Photo-Me International PLC PDMR notification (0273W)

TIDMPHTM

RNS Number : 0273W

Photo-Me International PLC

20 April 2021

Photo-Me International PLC

20 April 2021

Photo-Me International PLC

(the "Company")

Notification of Transactions of Persons Discharging Managerial Responsibility (PDMRs)

The Company announces that Mr Stéphane Gibon, the Group CFO and a PDMR, has been granted share options over ordinary shares of 0.5 pence each of the Company ("Ordinary Shares") under the Company's Executive Share Option Scheme (2014) (the "Scheme").

Under the Scheme, Mr Gibon has been awarded 100,000 options over Ordinary Shares, subject to continued employment at the Company and, in line with previous awards, the Company's achieving certain performance criteria based on 2023 earnings per share. No consideration was paid for the grant which is structured as a nil-cost option. The number of options over Ordinary Shares has been calculated using the average middle-market quotation of shares (derived from the London Stock Exchange Daily Official List for the three dealing days immediately before the grant date) giving an exercise price of 61.4 pence per Ordinary Share. The options will vest three years after the date of grant (19 April 2021) and will remain exercisable until the seventh anniversary of the date of grant.

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Enquiries:

 
   Photo-Me International 
    plc 
    Delmo Mansi, Company Secretary    01372 453399 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                Stéphane Gibon 
      ----------------------------------  ------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                     PDMR 
      ----------------------------------  ------------------------------------------------- 
 b)    Initial notification                Initial 
        /Amendment 
      ----------------------------------  ------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                Photo-Me International PLC 
      ----------------------------------  ------------------------------------------------- 
 b)    LEI                                 2138006YJ65EKBYYYX41 
      ----------------------------------  ------------------------------------------------- 
 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                  Options over Ordinary shares of 0.5p 
        financial instrument,               each in the Company 
        type of instrument 
 
       Identification code                 GB0008481250 
 
 b)    Nature of the transaction           Grant of options to subscribe for Ordinary 
                                            Shares in the Company under the Company's 
                                            Executive Share Option Scheme 2014, 
                                            conditional on future performance. 
                                            The options will vest three years after 
                                            the date of grant and remain exercisable 
                                            until the seventh anniversary of the 
                                            date of grant. 
      ----------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                           ----------------------------  ---------------- 
                                            Price per share               Volume(s) 
                                           ----------------------------  ---------------- 
    Nil cost                                                              100,000 
   --------------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                 N /A - Single transaction 
 
  - Price 
 
 e)    Date of the transaction             19 April 2021 
      ----------------------------------  ------------------------------------------------- 
 f)    Place of the transaction            Outside trading venue 
      ----------------------------------  ------------------------------------------------- 
 

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April 20, 2021 05:10 ET (09:10 GMT)