Last checked at 4 Mar 2022 07:00
4 March 2022
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Director/PDMR Issue of Options
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to persons discharging managerial responsibilities ("PDMR") and Directors on 2 March 2022 at an exercise price of 57.50p, being the closing price on 1 March 2022, as follows:
Name | Title | Options Granted | Earliest Vesting Date | Total Options Held |
James Barham | CEO | 200,000 | 1 July 2024 | 975,000 |
William Good | CFO | 150,000 | 1 July 2024 | 650,000 |
Sadie Sangster | PDMR | 75,000 | 1 July 2024 | 375,000 |
Jane Goodayle | PDMR | 20,000 | 1 July 2024 | 205,000 |
Mufti Monim | PDMR | 50,000 | 1 July 2024 | 300,000 |
Darren Gill | PDMR | 100,000 | 1 July 2022 | 350,000 |
The performance and vesting conditions for James Barham and William Good are:
% of Options grant vesting | Vesting conditions following earliest vesting date of 1 July 2024 |
25% | Company share price reaching ≥ 130 pence per share |
25% | Company share price reaching ≥ 175 pence per share |
50% | Company share price reaching ≥ 225 pence per share for a continuous 30 day period |
The PDMR options are subject to individual performance and vesting conditions.
In addition, a further 935,000 share options are being issued to employees of the Group at an exercise price of 57.50 pence.
Following this announcement, there is a total of 8,146,667 options over Ordinary Shares, representing 12.46% 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 leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.
The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ.
For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | James Barham | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive Officer | ||||
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: | Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Issue of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: |
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e) | Dates of the transactions: | 2 March 2022 | ||||
f) | Place of the transaction: | London | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | William Good | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Financial Officer | ||||
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: | Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Issue of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: |
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e) | Dates of the transactions: | 2 March 2022 | ||||
f) | Place of the transaction: | London | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Sadie Sangster | ||||
2. | Reason for the notification | |||||
a) | Position/status: | 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: | Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Issue of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: |
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e) | Dates of the transactions: | 2 March 2022 | ||||
f) | Place of the transaction: | London | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Jane Goodayle | ||||
2. | Reason for the notification | |||||
a) | Position/status: | 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: | Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Issue of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: |
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e) | Dates of the transactions: | 2 March 2022 | ||||
f) | Place of the transaction: | London | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mufti Monim | ||||
2. | Reason for the notification | |||||
a) | Position/status: | 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: | Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Issue of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: |
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e) | Dates of the transactions: | 2 March 2022 | ||||
f) | Place of the transaction: | London | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Darren Gill | ||||
2. | Reason for the notification | |||||
a) | Position/status: | 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: | Ordinary shares of 1 pence each
ISIN Code: GB0009737155 | ||||
b) | Nature of the transaction: | Issue of Options | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Price: |
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e) | Dates of the transactions: | 2 March 2022 | ||||
f) | Place of the transaction: | London | ||||