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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% | 62.00 | 61.00 | 63.00 | 62.00 | 62.00 | 62.00 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 14.95M | -4.89M | -0.0747 | -8.30 | 40.59M |
TIDMPCIP
RNS Number : 2958V
PCI-PAL PLC
13 April 2021
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Grant of Share Options
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications , today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to a person disclosing managerial responsibilities ("PDMR").
Mufti Monim, who joined the Group on 12 April 2021 as the Chief Technical Officer (CTO), has been granted 250,000 Options (the "PDMR Grant") as follows:
Name Title Options Date of Grant Earliest Vesting granted date Mufti Monim CTO 250,000 12/04/2021 12/04/2024 ------ --------- -------------- -----------------
Following the PDMR Grant, Mufti Monim holds options over 250,000 Ordinary Shares.
He does not hold any Ordinary Shares .
Further information is set out in the FCA Disclosure table below.
Terms of the Options
The exercise price is 113.50 pence per Ordinary Share, being the closing mid-market price published by the London Stock Exchange on 9 April 2021, and the Options will vest after 12 April 2024 subject to the recipient having remained in continuous employment prior to any exercising of Options and that the following performance criteria have been met.
The terms of vesting are as follows:
Tranche of award Vesting Criteria 50% of the grant The Option shall be exercisable over Options 50% of the Option Shares (rounded down to the nearest whole Share) if the price of the Company's shares, as determined by the previous dealing day's closing price (derived from the London Stock Exchange or as published in the Financial Times) ("Company Share Price") is equal to or greater than 113.5 pence per share during any continuous 30 day period falling after the Date of Grant -------------------------------------------- 25% of the grant The Option shall be exercisable over Options an additional 25% of the Option Shares (rounded down to the nearest whole Share) if the Company Share Price is equal to or greater than 170.25 pence per share during any continuous 30 day period falling after the Date of Grant. -------------------------------------------- 25% of the grant The Option shall be exercisable over Options an additional 25% of the Option Shares (rounded down to the nearest whole Share) if the Company Share Price is equal to or greater than 227.0 pence per share during any continuous 30 day period falling after the Date of Grant. --------------------------------------------
Following this announcement, there is a total of 6,056,667 options over Ordinary Shares, representing 10.16% 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) +44 (0) 20 7227 0500 Marc Milmo/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking) Walbrook PR +44 (0) 20 7933 8780 Tom Cooper/Paul Vann +44 (0) 797 122 1972 tom.cooper@walbrookpr.com
About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.
The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ. PCI Pal products can be used by any size organisation globally, and we are proud to work with some of the largest and most respected brands in the world.
For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/
1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Mufti Monim ----------------------------------------- ----------------------------- 2. Reason for the notification ------------------------------------------------------------------------ a) Position/status: Chief Technical 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) 113.50 pence 250,000 ---------- ----------------------------------------- ----------------------------- d) Aggregated information: N/A * Aggregated volume: * Price: ----------------------------------------- ----------------------------- e) Date of the transaction: 12 April 2021 ----------------------------------------- ----------------------------- f) Place of the transaction: Off market transaction ----------------------------------------- -----------------------------
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END
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(END) Dow Jones Newswires
April 13, 2021 05:14 ET (09:14 GMT)
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