Business
Admission of New Ordinary Shares and Options Grant
Admission of New Ordinary Shares and Options Grant.
About this update from Ten Lifestyle Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4416J\n Ten Lifestyle Group PLC\n 22 December 2020\n \n \n \n \n 22 December 2020\n \n \n \n \n \n Ten Lifestyle Group plc\n \n \n (\"Ten\" or the \"Company\")\n \n \n \n \n \n Exercise of Share Options, Admission of New Ordinary Shares and Grant of Options\n \n \n \n \n \n Exercise of Share Options and Admission of New Ordinary Shares\n \n \n \n \n \n Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled, global concierge platform for the world's wealthy and mass affluent, announces that it has issued 84,417 new Ordinary Shares of 0.1 pence each in the Company (\"Ordinary Shares\") pursuant to the exercise of options by employees under its Company Share Option Plan.\n \n \n \n \n \n Applications have been made for the 84,417 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 24 December 2020.\n \n \n \n \n \n The total number of Ordinary Shares in issue following Admission will be 80,761,229. 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.\n \n \n \n \n \n Grant of Options\n \n \n \n \n \n The Company has also granted nil cost options to certain 'persons discharging managerial responsibilities' of the Company (\"PDMRs\") over Ordinary Shares, pursuant to the Ten Lifestyle Group Plc Management Incentive Plan dated 9 November 2017 (the \"MIP Options\").\n \n \n \n \n \n \n \n \n PDMR\n \n \n \n \n Position\n \n \n \n \n Number of new MIP Options granted\n \n \n \n \n Resulting total options held over Ordinary Shares\n \n \n \n \n \n \n Alex Cheatle\n \n \n \n \n CEO\n \n \n \n \n 200,000\n \n \n \n \n 1,231,708 \n \n \n \n \n \n \n Andrew Long\n \n \n \n \n Group COO and CEO (Asia)\n \n \n \n \n 100,000\n \n \n \n \n 889,089 \n \n \n \n \n \n \n Sarah Hornbuckle\n \n \n \n \n Client Services Director\n \n \n \n \n 40,000\n \n \n \n \n 279,728 \n \n \n \n \n \n \n Alan Donald\n \n \n \n \n CFO\n \n \n \n \n 75,000\n \n \n \n \n 469,508 \n \n \n \n \n \n \n \n \n The nil cost MIP Options will vest following anno...