Mind Gym PLC Grant of SAYE options
July 18 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8378W
Mind Gym PLC
18 July 2024
18 July
2024
Mind Gym
plc
("MindGym" or the
"Company")
Grant of SAYE
options
MindGym, the global provider of
human capital and business improvement solutions, is pleased to
announce that it has launched the sixth year of a Save As You Earn
Scheme (the "SAYE Scheme") for all eligible employees in the UK and
Singapore.
Eligible employees were invited to
subscribe for options ("Options") over the Company's Ordinary
Shares of
0.001 pence each ("Ordinary Shares")
which have been granted at an exercise price of 26.07 pence per
Ordinary Share in accordance with the terms of the SAYE Scheme. As
set out in the scheme rules, the exercise price is determined by
the average closing price of an Ordinary Share across 17, 18 and 19
June 2024, the three dealing days before the invitation was made,
discounted at 15%. The Options were granted on 15 July 2024 and
have a contract start date of 1 August 2024 and are exercisable
from 1 August 2027.
A total of 29 out of 175 eligible
employees have elected to participate in the SAYE Scheme and a
total of 1,106,437 Options have been granted in the 2024 scheme,
representing 1.1% of the issued share capital.
The following Persons Discharging
Managerial Responsibilities ("PDMRs") have chosen to participate in
the 2024 SAYE Scheme:
|
PDMR
|
Title
|
Options granted
|
|
Christoffer Ellehuus
|
Chief Executive Officer
|
35,577
|
The Company has also implemented an
Employee Stock Purchase Plan ("ESPP Scheme") for US employees over
the Ordinary shares, which have been granted at an exercise price
of 25.5 pence per Ordinary Share. As set out in the scheme rules,
the exercise price is determined by the closing price of an
Ordinary Share at the grant date discounted at 15%. The Options
were granted on 15 July 2024 and have a contract start date of 1
August 2024 and are exercisable from 31 July 2025. The shares
purchased on exercise are then subject to a 12-month holding
period. A total of 10 out of 86 eligible employees have enrolled in
the in the Plan and a total of 73,261 Options have been granted,
representing 0.07% of the issued share capital.
The following PDMRs have chosen to
participate in the ESPP Scheme:
|
PDMR
|
Title
|
Options granted
|
|
Janet Ahn
|
President, Chief Behavioural Science
Officer
|
19,948
|
Enquiries
|
Mind Gym plc
|
+44 (0) 20 7376 0626
|
|
Christoffer Ellehuus
(CEO)
Dominic Neary (CFO)
investors@themindgym.com
|
|
|
Panmure Liberum Limited (Nominated Adviser and Sole
Broker)
|
+44 (0) 20 3100 2000
|
|
Nicholas How
Edward Mansfield
Anake Singh
|
|
|
MHP
(for media
enquiries)
|
+44 (0) 20 3128 8793
|
|
Reg Hoare
Katie Hunt
Veronica Farah
mindgym@mhpgroup.com
|
|
|
|
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Christoffer Ellehuus
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Is this an initial notification or
an amendment to a prior notification?
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Mind Gym plc
|
|
b)
|
LEI
|
213800ER1PA5QSNKIL80
|
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary Shares of 0.001 pence
each
ISIN: GB00BF3SQB83
|
|
b)
|
Nature of the transaction
|
Grant of SAYE Option
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
35,577
|
|
|
d)
|
Aggregated information (if
any)
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of transaction
|
15 July 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
| |
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Janet Ahn
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Behavioural Science
Officer
|
|
b)
|
Is this an initial notification or
an amendment to a prior notification?
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Mind Gym plc
|
|
b)
|
LEI
|
213800ER1PA5QSNKIL80
|
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary Shares of 0.001 pence
each
ISIN: GB00BF3SQB83
|
|
b)
|
Nature of the transaction
|
Grant of ESPP Option
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
19,948
|
|
|
d)
|
Aggregated information (if
any)
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of transaction
|
15 July 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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