REG - Mind Gym PLC - Grant of SAYE options

Mind GymAnnouncement

18/07/2024 07:00

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RNS Number : 8378W  Mind Gym PLC  18 July 2024

 18 July 2024

 

Mind Gym plc

("MindGym" or the "Company")

 

Grant of SAYE options

 

MindGym, the global provider of human capital and business improvement
solutions, is pleased to announce that it has launched the sixth year of a
Save As You Earn Scheme (the "SAYE Scheme") for all eligible employees in the
UK and Singapore.

 

Eligible employees were invited to subscribe for options ("Options") over the
Company's Ordinary Shares of

0.001 pence each ("Ordinary Shares") which have been granted at an exercise
price of 26.07 pence per Ordinary Share in accordance with the terms of the
SAYE Scheme. As set out in the scheme rules, the exercise price is determined
by the average closing price of an Ordinary Share across 17, 18 and 19 June
2024, the three dealing days before the invitation was made, discounted at
15%. The Options were granted on 15 July 2024 and have a contract start date
of 1 August 2024 and are exercisable from 1 August 2027.

 

A total of 29 out of 175 eligible employees have elected to participate in the
SAYE Scheme and a total of 1,106,437 Options have been granted in the 2024
scheme, representing 1.1% of the issued share capital.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have
chosen to participate in the 2024 SAYE Scheme:

 

 PDMR                  Title                    Options granted
 Christoffer Ellehuus  Chief Executive Officer  35,577

The Company has also implemented an Employee Stock Purchase Plan ("ESPP
Scheme") for US employees over the Ordinary shares, which have been granted at
an exercise price of 25.5 pence per Ordinary Share. As set out in the scheme
rules, the exercise price is determined by the closing price of an Ordinary
Share at the grant date discounted at 15%. The Options were granted on 15 July
2024 and have a contract start date of 1 August 2024 and are exercisable from
31 July 2025. The shares purchased on exercise are then subject to a 12-month
holding period. A total of 10 out of 86 eligible employees have enrolled in
the in the Plan and a total of 73,261 Options have been granted, representing
0.07% of the issued share capital.

 

The following PDMRs have chosen to participate in the ESPP Scheme:

 

 PDMR       Title                                         Options granted
 Janet Ahn  President, Chief Behavioural Science Officer  19,948

 

Enquiries

 

 Mind Gym plc                                                                                                                    +44 (0) 20 7376 0626
 Christoffer Ellehuus (CEO)

 Dominic Neary (CFO)

 investors@themindgym.com (mailto:investors@themindgym.com)

 Panmure Liberum Limited (Nominated Adviser and Sole Broker)                                                                     +44 (0) 20 3100 2000
 Nicholas How

 Edward Mansfield

 Anake Singh

 MHP (for media enquiries)                                                                                                       +44 (0) 20 3128 8793
 Reg Hoare

 Katie Hunt

 Veronica Farah

 mindgym@mhpgroup.com (mailto:mindgym@mhpgroup.com)

 1                        Details of the person discharging managerial responsibilities / person closely
                          associated
 a)                       Name                                                                      Christoffer Ellehuus
 2                        Reason for the notification
 a)                       Position/status                                                           Chief Executive Officer
 b)                       Is this an initial notification or an amendment to a prior notification?  Initial notification
 3                        Details of the issuer, emission allowance market participant, auction
                          platform, auctioneer or auction monitor
 a)                       Name                                                                      Mind Gym plc
 b)                       LEI                                                                       213800ER1PA5QSNKIL80
 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               Ordinary Shares of 0.001 pence each

                          Identification code                                                       ISIN: GB00BF3SQB83
 b)                       Nature of the transaction                                                 Grant of SAYE Option
 c)                       Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                                    nil       35,577

 d)                       Aggregated information (if any)

                          - Aggregated volume                                                       N/A - single transaction

                          - Price
 e)                       Date of transaction                                                       15 July 2024
 f)                       Place of the transaction                                                  Outside a trading venue

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

e)

Date of transaction

15 July 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                                      Janet Ahn
 2    Reason for the notification
 a)   Position/status                                                           Chief Behavioural Science Officer
 b)   Is this an initial notification or an amendment to a prior notification?  Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                                      Mind Gym plc
 b)   LEI                                                                       213800ER1PA5QSNKIL80
 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               Ordinary Shares of 0.001 pence each

      Identification code                                                       ISIN: GB00BF3SQB83
 b)   Nature of the transaction                                                 Grant of ESPP Option
 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                nil       19,948

 d)   Aggregated information (if any)

      - Aggregated volume                                                       N/A - single transaction

      - Price
 e)   Date of transaction                                                       15 July 2024
 f)   Place of the transaction                                                  Outside a trading venue

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

N/A - single transaction

e)

Date of transaction

15 July 2024

f)

Place of the transaction

Outside a trading venue

 

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