Last checked at 25 Nov 2022 16:55
25 November 2022
Bango PLC
("Bango")
Director Share purchases via Employee Share Incentive Plan
Bango (AIM: BGO), the global platform for data driven commerce, announces that it has established a new share incentive plan (the "SIP" or the "Plan") open to all UK based Bango employees.
The SIP, which was entered into in November, has been adopted to support the principles of wider share ownership among all Bango's UK based employees. The SIP allows employees to purchase ordinary shares of 20 pence each in Bango ("Ordinary Shares") via the SIP trustee, up to HMRC limits (currently £1,800 in any tax year). The Ordinary Shares acquired in this manner are referred to as "Partnership Shares" and, for each Partnership Share purchased, participants are awarded two further free Ordinary Shares, known as a "Matching Shares". Matching and Partnership Shares are purchased by the trust on the open market.
Matching Shares must be held for a minimum holding period of 3 years and are forfeited if, during that period, the employee ceases to be employed by Bango.
Several employees that participate in Plan the are also PDMRs, and therefore their purchases under the Plan will be reported as they are made.
Initial purchase of Partnership Shares and award of Matching Shares
On 24 November 2022, the Company received notification from Equiniti Share Plan Trustees Limited, the trustee of the SIP, that on 23 November 2022 it purchased in aggregate 11,355 Ordinary Shares in the market at a price of 194p per Ordinary Share on behalf of those Directors and PDMRs set out in the table below. These individuals were awarded Matching Shares in line with the plan rules.
Director / PDMR | Title and Position | Number of Partnership Shares acquired under the SIP on 23 November 2022 | Number of Matching Shares acquired under the SIP on 23 November 2022 | Total beneficial holding of Ordinary Shares following these acquisitions | |
Number of Ordinary Shares | Approximate % of Company's issued share capital | ||||
Paul Larbey | CEO and Director | 927 | 1854 | 45,471 | 0.06% |
Matt Garner | CFO and Director | 927 | 1854 | 2,781 | 0.004% |
Ray Anderson | Executive Chair and Director | 927 | 1854 | 6,555,597 | 8.59% |
Anil Malhotra | CMO and Director | 77 | 154 | 3,973,502 | 5.21% |
Wayne Griffiths | COO and PDMR | 927 | 1854 | 2,781 | 0.004% |
Contact Details:
Bango PLC | Liberum Capital | |
Tel. +1223 617 387 | Tel. +44 20 3100 2000 | |
E. investors@bango.com | ||
Paul Larbey, CEO | Cameron Duncan | |
Matt Garner, CFO | Kate Bannatyne | |
Anil Malhotra, CMO | Will King | |
Rebecca Jamieson, IR |
About Bango
The world's largest online merchants, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT), use Bango technology to acquire more paying users.
Bango has developed unique purchase behavior technology that enables millions more users to buy the products and services they want, using innovative methods of payment including carrier billing, digital wallets and subscription bundling. Bango harnesses this purchase activity into valuable marketing segments, called Bango Audiences. Merchants use these audiences to target their marketing at paying customers based on their purchase behavior. Better targeting increases spend through the Bango payments business, in turn generating more data insights, creating a powerful virtuous circle that drives continuous growth. Everyone connected to the Bango Platform thrives as the virtuous circle grows.
Bango, the technology behind every payment choice. For more information, visit www.bangoinvestor.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | Paul Douglas Larbey | ||||||||||
2 | Reason for notification |
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a) | Position/Status | Chief Executive Officer and Director | ||||||||||
b) | Initial notification/Amendment | Initial Notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Bango PLC | ||||||||||
b) | LEI | 213800V5MWHQCL7RF574 | ||||||||||
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 |
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a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 20 pence each GB00B0BRN552 | ||||||||||
b) | Nature of the transaction | 1. Purchase of partnership shares under the SIP 2. Award of matching shares under the SIP | ||||||||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 23 November 2022 | ||||||||||
f) | Place of the transaction | London Stock Exchange XLON |
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | Matthew Jonathan Garner | ||||||||||
2 | Reason for notification |
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a) | Position/Status | Chief Financial Officer and Director | ||||||||||
b) | Initial notification/Amendment | Initial Notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Bango PLC | ||||||||||
b) | LEI | 213800V5MWHQCL7RF574 | ||||||||||
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, type of instrument Identification code | Ordinary Shares of 20 pence each GB00B0BRN552 | ||||||||||
b) | Nature of the transaction | 1. Purchase of partnership shares under the SIP 2. Award of matching shares under the SIP | ||||||||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 23 November 2022 | ||||||||||
f) | Place of the transaction | London Stock Exchange XLON |
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | Ray Anderson | ||||||||||
2 | Reason for notification |
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a) | Position/Status | Executive Chair and Director | ||||||||||
b) | Initial notification/Amendment | Initial Notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||||||||
a) | Name | Bango PLC | ||||||||||
b) | LEI | 213800V5MWHQCL7RF574 | ||||||||||
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, type of instrument Identification code | Ordinary Shares of 20 pence each GB00B0BRN552 | ||||||||||
b) | Nature of the transaction | 1. Purchase of partnership shares under the SIP 2. Award of matching shares under the SIP | ||||||||||
c) | Price(s) and volume(s)
|
| ||||||||||
d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 23 November 2022 | ||||||||||
f) | Place of the transaction | London Stock Exchange XLON |
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | Anil Malhotra | ||||||||||
2 | Reason for notification |
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a) | Position/Status | Chief Marketing Officer and Director | ||||||||||
b) | Initial notification/Amendment | Initial Notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| ||||||||||
a) | Name | Bango PLC | ||||||||||
b) | LEI | 213800V5MWHQCL7RF574 | ||||||||||
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, type of instrument Identification code | Ordinary Shares of 20 pence each GB00B0BRN552 | ||||||||||
b) | Nature of the transaction | 1. Purchase of partnership shares under the SIP 2. Award of matching shares under the SIP | ||||||||||
c) | Price(s) and volume(s)
|
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 23 November 2022 | ||||||||||
f) | Place of the transaction | London Stock Exchange XLON |
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | Wayne Griffiths | ||||||||||
2 | Reason for notification |
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a) | Position/Status | Chief Operating Officer and Director | ||||||||||
b) | Initial notification/Amendment | Initial Notification | ||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Bango PLC | ||||||||||
b) | LEI | 213800V5MWHQCL7RF574 | ||||||||||
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, type of instrument Identification code | Ordinary Shares of 20 pence each GB00B0BRN552 | ||||||||||
b) | Nature of the transaction | 1. Purchase of partnership shares under the SIP 2. Award of matching shares under the SIP | ||||||||||
c) | Price(s) and volume(s)
|
| ||||||||||
d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 23 November 2022 | ||||||||||
f) | Place of the transaction | London Stock Exchange XLON |