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9 Jul 2020 07:00
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Grant of Share Options
PCI-PAL PLC (AIM: PCIP), the global provider of secure payment solutions, today announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to four employees discharging managerial responsibilities ("PDMR").
The grants made to PDMRs (the "PDMR Options") are as follows:
Name | Title | Options granted | Exercise price | Date of Grant | Earliest Vesting date |
James Barham | CEO | 250,000 | 40 pence | 08/07/2020 | 08/07/2023 |
William Good | CFO | 200,000 | 40 pence | 08/07/2020 | 08/07/2023 |
Geoff Forsyth | CISO | 20,000 | 40 pence | 08/07/2020 | 08/07/2023 |
Jane Goodayle | SVP Global Marketing | 135,000 | 40 pence | 08/07/2020 | 08/07/2023 |
As part of this option grant, William Good has agreed to cancel 100,000 previously issued share options with an exercise price of 26.5 pence dated 12 November 2018.
Following the grant of the PDMR Options, the PDMRs hold the following share options and Ordinary Shares in the Company.
Name | Title | Options held | Ordinary Shares held | % of Ordinary Share capital of the Company |
James Barham | CEO | 775,000 | 138,812 | 0.23% |
William Good | CFO | 500,000 | 205,000 | 0.35% |
Geoff Forsyth | CISO | 345,000 | 1,343,371 | 2.27% |
Jane Goodayle | SVP Global Marketing | 185,000 | 0 | 0% |
Further information is set out in the FCA Disclosure table below.
Terms of the Options
The PDMR Options will vest after a three-year period subject to the recipient having remained in continuous employment. In addition, certain performance conditions apply to the vesting of different tranches of each award as set out below. In each case the vesting is further conditional upon the Company's share price (being the closing mid-market price published by the London Stock Exchange) being greater than or equal to a benchmark price for a continuous 30 trading days following the date of grant (the "Benchmark Price").
Tranche of award | Benchmark Price |
Initial 50% | 40 pence (being the share price at the date of grant) |
Further 25% | 60 pence (being 50% above the share price at the date of grant) |
Final 25% | 80 pence (being 100% above the share price at the date of grant) |
Additional options being issued to non PDMR employees
In addition to the above Options a further 210,000 share options have been issued to employees of the Group in line with the Group's policy that all employees should hold share options in the Company.
Following this announcement, there is a total of 5,711,667 options over Ordinary Shares, representing 9.64% of the current issued share capital of the Company.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
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 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 products 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): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 08 July 2020 | ||||
f) | Place of the transaction: | Outside of a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | William Good | ||||
2. | Reason for the notification | |||||
a) | Position/status: | CFO / 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): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 08 July 2020 | ||||
f) | Place of the transaction: | Outside of a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Geoff Forsyth | ||||
2. | Reason for the notification | |||||
a) | Position/status: | CISO / 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): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 08 July 2020 | ||||
f) | Place of the transaction: | Outside of a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Jane Goodayle | ||||
2. | Reason for the notification | |||||
a) | Position/status: | SVP Global Marketing / 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): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 08 July 2020 | ||||
f) | Place of the transaction: | Outside of a trading venue | ||||
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