PDMR Issue of Options
CFO granted 350,000 options at 57.0 pence exercise price with three-year vesting.
- Options granted to CFO 350,000
- Exercise price 57.0 pence
- Total options in issue 8,921,667
- Options as % of share capital 12.29%
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PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions, announces that it has granted options ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to Ryan Murray, Chief Financial Officer of the Company, on 6 March 2025 at an exercise price of 57.0 pence, being the closing price on 5 March 2025, as follows:
| Name | Title | Options Granted | Earliest Exercising Date | Total Options Held |
| R yan Murray | CFO | 350,000 | 6 March 2028 | 350,000 |
| The terms vesting are as follows: | ||||
| Tranche of Awards | Vesting Criteria | |||
| 50% of the grant Options | The Option shall be exercisable over 50% 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 58.0 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 an additional 25% of the Option Shares (rounded down to the nearest whole Share) if the Company Share Price is equal to or greater than 150% of the of the share price on Date of Grant 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 200% of the of the share price on Date of Grant during any continuous 30 day period falling after the Date of Grant. | |||
Subject to the Vesting Criteria above being met, the earliest any of the Options may be exercised is after three years.
Following this announcement, there are a total of 8,921,667 options over Ordinary Shares in issue, representing 12.29% of the current issued share capital of the Company.
| Walbrook PR | +44 (0) 20 7933 8780 | |||||
| Tom Cooper/Joseph Walker | +44 (0) 797 122 1972 | |||||
| About PCI Pal: | ||||||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Ryan Murray | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | PDMR - Chief Financial Officer | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| a) | Name: | PCI PAL PLC | ||||
| b) | LEI: | 213800XTX34IQYMYES95 | ||||
| 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): |
| ||||
| d) | Aggregated information: · Aggregated volume: · Price: | See 4(c) above | ||||
| e) | Dates of the transactions: | 6 March 2025 | ||||
| f) | Place of the transaction: | Off Market Transaction | ||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.