Business
Grant of Share Options
Grant of Share Options.
About this update from Pci-pal Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2958V\n PCI-PAL PLC\n 13 April 2021\n \n \n \n \n \n \n \n \n \n \n \n PCI-PAL PLC\n \n \n (\"PCI Pal\", \"the Company\" or \"the Group\")\n \n \n \n \n \n Grant of Share Options\n \n \n \n \n \n PCI-PAL PLC (AIM: PCIP), \n the global cloud provider of secure payment solutions for business communications\n , today announces that it has granted options (\"Options\") over ordinary shares of 1 pence each (\"Ordinary Shares\") to a person disclosing managerial responsibilities (\"PDMR\").\n \n \n \n \n \n Mufti Monim, who joined the Group on 12 April 2021 as the Chief Technical Officer (CTO), has been granted 250,000 Options (the \"PDMR Grant\") as follows:\n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n Title\n \n \n \n \n Options granted\n \n \n \n \n Date of Grant\n \n \n \n \n Earliest Vesting date\n \n \n \n \n \n \n Mufti Monim\n \n \n \n \n CTO \n \n \n \n \n 250,000\n \n \n \n \n 12/04/2021\n \n \n \n \n 12/04/2024\n \n \n \n \n \n \n \n \n \n Following the PDMR Grant, Mufti Monim holds options over 250,000 Ordinary Shares.\n \n \n \n \n \n He does not hold any Ordinary Shares\n .\n \n \n \n \n \n Further information is set out in the FCA Disclosure table below.\n \n \n \n \n \n Terms of the Options\n \n \n The exercise price is 113.50 pence per Ordinary Share, being the closing mid-market price published by the London Stock Exchange on 9 April 2021, and the Options will vest after 12 April 2024 subject to the recipient having remained in continuous employment prior to any exercising of Options and that the following performance criteria have been met. \n \n \n \n \n \n The terms of vesting are as follows:\n \n \n \n \n \n \n \n \n \n Tranche of award\n \n \n \n \n Vesting Criteria\n \n \n \n \n \n \n 50% of the grant Options\n \n \n \n \n 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 113.5 pence per share during any continuous 30 day period falling after the Date of Grant\n \n \n \n \n \n \n 25% of the grant Options\n \n \n \n \n The...