Pod Point Group Holdings PLC Director/PDMR Shareholding (7242E)
March 14 2022 - 12:30PM
UK Regulatory
TIDMPODP
RNS Number : 7242E
Pod Point Group Holdings PLC
14 March 2022
14 March 2022
Pod Point Group Holdings plc
(the "Company" or "Pod Point")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSON
DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR')
The Company announces that, on 11 March 2022, it granted a Nil
Cost Option ("Option") over Ordinary Shares of GBP0.001 each in the
Company ("Shares"), in accordance with the Rules of the Pod Point
Long-Term Incentive Plan ("LTIP"), to Erik Fairbairn, Chief
Executive Officer of the Company.
Vesting of the Option is subject to the Rules of the LTIP and
upon continued employment to the normal vesting date and the
achievement of performance conditions. The performance conditions
applicable to the Option are based on (1) revenue in 2024, (2)
recurring and owned asset revenue in 2024, (3) cumulative adjusted
EBITDA, and (4) proportion of the Pod Point UK leased or owned
vehicle fleet that are Battery Electric Vehicles (BEV) or
Range-extended hybrid vehicles (REX) (25% weighting for each
measure).
The number of Shares under Option that will vest will depend
upon the extent to which the performance conditions have been
achieved.
No consideration is payable either on the grant or vesting of
the Option. The Option will normally vest three years from the date
of grant.
This notification is made in accordance with the requirements of
Article 19 of the UK Market Abuse Regulation.
David Surtees
Chief Financial Officer
Enquiries
Tulchan Communications +44 207 353 4200
(Public relations advisor to PodPoint@tulchangroup.com
Pod Point)
James Macey White, Mark Burgess,
Matt Low, Laura Marshall, Arthur
Rogers
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Erik Fairbairn
------------------------- ------------------------------------------
2. Reason for notification
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a) Position / status Director / PDMR - Chief Executive Officer
------------------------- ------------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name Pod Point Group Holdings plc
------------------------- ------------------------------------------
b) LEI 213800MY9U5MEDG21D89
------------------------- ------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument ISIN: GB00BNDRD100
------------------------- ------------------------------------------
b) Nature of the Award of Nil Cost Option
transaction
------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 368,182
----------
------------------------- ------------------------------------------
d) Aggregated information
Aggregated volume N/A
Price
------------------------- ------------------------------------------
e) Date of the transaction 2022-03-11
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f) Place of the transaction Outside of a trading venue
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END
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