AI assistant
PCI-PAL PLC Remuneration Information 2022
7837_def-14a_2022-10-07_7fad9f96-86a6-49ad-abcb-8785786b7713.html
Remuneration Information
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 0884C
PCI-PAL PLC
07 October 2022
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Director/PDMR Issue of Options
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to persons discharging managerial responsibilities ("PDMR") on 6 October 2022 at an exercise price of 54.50p, being the closing price on 5 October 2022, as follows:
| Name | Title | Options Granted | Earliest Vesting Date | Total Options Held |
| Jane Goodayle | CMO | 45,000 | 06/10/2025 | 250,000 |
| Adrienne Brophy | General Counsel | 145,000 | 06/10/2025 | 145,000 |
The terms of vesting are as follows:
| Tranche of Awards | Vesting Criteria |
| 50% of the grant Options | The Option shall be exercisable over 50% of the Option Shares (rounded down to the nearest whole Share) if the price of the Company's shares, as determined by the previous dealing day's closing price (derived from the London Stock Exchange or as published in the Financial Times) ("Company Share Price") is equal to or greater than 54.50 pence per share during any continuous 30 day period falling after the Date of Grant. |
| 25% of the grant Options | The Option shall be exercisable over an additional 25% of the Option Shares (rounded down to the nearest whole Share) if the Company Share Price is equal to or greater than 81.75 pence per share during any continuous 30 day period falling after the Date of Grant. |
| 25% of the grant Options | The Option shall be exercisable over the remaining 25% of the Option Shares if the Company Share Price is equal to or greater than 109.0 pence per share during any continuous 30 day period falling after the Date of Grant. |
In addition, a 240,000 share options are being issued to employees of the Group at an exercise price of 54.50 pence.
The earliest vesting date is 06 October 2025 subject to the recipients having remained in continuous employment prior to any exercising of Options and that the following performance criteria have been met.
Following this announcement, there is a total of 8,276,667 options over Ordinary Shares, representing 12.61% 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) Sunila De Silva (Corporate Broking) |
|
| Walbrook PR | +44 (0) 20 7933 8780 |
| Tom Cooper/Paul Vann | +44 (0) 797 122 1972 |
| [email protected] |
About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.
The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ.
For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Jane Goodayle
2.
Reason for the notification
a)
Position/status:
CMO
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:
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) |
| 54.50 pence | 45,000 |
d)
Aggregated information:
· Aggregated volume:
· Price:
e)
Dates of the transactions:
06 October 2022
f)
Place of the transaction:
Off Market Transaction
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Adrienne Brophy
2.
Reason for the notification
a)
Position/status:
General Counsel
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:
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) |
| 54.50 pence | 145,000 |
d)
Aggregated information:
· Aggregated volume:
· Price:
e)
Dates of the transactions:
06 October 2022
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 [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHBKABQABDDNKK