TIDMTENG
RNS Number : 3401L
Ten Lifestyle Group PLC
10 September 2021
10 September 2021
Ten Lifestyle Group plc
(the "Group" or the "Company")
PDMR Dealing 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 the exercise of share options
by some of the participants in the first salary sacrifice
initiative, whereby the Group granted share options in exchange for
voluntary salary sacrifice.
As part of Ten's COVID-19 cost saving initiatives, Ten granted
options over a total of 3,708,966 ordinary shares of 0.1p each in
the Company ("Ordinary Shares") on 27 March 2020 (the "First Salary
Sacrifice Initiative"), as announced on 30 March 2020. The Company
arranged three further salary sacrifice initiatives between March
2020 and July 2021.
On 8 September 2021, a number of individuals chose to exercise
and sell a total of 1,510,860 options received pursuant to the
First Salary Sacrifice Initiative, including the 'persons
discharging managerial responsibilities' ("PDMRs") listed below.
The Company expects to receive GBP1.06m cash from the exercise of
these options.
PDMR Position Number Options
exercised
and sold
Alex Cheatle CEO 249,167
----------------- ---------------
Group COO and
Andrew Long CEO (Asia) 240,949
----------------- ---------------
Client Services
Sarah Hornbuckle Director 50,000
----------------- ---------------
Alan Donald CFO 75,000
----------------- ---------------
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to these PDMR
dealings.
The same day, two employees chose to exercise a total of 40,000
options granted under the Company Share Option Scheme and an
employee chose to exercise 16,000 options awarded under the
Management Incentive Plan.
The Company announces that, pursuant to the exercise of options
described above, it has issued 1,566,860 new Ordinary Shares.
Applications have been made for the 1,566,860 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 14
September 2021.
The total number of Ordinary Shares in issue following Admission
will be 83,444,495. 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.
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
Edward Knight
Paul Gillam +44 (0) 20 7418
Nick Prowting 8900
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 Chief Operational Officer and
Chief Executive Officer (Asia)
3. Client Services Director
4. Chief Finance Officer
--------------------------- ----------------------------------------------------
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 Exercise of options over Ordinary Shares
financial instrument, of 0.1p each
type of instrument
--------------------------- ----------------------------------------------------
Identification code ISIN: GB00BF188X60
--------------------------- ----------------------------------------------------
b) Nature of the transaction Exercise of Options
--------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Exercise Price Volume(s)
--- --------------------------- ---- -------------------- ------------------ ----
GBP0.70 per Option 1. 249,167
2. 240,949
3. 50,000
4. 75,000
--- --------------------------- ---- -------------------- ------------------ ----
d) Aggregated information
--------------------------- ----------------------------------------------------
- Aggregated volume 1. 249,167
2. 240,949
3. 50,000
4. 75,000
--------------------------- ----------------------------------------------------
- Price 1. GBP174,416.90
2. GBP168,664.30
3. GBP35,000.00
4. GBP52,500.00
--------------------------- ----------------------------------------------------
e) Date of the transaction 8 September 2021
--------------------------- ----------------------------------------------------
f) Place of the transaction Off market
--------------------------- ----------------------------------------------------
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 Chief Operational Officer and
Chief Executive Officer (Asia)
3. Client Services Director
4. Chief Finance Officer
--------------------------- ------------------------------------------------
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 Disposal of Ordinary shares of 0.1p each
financial instrument,
type of instrument
--------------------------- ------------------------------------------------
Identification code ISIN: GB00BF188X60
--------------------------- ------------------------------------------------
b) Nature of the transaction Exercise of Options
--------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- --------------------------- ----- ------------------- -------------- ----
GBP1.038251 per 1. 249,167
Ordinary Share
2. 240,949
3. 50,000
4. 75,000
--- --------------------------- ----- ------------------- -------------- ----
d) Aggregated information
--------------------------- ------------------------------------------------
- Aggregated volume 1. 249,167
2. 240,949
3. 50,000
4. 75,000
--------------------------- ------------------------------------------------
- Price 1. GBP258,697.89
2. GBP250,165.54
3. GBP51,912.55
4. GBP77,868.83
--------------------------- ------------------------------------------------
e) Date of the transaction 8 September 2021
--------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON); AIM
--------------------------- ------------------------------------------------
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END
DSHEAANNEDDFEAA
(END) Dow Jones Newswires
September 10, 2021 02:00 ET (06:00 GMT)
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