PDMR Dealing and Admission of New Shares
Source: RNS
10 September 2021
Ten Lifestyle Group plc
(the "Group" or the "Company")
PDMR Dealing and Admission of New Shares
Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled global concierge platform for the world's wealthy and mass affluent, announces the exercise of share options by some of the participants in the first salary sacrifice initiative, whereby the Group granted share options in exchange for voluntary salary sacrifice.
As part of Ten's COVID-19 cost saving initiatives, Ten granted options over a total of 3,708,966 ordinary shares of 0.1p each in the Company ("Ordinary Shares") on 27 March 2020 (the "First Salary Sacrifice Initiative"), as announced on 30 March 2020. The Company arranged three further salary sacrifice initiatives between March 2020 and July 2021.
On 8 September 2021, a number of individuals chose to exercise and sell a total of 1,510,860 options received pursuant to the First Salary Sacrifice Initiative, including the 'persons discharging managerial responsibilities' ("PDMRs") listed below. The Company expects to receive £1.06m cash from the exercise of these options.
|
PDMR |
Position |
Number Options exercised and sold |
|
Alex Cheatle |
CEO |
249,167 |
|
Andrew Long |
Group COO and CEO (Asia) |
240,949 |
|
Sarah Hornbuckle |
Client Services Director |
50,000 |
|
Alan Donald |
CFO |
75,000 |
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to these PDMR dealings.
The same day, two employees chose to exercise a total of 40,000 options granted under the Company Share Option Scheme and an employee chose to exercise 16,000 options awarded under the Management Incentive Plan.
The Company announces that, pursuant to the exercise of options described above, it has issued 1,566,860 new Ordinary Shares.
Applications have been made for the 1,566,860 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or around 14 September 2021.
The total number of Ordinary Shares in issue following Admission will be 83,444,495. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information, please visit https://www.tengroup.com/ or contact:
|
Ten Lifestyle Group Plc Alex Cheatle, Chief Executive Officer Alan Donald, Chief Financial Officer
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+44 (0)20 7850 2796
|
|
Peel Hunt LLP, Nominated Advisor and Broker Edward Knight Paul Gillam Nick Prowting
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+44 (0) 20 7418 8900 |
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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|||||
|
a) |
Name |
1. Alex Cheatle 2. Andrew Long 3. Sarah Hornbuckle 4. Alan Donald |
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|
2 |
Reason for the notification |
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|||||
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a) |
Position/status |
1. Chief Executive Officer 2. Group Chief Operational Officer and Chief Executive Officer (Asia) 3. Client Services Director 4. Chief Finance Officer |
|
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
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||||
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|||||
|
a) |
Name |
Ten Lifestyle Group Plc |
|
||||
|
b) |
LEI |
213800YK94ZUOJUMN686 |
|
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|
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 |
Exercise of options over Ordinary Shares of 0.1p each |
|
||||
|
|
|
||||||
|
|
Identification code |
ISIN: GB00BF188X60 |
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|
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|
b) |
Nature of the transaction |
Exercise of Options |
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||||
|
c) |
|
Price(s) and volume(s) |
|
Exercise Price |
Volume(s) |
|
|
|
|
|
|
|
£0.70 per Option |
1. 249,167 2. 240,949 3. 50,000 4. 75,000 |
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|
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|
|
|
|
|
|
|
|
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d)
|
Aggregated information |
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|
||||
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|
|
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|||||
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- Aggregated volume |
1. 249,167 2. 240,949 3. 50,000 4. 75,000 |
|
|||||
|
|
|
|
|||||
|
- Price |
1. £174,416.90 2. £168,664.30 3. £35,000.00 4. £52,500.00 |
|
|||||
|
|
|
|
|||||
|
e) |
Date of the transaction |
8 September 2021 |
|
||||
|
f) |
Place of the transaction |
Off market |
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||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
|
|||||
|
a) |
Name |
1. Alex Cheatle 2. Andrew Long 3. Sarah Hornbuckle 4. Alan Donald |
|
||||
|
2 |
Reason for the notification |
|
|||||
|
a) |
Position/status |
1. Chief Executive Officer 2. Group Chief Operational Officer and Chief Executive Officer (Asia) 3. Client Services Director 4. Chief Finance Officer |
|
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
|
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|||||
|
a) |
Name |
Ten Lifestyle Group Plc |
|
||||
|
b) |
LEI |
213800YK94ZUOJUMN686 |
|
||||
|
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 |
Disposal of Ordinary shares of 0.1p each |
|
||||
|
|
|
||||||
|
|
Identification code |
ISIN: GB00BF188X60 |
|
||||
|
|
|
|
|||||
|
b) |
Nature of the transaction |
Exercise of Options |
|
||||
|
c) |
|
Price(s) and volume(s) |
|
Price(s) |
Volume(s) |
|
|
|
|
|
|
|
£1.038251 per Ordinary Share |
1. 249,167 2. 240,949 3. 50,000 4. 75,000 |
|
|
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|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|
||||
|
|
|
|
|||||
|
- Aggregated volume |
1. 249,167 2. 240,949 3. 50,000 4. 75,000 |
|
|||||
|
|
|
||||||
|
|
- Price |
1. £258,697.89 2. £250,165.54 3. £51,912.55 4. £77,868.83 |
|
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|
|
|
||||||
|
e) |
Date of the transaction |
8 September 2021 |
|
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|
f) |
Place of the transaction |
London Stock Exchange (XLON); AIM |
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