Ten Lifestyle Group PLC PDMR Dealing, EBT Disposal and Admission of Shares (0561F)
05 Julio 2023 - 3:30AM
UK Regulatory
TIDMTENG
RNS Number : 0561F
Ten Lifestyle Group PLC
05 July 2023
5 July 2023
Ten Lifestyle Group plc
(the "Company" or "Ten")
PDMR Dealing, EBT Disposal and Admission of New Shares
Ten Lifestyle Group plc (AIM: TENG), a leading
technology-enabled global concierge platform for the world's
wealthy and mass affluent, announces that it received notice that
on 4 July 2023 Andrew Long, Group COO, sold 900,000 ordinary shares
of 0.1 pence each in the Company ("Ordinary Shares") at a price of
95p per Ordinary Share. On the same day, 400,000 options held by
the Ten Employee Benefit Trust were exercised, with the resulting
shares sold on the same day at a price of 95p per share.
Following the sale, Mr. Long has a total interest in the Company
of 3,100,000 Ordinary Shares, representing 3.67% of the total
voting rights of the Company. The purpose of the sale was to fund a
previously agreed payment plan for a new build property
purchase.
The Ten Group Employee Benefit Trust, established on 22 February
2012 (the "EBT"), was granted an option for NWH (Guernsey) Limited
to subscribe for 400,000 Ordinary Shares with an exercise price of
70p on 27 March 2020 as part of the Company's COVID-19 cost saving
initiatives. The EBT is primarily intended to reward employees, not
management, who have shown commitment to the Company and the cash
generated by this exercise and sale will be used to fund employee
loyalty programmes aimed at improving employee retention.
Following this transaction, the EBT holds a total of 42,186
Ordinary Shares, representing 0.05% of the Company's total voting
rights.
Pursuant to the exercise of options described above, the Company
has issued 400,000 new Ordinary Shares. Applications have been made
for the 400,000 new Ordinary Shares to be admitted to trading on
AIM ("Admission"). It is expected that Admission will occur at 8.00
a.m. on or around 11 July 2023.
The total number of Ordinary Shares in issue following Admission
will be 84,387,671. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to the sale of
Ordinary Shares.
End
For further information, please visit https://www.tengroup.com/
or contact:
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
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Long
------------------------------------ ----------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Group COO
------------------------------------ ----------------------------------------
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 the Ordinary Shares of 0.1p each
financial instrument,
type of instrument
------------------------------------ ----------------------------------------
Identification code ISIN: GB00BF188X60
------------------------------------ ----------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ------------------------------------ ----------------- ------------------
95p 900,000
----------------------------------------- ----------------- ------------------
d) Aggregated information
------------------------------------- ---------------------------------------
- Aggregated volume 900,000
------------------------------------ ---------------------------------------------
- Price 95p
------------------------------------ ---------------------------------------------
e) Date of the transaction 4 July 2023
------------------------------------ ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON); AIM
------------------------------------ ----------------------------------------
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END
DSHEAPXSEEFDEEA
(END) Dow Jones Newswires
July 05, 2023 04:30 ET (08:30 GMT)
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