7th January 2020
Ten Lifestyle Group plc
("Ten" or the "Company")
Grant of Options
Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled lifestyle and travel service platform for the world's wealthy and mass affluent, announces that the Company has granted nil cost options to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") over ordinary shares of 0.1p each in the Company ("Ordinary Shares"), pursuant to the Ten Lifestyle Group Plc Management Incentive Plan dated 9 November 2017 (the "MIP Options").
PDMR |
Position |
Number of new MIP Options granted |
Resulting total options held over Ordinary Shares |
Alex Cheatle |
Chief Executive Officer |
200,000 |
833,708 |
Andrew Long |
Group Chief Operational Officer and Chief Executive Officer (Asia) |
100,000 |
433,708 |
Sarah Hornbuckle |
Client Services Director |
32,000 |
155,708 |
Alan Donald |
Chief Financial Officer |
150,000 |
183,708 |
This is the first grant of MIP Options to Mr. Donald since he was appointed as Chief Financial Officer on 24 June 2019.
The nil cost MIP Options will vest following announcement of the Company's financial results for the year ending 31 August 2022, subject to the performance conditions of the MIP Options.
The performance conditions are based on total shareholder return ("TSR") and, for some participants, operational targets. For Alex Cheatle, Alan Donald and Sarah Hornbuckle, their performance condition is wholly linked to the compound annual growth rate of TSR. Andrew Long's performance conditions are linked to the compound annual growth rate of TSR as well as to Net Revenue growth in APAC and profit making in that region. The Committee believes the aforementioned performance metrics are aligned with achieving KPI growth and driving the Company's strategy forward.
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to the granting of these MIP Options.
For further information, please visit https://www.tengroup.com/ or contact:
Ten Lifestyle Group Plc Alex Cheatle, Chief Executive Officer Alan Donald, Chief Financial Officer |
via Tavistock +44 (0)20 7479 3427 |
|
|
Peel Hunt LLP, Nominated Advisor and Broker Edward Knight George Sellar Nick Prowting |
+44 (0) 20 7418 8900 |
Tavistock, Financial PR & IR Jos Simson Heather Armstrong Tim Pearson |
+44 (0) 20 7920 3150 |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Alex Cheatle |
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 |
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 |
Options over ordinary shares of 0.1p each in the Company |
|
|
Identification code |
ISIN: GB00BF188X60 |
|
|
b) |
Nature of the transaction |
Grant of options |
c) |
|
Price(s) and volume(s) |
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|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
200,000 |
|
|
|
|
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
200,000 |
|
|
- Price |
Nil |
|
|
|
e) |
Date of the transaction |
6th January 2020 |
f) |
Place of the transaction |
Outside a trading venue |
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|
|
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|
|
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Andrew Long |
2 |
Reason for the notification |
a) |
Position/status |
Group Chief Operational Officer and Chief Executive Officer (Asia) |
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 |
Options over ordinary shares of 0.1p each in the Company |
|
|
Identification code |
ISIN: GB00BF188X60 |
|
|
b) |
Nature of the transaction |
Grant of options |
c) |
|
Price(s) and volume(s) |
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|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
100,000 |
|
|
|
|
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
100,000 |
|
|
- Price |
Nil |
|
|
|
e) |
Date of the transaction |
6th January 2020 |
f) |
Place of the transaction |
Outside a trading venue |
|
|
|
|
|
|
|
|
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Sarah Hornbuckle |
2 |
Reason for the notification |
a) |
Position/status |
Client Services Director |
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 |
Options over ordinary shares of 0.1p each in the Company |
|
|
Identification code |
ISIN: GB00BF188X60 |
|
|
b) |
Nature of the transaction |
Grant of options |
c) |
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
32,000 |
|
|
|
|
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
32,000 |
|
|
- Price |
Nil |
|
|
|
e) |
Date of the transaction |
6th January 2020 |
f) |
Place of the transaction |
Outside a trading venue |
|
|
|
|
|
|
|
|
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Alan Donald |
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 |
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 |
Options over ordinary shares of 0.1p each in the Company |
|
|
Identification code |
ISIN: GB00BF188X60 |
|
|
b) |
Nature of the transaction |
Grant of options |
c) |
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
150,000 |
|
|
|
|
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
150,000 |
|
|
- Price |
Nil |
|
|
|
e) |
Date of the transaction |
6th January 2020 |
f) |
Place of the transaction |
Outside a trading venue |
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