Grant of SAYE options

Source: RNS
RNS Number : 4133N
Mind Gym PLC
22 September 2023
 

22 September 2023

 

Mind Gym plc

("MindGym" or the "Company")

 

Grant of SAYE options

 

MindGym, the global provider of human capital and business improvement solutions, is pleased to announce that it has launched the fifth year of a Save As You Earn Scheme (the "SAYE Scheme") for all eligible employees in the UK and Singapore.

 

Eligible employees were invited to subscribe for options ("Options") over the Company's Ordinary Shares of 0.001 pence each ("Ordinary Shares") which have been granted at an exercise price of 52.1 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. The exercise price represents a 15% discount to the average closing price of an Ordinary Share across 16, 17 and 18 August 2023, the three dealing days before the invitation was made. The Options have a contract start date of 1 October 2023 and are exercisable from 1 October 2026.

 

A total of 45 out of 233 eligible employees have elected to participate in the SAYE Scheme and a total of 742,336 Options have been granted in the 2023 scheme, representing 0.74% of the issued share capital.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2023 SAYE Scheme:

 

PDMR

Title

Options granted

David Lush

Chief Technology Officer

14,233


The Company has also implemented an Employee Stock Purchase Plan ("ESPP Scheme") for US employees over the Ordinary shares. The shares have a contract start date of 18 September 2023 and will be purchased on or around 18 September 2024.  A total of 15 out of 125 eligible employees have enrolled in the in the Plan.

 

The following PDMRs have chosen to participate in the ESPP Scheme:

 

PDMR

Title

ESPP Scheme application ($)

Janet Ahn

President, Chief Behavioural Science Officer

6,600


 

Enquiries    

 

Mind Gym plc

Octavius Black (CEO)

Dominic Neary (CFO)

+44 (0) 20 7376 0626

investors@themindgym.com

 

 

 


Liberum (Nominated Adviser and Sole Broker)

Nicholas How

Edward Mansfield

Cara Murphy

+44 (0) 20 3100 2000

 

 


MHP (for media enquiries)

Reg Hoare

Katie Hunt

Veronica Farah

+44 (0) 20 3128 8793

mindgym@mhpgroup.com

 

 


 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Lush

2

Reason for the notification

a)

Position/status

Chief Technology Officer

b)

Is this an initial notification or an amendment to a prior notification?

Initial notification

3

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

a)

Name

Mind Gym plc

b)

LEI

213800ER1PA5QSNKIL80

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 0.001 pence each

 

ISIN: GB00BF3SQB83

b)

Nature of the transaction

Grant of SAYE Option

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

nil

14,233

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

e)

Date of transaction

1 October 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

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