PCI-PAL PLC — Remuneration Information 2019

Jul 26, 2019

National Storage Mechanism | Additional information

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RNS Number : 8913G

PCI-PAL PLC

26 July 2019

PCI-PAL PLC

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

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, today announces the grant ("Grant") of share options ("Options"), over a total of 300,000 ordinary shares of 1 pence each ("Ordinary Shares") to Hugh James, CTO of the Company and a person discharging managerial responsibilities ("PDMR").

The Grant replaces a grant for the same number of share options on the same terms made when Mr James joined the Group on 2 January 2019, which were not fully registered.   

The details of the Grant are as follows:

Name	Title	No Share Options granted	Date of Grant	Earliest Vesting date
Hugh James	CTO	300,000	25/07/2019	2/01/2022

Terms of the Options

The terms and conditions of these options will match those originally granted to Mr James on 2 January 2019.

The exercise price is 19.0 pence per Ordinary Share being the closing mid-market price published by the London Stock Exchange on 2 January 2019 and the earliest vesting date is 2 January 2022, subject to the recipient having remained in continuous employment prior to any exercising of this Grant and subject to the conditions below:

Tranche of award	Vesting Criteria
150,000 Options	Shall vest if the price of an Ordinary Share is equal to or greater than the Exercise Price during any continuous 30 day period falling after the Date of Grant
75,000 Options	Shall vest if the price of an Ordinary Share is equal to or greater than the Exercise Price plus 50% (28.50 pence per ordinary share) during any continuous 30 day period falling after the Date of Grant
75,000 Options	Shall vest if the price of an Ordinary Share is equal to or greater than the Exercise Price plus 100% (38.0 pence per ordinary share) during any continuous 30 day period falling after the Date of Grant

Following this grant, Hugh James holds options over 300,000 Ordinary Shares and he does not hold any other Ordinary Shares in the Company.

Following this announcement, the Company has a total of 5,111,667 options over Ordinary Shares outstanding, representing approximately 11.97% of the current issued share capital of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

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:

Hugh James

2.

Reason for the notification

a)

Position/status:

CTO / 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)
19.0 pence	300,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

25 July 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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