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POD POINT GROUP HOLDINGS PLC
Remuneration Information • Aug 16, 2022
5084_dirs_2022-08-16_eb6fb59a-1de7-45d4-a408-4c6a6a9fcaa0.html
Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 0836W
Pod Point Group Holdings PLC
16 August 2022
16 August 2022
Pod Point Group Holdings plc
(the "Company" or "Pod Point")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR')
The Company announces that, on 11 August 2022, it granted a Nil Cost Option ("Option") over Ordinary Shares of £0.001 each in the Company ("Shares"), in accordance with the Rules of the Pod Point Long-Term Incentive Plan ("LTIP"), to David Wolffe, Chief Financial Officer Designate of the Company.
Vesting of the Option is subject to the Rules of the LTIP and upon continued employment to the normal vesting date and the achievement of performance conditions. The performance conditions applicable to the Option are based on (1) revenue in 2024, (2) recurring and owned asset revenue in 2024, (3) cumulative adjusted EBITDA, and (4) proportion of the Pod Point UK leased or owned vehicle fleet that are Battery Electric Vehicles (BEV) or Range-extended hybrid vehicles (REX) (25% weighting for each measure).
The number of Shares under Option that will vest will depend upon the extent to which the performance conditions have been achieved.
No consideration is payable either on the grant or vesting of the Option. The Option will normally vest three years from the date of grant.
This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
Erik Fairbairn
Chief Executive Officer
Enquiries
| Tulchan Communications (Public relations advisor to Pod Point) |
+44 207 353 4200 [email protected] |
| James Macey White, Mark Burgess, Matt Low, Laura Marshall, Arthur Rogers |
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Wolffe
2.
Reason for notification
a)
Position / status
Chief Financial Officer Designate and PDMR
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Pod Point Group Holdings plc
b)
LEI
213800MY9U5MEDG21D89
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
Ordinary shares of £0.001 each
ISIN: GB00BNDRD100
b)
Nature of the transaction
Award of Nil Cost Option
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 510, 879 |
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2022-08-11
f)
Place of the transaction
Outside of a trading venue
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