Grant of Awards under Long Term Incentive Plan
Source: RNS
2 November 2022
Supply@ME Capital plc
(the "Company", "Supply@ME" or "SYME")
Grant of Awards under the Supply@ME Long Term Incentive Plan
SYME, the fintech business which provides an innovative fintech platform ("Platform") for use by manufacturing and trading companies to access Inventory Monetisation© solutions enabling their businesses to generate cashflow, announces that, following approval from the Company's board of directors (the "Board" or "Directors") and remuneration committee of the Board, on 31 October 2022 awards in the form of nominal-cost share options ("Awards") over 897,424,157 ordinary shares of nominal value 0.002 pence each in the capital of the Company ("Ordinary Shares") were granted under the Supply@ME Long Term Incentive Plan (the "LTIP") to certain of the Company's executives and senior management.
The Awards granted include those made to the following Director and person discharging managerial responsibilities ("PDMR"):
|
Name |
Position |
Number of Ordinary Shares under Award |
|
Alessandro Zamboni |
Chief Executive Officer; Executive Director |
258,750,000 |
|
Amy Benning |
Chief Financial Officer; PDMR |
187,500,000 |
Pursuant to the terms of the LTIP the Awards will normally become exercisable on 31 October 2025.
Awards may become exercisable subject to continued employment and the achievement of an absolute Total Shareholder Return performance condition measured over a three-year performance period over the 2022, 2023 and 2024 financial years (as set out in SYME's 2021 Annual Report and Accounts).
The Award granted to the Chief Executive Officer is additionally subject to a two-year holding period following the vesting date.
Enquiries:
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com
Media:
Nicola Louis, MHP, Nicola.Louis@mhpc.com
The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation 2014/596/EU, which is part of the domestic law of the United Kingdom of Great Britain and Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310).
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
1. Alessandro Zamboni 2. Amy Benning
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2 |
Reason for notification |
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a) |
Position/status |
1. Chief Executive Officer; Executive Director 2. Chief Financial Officer; PDMR
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Supply@ME Capital plc |
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b) |
LEI |
213800ZY2C2TI2C5WQ61 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of nominal value 0.002p each in the capital of Supply@Me Capital plc ISIN: GB00BFMDJC60 |
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b) |
Nature of the transaction |
Grant of awards in the form of nominal-cost options over Ordinary Shares under the Supply@ME Long Term Incentive Plan
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c) |
Price(s) and volume(s)
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d) |
Aggregated information - Aggregated volume - Price |
446,250,000 Nil |
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e) |
Date of the transaction |
31 October 2022 |
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f) |
Place of the transaction |
Outside of a trading venue |
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