20 Apr 2021 10:10
Photo-Me International PLC
20 April 2021
Photo-Me International PLC
(the "Company")
Notification of Transactions of Persons Discharging Managerial Responsibility (PDMRs)
The Company announces that Mr Stéphane Gibon, the Group CFO and a PDMR, has been granted share options over ordinary shares of 0.5 pence each of the Company ("Ordinary Shares") under the Company's Executive Share Option Scheme (2014) (the "Scheme").
Under the Scheme, Mr Gibon has been awarded 100,000 options over Ordinary Shares, subject to continued employment at the Company and, in line with previous awards, the Company's achieving certain performance criteria based on 2023 earnings per share. No consideration was paid for the grant which is structured as a nil-cost option. The number of options over Ordinary Shares has been calculated using the average middle-market quotation of shares (derived from the London Stock Exchange Daily Official List for the three dealing days immediately before the grant date) giving an exercise price of 61.4 pence per Ordinary Share. The options will vest three years after the date of grant (19 April 2021) and will remain exercisable until the seventh anniversary of the date of grant.
The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
Enquiries:
Photo-Me International plc Delmo Mansi, Company Secretary | 01372 453399 |
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Stéphane Gibon | |||
2
| Reason for the notification
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a)
| Position/status
| PDMR | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Photo-Me International PLC | |||
b)
| LEI
| 2138006YJ65EKBYYYX41 | |||
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
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a)
| Description of the financial instrument, type of instrument | Options over Ordinary shares of 0.5p each in the Company
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Identification code | GB0008481250 | ||||
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b)
| Nature of the transaction
| Grant of options to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The options will vest three years after the date of grant and remain exercisable until the seventh anniversary of the date of grant. | |||
c)
| Price(s) and volume(s) |
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| Price per share | Volume(s) |
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| Nil cost | 100,000 |
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d)
| Aggregated information |
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- Aggregated volume | N/A - Single transaction | ||||
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- Price |
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e)
| Date of the transaction
| 19 April 2021 | |||
f)
| Place of the transaction
| Outside trading venue | |||
END