TIDMEQLS
RNS Number : 6088J
Equals Group PLC
14 December 2022
For immediate release 14 December 2022
Equals Group plc
('Equals', the 'Group' or the 'Company')
Discretionary Share Incentive Plan and 2022 Awards
Equals Group plc (AIM:EQLS), the fast-growing payments group
focused on the SME marketplace, announces further awards under its
Discretionary Share Incentive plans comprising the grant of Share
Incentive Plan ('SIP') for all eligible employees of the Company
concurrently with a discretionary Long-Term Incentive Plan ('LTIP')
for senior employees and two executive directors.
In common with many businesses, the Group faces continued
challenges to not only recruit but also retain high-quality talent
across all its operations. Accordingly, the further following
awards are being made under the SIP and LTIP as announced
previously in October 2021.
Share Incentive Plan ('SIP')
In keeping with 2021 award, the Group will grant an award with a
value equivalent to 4,000 new ordinary shares in the capital of the
Company ('Ordinary Shares') to all 196 employees of the Group who
have one year's service or more as of 14 December 2022 (being the
date of grant), in the form of a SIP Free Shares award. The
valuation of the Ordinary Shares granted will be the market closing
price on the dealing day prior to the award. There are no
performance conditions and no purchase price. The award is subject
to a three-year holding period in the SIP Trust. Staff who leave
employment before the end of the holding period will lose their
award, subject to certain limited 'good leaver' conditions.
Discretionary Long-Term Incentive Plan ('LTIP')
The LTIP, which was announced by the Group on 18 October 2021,
detailed that grants were made for senior employees without
performance conditions and that grants were also made to two
executive directors with performance conditions.
The Group is now making further awards under this LTIP to 44
senior employees and two executive directors. All of these new
awards will incorporate performance conditions.
The shares will vest on the third anniversary of the grant of
the award, subject to the satisfaction of the pre-determined
performance conditions and such vested shares will be subject to a
two-year holding period thereafter. The total target award level is
up to 3,182,500 Ordinary Shares. The exact award level will be
determined on a sliding scale dependent on performance relative to
CAGR targets for revenue and EPS, KPI's for customer quality and
ESG and the same minimum share price threshold as 2021 awards,
being 80 pence. Participants who leave employment before vesting
will lose their award, subject to certain limited 'good leaver'
conditions.
Set out below is a table of grants under the Plan to certain
Directors and persons discharging managerial responsibilities
('PDMRs').
PERSON JOB TITLE LTIP* SIP TOTAL
Chief Executive
Ian Strafford-Taylor Officer 637,500 4,000 641,500
Chief Financial
Richard Cooper Officer 375,000 4,000 379,000
Jack Bryant Director - Operations 50,000 4,000 54,000
Chief Operations
Matthijs Boon Officer 175,000 4,000 179,000
Chief Infrastructure
Simon England Officer 175,000 4,000 179,000
Shona Kerfoot Chief People Officer 100,000 4,000 104,000
Darren Kilner Director - Dealing 100,000 4,000 104,000
Chief Commercial
Thomas Kiddle Officer 200,000 - 200,000
Stephen Paul Director - Finance 80,000 4,000 84,000
Chief Technology
Andrew Phillips Officer 175,000 4,000 179,000
James Simcox Chief Product Officer 200,000 4,000 204,000
*award dependent on performance criteria
Further details are available in the Company's 2021 Annual
Report available from the Company's website at
www.equalsplc.com
ADDITIONAL TECHNICAL DISCLOSURES
The following disclosure are made in accordance with Article 19
of the EU Market Abuse Regulations 596/2014:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Ian Strafford-Taylor
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 Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 637,500 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Richard Cooper
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 375,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Andrew Phillips
2 Reason for the notification
a) Position/status Chief Technology Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 175,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Matthijs Boon
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 175,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Simon England
2 Reason for the notification
a) Position/status Chief Infrastructure Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 175,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name James Simcox
2 Reason for the notification
a) Position/status Chief Product Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 200,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Jack Bryant
2 Reason for the notification
a) Position/status Director - Operations
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 50,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Stephen Paul
2 Reason for the notification
a) Position/status Director - Finance
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 80,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Thomas Kiddle
2 Reason for the notification
a) Position/status Chief Commercial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 200,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Darren Kilner
2 Reason for the notification
a) Position/status Director - Dealing
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 100,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Shona Kerfoot
2 Reason for the notification
a) Position/status Chief People Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Equals Group plc
b) LEI 213800CPI5S2GYB3RI27
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 Options over Ordinary Shares of GBP0.01 each
instrument Issue of Ordinary Shares of GBP0.01 each
Identification code
ISIN: GB00BLS0XX25
b) Nature of the transaction Grant of options
Issue or Ordinary Shares
c) Price(s) and volume(s) 100,000 options over Ordinary Shares at nil pence (being
the LTIP grant)
4,000 Ordinary Shares at nil pence (being the SIP grant)
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 December 2022
14 December 2022
f) Place of the transaction London Stock Exchange, AIM
- Ends -
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO Tel: +44 (0) 20 7778
Richard Cooper, CFO 9308
www.equalsplc.com
Canaccord Genuity (Nominated Adviser
/ Broker)
Max Hartley / Harry Rees Tel: +44 (0) 20 7523
8150
Buchanan (Financial Communications)
Henry Harrison-Topham / Toto Berger Tel: +44 (0) 20 7466
equals@buchanan.uk.com 5000
www.buchanan.uk.com
Notes to Editors:
Equals Group is a technology-led international payments group
augmented by highly personalised service for the payment needs of
SME's whether these be FX, card payments or via Faster Payments.
Founded in 2007, the Group listed on AIM in 2014 and currently
employs around 285 staff across sites in London and Chester. For
more information, please visit www.equalsplc.com .
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