SafeCharge International Group Ltd Grant of Awards (5479O)

TIDMSCH

RNS Number : 5479O

SafeCharge International Group Ltd

08 November 2016

8 November 2016

SafeCharge International Group Limited (the "Company")

Grant of Awards under the Company's Long Term Incentive Plan 2016

On 2 November 2016 the Company's executive directors were granted nil cost option awards over ordinary shares of US$0.0001 value under the SafeCharge Long Term Incentive Plan 2016 (the "Plan") as noted below:

 
 Executive Directors    Number of Shares under 
                         Award 
---------------------  ----------------------- 
 David Avgi*            296,128 
---------------------  ----------------------- 
 Tim Mickley            136,674 
---------------------  ----------------------- 
 Yuval Ziv              123,007 
---------------------  ----------------------- 
 

*The award has been granted to Foxberry Limited, Foxberry Limited is ultimately owned by a trust, the beneficiary of which is David Avgi

Subject to the terms of the Plan, the awards granted will ordinarily vest and become exercisable from 1 March 2019, subject to the grantee's continued service and to the extent to which Adjusted EBITDA performance criteria are met over a measurement period comprising three financial years of the Company commencing with the current financial year.

Once exercisable, an award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the awards.

No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards.

The Company was notified of the above transactions on 2 November 2016.

Enquiries:

 
 SafeCharge International 
  Group Limited 
  Tim Mickley 
  David Avgi 
  c/o Bell Pottinger         [phone] 
 Shore Capital 
  Dru Danford 
  Mark Percy 
  Toby Gibbs                 [phone] 
 Bell Pottinger 
  David Rydell 
  Olly Scott 
  James Newman 
  Anna Legge                 [phone] 
 

About SafeCharge

SafeCharge International Group Limited is a global provider of payments services, technologies and risk management solutions for online and mobile businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorized Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and VISA Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.

http://www.safecharge.com/

This information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       David Avgi 
                                  The award has been granted 
                                  to Foxberry Limited, Foxberry 
                                  Limited is ultimately owned 
                                  by a trust, the beneficiary 
                                  of which is David Avgi 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Chief Executive Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       SafeCharge International 
                                  Group Limited 
---  -------------------------  ------------------------------- 
 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 
       the financial               Ordinary shares of US$0.0001 
       instrument, type            value 
       of instrument 
                                   GG00BYMK4250 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of nil cost option 
       transaction                awards over ordinary shares 
                                  of US$0.0001 value under 
                                  the SafeCharge Long Term 
                                  Incentive Plan 2016 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    Nil cost    296,128 
                                   ----------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         296,128 
 
 
       - Price                     Nil cost 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2 November 2016 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Guernsey 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Tim Mickley 
---  -------------------------  ------------------------------- 
 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                       SafeCharge International 
                                  Group Limited 
---  -------------------------  ------------------------------- 
 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 
       the financial               Ordinary shares of US$0.0001 
       instrument, type            value 
       of instrument 
                                   GG00BYMK4250 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of nil cost option 
       transaction                awards over ordinary shares 
                                  of US$0.0001 value under 
                                  the SafeCharge Long Term 
                                  Incentive Plan 2016 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    Nil cost    136,674 
                                   ----------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         136,674 
 
 
       - Price                     Nil cost 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2 November 2016 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Guernsey 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Yuval Ziv 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Chief Operating Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       SafeCharge International 
                                  Group Limited 
---  -------------------------  ------------------------------- 
 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 
       the financial               Ordinary shares of US$0.0001 
       instrument, type            value 
       of instrument 
                                   GG00BYMK4250 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of nil cost option 
       transaction                awards over ordinary shares 
                                  of US$0.0001 value under 
                                  the SafeCharge Long Term 
                                  Incentive Plan 2016 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    Nil cost    123,007 
                                   ----------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         123,007 
 
       - Price                     Nil cost 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2 November 2016 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Guernsey 
---  -------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 08, 2016 02:01 ET (07:01 GMT)