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TENG Ten Lifestyle Group Plc

70.00
2.75 (4.09%)
Last Updated: 09:47:03
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ten Lifestyle Group Plc LSE:TENG London Ordinary Share GB00BF188X60 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.75 4.09% 70.00 70.00 71.00 70.00 69.00 69.00 14,235 09:47:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 66.66M 4.55M 0.0543 12.80 58.25M

Ten Lifestyle Group PLC PDMR Dealing and Admission of New Shares (3401L)

10/09/2021 7:00am

UK Regulatory


Ten Lifestyle (LSE:TENG)
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TIDMTENG

RNS Number : 3401L

Ten Lifestyle Group PLC

10 September 2021

10 September 2021

Ten Lifestyle Group plc

(the "Group" or the "Company")

PDMR Dealing and Admission of New Shares

Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled global concierge platform for the world's wealthy and mass affluent, announces the exercise of share options by some of the participants in the first salary sacrifice initiative, whereby the Group granted share options in exchange for voluntary salary sacrifice.

As part of Ten's COVID-19 cost saving initiatives, Ten granted options over a total of 3,708,966 ordinary shares of 0.1p each in the Company ("Ordinary Shares") on 27 March 2020 (the "First Salary Sacrifice Initiative"), as announced on 30 March 2020. The Company arranged three further salary sacrifice initiatives between March 2020 and July 2021.

On 8 September 2021, a number of individuals chose to exercise and sell a total of 1,510,860 options received pursuant to the First Salary Sacrifice Initiative, including the 'persons discharging managerial responsibilities' ("PDMRs") listed below. The Company expects to receive GBP1.06m cash from the exercise of these options.

 
 PDMR                    Position       Number Options 
                                           exercised 
                                           and sold 
 Alex Cheatle              CEO             249,167 
                    -----------------  --------------- 
                      Group COO and 
 Andrew Long            CEO (Asia)         240,949 
                    -----------------  --------------- 
                     Client Services 
 Sarah Hornbuckle        Director           50,000 
                    -----------------  --------------- 
 Alan Donald               CFO              75,000 
                    -----------------  --------------- 
 

The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to these PDMR dealings.

The same day, two employees chose to exercise a total of 40,000 options granted under the Company Share Option Scheme and an employee chose to exercise 16,000 options awarded under the Management Incentive Plan.

The Company announces that, pursuant to the exercise of options described above, it has issued 1,566,860 new Ordinary Shares.

Applications have been made for the 1,566,860 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 14 September 2021.

The total number of Ordinary Shares in issue following Admission will be 83,444,495. 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.

For further information, please visit https://www.tengroup.com/ or contact:

 
  Ten Lifestyle Group Plc 
   Alex Cheatle, Chief Executive Officer          +44 (0)20 7850 
   Alan Donald, Chief Financial Officer            2796 
  Peel Hunt LLP, Nominated Advisor and Broker 
   Edward Knight 
   Paul Gillam                                    +44 (0) 20 7418 
   Nick Prowting                                   8900 
 
 
 
 1         Details of the person discharging managerial responsibilities 
            / person closely associated 
 a)        Name                        1. Alex Cheatle 
                                        2. Andrew Long 
                                        3. Sarah Hornbuckle 
                                        4. Alan Donald 
         ---------------------------  ---------------------------------------------------- 
 2         Reason for the notification 
         --------------------------------------------------------------------------------- 
 a)        Position/status             1. Chief Executive Officer 
                                        2. Group Chief Operational Officer and 
                                        Chief Executive Officer (Asia) 
                                        3. Client Services Director 
                                        4. Chief Finance Officer 
         ---------------------------  ---------------------------------------------------- 
 b)        Initial notification          Initial Notification 
            /Amendment 
         ---------------------------  ---------------------------------------------------- 
 3         Details of the issuer, emission allowance market participant, 
            auction platform, auctioneer or auction monitor 
         --------------------------------------------------------------------------------- 
 a)        Name                          Ten Lifestyle Group Plc 
         ---------------------------  ---------------------------------------------------- 
 b)        LEI                          213800YK94ZUOJUMN686 
         ---------------------------  ---------------------------------------------------- 
 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           Exercise of options over Ordinary Shares 
            financial instrument,        of 0.1p each 
            type of instrument 
         ---------------------------  ---------------------------------------------------- 
 
           Identification code          ISIN: GB00BF188X60 
         ---------------------------  ---------------------------------------------------- 
 
 b)        Nature of the transaction    Exercise of Options 
         ---------------------------  ---------------------------------------------------- 
 c)        Price(s) and volume(s)             Exercise Price         Volume(s) 
---      ---------------------------  ----  --------------------  ------------------  ---- 
                                              GBP0.70 per Option         1. 249,167 
 
                                                                          2. 240,949 
                                                                          3. 50,000 
 
                                                                          4. 75,000 
---      ---------------------------  ----  --------------------  ------------------  ---- 
 
 d)        Aggregated information 
         ---------------------------  ---------------------------------------------------- 
 
           - Aggregated volume          1. 249,167 
                                         2. 240,949 
                                         3. 50,000 
                                         4. 75,000 
         ---------------------------  ---------------------------------------------------- 
 
           - Price                      1. GBP174,416.90 
                                         2. GBP168,664.30 
                                         3. GBP35,000.00 
                                         4. GBP52,500.00 
         ---------------------------  ---------------------------------------------------- 
 
 e)        Date of the transaction      8 September 2021 
         ---------------------------  ---------------------------------------------------- 
 f)        Place of the transaction     Off market 
         ---------------------------  ---------------------------------------------------- 
 
 
 1         Details of the person discharging managerial responsibilities 
            / person closely associated 
 a)        Name                        1. Alex Cheatle 
                                        2. Andrew Long 
                                        3. Sarah Hornbuckle 
                                        4. Alan Donald 
         ---------------------------  ------------------------------------------------ 
 2         Reason for the notification 
         ----------------------------------------------------------------------------- 
 a)        Position/status             1. Chief Executive Officer 
                                        2. Group Chief Operational Officer and 
                                        Chief Executive Officer (Asia) 
                                        3. Client Services Director 
 
                                        4. Chief Finance Officer 
         ---------------------------  ------------------------------------------------ 
 b)        Initial notification          Initial Notification 
            /Amendment 
         ---------------------------  ------------------------------------------------ 
 3         Details of the issuer, emission allowance market participant, 
            auction platform, auctioneer or auction monitor 
         ----------------------------------------------------------------------------- 
 a)        Name                          Ten Lifestyle Group Plc 
         ---------------------------  ------------------------------------------------ 
 b)        LEI                          213800YK94ZUOJUMN686 
         ---------------------------  ------------------------------------------------ 
 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           Disposal of Ordinary shares of 0.1p each 
            financial instrument, 
            type of instrument 
         ---------------------------  ------------------------------------------------ 
 
           Identification code          ISIN: GB00BF188X60 
         ---------------------------  ------------------------------------------------ 
 
 b)        Nature of the transaction    Exercise of Options 
         ---------------------------  ------------------------------------------------ 
 c)        Price(s) and volume(s)               Price(s)             Volume(s) 
---      ---------------------------  -----  -------------------  --------------  ---- 
                                               GBP1.038251 per      1. 249,167 
                                                Ordinary Share 
                                                                     2. 240,949 
                                                                     3. 50,000 
                                                                     4. 75,000 
---      ---------------------------  -----  -------------------  --------------  ---- 
 
 d)        Aggregated information 
         ---------------------------  ------------------------------------------------ 
 
           - Aggregated volume          1. 249,167 
                                         2. 240,949 
                                         3. 50,000 
                                         4. 75,000 
         ---------------------------  ------------------------------------------------ 
 
           - Price                      1. GBP258,697.89 
                                         2. GBP250,165.54 
                                         3. GBP51,912.55 
                                         4. GBP77,868.83 
         ---------------------------  ------------------------------------------------ 
 
 e)        Date of the transaction      8 September 2021 
         ---------------------------  ------------------------------------------------ 
 f)        Place of the transaction     London Stock Exchange (XLON); AIM 
         ---------------------------  ------------------------------------------------ 
 

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 rns@lseg.com or visit www.rns.com.

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END

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September 10, 2021 02:00 ET (06:00 GMT)

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