TIDMAPP

RNS Number : 9737T

Appreciate Group PLC

27 July 2022

27-July-2022

Appreciate Group plc

("Appreciate Group" or the "Company")

Grant of Share Options and PDMR Notification

Appreciate Group plc (AIM:APP), the prepayment, gifting and engagement company behind many of the country's most-loved gifting and reward products, announces that the Company has granted nil-cost options over the ordinary shares of GBP0.02 each in the Company ("Ordinary Shares") under the rules of the 2021 Appreciate Group Incentive Plan to the following employees each a Person Discharging Managerial Responsibilities.

 
 PDMR               Position                        Number of options   Percentage 
                                                     granted over        of issued 
                                                     Ordinary Shares     share capital 
                                                                         under option 
                                                                         (rounded) 
 Julian Coghlan     Chief Commercial Officer                  199,038           0.107% 
                    -----------------------------  ------------------  --------------- 
 Claire Jones       Group HR Director                         102,361           0.055% 
                    -----------------------------  ------------------  --------------- 
 Gillian Taylor     Chief Transformation Officer               86,926           0.047% 
                    -----------------------------  ------------------  --------------- 
                    General Counsel & Company 
 Gareth Griffiths    Secretary                                 98,570           0.053% 
                    -----------------------------  ------------------  --------------- 
 

The options awarded under the plan relate to the FY22 performance of the Company, and vest 3 years from the date of the award.

The awards were granted as conditional awards and will ordinarily vest on 16 June 2025, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the award's performance conditions are satisfied.

The information set out below is provided in accordance with the requirements of the Market Abuse Regulation.

 
      Details of the person discharging managerial responsibilities 
  1    (PDMR) / person closely associated (PCA) 
 a)   Name                           1. Julian Coghlan 
                                      2. Claire Jones 
                                      3. Gillian Taylor 
                                      4. Gareth Griffiths 
     -----------------------------  --------------------------------------- 
 b)   Position/status                1. Chief Commercial Officer 
                                      2. Group HR Director 
                                      3. Chief Transformation Officer 
                                      4. Gareth Griffiths 
     -----------------------------  --------------------------------------- 
 c)   Is this an Initial 
       notification or Amendment       Initial notification 
       to a previous notification? 
     -----------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  2    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                           Appreciate Group plc 
     -----------------------------  --------------------------------------- 
 b)   LEI                            213800MQ5U1F8SPHK638 
     -----------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  3    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             Ordinary Shares of GBP0.02 pence 
       financial instrument,          each in Appreciate Group plc 
       type of instrument 
 
       Identification code            ISIN : GB0006710643 
     -----------------------------  --------------------------------------- 
 b)   Nature of the transaction      Grant of a conditional award under 
                                      the Appreciate Group plc Incentive 
                                      Plan 
     -----------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
                                        1. GBPnil     199,038 
                                         2. GBPnil     102,361 
                                         3. GBPnil     86,926 
                                         4. GBPnil     98,570 
                                                     ---------- 
     -----------------------------  --------------------------------------- 
 d)   Aggregated information 
       (for multiple transactions      Not applicable - single transactions 
       for the same instrument 
       on same day at same 
       place) 
 
       - Aggregated volume 
 
       - Price 
     -----------------------------  --------------------------------------- 
 e)   Date of the transaction        2022-07-25 
     -----------------------------  --------------------------------------- 
 f)   Place of the transaction       Outside a trading venue 
     -----------------------------  --------------------------------------- 
 

In addition, the Company has granted nil-cost options over the ordinary shares of GBP0.02 each in the Company ("Ordinary Shares") under the rules of the 2021 Appreciate Group Incentive Plan to the following employees each a Person Discharging Managerial Responsibilities:

 
 PDMR             Position                       Number of options   Percentage 
                                                  granted over        of issued 
                                                  Ordinary Shares     share capital 
                                                                      under option 
                                                                      (rounded) 
 Julian Coghlan   5. Chief Commercial Officer              389,948           0.209% 
                  ----------------------------  ------------------  --------------- 
 Claire Jones     6. Group HR Director                     216,637           0.116% 
                  ----------------------------  ------------------  --------------- 
 

The options awarded under the plan relate to the FY22 performance of the Company. 40% vest 2 years from the date of the award and 60% vest 3 years from the date of the award.

The awards were granted as conditional awards and will ordinarily vest on 22 June 2024 (40%) and 22 June 2025 (60%), subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the award's performance conditions are satisfied.

The information set out below is provided in accordance with the requirements of the Market Abuse Regulation.

 
      Details of the person discharging managerial responsibilities 
  1    (PDMR) / person closely associated (PCA) 
 a)   Name                           5. Julian Coghlan 
                                      6. Claire Jones 
     -----------------------------  --------------------------------------- 
 b)   Position/status                5. Chief Commercial Officer 
                                      6. Group HR Director 
     -----------------------------  --------------------------------------- 
 c)   Is this an Initial 
       notification or Amendment       Initial notification 
       to a previous notification? 
     -----------------------------  --------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  2    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                           Appreciate Group plc 
     -----------------------------  --------------------------------------- 
 b)   LEI                            213800MQ5U1F8SPHK638 
     -----------------------------  --------------------------------------- 
      Details of the transaction(s): section to be repeated 
  3    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             Ordinary Shares of GBP0.02 pence 
       financial instrument,          each in Appreciate Group plc 
       type of instrument 
 
       Identification code            ISIN : GB0006710643 
     -----------------------------  --------------------------------------- 
 b)   Nature of the transaction      Grant of a conditional award under 
                                      the Appreciate Group plc Incentive 
                                      Plan 
     -----------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)         Volume(s) 
                                           5. GBPnil     389,948 
                                            6. GBPnil     216,637 
                                                        ---------- 
     -----------------------------  --------------------------------------- 
 d)   Aggregated information 
       (for multiple transactions      Not applicable - single transactions 
       for the same instrument 
       on same day at same 
       place) 
 
       - Aggregated volume 
 
       - Price 
     -----------------------------  --------------------------------------- 
 e)   Date of the transaction        2022-07-06 
     -----------------------------  --------------------------------------- 
 f)   Place of the transaction       Outside a trading venue 
     -----------------------------  --------------------------------------- 
 

For further information, please contact:

 
 Appreciate Group         Liberum Capital      MHP Communications 
  PLC                      Ltd 
                                               Reg Hoare Katie Hunt 
   John (Ian) O'Doherty     Richard Crawley     Patrick Hanrahan 
                                                Charles Hirst 
 Tel: 0151 653 1700       Tel: 020 3100 2000   Tel: 020 3128 8193 
 

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