Business
Grant of Awards under the Supply@ME LTIP
Grant of Awards under the Supply@ME LTIP.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n\n22 May 2023\n\nSupply@ME Capital plc\n(the \"Company\", \"Supply@ME\" or \"SYME\")\nGrant of Awards under the Supply@ME Long Term Incentive Plan\nSYME, the fintech business which provides an innovative fintech 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 19 May 2023 awards in the form of nominal-cost share options (\"Awards\") over 355,884,274 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.\nThe Awards granted include those made to the following Director and person discharging managerial responsibilities (\"PDMR\"):\n\n\n\nName\n\n\nPosition\n\n\nNumber of Ordinary Shares under Award\n\n\n\n\nAlessandro Zamboni\n\n\nChief Executive Officer; Executive Director\n\n\n97,031,250\n\n\n\n\nAmy Benning\n\n\nChief Financial Officer; PDMR\n\n\n70,312,500\n\n\n\nPursuant to the terms of the LTIP the Awards will normally become exercisable on 19 May 2026.\nAwards may become exercisable subject to continued employment and the achievement of performance conditions relating to absolute Total Shareholder Return measured (50%) and volume of inventory monetised (50%). Each performance condition will be measured over a three-year performance period comprising the 2023, 2024 and 2025 financial years (as set out in SYME's 2022 Annual Report and Accounts).\nThe Award granted to Alessandro Zamboni is additionally subject to a two-year post-vesting holding period following the vesting date.\nContact information:\nAlessandro Zamboni, CEO, Supply@ME Capital plc, [email protected]\nMHP Group, [email protected]\nThe 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). \n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities ...