Ten Lifestyle Group PLC Grant of Options
October 10 2024 - 2:00AM
RNS Regulatory News
RNS Number : 6115H
Ten Lifestyle Group PLC
10 October 2024
10 October 2024
Ten Lifestyle Group
plc
("Ten" or the
"Company")
Grant of
Options
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
|
1,748,680
|
|
Andrew
Long
|
Group
COO
|
15,000
|
1,148,350
|
|
Alan
Donald
|
CFO
|
15,000
|
743,914
|
|
Victoria
Carvalho
|
Chief
Proposition Officer
|
15,000
|
383,750
|
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
|
|
|
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
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Ten Lifestyle Group plc
|
|
b.
|
LEI
|
213800YK94ZUOJUMN686
|
|
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
|
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 £0.62
|
15,000
|
|
2.
|
Exercise price of £0.62
|
15,000
|
|
3.
|
Exercise price of £0.62
|
15,000
|
|
4.
|
Exercise price of £0.62
|
15,000
|
|
|
d.
|
Aggregated information
· Aggregated
volume
· Price
|
|
|
Price(s)
|
Volume(s)
|
|
1.
|
Exercise price of £0.62
|
15,000
|
|
2.
|
Exercise price of £0.62
|
15,000
|
|
3.
|
Exercise price of £0.62
|
15,000
|
|
4.
|
Exercise price of £0.62
|
15,000
|
|
|
e.
|
Date of the transaction
|
9 October 2024
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
- End -
For
further information please visit www.tenlifestylegroup.com
or
call:
|
Ten
Lifestyle Group plc
Alex Cheatle, Chief Executive
Officer
Alan Donald, Chief Financial
Officer
|
+44
(0)20 7850 2796
|
|
Singer Capital Markets Advisory LLP, Nominated Advisor and
Broker
Corporate Finance: James Moat /
Oliver Platts
Corporate Broking: Tom Salvesen /
Charles Leigh-Pemberton
|
+44
(0) 20 7496 3000
|
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group
plc ('Ten') partners with global
financial institutions and other premium brands to attract and
retain wealthy and mass affluent customers.
Millions of members have access to
Ten's services across lifestyle, travel, dining and entertainment
on behalf of over fifty clients including HSBC, Swisscard and Royal
Bank of Canada. Ten's partnerships are based on multi-year
contracts generating revenue through platform-as-a-service and
technology fees.
Ten's operations are underpinned by
an increasingly sophisticated personalisation platform comprising
industry-first, proprietary technology, thousands of supplier
relationships and 25 years of proprietary expertise delivered from
over 20 global offices. Ten was also the first B Corp-certified
company on the AIM market, demonstrating its commitment to
sustainability, social responsibility and ethical business
practices.
Ten is on a mission to become the
most trusted service platform in the world.
For further information please go
to: www.tenlifestylegroup.com.
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END
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