Business
PDMR Dealing and Admission of New Shares
PDMR Dealing and Admission of New Shares.
About this update from Ten Lifestyle Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3401L\n Ten Lifestyle Group PLC\n 10 September 2021\n \n \n \n \n 10 September 2021\n \n \n Ten Lifestyle Group plc\n \n \n (the \"Group\" or the \"Company\")\n \n \n \n \n \n PDMR Dealing and Admission of New 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 the exercise of share options by some of the participants in the first salary sacrifice initiative, whereby the Group granted share options in exchange for voluntary salary sacrifice.\n \n \n \n \n \n As part of Ten's COVID-19 cost saving initiatives, Ten granted options over a total of 3,708,966 ordinary shares of 0.1p each in the Company (\"Ordinary Shares\") on 27 March 2020 (the \"First Salary Sacrifice Initiative\"), as announced on 30 March 2020. The Company arranged three further salary sacrifice initiatives between March 2020 and July 2021. \n \n \n \n \n \n On 8 September 2021, a number of individuals chose to exercise and sell a total of 1,510,860 options received pursuant to the First Salary Sacrifice Initiative, including the 'persons discharging managerial responsibilities' (\"PDMRs\") listed below. The Company expects to receive £1.06m cash from the exercise of these options. \n \n \n \n \n \n \n \n \n \n PDMR\n \n \n \n \n Position\n \n \n \n \n Number Options exercised and sold\n \n \n \n \n \n \n Alex Cheatle\n \n \n \n \n CEO\n \n \n \n \n 249,167\n \n \n \n \n \n \n Andrew Long\n \n \n \n \n Group COO and CEO (Asia)\n \n \n \n \n 240,949\n \n \n \n \n \n \n Sarah Hornbuckle\n \n \n \n \n Client Services Director\n \n \n \n \n 50,000\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 \n \n \n \n \n The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to these PDMR dealings.\n \n \n \n \n \n The same day, two employees chose to exercise a total of 40,000 options granted under the Company Share Option Scheme and an employee chose to exercise 16,000 options awarded under the Management Incentive Plan. \n \n \n \n \n \n The Company announces that, pursuant to the exercise of options described above, it has issued 1,566,860 new Ordinary Shares.\n \n \n \n \n \n ...