MySale Group PLC Management Incentive Scheme and Issue of Equity (9091U)

TIDMMYSL

RNS Number : 9091U

MySale Group PLC

03 August 2020

3 August 2020

MySale Group plc

(the "Company", "MySale" or the "Group")

Management Incentive Scheme and Issue of Equity

MySale Group plc (AIM: MYSL), the leading international online retailer, announces a share grant under the Company's management incentive scheme (the "Scheme") to a further two key members of its senior management team, to align their incentives with the Company's long-term growth strategy.

A total of 4,413,062 Share Awards will be granted under the Mysale Loan Share Plan ("Loan Share Plan"). Under the Loan Share Plan, the Company has issued 2,206,531 ordinary shares directly to each of Kevin Cliffe (Head of Trading) and Gavin Cliffe (Chief Technology Officer).

The exercise of any Share Awards will be subject to the achievement of the applicable vesting conditions during the vesting period.

On the sale of a Share Award share, the participant is entitled to the sale proceeds in excess of the exercise price per share. This permits holders of Share Awards to benefit from the growth in value of an Ordinary Share above the Share Award exercise price.

The Company has issued Share Awards to PDMR's as set out in the table below:

 
 Name          Share Award   Number         Vesting        Exercise   Vesting   Lock-in 
                              of Ordinary    period of      Price      Price     period 
                              Shares         Share Award 
 Kevin Cliffe  Loan Share    2,206,531      3 years        5.665      100% at   3 years 
                   Plan                      from issue     pence      10p       from issue 
-------------  -----------  -------------  -------------  ---------  --------  ------------ 
 Gavin Cliffe  Loan Share    2,206,531      3 years        5.665      100% at   3 years 
                   Plan                      from issue     pence      10p       from issue 
               -----------  -------------  -------------  ---------  --------  ------------ 
 

.

Total Voting Rights

Application has been made for admission of 4,413,062 ordinary shares to trading on AIM, with an anticipated admission date of 7 August 2020. Following admission of the shares the Company's total issued share capital will be 852,251,287 Ordinary Shares.

There are 7,542,614 shares held in treasury therefore, the total number of voting rights in the Company is 844,708,673. 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.

Enquiries :

 
 MySale Group plc 
 Carl Jackson, Chief Executive Officer                 [phone] 
  Mats Weiss, Chief Financial and Operating Officer     [phone] 
 
 N+1 Singer (Nominated Adviser and Joint Broker)       [phone] 
 Mark Taylor 
  Justin McKeegan 
  Carlo Spingardi 
 
 Zeus Capital (Joint Broker) 
  Daniel Harris/Ben Burnett, Corporate Finance 
  John Goold, Corporate Broking                        [phone] 
 
 MHP Communications (Financial PR Adviser)             [phone] 
 Simon Hockridge 
  Giles Robinson 
  Pete Lambie 
 

The information contained within this announcement is deemed to constitute inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Kevin Cliffe 
      --------------------------------  ----------------------------------------- 
  2    Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                   Head of Trading (PDMR) 
      --------------------------------  ----------------------------------------- 
 b)    Initial notification              Initial 
        /Amendment 
      --------------------------------  ----------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                              MySale Group plc 
      --------------------------------  ----------------------------------------- 
 b)    LEI                               213800BXZGPMK9JIXO84 
      --------------------------------  ----------------------------------------- 
  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 held in a loan share 
        financial instrument,             plan 
        type of instrument 
 
        Identification code               JE00BMH4MR96 
      --------------------------------  ----------------------------------------- 
 b)    Nature of the transaction         Grant of conditional ownership in loan 
                                          share plan 
      --------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s)                  Price                Volume 
      --------------------------------  ------------------  --------------------- 
                                                 5.665p              2,206,531 
 -------------------------------------  ------------------  --------------------- 
 d)    Aggregated information            N/A 
 
        - Aggregated volume 
 
        - Price 
      --------------------------------  ----------------------------------------- 
 e)    Date of the transaction           3 August 2020 
      --------------------------------  ----------------------------------------- 
 f)    Place of the transaction          Off market transaction 
      --------------------------------  ----------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Gavin Cliffe 
      ---------------------------------------  ------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                          CTO (PDMR) 
      ---------------------------------------  ------------------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  ------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                     MySale Group plc 
      ---------------------------------------  ------------------------------------------- 
 b)    LEI                                      213800BXZGPMK9JIXO84 
      ---------------------------------------  ------------------------------------------- 
  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 held in a loan share 
        financial instrument,                    plan 
        type of instrument 
 
        Identification code                      JE00BMH4MR96 
      ---------------------------------------  ------------------------------------------- 
 b)    Nature of the transaction                  Grant of conditional ownership in loan 
                                                   share plan 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                         Price                 Volume 
      ---------------------------------------  ------------------  ----------------------- 
                                                5.665p              2,206,531 
 --------------------------------------------  ------------------  ----------------------- 
 d)    Aggregated information                   N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                  3 August 2020 
      ---------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                 Off market transaction 
      ---------------------------------------  ------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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August 03, 2020 03:42 ET (07:42 GMT)