PCI-PAL PLC Grant of Share Options (6303R)

TIDMPCIP

RNS Number : 6303R

PCI-PAL PLC

01 March 2019

PCI-PAL PLC

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

Grant of Share 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 that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to a person disclosing managerial responsibilities ("PDMR").

Darren Gill, who was recently promoted to the position of Chief Revenue Officer (CRO) in the Company and is therefore a PDMR, has been granted 100,000 Options (the "PDMR Grant") as follows:

 
 Name          Title    Options   Date of Grant   Earliest Vesting 
                        granted                               date 
 Darren Gill   CRO      100,000      28/02/2019         27/07/2019 
              ------  ---------  --------------  ----------------- 
 

Following the PDMR Grant, Darren Gill holds options over 250,000 Ordinary Shares.

In addition, he owns a total of 100,000 Ordinary Shares, representing 0.2% the current issued share capital of the Company.

Further information is set out in the FCA Disclosure table below.

Terms of the Options

The exercise price is 23.0 pence per Ordinary Share, being the closing mid-market price published by the London Stock Exchange on 27 February 2019, and the Options will vest over a four-year period subject to the recipient having remained in continuous employment prior to any exercising of Options.

The terms of vesting are as follows:

 
 Tranche of award             Vesting Criteria 
  10,416 Options    Shall vest on the 27 July 2019 being 
                     5 months from the date of issue 
                   ------------------------------------- 
  89,584 Options    Shall vest in equal monthly tranches 
                     over a period of 43 months starting 
                     on the 27 August 2019 
                   ------------------------------------- 
 

Following this announcement, there is a total of 5,111,667 options over Ordinary Shares, representing 11.97% 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/Marc Milmo/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 specialist provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other card payment data security rules and regulations.

With the entire product portfolio served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments are light-touch, ensuring no degradation of service while achieving security and compliance.

PCI Pal has offices in London, Ipswich (UK) and Charlotte NC (USA). For more information visit www.pcipal.com or follow the team on Twitter: https://twitter.com/PCIPAL

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Darren Gill 
     -----------------------------------------  ----------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status:                           Chief Revenue Officer / PDMR 
     -----------------------------------------  ----------------------------- 
 b)   Initial notification/Amendment:            Initial notification 
     -----------------------------------------  ----------------------------- 
 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 financial instrument,   Options over Ordinary shares 
       type of instrument:                        of 1 pence each 
       Identification code: 
                                                  ISIN Code: GB0009737155 
     -----------------------------------------  ----------------------------- 
 b)   Nature of the transaction:                  Grant of Options 
     -----------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s):                     Price(s)    Volume(s) 
                                                   23 pence    100,000 
                                                              ---------- 
     -----------------------------------------  ----------------------------- 
 d)   Aggregated information:                    N/A 
        *    Aggregated volume: 
 
 
        *    Price: 
     -----------------------------------------  ----------------------------- 
 e)   Date of the transaction:                   27 February 2019 
     -----------------------------------------  ----------------------------- 
 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.

END

DSHSSIFDFFUSEFD

(END) Dow Jones Newswires

March 01, 2019 08:18 ET (13:18 GMT)