MIND GYM PLC

Director's Dealing • Aug 29, 2024

National Storage Mechanism | Additional information

RNS Number : 0604C

Mind Gym PLC

29 August 2024

29 August 2024

Mind Gym plc

("MindGym" or the "Company")

Grant of awards under the Long Term Incentive Plan

MindGym (AIM: MIND), the global provider of human capital and business improvement solutions, announces the following awards made on 28 August 2024 under the Company's Long Term Incentive Plan ("LTIP"):

·      Christoffer Ellehuus, Chief Executive Officer and a Director of the Company, was awarded 1,754,385 nil-cost options over ordinary shares of 0.1 pence each in the Company under the LTIP; and

·      Emily Fyffe, Chief Financial Officer designate was awarded 345,398 nil-cost options over ordinary shares of 0.1 pence each in the Company under the LTIP.

In accordance with the LTIP rules, such awards have a vesting period of three years and are exercisable up to the tenth anniversary of the award date or earlier if the Board decides otherwise. Vesting is subject to performance conditions, which have been set based on revenue (35% of the award) earnings before interest, tax, depreciation and amortisation ("EBITDA") margin (15% of the award) and tenure (50% of the award).

Enquiries

Mind Gym plc	+44 (0) 20 7376 0626
Dominic Neary (CFO) investors@themindgym.com
Panmure Liberum (Nominated Adviser and Broker)	+44 (0) 20 3100 2000
Nick How Anake Singh
MHP	+44 (0) 78 8544 7944
Reg Hoare Katie Hunt Veronica Farah mindgym@mhpgroup.com

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

Christoffer Ellehuus

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mind Gym plc

b)

LEI

213800ER1PA5QSNKIL80

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

Ordinary Shares of 0.1 pence each

ISIN: GB00BF3SQB83

b)

Nature of the transaction

Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	1,754,385

d)

Aggregated information (if any)

- Aggregated volume

- Price

N/A - single transaction

e)

Date of transaction

28 August 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emily Fyffe

2

Reason for the notification

a)

Position/status

Chief Financial Officer designate

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mind Gym plc

b)

LEI

213800ER1PA5QSNKIL80

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

Ordinary Shares of 0.1 pence each

ISIN: GB00BF3SQB83

b)

Nature of the transaction

Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	345,398

d)

Aggregated information (if any)

- Aggregated volume

- Price

N/A - single transaction

e)

Date of transaction

28 August 2024

f)

Place of the transaction

Outside a trading venue

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