3 Aug 2020 08:42
3 August 2020Â
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MySale Group plc
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(the "Company", "MySale" or the "Group")
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Management Incentive Scheme and Issue of Equity
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MySale Group plc (AIM: MYSL), the leading international online retailer, announces a share grant under the Company's management incentive scheme (the "Scheme") to a further two key members of its senior management team, to align their incentives with the Company's long-term growth strategy.
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A total of 4,413,062 Share Awards will be granted under the Mysale Loan Share Plan ("Loan Share Plan"). Under the Loan Share Plan, the Company has issued 2,206,531 ordinary shares directly to each of Kevin Cliffe (Head of Trading) and Gavin Cliffe (Chief Technology Officer).
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The exercise of any Share Awards will be subject to the achievement of the applicable vesting conditions during the vesting period.
On the sale of a Share Award share, the participant is entitled to the sale proceeds in excess of the exercise price per share. This permits holders of Share Awards to benefit from the growth in value of an Ordinary Share above the Share Award exercise price.
The Company has issued Share Awards to PDMR's as set out in the table below:
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Name | Share Award | Number of Ordinary Shares | Vesting period of Share Award | Exercise Price | Vesting Price | Lock-in period |
Kevin Cliffe | Loan Share Plan | 2,206,531 | 3 years from issue | 5.665 pence | 100% at 10p | 3 years from issue |
Gavin Cliffe | Loan Share Plan | 2,206,531 | 3 years from issue | 5.665 pence | 100% at 10p | 3 years from issue |
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Total Voting Rights
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Application has been made for admission of 4,413,062 ordinary shares to trading on AIM, with an anticipated admission date of 7 August 2020. Following admission of the shares the Company's total issued share capital will be 852,251,287 Ordinary Shares.
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There are 7,542,614 shares held in treasury therefore, the total number of voting rights in the Company is 844,708,673. 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.
Enquiries:
MySale Group plc | |
Carl Jackson, Chief Executive Officer Mats Weiss, Chief Financial and Operating Officer | +61 (0) 414 817 843 +61 (0) 403 810 762 |
N+1 Singer (Nominated Adviser and Joint Broker) | +44 (0) 20 7496 3000 |
Mark Taylor Justin McKeegan Carlo Spingardi | |
Zeus Capital (Joint Broker) Daniel Harris/Ben Burnett, Corporate Finance John Goold, Corporate Broking | +44 (0) 20 3829 5000 |
MHP Communications (Financial PR Adviser) | +44 (0) 20 3128 8570 |
Simon Hockridge Giles Robinson Pete Lambie |
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The information contained within this announcement is deemed to constitute inside information for the purposes of article 7 of the Market Abuse Regulation (EU) no. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||
a) | Name | Kevin Cliffe | |
2 | Reason for the notification | ||
a) | Position/status | Head of Trading (PDMR) | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | MySale Group plc | |
b) | LEI | 213800BXZGPMK9JIXO84 | |
4 Â | 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 held in a loan share plan   JE00BMH4MR96 | |
b) | Nature of the transaction | Grant of conditional ownership in loan share plan | |
c) Â | Price(s) and volume(s) Â | Price | Volume |
5.665p  | 2,206,531 | ||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A | |
e) | Date of the transaction | 3 August 2020 | |
f) | Place of the transaction | Off market transaction | |
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||
a) | Name | Gavin Cliffe | |
2 | Reason for the notification | ||
a) | Position/status | CTO (PDMR) | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | MySale Group plc | |
b) | LEI | 213800BXZGPMK9JIXO84 | |
4 Â | 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 held in a loan share plan   JE00BMH4MR96 | |
b) | Nature of the transaction | Grant of conditional ownership in loan share plan | |
c) Â | Price(s) and volume(s) Â | Price | Volume |
5.665p | 2,206,531 | ||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A | |
e) | Date of the transaction | 3 August 2020 | |
f) | Place of the transaction | Off market transaction | |
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