Ten Lifestyle Group PLC Director Options (9124Y)
January 07 2020 - 2:00AM
UK Regulatory
TIDMTENG
RNS Number : 9124Y
Ten Lifestyle Group PLC
07 January 2020
7(th) January 2020
Ten Lifestyle Group plc
("Ten" or the "Company")
Grant of Options
Ten Lifestyle Group plc (AIM: TENG), a leading
technology-enabled lifestyle and travel service platform for the
world's wealthy and mass affluent, announces that the Company has
granted nil cost options to certain 'persons discharging managerial
responsibilities' of the Company ("PDMRs") over ordinary shares of
0.1p each in the Company ("Ordinary Shares"), pursuant to the Ten
Lifestyle Group Plc Management Incentive Plan dated 9 November 2017
(the "MIP Options").
PDMR Position Number of new Resulting total
MIP Options options held over
granted Ordinary Shares
Chief Executive
Alex Cheatle Officer 200,000 833,708
------------------------- -------------- -------------------
Group Chief Operational
Officer and Chief
Executive Officer
Andrew Long (Asia) 100,000 433,708
------------------------- -------------- -------------------
Client Services
Sarah Hornbuckle Director 32,000 155,708
------------------------- -------------- -------------------
Chief Financial
Alan Donald Officer 150,000 183,708
------------------------- -------------- -------------------
This is the first grant of MIP Options to Mr. Donald since he
was appointed as Chief Financial Officer on 24 June 2019.
The nil cost MIP Options will vest following announcement of the
Company's financial results for the year ending 31 August 2022,
subject to the performance conditions of the MIP Options.
The performance conditions are based on total shareholder return
("TSR") and, for some participants, operational targets. For Alex
Cheatle, Alan Donald and Sarah Hornbuckle, their performance
condition is wholly linked to the compound annual growth rate of
TSR. Andrew Long's performance conditions are linked to the
compound annual growth rate of TSR as well as to Net Revenue growth
in APAC and profit making in that region. The Committee believes
the aforementioned performance metrics are aligned with achieving
KPI growth and driving the Company's strategy forward.
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to the granting of
these MIP Options.
For further information, please visit https://www.tengroup.com/
or contact:
Ten Lifestyle Group Plc via Tavistock
Alex Cheatle, Chief Executive Officer +44 (0)20 7479
Alan Donald, Chief Financial Officer 3427
Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
George Sellar +44 (0) 20 7418
Nick Prowting 8900
Tavistock, Financial PR & IR
Jos Simson
Heather Armstrong +44 (0) 20 7920
Tim Pearson 3150
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alex Cheatle
------------------------------ ------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------ ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Ten Lifestyle Group Plc
------------------------------ ------------------------------------------------
b) LEI 213800YK94ZUOJUMN686
------------------------------ ------------------------------------------------
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 Options over ordinary shares of 0.1p
financial instrument, each in the Company
type of instrument
------------------------------ ------------------------------------------------
Identification code ISIN: GB00BF188X60
------------------------------ ------------------------------------------------
b) Nature of the transaction Grant of options
------------------------------ ------------------------------------------------
c) Price(s) and volume(s)
---- ------------------------------ -------------- ------------- -------------
Price(s) Volume(s)
---- ------------------------------ -------------- ------------- -------------
Nil 200,000
------------------------------ ------------------------- ------------- -------------
d) Aggregated information
------------------------------ ------------------------------------------------
- Aggregated volume 200,000
------------------------------ --------------------------------------------------------
- Price Nil
------------------------------ --------------------------------------------------------
e) Date of the transaction 6th January 2020
------------------------------ ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Long
------------------------------ ----------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Group Chief Operational Officer and Chief
Executive Officer (Asia)
------------------------------ ----------------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Ten Lifestyle Group Plc
------------------------------ ----------------------------------------------------
b) LEI 213800YK94ZUOJUMN686
------------------------------ ----------------------------------------------------
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 Options over ordinary shares of 0.1p
financial instrument, each in the Company
type of instrument
------------------------------ ----------------------------------------------------
Identification code ISIN: GB00BF188X60
------------------------------ ----------------------------------------------------
b) Nature of the transaction Grant of options
------------------------------ ----------------------------------------------------
c) Price(s) and volume(s)
---- ------------------------------ --- ---------------- -------------- -------------
Price(s) Volume(s)
---- ------------------------------ --- ---------------- -------------- -------------
Nil 100,000
------------------------------ ---------------------------- -------------- -------------
d) Aggregated information
------------------------------ ----------------------------------------------------
- Aggregated volume 100,000
------------------------------ ------------------------------------------------------------
- Price Nil
------------------------------ ------------------------------------------------------------
e) Date of the transaction 6th January 2020
------------------------------ ----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sarah Hornbuckle
------------------------------ ------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Client Services Director
------------------------------ ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Ten Lifestyle Group Plc
------------------------------ ------------------------------------------------
b) LEI 213800YK94ZUOJUMN686
------------------------------ ------------------------------------------------
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 Options over ordinary shares of 0.1p
financial instrument, each in the Company
type of instrument
------------------------------ ------------------------------------------------
Identification code ISIN: GB00BF188X60
------------------------------ ------------------------------------------------
b) Nature of the transaction Grant of options
------------------------------ ------------------------------------------------
c) Price(s) and volume(s)
---- ------------------------------ -------------- ------------- -------------
Price(s) Volume(s)
---- ------------------------------ -------------- ------------- -------------
Nil 32,000
------------------------------ ------------------------- ------------- -------------
d) Aggregated information
------------------------------ ------------------------------------------------
- Aggregated volume 32,000
------------------------------ --------------------------------------------------------
- Price Nil
------------------------------ --------------------------------------------------------
e) Date of the transaction 6th January 2020
------------------------------ ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alan Donald
------------------------------ ------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------ ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Ten Lifestyle Group Plc
------------------------------ ------------------------------------------------
b) LEI 213800YK94ZUOJUMN686
------------------------------ ------------------------------------------------
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 Options over ordinary shares of 0.1p
financial instrument, each in the Company
type of instrument
------------------------------ ------------------------------------------------
Identification code ISIN: GB00BF188X60
------------------------------ ------------------------------------------------
b) Nature of the transaction Grant of options
------------------------------ ------------------------------------------------
c) Price(s) and volume(s)
---- ------------------------------ -------------- ------------- -------------
Price(s) Volume(s)
---- ------------------------------ -------------- ------------- -------------
Nil 150,000
------------------------------ ------------------------- ------------- -------------
d) Aggregated information
------------------------------ ------------------------------------------------
- Aggregated volume 150,000
------------------------------ --------------------------------------------------------
- Price Nil
------------------------------ --------------------------------------------------------
e) Date of the transaction 6th January 2020
------------------------------ ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHKQLFBBFLBBBZ
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