Grant of Options
Ten Lifestyle Group PLC announced on October 9, 2025, the grant of options over Ordinary Shares to certain persons discharging managerial responsibilities. CEO Alex Cheatle, Group COO Andrew Long, CFO Alan Donald, and Chief Proposition Officer Victoria Carvalho each received 15,000 new CSOP Options, exercisable after three years at a price of £0.59. This brings Cheatle's total options to 1,757,680, Long's to 1,157,350, Donald's to 757,914, and Carvalho's to 400,950. The Remuneration Committee believes this grant aligns with strategic goals and shareholder interests, as gains depend on share price increases over three years.
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Ten Lifestyle Group plc (AIM: TENG), announces that it has granted options over Ordinary Shares to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs"), pursuant to the Ten Lifestyle Group Plc Company Share Option Plan dated 24 August 2017 ("CSOP Options").
| PDMR | Position | Number of new CSOP Options granted | Resulting total options held over Ordinary Shares |
|---|---|---|---|
| Alex Cheatle | CEO | 15,000 | 1,757,680 |
| Andrew Long | Group COO | 15,000 | 1,157,350 |
| Alan Donald | CFO | 15,000 | 757,914 |
| Victoria Carvalho | Chief Proposition Officer | 15,000 | 400,950 |
The CSOP Options become exercisable after three years, subject to certain conditions, including appropriate bad leaver conditions. The Remuneration Committee believes that granting CSOP Options is aligned with the Company's strategic goals and the long-term interests of shareholders as any gain from the exercise of CSOP options is subject to the relative increase in the share price over the three-year period.
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to the granting of these options.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | 1. Alex Cheatle 2. Andrew Long 3. Alan Donald 4. Victoria Carvalho |
| 2. | Reason for the notification | |
| a. | Position/status | 1. CEO 2. Group COO 3. CFO 4. Chief Proposition Officer |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | Ten Lifestyle Group plc |
| b. | LEI | 213800YK94ZUOJUMN686 |
| a. | Description of the Financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.1 pence GB00BF188X60 |
| b. | Nature of the transaction | Grant of options under the Company Share Option Plan |
| c. | Price(s) and volume(s) | Price(s) Volume(s) 1. Exercise price of £0.59 15,000 2. Exercise price of £0.59 15,000 3. Exercise price of £0.59 15,000 4. Exercise price of £0.59 15,000 |
| d. | Aggregated information · Aggregated volume · Price | Price(s) Volume(s) 1. Exercise price of £0.59 15,000 2. Exercise price of £0.59 15,000 3. Exercise price of £0.59 15,000 4. Exercise price of £0.59 15,000 |
| f. | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.