MIND GYM PLC — Remuneration Information 2023

Mar 20, 2023

National Storage Mechanism | Additional information

RNS Number : 4420T

Mind Gym PLC

20 March 2023

20 March 2023

Mind Gym plc 

("Mind Gym" or the "Company")

Grant of award under the Long Term Incentive Plan

Mind Gym (AIM: MIND) announces that on 21 July 2022, Dominic Neary, Chief Financial Officer and a Director of the Company, was awarded 183,333 nil-cost options over ordinary shares of 0.001 pence each in the Company under the Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP rules, such award has a vesting period between three and five years and is 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 (75% of the award) and earnings before interest, tax, depreciation and amortisation ("EBITDA") (25% of the award).

The details of the award are set out below:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dominic Neary

2

Reason for the notification

a)

Position/status

Chief Financial 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 0.001 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	183,333

d)

Aggregated information (if any)

- Aggregated volume

- Price

N/A - single transaction

e)

Date of transaction

21 July 2022

f)

Place of the transaction

Outside a trading venue

Enquiries    

Mind Gym plc	+44 (0) 20 7376 0626
Dominic Neary (CFO) investors@themindgym.com
Liberum (Nominated Adviser and Broker)	+44 (0) 20 3100 2000
Nick How Edward Mansfield Cara Murphy
MHP	+44 (0) 20 3128 8004
Reg Hoare Katie Hunt Veronica Farah mindgym@mhpgroup.com

About Mind Gym

Mind Gym is a company that delivers business improvement solutions using scalable, proprietary products which are based on behavioural science. The Group operates in three global markets: business transformation, human capital management and learning & development.

Mind Gym is listed on the London Stock Exchange Alternative Investment Market (ticker: MIND) and headquartered in London. The business has offices in London, New York and Singapore.

Further information is available at www.themindgym.com

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