Ten Lifestyle Group PLC Grant of Options (4747V)
10 Agosto 2022 - 1:00AM
UK Regulatory
TIDMTENG
RNS Number : 4747V
Ten Lifestyle Group PLC
10 August 2022
10 August 2022
Ten Lifestyle Group plc
("Ten" or the "Company")
Grant of Options
Ten Lifestyle Group plc (AIM: TENG), a leading
technology-enabled, global concierge platform for the world's
wealthy and mass affluent, announces that it has granted nil cost
options to certain 'persons discharging managerial
responsibilities' of the Company ("PDMRs") over Ordinary Shares,
pursuant to the Ten Lifestyle Group Plc Management Incentive Plan
dated 9 November 2017 (the "MIP Options").
PDMR Position Number of new Resulting total
MIP Options options held over
granted Ordinary Shares
Alex Cheatle CEO 200,000 1,381,874
-------------------------- -------------- -------------------
Group COO and CEO
Andrew Long (Asia) 100,000 921,544
-------------------------- -------------- -------------------
Sarah Hornbuckle Client Services Director 40,000 317,735
-------------------------- -------------- -------------------
Alan Donald CFO 80,000 552,108
-------------------------- -------------- -------------------
The nil cost MIP Options will vest subject to the performance
conditions of the MIP Options based on total shareholder return
("TSR") over a three year period ending on the announcement of the
Company's financial results for the year ending 31 August 2024.
For Alex Cheatle, Alan Donald and Sarah Hornbuckle, their
performance condition is wholly linked to the compound annual
growth rate of TSR. Andrew Long's performance conditions are linked
to the compound annual growth rate of TSR as well as to Net Revenue
growth in APAC and profit making in that region.
The Remuneration Committee believes the aforementioned
performance metrics appropriately incentivise and are aligned with
the Company's strategic goals and the long-term interests of
shareholders.
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to the granting of
these MIP Options.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Alex Cheatle
2. Andrew Long
3. Sarah Hornbuckle
4. Alan Donald
------------------------------ ------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a. Position/status 1. Chief Executive Officer
2. Group COO and CEO (Asia)
3. Client Services Director
4. CFO
------------------------------ ------------------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------ ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a. Name Ten Lifestyle Group plc
------------------------------ ------------------------------------------------
b. LEI 213800YK94ZUOJUMN686
------------------------------ ------------------------------------------------
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 Options over Ordinary Shares of 0.1 pence
the
Financial instrument, GB00BF188X60
type
of instrument
Identification
code
------------------------------ ------------------------------------------------
b. Nature of the Grant of options under the Management Incentive
transaction Plan
------------------------------ ------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1. n/a 200,000
--------- ----------
2. n/a 100,000
--------- ----------
3. n/a 40,000
--------- ----------
4. n/a 80,000
--------- ----------
------------------------------ ------------------------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 1. n/a 200,000
--------- ----------
2. n/a 100,000
* Price --------- ----------
3. n/a 40,000
--------- ----------
4. n/a 80,000
--------- ----------
------------------------------ ------------------------------------------------
e. Date of the transaction 10 August 2022
------------------------------ ------------------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------------
- End -
For further information please visit www.tenlifestylegroup.com
or call:
Ten Lifestyle Group plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Peel Hunt LLP, Nominated Advisor and Broker
Paul Gillam +44 (0) 20 7418
James Smith 8900
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc is a leading technology-enabled, global
concierge platform, helping wealthy and mass affluent individuals
and their families to discover, organise, and enjoy dining, live
entertainment, travel and premium retail (and other relevant
services) with better results and more quickly than they could
themselves.
Underpinned by industry-first technology, Ten provides its
trusted concierge services to millions of members, in over 15
languages, 24/7, 365 days a year, wherever they are in the world.
Founded in 1998, the business listed on the AIM market of the
London Stock Exchange in November 2017 (AIM: TENG).
The growth engine at the heart of Ten's business model is the
driving force behind its progress towards its objective to become
the most trusted service platform in the world.
For further information please go to: www.tenlifestylegroup.com
.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHDKLFBLVLXBBV
(END) Dow Jones Newswires
August 10, 2022 02:00 ET (06:00 GMT)
Ten Lifestyle (LSE:TENG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Ten Lifestyle (LSE:TENG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
