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PCIP Pci-pal Plc

56.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pci-pal Plc LSE:PCIP London Ordinary Share GB0009737155 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 56.00 55.00 57.00 56.00 56.00 56.00 3,000 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 14.95M -4.89M -0.0747 -7.50 36.66M

PCI-PAL PLC Grant of share options (7404G)

31/05/2017 3:37pm

UK Regulatory


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TIDMPCIP

RNS Number : 7404G

PCI-PAL PLC

31 May 2017

PCI-PAL PLC

("PCI-PAL" or the "Company")

Grant of Options

PCI-PAL PLC, the customer engagement specialist focussed on secure payment solutions, is pleased to announce the grant of share options on 25 May 2017 to all the staff of the Company over a total of 3,065,000 Ordinary Shares of 1 pence each at an exercise price of 33 pence (the "Grant"), being the share price* to the nearest whole pence on 3 October 2016, the day that the completion of the disposal of the call centre operations was reconfirmed to the market.

Persons discharging managerial responsibility (PDMRs) participating in the Grant are tabled below:

 
 Name       Title          No. of       Date       Earliest 
                            Share     of Grant      Vesting 
                           Options                   date 
                           granted 
---------  ------------  ---------  -----------  ----------- 
 William    CFO &         300,000    25/05/2017   25/05/2020 
  Good       Main Board 
             Director 
---------  ------------  ---------  -----------  ----------- 
 Geoffrey   CTO &         325,000    25/05/2017   25/05/2020 
  Forsyth    Main Board 
             Director 
---------  ------------  ---------  -----------  ----------- 
 James      CCO &         300,000    25/05/2017   25/05/2020 
  Barham     Main Board 
             Director 
---------  ------------  ---------  -----------  ----------- 
 Sadie      Operations    300,000    25/05/2017   25/05/2020 
  Ahier      Director 
---------  ------------  ---------  -----------  ----------- 
 David      Channel       200,000    25/05/2017   25/05/2020 
  Swift      Director 
---------  ------------  ---------  -----------  ----------- 
 

William Catchpole, Chief Executive Officer and owner of 9.3 per cent. of the Company's issued share capital, has waived his rights to participate in the Grant.

The options will vest after a three-year period subject to the recipient having remained in continuous employment with the Company. In addition, the vesting of the options in three tranches is also conditional upon the Company's share price* being greater than or equal to a benchmark price for any continuous period of 30 trading days following the date of grant (the "Benchmark Price") as follows:

 
  Tranche 
  of award    Benchmark Price 
----------  ------------------------------------- 
  Initial    44 pence (being the share price* 
    50%       to the nearest pence at the date 
              of grant, the "Grant Price") 
----------  ------------------------------------- 
  Further    66 pence (being 50% above the Grant 
    25%       Price) 
----------  ------------------------------------- 
  Further    88 pence (being 100% above the Grant 
    25%       Price) 
----------  ------------------------------------- 
 

* being the closing mid-market price published by the London Stock Exchange or as listed in the Financial Times

Un-exercised options will lapse ten years from the date of Grant.

The Grant represents approximately 9.7% of the current issued share capital of the Company. Not withstanding the authority authorised by the shareholders to allot up to 20% of the issued share capital of the Company as share options, the Directors have agreed to cap the total amount of share options to be made available under the option plan to 15% of the then issued share capital of the Company. The Directors believe this will retain sufficient headroom to attract, retain and incentivise new and existing staff as the business continues to deliver its expansion strategy.

Further information is provided belowin accordance with the requirements of the EU Market Abuse Regulation:

For further details, please contact:

 
 PCI-PAL PLC                              Via Walbrook PR 
  William Catchpole - Chief 
  Executive Officer 
  William Good - Chief Financial 
  Officer 
 N+1 Singer (Nomad & Broker) 
  Aubrey Powell / James White             +44 20 7496 3000 
 Walbrook PR                              +44 (0) 20 7933 8780 
  Tom Cooper / Paul Vann                   +44 (0) 797 122 1972 
                                           tom.cooper@walbrookpr.com 
 
 

Notes to Editors:

PCI-PAL is a Payment Card Industry-Data Security Standard Level 1 certified supplier of contact centre payment solutions and services enabling organisations to take customer payments securely, to store customer data safely, in particular credit card data, and to de-risk their business from the threat of data loss and cybercrime.

PCI-PAL solutions are currently used in more than 60 organisations, many of which are global businesses in the retail, services, and utilities sectors, utilising PCI-PAL technology to ensure they meet industry rules and regulations governing customer data protection.

In May 2018, the new General Data Protection Regulations come into force across the EU. Material data breaches can now lead to fines of up to 4% of an offending organisation's worldwide turnover. This, together with the PCI regulations, means that all organisations who take contact centre payments need to carefully monitor and control their PCI and data compliance.

The shares of PCI-PAL PLC and its predecessor have been admitted to trading on the AIM market of the London Stock Exchange since September 2000.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                       William Good 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer 
---  -------------------------  ----------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       PCI-PAL PLC 
---  -------------------------  ----------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ----------------------------------- 
 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             Ordinary shares of 1p each 
       the financial              ("Ordinary Shares") 
       instrument, type 
       of instrument 
 
       Identification             ISIN Code: GB0009737155 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s):             Volume(s): 
                                    33 pence (Exercise 
                                     Price)               300,000 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    25/05/2017 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                       Geoffrey Forsyth 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status            Chief Technical Officer 
---  -------------------------  ----------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       PCI-PAL PLC 
---  -------------------------  ----------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ----------------------------------- 
 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             Ordinary shares of 1p each 
       the financial              ("Ordinary Shares") 
       instrument, type 
       of instrument 
 
       Identification             ISIN Code: GB0009737155 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s):             Volume(s): 
                                    33 pence (Exercise 
                                     Price)               325,000 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    25/05/2017 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                       James Barham 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status            Chief Commercial Officer 
---  -------------------------  ----------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       PCI-PAL PLC 
---  -------------------------  ----------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ----------------------------------- 
 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             Ordinary shares of 1p each 
       the financial              ("Ordinary Shares") 
       instrument, type 
       of instrument 
 
       Identification             ISIN Code: GB0009737155 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s):             Volume(s): 
                                    33 pence (Exercise 
                                     Price)               300,000 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    25/05/2017 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                       Sadie Ahier 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status            Operations Director 
---  -------------------------  ----------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       PCI-PAL PLC 
---  -------------------------  ----------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ----------------------------------- 
 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             Ordinary shares of 1p each 
       the financial              ("Ordinary Shares") 
       instrument, type 
       of instrument 
 
       Identification             ISIN Code: GB0009737155 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s):             Volume(s): 
                                    33 pence (Exercise 
                                     Price)               300,000 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    25/05/2017 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                       David Swift 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status            Channel Director 
---  -------------------------  ----------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       PCI-PAL PLC 
---  -------------------------  ----------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ----------------------------------- 
 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             Ordinary shares of 1p each 
       the financial              ("Ordinary Shares") 
       instrument, type 
       of instrument 
 
       Identification             ISIN Code: GB0009737155 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Grant of Options 
       transaction 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s):             Volume(s): 
                                    33 pence (Exercise 
                                     Price)               200,000 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    25/05/2017 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSDSFLFFWSEDI

(END) Dow Jones Newswires

May 31, 2017 10:37 ET (14:37 GMT)

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