29 Dec 2020 10:30
29 December 2020
Prime People plc
("Prime People" or the "Company")
Grant of Options
Prime People plc (AIM: PRP), the global specialist recruitment business for professional and technical staff working in the Real Estate & Built Environment and Technology, Digital & Data Analytics sectors, announces that on 28 December 2020, the Company granted share options over a total of 725,000 ordinary shares of 10p each in the Company ("Ordinary Shares"), under the Company's Enterprise Management Incentive Share Option Scheme (Number 2), to the following persons discharging managerial responsibilities ("PDMRs") (the "New Share Options"):
| New Share Options granted |
PDMR |
|
Simon Crabb | 325,000 |
William Buck | 250,000 |
Nicholas Carman | 150,000 |
In summary, the principal terms of the New Share Options are:
· exercisable at a price of 10 pence per share prior to 28 December 2030;
· subject to a three-year vesting period, vesting on 30 September 2023 (the "Vesting Date") subject to satisfaction of specific performance conditions including a minimum Group EBITDA hurdle; and
· the new ordinary shares issued as a result of exercise of any of the New Share Options are subject to an additional two year holding period.
Following the grant of the New Share Options, the Company has a total of 1,113,000 new ordinary shares currently under option, representing approximately 9.18 per cent of the Company's issued share capital.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further details.
For further information, please contact:
Prime People | 020 7318 1785 |
Robert Macdonald, Executive Chairman | |
Cenkos Securities plc | 020 7397 8900 |
Katy Birkin/Nick Wells |
|
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Simon Crabb | |
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 | Prime People Plc | |
b) | LEI | 213800IY9PFL1DOWHY26 | |
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 | Ordinary Shares of 10p each | |
| Identification code | GB00B4ZG0R74 | |
b) | Nature of the transaction | Grant of options to acquire ordinary shares under the Company's Enterprise Management Incentive Share Option Scheme (Number 2) | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.00 | 325,000 | ||
d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | |
| Price | N/A single transaction | |
e) | Date of the transaction | 28 December 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 Buck | |
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 | Prime People Plc | |
b) | LEI | 213800IY9PFL1DOWHY26 | |
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 | Ordinary Shares of 10p each | |
| Identification code | GB00B4ZG0R74 | |
b) | Nature of the transaction | Grant of options to acquire ordinary shares under the Company's Enterprise Management Incentive Share Option Scheme (Number 2) | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.00 | 250,000 | ||
d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | |
| Price | N/A single transaction | |
e) | Date of the transaction | 28 December 2020 | |
f) | Place of the transaction | Outside of a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Nicholas Carman | |
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 | Prime People Plc | |
b) | LEI | 213800IY9PFL1DOWHY26 | |
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 | Ordinary Shares of 10p each | |
| Identification code | GB00B4ZG0R74 | |
b) | Nature of the transaction | Grant of options to acquire ordinary shares under the Company's Enterprise Management Incentive Share Option Scheme (Number 2) | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.00 | 150,000 | ||
d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | |
| Price | N/A single transaction | |
e) | Date of the transaction | 28 December 2020 | |
f) | Place of the transaction | Outside of a trading venue | |
PRP.L (PRP)