20 July 2021
Mind Gym plc
("Mind Gym" or the "Company")
Grant of SAYE Options
Mind Gym (AIM: MIND), the global provider of human capital and business improvement solutions, is pleased to announce that it has launched the third year of a Save As You Earn Scheme (the "SAYE Scheme") for all eligible employees in the UK, Singapore and Canada.
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 144.5 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. The exercise price represents a 15% discount to the average closing price of an Ordinary Share across 23, 24 and 25 June 2021, the three dealing days before the invitation was made. The Options have a contract start date of 1 August 2021 and are exercisable from 1 August 2024.
A total of 45 out of 206 eligible employees have elected to participate in the SAYE Scheme and a total of 193,655 Options have been granted in the 2021 scheme, representing 0.19% of the issued share capital.
The Company has also implemented an Employee Stock Purchase Plan ("Plan") for US employees over the Ordinary shares. The shares have a contract start date of 1 August 2021 and will be purchased on 31 July 2022. A total of 28 out of 117 eligible employees have enrolled in the in the Plan.
Enquiries:
| Mind Gym plc | +44 (0) 20 7376 0626 |
| Octavius Black (CEO) Joanne Cash (Chair) Richard Steele (CFO)
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| Liberum (Nominated Adviser and Broker) | +44 (0) 20 3100 2000 |
| Bidhi Bhoma Euan Brown Kane Collings
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| MHP Communications (Public Relations Advisor) | +44 (0) 20 3128 8572 |
| Reg Hoare Katie Hunt Florence Mayo mindgym@mhpc.com | |
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