6 Jan 2023 08:13
6 January 2023
CentralNic Group plc
("CentralNic" or the "Company")
(AIM: CNIC)
Share Awards and exercise of Options
CentralNic announces that on 5 January 2023 the following PDMRs have exercised share options previously granted by the Company ("Options):
PDMR | Number of Ordinary Shares acquired on exercise of Options | Exercise Price of Options | Date of grant of Option |
Iain McDonald | 350,000 | 40p | 4 February 2016 |
Iain McDonald | 500,000 | 0p | 10 March 2020 |
Thomas Rickert | 88,000 | 57p | 1 September 2013 |
Thomas Rickert | 350,000 | 40p | 4 February 2016 |
The exercise of options was satisfied by 1,288,000 shares from the CentralNic Employee Benefit Trust. Only the minimum amount of shares required to fund the exercise price and partially settle the tax liabilities on the option exercise and the exercising NEDs intend to hold the remaining balance of shares. The total number of shares sold by Iain McDonald was 260,038 and the number sold by Thomas Rickert was 198,142. Net of this sale, Iain McDonald will retain 589,962 shares and Thomas Rickert 239,858 shares.
This exercise further aligns the Company's policy on NED remuneration with best practice in the UK and as a result none of the Non-Executive Directors of the company hold any share options. To achieve this, the Company has allowed Iain McDonald to exercise the options granted to him on 10 March 2020 ahead of its vesting date on 10 March 2023. The retained shares will be subject to a Lock in Deed until the vesting date of the corresponding options.
The table below summarising the total number of Ordinary Shares under options held by the Directors as at the date of this announcement:
Director | Number of Ordinary Share subject to options | Vesting date | Exercise price per Ordinary Share | |
Don Baladasan | 293,151 | 1 March 2021 - 1 March 2023 | Nil | |
Don Baladasan | 586,302 | 1 March 2022 - 1 March 2024 | Nil | |
Don Baladasan | 879,452 | 1 March 2023 - 1 March 2025 | Nil | |
Michael Riedl | 53,250 | 1 January 2023 | Nil | |
Michael Riedl | 231,050 | 1 March 2021 - 1 March 2023 | Nil | |
Michael Riedl | 462,100 | 1 March 2022 - 1 March 2024 | Nil | |
Michael Riedl | 693,150 | 1 March 2023 - 1 March 2025 | Nil | |
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 | |||||||||||||
a) | Name | Iain McDonald | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Non-Executive Chairman | ||||||||||||
b)
| Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | CentralNic Group plc | ||||||||||||
b) | LEI | 213800M4IINBWMXEKV82 | ||||||||||||
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 £0.001
GB00BCCW4X83 | ||||||||||||
b) | Nature of the transaction | Exercise of share options & Sale | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 5 January 2023 | ||||||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Thomas Rickert | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Non-Executive Director | ||||||||||||
b)
| Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | CentralNic Group plc | ||||||||||||
b) | LEI | 213800M4IINBWMXEKV82 | ||||||||||||
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 £0.001
GB00BCCW4X83 | ||||||||||||
b) | Nature of the transaction | Exercise of share options | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
e) | Date of the transaction | 5 January 2023 | ||||||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||||||