TIDMPCIP

RNS Number : 0884C

PCI-PAL PLC

07 October 2022

PCI-PAL PLC

("PCI Pal", "the Company" or "the Group")

Director/PDMR Issue of Options

PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to persons discharging managerial responsibilities ("PDMR") on 6 October 2022 at an exercise price of 54.50p, being the closing price on 5 October 2022, as follows:

 
 Name             Title              Options    Earliest        Total Options 
                                      Granted    Vesting Date    Held 
 Jane Goodayle    CMO                45,000     06/10/2025      250,000 
 Adrienne 
  Brophy          General Counsel    145,000    06/10/2025      145,000 
 

The terms of vesting are as follows:

 
    Tranche of Awards               Vesting Criteria 
 50% of the grant Options   The Option shall be exercisable 
                             over 50% of the Option Shares 
                             (rounded down to the nearest 
                             whole Share) if the price 
                             of the Company's shares, as 
                             determined by the previous 
                             dealing day's closing price 
                             (derived from the London Stock 
                             Exchange or as published in 
                             the Financial Times) ("Company 
                             Share Price") is equal to 
                             or greater than 54.50 pence 
                             per share during any continuous 
                             30 day period falling after 
                             the Date of Grant. 
                           ---------------------------------- 
 25% of the grant Options   The Option shall be exercisable 
                             over an additional 25% of 
                             the Option Shares (rounded 
                             down to the nearest whole 
                             Share) if the Company Share 
                             Price is equal to or greater 
                             than 81.75 pence per share 
                             during any continuous 30 day 
                             period falling after the Date 
                             of Grant. 
                           ---------------------------------- 
 25% of the grant Options   The Option shall be exercisable 
                             over the remaining 25% of 
                             the Option Shares if the Company 
                             Share Price is equal to or 
                             greater than 109.0 pence per 
                             share during any continuous 
                             30 day period falling after 
                             the Date of Grant. 
                           ---------------------------------- 
 

In addition, a 240,000 share options are being issued to employees of the Group at an exercise price of 54.50 pence.

The earliest vesting date is 06 October 2025 subject to the recipients having remained in continuous employment prior to any exercising of Options and that the following performance criteria have been met.

Following this announcement, there is a total of 8,276,667 options over Ordinary Shares, representing 12.61% of the current issued share capital of the Company.

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 
 M arc Milmo /Simon Hicks (Corporate 
  Finance) 
  Sunila De Silva (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 leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.

The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ.

For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                       Jane Goodayle 
     ------------------------------------------  --------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                            CMO 
     ------------------------------------------  --------------------------- 
 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,    Ordinary shares of 1 pence 
       type of instrument:                         each 
       Identification code: 
                                                   ISIN Code: GB0009737155 
     ------------------------------------------  --------------------------- 
 b)   Nature of the transaction:                   Grant of Options 
     ------------------------------------------  --------------------------- 
 c)   Price(s) and volume(s):                      Price(s)       Volume(s) 
                                                    54.50 pence    45,000 
                                                                  ---------- 
     ------------------------------------------  --------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume: 
 
 
        *    Price: 
     ------------------------------------------  --------------------------- 
 e)   Dates of the transactions:                  06 October 2022 
     ------------------------------------------  --------------------------- 
 f)   Place of the transaction:                   Off Market Transaction 
     ------------------------------------------  --------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                       Adrienne Brophy 
     ------------------------------------------  --------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                            General Counsel 
     ------------------------------------------  --------------------------- 
 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,    Ordinary shares of 1 pence 
       type of instrument:                         each 
       Identification code: 
                                                   ISIN Code: GB0009737155 
     ------------------------------------------  --------------------------- 
 b)   Nature of the transaction:                   Grant of Options 
     ------------------------------------------  --------------------------- 
 c)   Price(s) and volume(s):                      Price(s)       Volume(s) 
                                                    54.50 pence    145,000 
                                                                  ---------- 
     ------------------------------------------  --------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume: 
 
 
        *    Price: 
     ------------------------------------------  --------------------------- 
 e)   Dates of the transactions:                  06 October 2022 
     ------------------------------------------  --------------------------- 
 f)   Place of the transaction:                   Off Market Transaction 
     ------------------------------------------  --------------------------- 
 

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October 07, 2022 02:00 ET (06:00 GMT)

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