PCI-PAL PLC — Director's Dealing 2019

Jun 14, 2019

National Storage Mechanism | Additional information

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RNS Number : 1796C

PCI-PAL PLC

14 June 2019

PCI-PAL PLC

("PCI Pal", "the Company" or "the Group")

Director Dealing and

Grant of Share Options

PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, was notified that on 13 June 2017 James Barham, Chief Executive Officer, purchased ordinary shares of 1 pence in the Company.

Director Name	Title	Shares purchased on 06/03/19	Price paid per share	Total shares owned	% total voting rights of Company
James Barham	CEO	50,684	29.0p	121,942	0.28%

In addition, following Mr Barham's relocation back to the United Kingdom from the United States in April 2019, the Company has agreed to amend the share option package of James Barham.

Mr Barham has agreed to forfeit his existing holding of 550,000 non-EMI share options at 28.5 pence per share and these are being replaced by the grant of 525,000 new EMI options as detailed below.

Name	Title	Options granted	Date of Grant	Exercise price	Earliest Vesting date
James Barham	CEO	525,000	13/06/2019	28.5p	26/05/2020

Further information is set out in the FCA Disclosure table below.

Terms of the Options

The terms and conditions of these options will be identical to those originally granted to Mr Barham on 25th May 2017.

The Options will vest subject to Mr Barham having remained in continuous employment prior to any exercising of Options subject to the conditions below:

Tranche of award	Vesting Criteria
262,500 Options	Shall vest on the 25th May 2020
131,250 Options	Shall vest if the Company Share Price is equal to or greater than 66 pence per ordinary share during any continuous 30 day period falling after the Date of Grant
131,250 Options	Shall vest if the Company Share Price is equal to or greater than 88 pence per ordinary share during any continuous 30 day period falling after the Date of Grant

Following this announcement, there is a total of 5,116,667 options over Ordinary Shares, representing 11.98% of the current issued share capital of the Company.

For further information, please contact:

PCI-PAL PLC	Via Walbrook PR
James Barham - Chief Executive Officer William Good - Chief Financial Officer
finnCap (Nominated Adviser and Broker)	+44 (0) 20 7227 0500
Marc Milmo/Simon Hicks (Corporate Finance) Richard Chambers (Corporate Broking)
Walbrook PR	+44 (0) 20 7933 8780
Tom Cooper/Paul Vann	+44 (0) 797 122 1972
	tom.cooper@walbrookpr.com

About PCI Pal:

PCI Pal is a specialist provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other card payment data security rules and regulations.

With the entire product portfolio served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments are light-touch, ensuring no degradation of service while achieving security and compliance.

PCI Pal has offices in London, Ipswich (UK) and Charlotte NC (USA). For more information visit www.pcipal.com or follow the team on Twitter: https://twitter.com/PCIPAL

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

James Barham

2.

Reason for the notification

a)

Position/status:

CEO / PDMR

b)

Initial notification/Amendment:

Initial notification

3.

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

a)

Name:

PCI PAL PLC

b)

LEI:

213800XTX34IQYMYES95

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:

Options over Ordinary shares of 1 pence each

ISIN Code: GB0009737155

b)

Nature of the transaction:

Grant of Options

c)

Price(s) and volume(s):

Price(s)	Volume(s)
28.5 pence	525,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

13 June 2019

f)

Place of the transaction:

Off market transaction

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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