Last checked at 25 Jun 2019 07:00
25 June 2019
Ten Lifestyle Group Plc
("Ten" or the "Company")
Issue of Options
Ten Lifestyle Group Plc (AIM: TENG), announces that the Company has issued 624,831 options over ordinary shares in the Company ("Ordinary Shares") to employees pursuant to the Ten Lifestyle Group Plc Management Incentive Plan dated 9 November 2017 (the "MIP") and Company Share Option Plan dated 24 August 2017 (the "CSOP").
Certain of the options have been granted to persons discharging managerial responsibilities ("PDMRs"). Alex Cheatle has been issued nil cost options over 200,000 Ordinary Shares and options over 33,708 Ordinary Shares at 89 pence each. Following the issue of Options, Alex will be interested in options over 633,708 Ordinary Shares in total. Andrew Long has been issued nil cost options over 100,000 Ordinary Shares and options over 33,708 Ordinary Shares at 89 pence each. Following the issue of options, Andrew will be interested in options over 333,708 Ordinary Shares in total. Sarah Hornbuckle has been issued nil cost options over 30,000 Ordinary Shares and options over 33,708 Ordinary Shares at 89 pence each. Following the issue of options, Sarah will be interested in options over 123,708 Ordinary Shares in total. Alan Donald, Chief Finance Officer, has been issued options over 33,708 Ordinary Shares at 89 pence each. Following the issue of options, Alan will be interested in options over 33,708 Ordinary Shares in total. Malcolm Berry, President, Americas, has been issued nil cost options over 32,000 Ordinary Shares. Following the issue of options, Malcolm will be interested in options over 104,000 Ordinary Shares in total.
On 29 November 2018, Francesco De Marchis, Global Chief Technology Officer, was issued nil cost options over 344,828 Ordinary Shares. Following the issue of options, Francesco is interested in options over 491,670 Ordinary Shares in total.
The MIP options will vest following announcement of the Company's financial results for the year ending 31 August 2021, subject to the conditions of the MIP. The CSOP options will become exercisable on the third anniversary of the date of grant.
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to the issue of options.
For further information, please visit https://www.tengroup.com/ or contact:
Ten Lifestyle Group Plc Alex Cheatle, Chief Executive Officer Alan Donald, Chief Financial Officer Kerry Anderson, Head of PR
| via Tavistock
+44 (0)20 7479 3427 |
Jefferies International Limited, Nominated Advisor Simon Hardy Christopher Binks
| +44 (0) 20 7029 8000 |
Peel Hunt LLP, Joint Broker Ed Knight Peter Stewart Nick Prowting
| +44 (0) 20 7418 8900 |
Tavistock, Financial PR & IR Jos Simson Simon Hudson Jenny Boyd | +44 (0) 20 7920 3150 |
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Alex Cheatle | |||
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 | Ten Lifestyle Group Plc | |||
b) | LEI | 213800YK94ZUOJUMN686 | |||
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 | Options over ordinary shares of 0.1p each | |||
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Identification code | ISIN: GB00BF188X60 | ||||
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b) | Nature of the transaction | Issue of Options | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil cost option | 200,000 |
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| Exercise price of £0.89 | 33,708 |
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d)
| Aggregated information |
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- Aggregated volume | 233,708 | ||||
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- Price | NA | ||||
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e) | Date of the transaction | 24 June 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Andrew Long | |||
2 | Reason for the notification | ||||
a) | Position/status | Group Chief Operational Officer and Chief Executive Officer (Asia) | |||
b) | Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Ten Lifestyle Group Plc | |||
b) | LEI | 213800YK94ZUOJUMN686 | |||
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 | Options over ordinary shares of 0.1p each | |||
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| ||||
Identification code | ISIN: GB00BF188X60 | ||||
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b) | Nature of the transaction | Issue of Options | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil cost option | 100,000 |
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| Exercise price of £0.89 | 33,708 |
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d)
| Aggregated information |
| |||
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- Aggregated volume | 133,708 | ||||
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- Price | NA | ||||
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e) | Date of the transaction | 24 June 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Sarah Hornbuckle | |||
2 | Reason for the notification | ||||
a) | Position/status | Client Services Director | |||
b) | Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Ten Lifestyle Group Plc | |||
b) | LEI | 213800YK94ZUOJUMN686 | |||
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 | Options over ordinary shares of 0.1p each | |||
|
| ||||
Identification code | ISIN: GB00BF188X60 | ||||
|
| ||||
b) | Nature of the transaction | Issue of Options | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
| |
|
| Nil cost option | 30,000 |
| |
|
| Exercise price of £0.89 | 33,708 |
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 63,708 | ||||
|
| ||||
- Price | NA | ||||
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| ||||
e) | Date of the transaction | 24 June 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Alan Donald | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Finance Officer | |||
b) | Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Ten Lifestyle Group Plc | |||
b) | LEI | 213800YK94ZUOJUMN686 | |||
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 | Issue of Options | |||
|
| ||||
Identification code | ISIN: GB00BF188X60 | ||||
|
| ||||
b) | Nature of the transaction | Issue of Options | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| Exercise price of £0.89 | 33,708 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume |
| ||||
|
| ||||
- Price | NA | ||||
|
| ||||
e) | Date of the transaction | 24 June 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Malcolm Berry | |||
2 | Reason for the notification | ||||
a) | Position/status | President, Americas (PDMR) | |||
b) | Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Ten Lifestyle Group Plc | |||
b) | LEI | 213800YK94ZUOJUMN686 | |||
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 | Issue of Options | |||
|
| ||||
Identification code | ISIN: GB00BF188X60 | ||||
|
| ||||
b) | Nature of the transaction | Issue of Options | |||
c)
| Price(s) and volume(s) |
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|
|
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| Price(s) | Volume(s) |
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| Nil cost option | 32,000 |
| |
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|
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|
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d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 32,000 | ||||
|
| ||||
- Price | NA | ||||
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| ||||
e) | Date of the transaction | 24 June 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Francesco De Marchis | |||
2 | Reason for the notification | ||||
a) | Position/status | Global Chief Technology Officer (PDMR) | |||
b) | Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Ten Lifestyle Group Plc | |||
b) | LEI | 213800YK94ZUOJUMN686 | |||
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 | Issue of Options | |||
|
| ||||
Identification code | ISIN: GB00BF188X60 | ||||
|
| ||||
b) | Nature of the transaction | Issue of Options | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| Nil cost option | 344,828 |
| |
|
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|
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d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 344,828 | ||||
|
| ||||
- Price | NA | ||||
|
| ||||
e) | Date of the transaction | 29 November 2018 | |||
f) | Place of the transaction | Outside a trading venue | |||
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
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