Last checked at 18 Jul 2022 09:03
18 July 2022
MindGym plc
("MindGym" or the "Company")
Grant of SAYE Options
MindGym (AIM: MIND), the global provider of human capital and business improvement solutions, is pleased to announce that it has launched the fourth year of a Save As You Earn Scheme (the "SAYE Scheme") for all eligible employees in the UK and Singapore.
Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.001 pence each ("Ordinary Shares") which have been granted at an exercise price of 102.0 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. The exercise price represents a 15% discount to the average closing price of an Ordinary Share across 22, 23 and 24 June 2022, the three dealing days before the invitation was made. The Options have a contract start date of 1 August 2022 and are exercisable from 1 August 2025.
A total of 44 out of 193 eligible employees have elected to participate in the SAYE Scheme and a total of 268,709 Options have been granted in the 2022 scheme, representing 0.27% of the issued share capital.
The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2022 SAYE Scheme:
PDMR | Title | Options granted |
Dominic Neary | Chief Financial Officer | 17,647 |
Crystal Metcalfe | Senior Practice Lead | 10,588 |
The Company has also implemented an Employee Stock Purchase Plan ("Plan") for US employees over the Ordinary shares. The shares have a contract start date of 1 August 2022 and will be purchased on 31 July 2023. A total of 30 out of 133 eligible employees have enrolled in the in the Plan.
Enquiries
MindGym plc Octavius Black, Chief Executive Officer Dominic Neary, Chief Financial Officer
| +44 (0)20 7376 0626
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Liberum (Nominated Adviser and Broker) Bidhi Bhoma Nick How Edward Mansfield Kane Collings
| +44 (0)20 3100 2200 | |
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MHP Communications (Public Relations Advisor) Reg Hoare Katie Hunt Charlie Protheroe
| +44 (0)20 3128 8990 mindgym@mhpc.com |