PCI-PAL PLC Grant of Options (9752G)

TIDMPCIP

RNS Number : 9752G

PCI-PAL PLC

12 November 2018

PCI-PAL PLC

("PCI Pal", the "Group" or the "Company")

Grant of Options

PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, today announces the grant ("Grant") of share options to a director of the Company and to other employees of the Group exercisable over a total of 435,000 ordinary shares of 1 pence each ("Ordinary Shares").

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

 
 Name           Title             No Share Options   Date of Grant   Earliest Vesting 
                                       granted                             date 
 William Good   CFO & Main            100,000         08/11/2018        08/11/2021 
                 Board Director 
               ----------------  -----------------  --------------  ----------------- 
 

The PDMR option will vest after a three-year period subject to the recipient having remained in continuous employment. In addition, certain performance conditions apply to the vesting of different tranches of each award as set out below. In each case the vesting is further conditional upon the Company's share price* being greater than or equal to a benchmark price for a continuous period of 30 trading days following the date of grant (the "Benchmark Price"):

 
   Tranche 
   of award     Benchmark Price 
 Initial 50%   26.5 pence (being the share price at the date 
                of grant) 
              ---------------------------------------------- 
 Further 25%   40 pence (being 50% above the share price at 
                the date of grant) 
              ---------------------------------------------- 
 Further 25%   53 pence (being 100% above the share price 
                at the date of grant) 
              ---------------------------------------------- 
 

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

Following this grant, William Good holds options over 400,000 shares and holds 140,000 Ordinary Shares. The shareholding represents approximately 0.3% the current issued share capital of the Company.

In addition to the above grant, a further 335,000 share options have been issued to employees of the Group at an exercise price of 26.5 pence per share. These options vest over a 36-month period and are subject to set performance criteria and continuous employment requirements.

The Company considers it important to attract, retain, and incentivise our employees through share incentive arrangements and to align them with shareholders to create long term value.

Following this announcement, the total number of options granted and outstanding is in respect of 4,566,667 Ordinary Shares representing 10.69% of the current issued share capital of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For further information, please contact:

 
 PCI-PAL PLC                              Via Walbrook PR 
 James Barham - Chief Executive 
  Officer 
  William Good - Chief Financial 
  Officer 
 finnCap (Nominated Adviser and 
  Broker)                                 [phone] 
 Geoff Nash/Simon Hicks (Corporate 
  Finance) 
  Richard Chambers (Corporate Broking) 
 Walbrook PR                              [phone] 
 Tom Cooper/Paul Vann                     [phone] 
                                          [e-mail] 
 

About PCI Pal:

PCI Pal is a Payment Card Industry-Data Security Standard ("PCI DSS") Level 1 certi ed supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.

To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/

 
  1.    Details of the person discharging managerial responsibilities/person 
         closely associated 
  a)    Name:                                 Thomas William Good 
      ------------------------------------  ---------------------------------- 
  2.    Reason for the noti cation 
      ------------------------------------------------------------------------ 
  a)    Position/status:                      Director 
      ------------------------------------  ---------------------------------- 
  b)    Initial noti cation/Amendment:        Initial noti cation 
      ------------------------------------  ---------------------------------- 
  3.    Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
  a)    Name:                                 PCI PAL PLC 
      ------------------------------------  ---------------------------------- 
  b)    LEI:                                  213800XTX34IQYMYES95 
      ------------------------------------  ---------------------------------- 
  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 nancial            Ordinary shares of 1 pence each 
         instrument, type of instrument: 
         Identi cation code: 
                                               ISIN Code: GB0009737155 
      ------------------------------------  ---------------------------------- 
  b)    Nature of the transaction:            Grant of options 
      ------------------------------------  ---------------------------------- 
  c)    Price(s) and volume(s): 
      ------------------------------------  ---------------------------------- 
  d)    Aggregated information:               N/A 
          *    Aggregated volume: 
 
 
          *    Price: 
      ------------------------------------  ---------------------------------- 
  e)    Date of the transaction:              09 November 2018 
      ------------------------------------  ---------------------------------- 
  f)    Place of the transaction:             O 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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November 12, 2018 02:00 ET (07:00 GMT)