Pod Point Group Holdings PLC Director/PDMR Shareholding (0836W)

TIDMPODP

RNS Number : 0836W

Pod Point Group Holdings PLC

16 August 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 August 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 David Wolffe, Chief Financial Officer Designate 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.

Erik Fairbairn

Chief Executive 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                       David Wolffe 
           -------------------------  -------------------------------------- 
 2.         Reason for notification 
           ----------------------------------------------------------------- 
       a)   Position / status          Chief Financial Officer Designate and 
                                        PDMR 
           -------------------------  -------------------------------------- 
       b)   Initial notification       Initial notification 
             / amendment 
           -------------------------  -------------------------------------- 
 3.         Details of the issuer, emission allowance market participant, 
             auction platform, auctioneer or auction monitor 
           ----------------------------------------------------------------- 
 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         510, 879 
                                                     ---------- 
           -------------------------  -------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A 
 
             Price 
           -------------------------  -------------------------------------- 
       e)   Date of the transaction    2022-08-11 
           -------------------------  -------------------------------------- 
       f)   Place of the transaction   Outside of a trading venue 
           -------------------------  --------------------------------------

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END

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August 16, 2022 02:00 ET (06:00 GMT)

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