TIDMTENG
RNS Number : 4416J
Ten Lifestyle Group PLC
22 December 2020
22 December 2020
Ten Lifestyle Group plc
("Ten" or the "Company")
Exercise of Share Options, Admission of New Ordinary Shares and
Grant of Options
Exercise of Share Options and Admission of New Ordinary
Shares
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.
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.
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.
Grant of Options
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").
PDMR Position Number of new Resulting total
MIP Options options held over
granted Ordinary Shares
Alex Cheatle CEO 200,000 1,231,708
-------------------------- -------------- -------------------
Group COO and CEO
Andrew Long (Asia) 100,000 889,089
-------------------------- -------------- -------------------
Sarah Hornbuckle Client Services Director 40,000 279,728
-------------------------- -------------- -------------------
Alan Donald CFO 75,000 469,508
-------------------------- -------------- -------------------
The nil cost MIP Options will vest following announcement of the
Company's financial results for the year ending 31 August 2023,
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 Remuneration
Committee believes the aforementioned performance metrics
appropriately incentivise and are aligned with the Company's
strategic goals and the long-term interests of shareholders.
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to the granting of
these MIP Options.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Alex Cheatle
2. Andrew Long
3. Sarah Hornbuckle
4. Alan Donald
------------------------------ ------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a. Position/status 1. Chief Executive Officer
2. Group COO and CEO (Asia)
3. Client Services Director
4. CFO
------------------------------ ------------------------------------------------
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 Options over Ordinary Shares of 0.1 pence
the
Financial instrument, GB00BF188X60
type
of instrument
Identification
code
------------------------------ ------------------------------------------------
b. Nature of the Grant of options under the Management Incentive
transaction Plan
------------------------------ ------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1. n/a 200,000
--------- ----------
2. n/a 100,000
--------- ----------
3. n/a 40,000
--------- ----------
4. n/a 75,000
--------- ----------
------------------------------ ------------------------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 1. n/a 200,000
--------- ----------
2. n/a 100,000
* Price --------- ----------
3. n/a 40,000
--------- ----------
4. n/a 75,000
--------- ----------
------------------------------ ------------------------------------------------
e. Date of the transaction 21 December 2020
------------------------------ ------------------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------------
- End -
For further information please visit www.tenlifestylegroup.com
or call:
Ten Lifestyle Group plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Peel Hunt LLP, Nominated Advisor and Broker
Edward Knight
Paul Gillam +44 (0) 20 7418
Nick Prowting 8900
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc is a leading technology-enabled, global
concierge platform, helping wealthy and mass affluent individuals
and their families to discover, organise, and enjoy dining, live
entertainment, travel and premium retail (and other relevant
services) with better results and quicker than they could
themselves.
Underpinned by industry-first technology, Ten provides its
trusted concierge services to its more than 2 million members,
24/7, 365 days a year, wherever they are in the world. Founded in
1998, the business listed on the AIM market of the London Stock
Exchange in November 2017 (AIM: TENG). Ten Lifestyle Group's
objective is to become the most trusted service platform in the
world.
For further information about Ten Lifestyle Group Plc, please go
to: www.tenlifestylegroup.com
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END
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