plc
("CentralNic" or the "Company")
(AIM: CNIC)
Share Awards
CentralNic announces that on 15 May 2023 it has made awards over
ordinary shares of GBP0.001 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").
Grant of Awards
PDMR Type of Award Number of Ordinary Exercise Price
Shares subject
to Award
Michael Riedl LTIP Award 3,139,622 Nil
-------------- ------------------- ---------------
William Green LTIP Award 1,200,000 Nil
-------------- ------------------- ---------------
William Green LTIP Award 21,256 Nil
-------------- ------------------- ---------------
The structure of the Awards is designed as a program of awards
over a five-year period which the Board believes will reward and
incentivise the Executives to deliver further sustainable and
managed growth for the Company, as well as providing a strong
retention tool.
The Awards will be subject to stretching performance targets
based on Total Shareholder Return (TSR) measured from 1 January
2023, which are detailed below:
Annualised TSR over the Performance Period Percentage of the Award that Vests
Less than 10% Nil
----------------------------------------
10% 25%
----------------------------------------
20% 100%
----------------------------------------
Between 10% and 20% Pro rata between 25% and 100%
----------------------------------------
Subject to achievement of these targets and their remaining in
employment with CentralNic, the Awards vest in three separate
tranches as set out in the table below.
Award Performance Vesting No of Total
Period Date Share
Options
--------------- --------- ---------
Michael
Riedl 3,139,622
Tranche 1 Jan 2023 to 15 May
1 31 Dec 2025 2026 1,046,540
Tranche 1 Jan 2023 to 15 May
2 31 Dec 2026 2027 1,046,541
Tranche 1 Jan 2023 to 15 May
3 31 Dec 2027 2028 1,046,541
--------- --------------- --------- --------- ----------
William
Green 1,200,000
Tranche 1 Jan 2023 to 15 May
1 31 Dec 2025 2026 400,000
Tranche 1 Jan 2023 to 15 May
2 31 Dec 2026 2027 400,000
Tranche 1 Jan 2023 to 15 May
3 31 Dec 2027 2028 400,000
--------- --------------- --------- --------- ----------
The award over 21,256 share options granted to William Green are
in relation to his previous employment contract preceding his
appointment as CFO and are the last awards to be granted under that
contract.
This Award vests subject to the continued employment of the
Award holder.
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 Issue Date Vesting P eriod Exercise
Ordinary price
Share subject per Ordinary
to options Share
Michael Riedl 231,050 10 March 2020 1 March 2022 Nil
- 1 March 2024
--------------- ------------- ---------------- --------------
Michael Riedl 462,100 10 March 2020 1 March 2023 Nil
- 1 March 2025
--------------- ------------- ---------------- --------------
Michael Riedl 1 ,046,540 15 May 2023 15 May 2023 Nil
- 15 May 2026
--------------- ------------- ---------------- --------------
Michael Riedl 1 ,046,541 15 May 2023 15 May 2023 Nil
- 15 May 2027
--------------- ------------- ---------------- --------------
Michael Riedl 1 ,046,541 15 May 2023 15 May 2023 Nil
- 15 May 2028
--------------- ------------- ---------------- --------------
William Green 18,181 7 March 2022 1 Jan 2023 - Nil
1 Jan 2025
--------------- ------------- ---------------- --------------
William Green 400,000 15 May 2023 15 May 2023 Nil
- 15 May 2026
--------------- ------------- ---------------- --------------
William Green 400,000 15 May 2023 15 May 2023 Nil
- 15 May 2027
--------------- ------------- ---------------- --------------
William Green 400,000 15 May 2023 15 May 2023 Nil
- 15 May 2028
--------------- ------------- ---------------- --------------
William Green 21,256 15 May 2023 15 May 2023 Nil
- 15 May 2026
--------------- ------------- ---------------- --------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name M ichael Riedl
----------------------------------- ------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status CEO
----------------------------------- ------------------------------
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 Ordinary shares of GBP0.001
instrument, type of instrument
Identification code 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 3,139,662
----------
----------------------------------- ------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
----------------------------------- ------------------------------
e) Date of the transaction 1 5 May 2023
----------------------------------- ------------------------------
f) Place of the transaction London Stock Exchange, AIM
----------------------------------- ------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name William Green
------------------------------------ ------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status CFO
------------------------------------ ------------------------------
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 Ordinary shares of GBP0.001
instrument, type of instrument
Identification code GB00BCCW4X83
------------------------------------ ------------------------------
b) Nature of the transaction Grant of a nil-cost options
under the LTIP
------------------------------------ ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0p 1,200,000
0p 21,256
----------
------------------------------------ ------------------------------
Aggregated information
- Aggregated volume
d) - Price 1,221,256
------------------------------------ ------------------------------
e) Date of the transaction 15 May 2023
------------------------------------ ------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------ ------------------------------
For further information contact:
CentralNic Group Plc
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer +44 203 388 0600
Zeus Capital Limited (NOMAD Joint Broker)
Nick Cowles / Jamie Peel / James Edis
(investment Banking) +44 161 831 1512
Dominic King (Corporate Broking) +44 203 829 5000
Berenberg (Joint Broker)
Mark Whitmore / Richard Andrews / Alix
Mecklenburg-Solodkoff +44 (0) 20 3207 7800
SEC Newgate (for Media) +44 (0) 203 757 6880
Bob Huxford / Alice Cho / Harry Handyside centralnic@secnewgate.co.uk
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