6 December 2024
Sorted Group Holdings
plc
("Sorted", the "Company" or the "Group")
Share Option
Awards
Sorted (AIM: SORT), a leading provider of
delivery experience and post-purchase technology, announces the
implementation of new share incentive awards ("New Awards") under
the existing Sorted Group Holdings plc Share Option Plan to retain
and incentivise key management personnel. The New Awards are being
made to one Director of the Company, certain persons discharging
managing responsibility ("PDMR"), as detailed below, together with
several members of the senior management team.
The New Awards comprise the grant of a total of
669,000 new share options over ordinary shares of 62.5 pence each
in the Company ("Ordinary Shares") (together the "Options"). The
Options are subject to vest one third each on the first, second and
third anniversary of the date of grant, subject to the Company
achieving a minimum share price performance target of 75p, 90p and
110p respectively, in each case measured against the average
closing mid-market price of an Ordinary Shares over the prior 30
days.
The Options have an exercise price of 62.5p and
a ten-year life span from date of grant and can be exercised any
time after the vesting conditions, outlined above, have been met.
Any Ordinary Shares acquired on exercise of the Options must be
held for a minimum of twelve months thereafter.
Further details of the allocation of the
Options are outlined as follows:
|
Name
|
Number of Options
Granted
|
|
Mahmoud Warriah - Chief Financial
Officer (Director)
|
115,000
|
|
Paul Hill - Product Director
(PDMR)
|
115,000
|
|
Victoria Hill - Carrier Director
(PDMR)
|
115,000
|
|
Russell Waite - Engineering Director
(PDMR)
|
115,000
|
|
Steve Allen - Dealer Principal
(PDMR)
|
38,000
|
|
Senior managers (7)
|
171,000
|
|
Total
|
669,000
|
Following the grant of the Options, the total
number of Ordinary Shares under option is 669,000, representing
approximately 8.8% of the Company's current issued ordinary share
capital.
For further information please
contact:
Sorted Group Holdings plc
Tel: +44 (0)3300 555 284
Simon Wilkinson, Chairman
Allenby Capital Limited (Nominated
Adviser)
Tel: +44 (0)20 3328 5656
David Hart
Vivek Bhardwaj
Turner Pope Investments (TPI) Ltd
(Broker)
Tel: +44 (0)20 3657 0050
James Pope
Andy Thacker
About Sorted
Sorted's Delivery Experience
supports retailers in providing exceptional delivery experiences
and analysing post-purchase performance. It enables customers to
track deliveries of parcels with ease.
Founded more than a decade ago,
Sorted is trusted by leading retailers - such as Asda, ASOS and
M&S - to make customer purchase experiences a
differentiator.
www.sorted.com
@SortedOfficial
Media contact - Shaun Weston
- shaun.weston@sorted.com
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Mahmoud
Warriah
2. Paul
Hill
3. Victoria
Hill
4. Russell
Waite
5. Steve
Allen
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Chief
Financial Officer (Director)
2. Product
Director (PDMR)
3. Carrier
Director (PDMR)
4.
Engineering Director (PDMR)
5. Dealer
Principal (PDMR)
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Sorted Group Holdings Plc
|
|
b)
|
LEI
|
213800MKYV25HW2IAX70
|
|
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
Identification code
|
Ordinary shares of 62.5 pence each in
Sorted Group Holdings Plc ("Ordinary Shares")
Identification code (ISIN) for
Ordinary Shares: GB00BPDX2041
|
|
b)
|
Nature of the transaction
|
Grant of options over Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.
62.5p
2.
62.5p
3.
62.5p
4.
62.5p
5.
62.5p
|
1. 115,000
2. 115,000
3. 115,000
4. 115,000
5. 38,000
|
|
|
d)
|
Aggregated information:
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the transaction
|
5 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
