Last checked at 14 Jun 2019 07:00
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Director Dealing and
Grant of Share Options
PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, was notified that on 13 June 2017 James Barham, Chief Executive Officer, purchased ordinary shares of 1 pence in the Company.
Director Name | Title | Shares purchased on 06/03/19 | Price paid per share | Total shares owned | % total voting rights of Company |
James Barham | CEO | 50,684 | 29.0p | 121,942 | 0.28% |
In addition, following Mr Barham's relocation back to the United Kingdom from the United States in April 2019, the Company has agreed to amend the share option package of James Barham.
Mr Barham has agreed to forfeit his existing holding of 550,000 non-EMI share options at 28.5 pence per share and these are being replaced by the grant of 525,000 new EMI options as detailed below.
Name | Title | Options granted | Date of Grant | Exercise price | Earliest Vesting date |
James Barham | CEO | 525,000 | 13/06/2019 | 28.5p | 26/05/2020 |
Further information is set out in the FCA Disclosure table below.
Terms of the Options
The terms and conditions of these options will be identical to those originally granted to Mr Barham on 25th May 2017.
The Options will vest subject to Mr Barham having remained in continuous employment prior to any exercising of Options subject to the conditions below:
Tranche of award | Vesting Criteria |
262,500 Options | Shall vest on the 25th May 2020
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131,250 Options | Shall vest if the Company Share Price is equal to or greater than 66 pence per ordinary share during any continuous 30 day period falling after the Date of Grant
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131,250 Options | Shall vest if the Company Share Price is equal to or greater than 88 pence per ordinary share during any continuous 30 day period falling after the Date of Grant
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Following this announcement, there is a total of 5,116,667 options over Ordinary Shares, representing 11.98% of the current issued share capital of the Company.
For further information, please contact:
PCI-PAL PLC | Via Walbrook PR |
James Barham - Chief Executive Officer William Good - Chief Financial Officer
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finnCap (Nominated Adviser and Broker) | +44 (0) 20 7227 0500 |
Marc Milmo/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking)
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Walbrook PR | +44 (0) 20 7933 8780 |
Tom Cooper/Paul Vann | +44 (0) 797 122 1972 |
| tom.cooper@walbrookpr.com |
About PCI Pal:
PCI Pal is a specialist provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other card payment data security rules and regulations.
With the entire product portfolio served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments are light-touch, ensuring no degradation of service while achieving security and compliance.
PCI Pal has offices in London, Ipswich (UK) and Charlotte NC (USA). For more information visit www.pcipal.com or follow the team on Twitter: https://twitter.com/PCIPAL
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | James Barham | ||||
2. | Reason for the notification | |||||
a) | Position/status: | CEO / PDMR | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | PCI PAL PLC | ||||
b) | LEI: | 213800XTX34IQYMYES95 | ||||
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: | Options over Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Grant of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 13 June 2019 | ||||
f) | Place of the transaction: | Off market transaction | ||||