Grant of Options
Ten Lifestyle Group plc has granted new nil cost options under its Management Incentive Plan to four persons discharging managerial responsibilities, including the CEO, Group COO, CFO, and Chief Proposition Officer. These options, totaling 352,000, will vest over a three-year period ending with the announcement of the FY 2028 Results, subject to performance conditions based on total shareholder return and earnings per share. The grant date was December 19, 2025.
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Ten Lifestyle Group plc (AIM: TENG), announces that it has granted options over ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs"), pursuant to the Ten Lifestyle Group plc Management Incentive Plan dated 9 November 2017 ("MIP Options"). The new MIP Options are being granted in respect of the three year period ending on the announcement of the Company's financial results for the year ending 31 August 2028 ("FY 2028 Results").
| PDMR | Position | Number of new MIP Options granted | Resulting total options held over Ordinary Shares |
|---|---|---|---|
| Alex Cheatle | CEO | 194,000 | 1,921,680 |
| Andrew Long | Group COO | 94,000 | 1,236,350 |
| Alan Donald | CFO | 94,000 | 854,914 |
| Victoria Carvalho | Chief Proposition Officer | 30,000 | 440,350 |
The nil cost MIP Options will vest subject to the performance conditions of the MIP Options based on total shareholder return ("TSR") and earnings per share ("EPS"), with equal weighting, over a three year period ending on the announcement of the FY 2028 Results. The Remuneration Committee believes the performance metrics appropriately incentivise and are aligned with the Company's strategic goals and the long-term interests of shareholders.
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 Management Incentive Plan |
| c. | Price(s) and volume(s) | Price(s) Volume(s) 1. n/a 194,000 2. n/a 94,000 3. n/a 94,000 4. n/a 30,000 |
| d. | Aggregated information · Aggregated volume · Price | Price(s) Volume(s) 1. n/a 194,000 2. n/a 94,000 3. n/a 94,000 4. n/a 30,000 |
| 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.