5 April 2024
PCI-PAL
PLC
("PCI
Pal", the "Company" or "the Group")
PDMR
Issue of Options
&
Director Share Purchases
PCI-PAL PLC (AIM: PCIP), the global
cloud provider of secure payment solutions for business
communications, announces that it has granted options ("Options")
over ordinary shares of 1 pence each ("Ordinary Shares") to James
Barham, Chief Executive Officer of the Company, on 4 April 2024 at
an exercise price of 56.0p, being the closing price on 3 April
2024, as follows:
|
Name
|
Title
|
Options Granted
|
Earliest Vesting Date
|
Total Options Held
|
|
James Barham
|
CEO
|
400,000
|
04/04/2025
|
1,375,000
|
The terms of vesting are as
follows:
|
Tranche of Awards
|
Vesting Criteria
|
|
25% of the grant Options
|
The Option shall be exercisable over
25% of the Option Shares (rounded down to the nearest whole Share)
if the price of the Company's shares, as determined by the previous
dealing day's closing price (derived from the London Stock Exchange
or as published in the Financial Times) ("Company Share Price") is
equal to or greater than 56.0 pence per share during any continuous
30 day period falling after the Date of Grant.
|
|
50% of the grant Options
|
The Option shall be exercisable over
an additional 50% of the Option Shares (rounded down to the nearest
whole Share) if the Company Share Price is equal to or greater than
84.0 pence per share during any continuous 30 day period falling
after the Date of Grant.
|
|
25% of the grant Options
|
The Option shall be exercisable over
the remaining 25% of the Option Shares if the Company Share Price
is equal to or greater than 114.0 pence per share during any
continuous 30 day period falling after the Date of
Grant.
|
Subject to the Vesting Criteria
above being met, a maximum of 133,333 Options can be exercised
after one year from the date of grant, a maximum 266,666 Options
can be exercised after two years, and all Options can be exercised
after three years.
Following this announcement, there
are a total of 9,161,667 options over Ordinary Shares in
issue, representing 12.69% of the current issued share capital of
the Company.
Director/PDMR Dealings:
The Company was notified that James
Barham, Chief Executive Officer, purchased 26,820 Ordinary Shares
at a price of 56.5 pence per Ordinary Share on 4 April 2024. As a
result of this transaction James Barham's beneficial interest in
the Company increases to 226,301 Ordinary Shares representing 0.31
per cent. of the Company's total voting rights.
The Company was notified that Simon
Wilson, Non-Executive Chairman, purchased 30,000 Ordinary Shares at
a price of 56.8 pence per Ordinary Share on 4 April 2024. As a
result of this transaction Simon Wilson's beneficial interest in
the Company increases to 190,000 Ordinary Shares representing 0.26
per cent. of the Company's total voting rights.
For
further information, please contact:
|
PCI-PAL PLC
|
Via Walbrook PR
|
|
James Barham - Chief Executive
Officer
William Good - Chief Financial
Officer
|
|
|
Cavendish Capital Markets Limited (Nominated Adviser and Broker)
|
+44 (0) 20 7227 0500
|
|
Marc Milmo/Simon Hicks/Fergus
Sullivan (Corporate Finance)
Sunila De
Silva (Corporate Broking)
|
|
|
Walbrook PR
|
+44 (0) 20 7933 8780
|
|
Tom Cooper/Joseph Walker
|
+44 (0) 797 122 1972
|
|
|
tom.cooper@walbrookpr.com
|
About PCI Pal:
PCI Pal is a leading provider of
Software-as-a-Service ("SaaS") solutions that empower companies to
take payments from their customers securely, adhere to strict
industry governance, and remove their business from the significant
risks posed by non-compliance and data loss. Our products secure
payments and data in any business communications environment
including voice, chat, social, email, and contact centre. We are
integrated to, and resold by, some of the worlds' leading business
communications vendors, as well as major payment service
providers.
The entirety of our product-base is
available from our global cloud platform hosted in Amazon Web
Services ("AWS"), with regional instances across EMEA, North
America, and ANZ.
For more information visit
www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/
The
Notification of Dealing Forms set out below are provided in
accordance with the requirements of the EU Market Abuse
Regulation.
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
James Barham
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
PCI PAL PLC
|
|
b)
|
LEI:
|
213800XTX34IQYMYES95
|
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 1 pence
each
ISIN Code: GB0009737155
|
|
b)
|
Nature of the
transaction:
|
Grant of Options
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
56.0 pence
|
400,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume:
· Price:
|
See 4c) above
|
|
e)
|
Dates of the
transactions:
|
4 April 2024
|
|
f)
|
Place of the transaction:
|
Off Market Transaction
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
James Barham
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
PCI PAL PLC
|
|
b)
|
LEI:
|
213800XTX34IQYMYES95
|
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 1 pence
each
ISIN Code: GB0009737155
|
|
b)
|
Nature of the
transaction:
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
56.5 pence
|
26,820
|
|
|
d)
|
Aggregated information:
· Aggregated volume:
· Price:
|
See 4c) above
|
|
e)
|
Dates of the
transactions:
|
4 April 2024
|
|
f)
|
Place of the transaction:
|
London Stock Exchange, AIM Market
(XLON)
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Simon Wilson
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Non-Executive Chairman
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
PCI PAL PLC
|
|
b)
|
LEI:
|
213800XTX34IQYMYES95
|
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 1 pence
each
ISIN Code: GB0009737155
|
|
b)
|
Nature of the
transaction:
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
56.8 pence
|
30,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume:
· Price:
|
See 4c) above
|
|
e)
|
Dates of the
transactions:
|
4 April 2024
|
|
f)
|
Place of the transaction:
|
London Stock Exchange, AIM Market
(XLON)
|